407, Vera Residences
Sold prices and rental history: sold twice, last in March 2025, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Vera Residences
What is 407 worth today?
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Source: Dubai Land Department. Updated 12 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,043 sqft
- Floor
- 4th of 28
- Parking
- P2-011
- Developer
- DAMAC
- Completed
- 2022
- Service charge
- AED 23,000 /yr
- Last sold
- AED 1.7M · March 2025
- Building
- Vera Residences
About 407, Vera Residences
407 is a two-bedroom apartment of 1,043 sqft on the 4th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 4 March 2025 for AED 1,700,000, or AED 1,629 per sqft, in line with the AED 1,676 two-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 12 November 2025, is AED 115,000 a year: a gross yield of 6.8% on the 2025 price, before the service charge of about AED 23,000 a year.
Sales and rents for 407 over time
407 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Vera Residences, and where 407 sits
All 225 2-beds →407 last sold in March 2025 at AED 1,629 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,676). Over the last 12 months two-beds sold for AED 500,000 to 2,118,000, around AED 1,707 per sqft, and rent for AED 45,000 to 140,700 a year. 407's AED 115,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 897 sqft | 1,350,000 | 1,505 | ||
| 14 Sep 202614 September 2026 | 902 sqft | 1,546,373 | 1,714 | ||
| 26 Aug 202626 August 2026 | 890 sqft | 1,532,772 | 1,721 | ||
| 16 Jul 202616 July 2026 | 890 sqft | 1,513,848 | 1,700 |
Vera Residences
Building522 apartments, studios to 2-bed over 28 floors in Business Bay, completed in 2022 by DAMAC. 25 sold in the last 12 months.
- Typical price per sqft
- AED 2,097 Down 4.6%
- Typical sale
- AED 1.2M
- Typical rent
- AED 82K /yr
- Typical yield
- 6.1%
Other units on the 4th floor
All 522 units in Vera Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 900 sqft | AED 1.29MAED 1,289,000 · Jul 2019July 2019 | ||
| 402 | 2-bed | 890 sqft | AED 1.28MAED 1,275,000 · Aug 2018August 2018 | 106,000 /yr | |
| 403 | 1-bed | 473 sqft | AED 780KAED 780,000 · Mar 2018March 2018 | ||
| 404 | 2-bed | 908 sqft | AED 1.27MAED 1,274,980 · Oct 2019October 2019 | 85,000 /yr | |
| 405 | 2-bed | 907 sqft | AED 1.32MAED 1,322,000 · Mar 2019March 2019 | 106,722 /yr | |
| 406 | 2-bed | 997 sqft | AED 1.57MAED 1,571,920 · Jul 2022July 2022 | 85,000 /yr | |
| 408 | 2-bed | 901 sqft | AED 1.48MAED 1,483,000 · Jul 2019July 2019 | 100,000 /yr | |
| 409 | 2-bed | 906 sqft | AED 1.52MAED 1,522,000 · Oct 2018October 2018 | ||
| 410 | 1-bed | 479 sqft | AED 775KAED 775,000 · Mar 2018March 2018 | ||
| 411 | 1-bed | 477 sqft | AED 772KAED 772,000 · Jul 2018July 2018 | 64,138 /yr | |
| 412 | 1-bed | 476 sqft | AED 1.2MAED 1,195,000 · Jun 2024June 2024 | 70,000 /yr | |
| 413 | 1-bed | 485 sqft | AED 1.06MAED 1,060,000 · Jan 2024January 2024 | 67,000 /yr | |
| 414 | 1-bed | 481 sqft | AED 1.25MAED 1,250,000 · Nov 2024November 2024 | ||
| 415 | 1-bed | 479 sqft | AED 797KAED 797,000 · May 2018May 2018 | 55,000 /yr | |
| 416 | 2-bed | 475 sqft | AED 1.04MAED 1,041,000 · Oct 2018October 2018 | 85,000 /yr | |
| 417 | 1-bed | 475 sqft | AED 872KAED 871,500 · May 2022May 2022 |
407, Vera Residences in numbers
- Sold twice: first on 7 August 2018 for AED 1,455,000, last on 4 March 2025 for AED 1,700,000 (AED 1,629 per sqft).
- Rented since September 2023 on 2 Ejari contracts, from AED 110,000 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2025 price is 6.8%, before a service charge of about AED 23,000 a year (AED 22.04 per sqft).
- Two-beds in Vera Residences sold for AED 500,000–2,118,000 in the 12 months to November 2026; the building's median across all types is AED 2,097 per sqft.
Source: Dubai Land Department. Updated 12 November 2025.
Questions about 407, Vera Residences
What did unit 407 last sell for?
AED 1,700,000 on 4 March 2025: AED 1,629 per sqft for 1,043 sqft. The unit has 2 registered sales; the first was AED 1,455,000 in August 2018.
What is the rent for unit 407?
AED 115,000 a year on the contract signed on 12 November 2025. The previous contract, from September 2023, was AED 110,000.
How big is unit 407?
1,043 sqft (96.9 sqm): a two-bedroom apartment on the 4th floor of a 28-storey tower completed in 2022.
What is unit 407 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Vera Residences sold for AED 500,000 to 2,118,000 in the last 12 months, around AED 1,707 per sqft.
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Mortgage on 407, Vera Residences
Starts from the last sale price (AED 1.7M, 4 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →