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2-bed · 901 sqftVera Residences, Business Bay · 4th floor · completed 2022

408, Vera Residences

Sold prices and rental history: sold once, by the developer in July 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 1 October 2025
Last soldAED 1.48M16 July 2019
Current rentAED 100K /yr1 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Vera Residences

What is 408 worth today?

Last sold for AED 1,483,000 in 2019

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1 Oct 2025RentedNew contract
AED 100,000/yr36 months · AED 94 per sqft
5 Sep 2024RentedRenewal
AED 100,000/yr12 months · AED 94 per sqft
5 Sep 2023RentedNew contract
AED 100,000/yr12 months · AED 94 per sqft
24 Sep 2022RentedNew contract
AED 82,000/yr12 months · AED 77 per sqft
16 Jul 2019Sold by developerOff-plan
AED 1,483,000AED 1,645 per sqft

Source: Dubai Land Department. Updated 1 October 2025.

Key facts

Type
2-bed apartment
Size
901 sqft
Floor
4th of 28
Parking
P2-012
Developer
DAMAC
Completed
2022
Service charge
AED 19,900 /yr
Last sold
AED 1.48M · July 2019
Building
Vera Residences

About 408, Vera Residences

408 is a two-bedroom apartment of 901 sqft on the 4th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 16 July 2019 for AED 1,483,000, or AED 1,645 per sqft, 15% above the AED 1,429 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 October 2025, is AED 100,000 a year: a gross yield of 6.7% on the 2019 price, before the service charge of about AED 19,900 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical two-bed in Vera Residences
1.2M1.4M1.6M2018202120242027Typical sale price by year: 2018 AED 1,233,000; 2019 AED 1,286,500; 2020 AED 1,200,562; 2021 AED 1,263,000; 2022 AED 1,409,800; 2023 AED 1,450,000; 2024 AED 1,500,000; 2025 AED 1,540,000; 2026 AED 1,539,573Sold by developer, July 2019: AED 1,483,000 (AED 1,645 per sqft)

408 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 408, each contractTypical two-bed in Vera Residences
80K100K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, September 2022: AED 82,000 a yearNew contract, September 2023: AED 100,000 a yearRenewal, September 2024: AED 100,000 a yearNew contract, October 2025: AED 100,000 a year

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 408 sits

All 225 2-beds →

408 last sold in July 2019 at AED 1,645 per sqft, 15% above what two-beds in Vera Residences were fetching at the time (AED 1,429). 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. 408's AED 100,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20261,350,000
14 Sep 20261,546,373
26 Aug 20261,532,772
16 Jul 20261,513,848
12 2-bed sales in the last 12 months

Vera Residences

Building

522 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%
Vera Residences, Business Bay: prices, sales and rents →

Other units on the 4th floor

All 522 units in Vera Residences
Value
4012-bedAED 1.29M · Jul 2019
4022-bedAED 1.28M · Aug 2018
4031-bedAED 780K · Mar 2018
4042-bedAED 1.27M · Oct 2019
4052-bedAED 1.32M · Mar 2019
4062-bedAED 1.57M · Jul 2022
4072-bedAED 1.7M · Mar 2025
1–7 of 16

408, Vera Residences in numbers

  • Sold once: by DAMAC on 16 July 2019 for AED 1,483,000, or AED 1,645 per sqft.
  • Rented since September 2022 on 4 Ejari contracts, from AED 82,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2019 price is 6.7%, before a service charge of about AED 19,900 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 1 October 2025.

Questions about 408, Vera Residences

What did unit 408 last sell for?

AED 1,483,000 on 16 July 2019, sold by the developer: AED 1,645 per sqft for 901 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 100,000 a year on the contract signed on 1 October 2025. The previous contract, from September 2024, was AED 100,000; the unit has been rented since September 2022.

How big is unit 408?

901 sqft (83.7 sqm): a two-bedroom apartment on the 4th floor of a 28-storey tower completed in 2022.

What is unit 408 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 408, Vera Residences

Starts from the last sale price (AED 1.48M, 16 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,483,000
Deposit, UAE resident (20%)
AED 296,600
Deposit, non-resident (40%)
AED 593,200
Monthly over 25 years at 3.7%
AED 6,067

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →