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2-bed · 899 sqftVera Residences, Business Bay · 5th floor · completed 2022

508, Vera Residences

Sold prices and rental history: sold once, by the developer in June 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 17 January 2026
Last soldAED 1.25M27 June 2018
Current rentAED 102K /yr17 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Vera Residences

What is 508 worth today?

Last sold for AED 1,251,360 in 2018

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17 Jan 2026RentedRenewal
AED 102,000/yr12 months · AED 113 per sqft
17 Jan 2025RentedNew contract
AED 102,000/yr12 months · AED 113 per sqft
24 Sep 2023RentedNew contract
AED 90,950/yr12 months · AED 101 per sqft
24 Sep 2022RentedNew contract
AED 85,000/yr12 months · AED 94 per sqft
27 Jun 2018Sold by developerOff-plan
AED 1,251,360AED 1,391 per sqft

Source: Dubai Land Department. Updated 17 January 2026.

Key facts

Type
2-bed apartment
Size
899 sqft
Floor
5th of 28
Parking
P2-021
Developer
DAMAC
Completed
2022
Service charge
AED 19,800 /yr
Last sold
AED 1.25M · June 2018
Building
Vera Residences

About 508, Vera Residences

508 is a two-bedroom apartment of 899 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 27 June 2018 for AED 1,251,360, or AED 1,391 per sqft, in line with the AED 1,357 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 17 January 2026, is AED 102,000 a year: a gross yield of 8.2% on the 2018 price, before the service charge of about AED 19,800 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, June 2018: AED 1,251,360 (AED 1,391 per sqft)

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

Rents
Unit 508, each contractTypical two-bed in Vera Residences
100K202220242026Typical 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 85,000 a yearNew contract, September 2023: AED 90,950 a yearNew contract, January 2025: AED 102,000 a yearRenewal, January 2026: AED 102,000 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 508 sits

All 225 2-beds →

508 last sold in June 2018 at AED 1,391 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,357). 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. 508's AED 102,000 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 5th floor

All 522 units in Vera Residences
Value
5012-bedAED 1.29M · Apr 2018
5022-bedAED 1.28M · Jun 2019
5031-bedAED 1.14M · Aug 2026
5042-bedAED 1.31M · Jun 2018
5052-bedAED 1.27M · Jul 2018
5062-bedAED 1.26M · Oct 2018
5072-bedAED 1.27M · Jul 2018
1–7 of 21

508, Vera Residences in numbers

  • Sold once: by DAMAC on 27 June 2018 for AED 1,251,360, or AED 1,391 per sqft.
  • Rented since September 2022 on 4 Ejari contracts, from AED 85,000 to AED 102,000 a year.
  • At AED 102,000 a year the gross yield on the 2018 price is 8.2%, before a service charge of about AED 19,800 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 17 January 2026.

Questions about 508, Vera Residences

What did unit 508 last sell for?

AED 1,251,360 on 27 June 2018, sold by the developer: AED 1,391 per sqft for 899 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 102,000 a year on the contract renewed on 17 January 2026. The previous contract, from January 2025, was AED 102,000; the unit has been rented since September 2022.

How big is unit 508?

899 sqft (83.5 sqm): a two-bedroom apartment on the 5th floor of a 28-storey tower completed in 2022.

What is unit 508 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 508, Vera Residences

Starts from the last sale price (AED 1.25M, 27 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,251,360
Deposit, UAE resident (20%)
AED 250,272
Deposit, non-resident (40%)
AED 500,544
Monthly over 25 years at 3.7%
AED 5,120

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