2-bed · 900 sqftVera Residences, Business Bay · 5th floor · completed 2022

506, Vera Residences

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in October 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 506 · DLD and Ejari recordsUpdated 2 October 2018

Last soldAED 1.26M2 October 2018

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Today's valuefree after one verification

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Property timeline for 506, Vera Residences

Today

What is 506 worth today?

Last sold for AED 1,261,000 in 2018

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2 Oct 2018

2 Oct 2018Sold by developerOff-plan

AED 1,261,000AED 1,400 per sqft

Source: Dubai Land Department. Updated 2 October 2018.

Key facts

Type: 2-bed apartment
Size: 900 sqft
Floor: 5th of 28
Parking: P2-019
Developer: DAMAC
Completed: 2022
Service charge: AED 19,800 /yr
Last sold: AED 1.26M · October 2018
Building: Vera Residences

About 506, Vera Residences

506 is a two-bedroom apartment of 900 sqft on the 5th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 2 October 2018 for AED 1,261,000, or AED 1,400 per sqft, in line with the AED 1,362 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 506 over time

Sales

Unit 506, each saleTypical two-bed in Vera Residences

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

Rents

Unit 506, each contractTypical two-bed in Vera Residences

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 506 sits

All 225 2-beds →

2-beds in Vera Residences · last 12 months1,707 /sqft Vera Residences · all types2,097 /sqft

506 last sold in October 2018 at AED 1,400 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,362). 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.

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

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 5th floor

All 522 units in Vera Residences


501	2-bed	900 sqft	AED 1.29MAED 1,291,000 · Apr 2018April 2018
502	2-bed	890 sqft	AED 1.28MAED 1,277,000 · Jun 2019June 2019
503	1-bed	513 sqft	AED 1.14MAED 1,141,000 · Aug 2026August 2026
504	2-bed	908 sqft	AED 1.31MAED 1,311,000 · Jun 2018June 2018	85,000 /yr
505	2-bed	905 sqft	AED 1.27MAED 1,267,000 · Jul 2018July 2018
507	2-bed	902 sqft	AED 1.27MAED 1,265,000 · Jul 2018July 2018	85,000 /yr
508	2-bed	899 sqft	AED 1.25MAED 1,251,360 · Jun 2018June 2018	102,000 /yr
509	2-bed	908 sqft	AED 1.25MAED 1,250,000 · Jul 2023July 2023	90,000 /yr
510	1-bed	479 sqft	AED 749KAED 749,000 · Feb 2018February 2018	60,000 /yr
511	1-bed	477 sqft	AED 742KAED 742,000 · Feb 2018February 2018	55,000 /yr
512	1-bed	476 sqft	AED 740KAED 740,000 · Feb 2018February 2018	70,000 /yr
513	1-bed	475 sqft	AED 745KAED 745,000 · Feb 2018February 2018	70,000 /yr
514	1-bed	479 sqft	AED 756KAED 756,000 · Jul 2018July 2018	60,000 /yr
515	Studio	358 sqft	AED 750KAED 750,000 · Jul 2025July 2025	60,000 /yr
516	Studio	354 sqft	AED 870KAED 870,000 · Feb 2025February 2025
517	Studio	318 sqft	AED 611KAED 611,000 · May 2019May 2019	65,000 /yr
518	Studio	353 sqft	AED 800KAED 800,000 · Mar 2025March 2025
519	1-bed	476 sqft	AED 770KAED 770,000 · Feb 2018February 2018
520	1-bed	608 sqft	AED 860KAED 860,000 · Jun 2023June 2023
521	1-bed	475 sqft	AED 770KAED 770,000 · Mar 2018March 2018	72,000 /yr
522	2-bed	911 sqft	AED 1.31MAED 1,307,000 · Jun 2018June 2018	105,452 /yr

1–7 of 21

506, Vera Residences in numbers

Sold once: by DAMAC on 2 October 2018 for AED 1,261,000, or AED 1,400 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 2 October 2018.

Questions about 506, Vera Residences

What did unit 506 last sell for?

AED 1,261,000 on 2 October 2018, sold by the developer: AED 1,400 per sqft for 900 sqft. It is the only registered sale of the unit.

How big is unit 506?

900 sqft (83.6 sqm): a two-bedroom apartment on the 5th floor of a 28-storey tower completed in 2022.

What is unit 506 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 506, Vera Residences

Starts from the last sale price (AED 1.26M, 2 October 2018). Switch to today's estimate once you have unlocked it.

Price: AED 1,261,000
Deposit, UAE resident (20%): AED 252,200
Deposit, non-resident (40%): AED 504,400
Monthly over 25 years at 3.7%: AED 5,159

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