Home
Dubai prices
About
Research
1-bed · 477 sqftVera Residences, Business Bay · 5th floor · completed 2022

511, Vera Residences

Sold prices and rental history: sold once, by the developer in February 2018, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 20 September 2026
Last soldAED 742K26 February 2018
Current rentAED 55K /yr20 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 511

Property timeline for 511, Vera Residences

What is 511 worth today?

Last sold for AED 742,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

20 Sep 2026RentedNew contract
AED 55,000/yr12 months · AED 117 per sqft
10 Aug 2025RentedNew contract
AED 70,350/yr12 months · AED 147 per sqft
10 Aug 2024RentedNew contract
AED 67,000/yr12 months · AED 141 per sqft
9 Apr 2023RentedNew contract
AED 65,000/yr12 months · AED 137 per sqft
26 Feb 2018Sold by developerOff-plan
AED 742,000AED 1,554 per sqft

Source: Dubai Land Department. Updated 20 September 2026.

Key facts

Type
1-bed apartment
Size
477 sqft
Floor
5th of 28
Parking
B-013
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 742K · February 2018
Building
Vera Residences

About 511, Vera Residences

511 is a one-bedroom apartment of 477 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 26 February 2018 for AED 742,000, or AED 1,554 per sqft, in line with the AED 1,575 one-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 20 September 2026, is AED 55,000 a year: a gross yield of 7.4% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 511 over time

Sales
Unit 511, each saleTypical one-bed in Vera Residences
500K750K1M2018202120242027Typical sale price by year: 2018 AED 753,000; 2019 AED 741,560; 2021 AED 590,000; 2022 AED 829,500; 2023 AED 900,000; 2024 AED 1,072,500; 2025 AED 1,100,000; 2026 AED 1,100,000Sold by developer, February 2018: AED 742,000 (AED 1,554 per sqft)

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

Rents
Unit 511, each contractTypical one-bed in Vera Residences
60K70K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 67,000New contract, April 2023: AED 65,000 a yearNew contract, August 2024: AED 67,000 a yearNew contract, August 2025: AED 70,350 a yearNew contract, September 2026: AED 55,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Vera Residences, and where 511 sits

All 293 1-beds →

511 last sold in February 2018 at AED 1,554 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,575). Over the last 12 months one-beds sold for AED 940,000 to 1,254,000, around AED 2,225 per sqft, and rent for AED 29,219 to 140,000 a year. 511's AED 55,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Oct 2026940,000
16 Oct 20261,000,000
19 Aug 20261,254,000
18 Aug 20261,141,000
13 1-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

511, Vera Residences in numbers

  • Sold once: by DAMAC on 26 February 2018 for AED 742,000, or AED 1,554 per sqft.
  • Rented since April 2023 on 4 Ejari contracts, from AED 65,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2018 price is 7.4%, before a service charge of about AED 10,500 a year (AED 22.04 per sqft).
  • One-beds in Vera Residences sold for AED 940,000–1,254,000 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 20 September 2026.

Questions about 511, Vera Residences

What did unit 511 last sell for?

AED 742,000 on 26 February 2018, sold by the developer: AED 1,554 per sqft for 477 sqft. It is the only registered sale of the unit.

What is the rent for unit 511?

AED 55,000 a year on the contract signed on 20 September 2026. The previous contract, from August 2025, was AED 70,350; the unit has been rented since April 2023.

How big is unit 511?

477 sqft (44.3 sqm): a one-bedroom apartment on the 5th floor of a 28-storey tower completed in 2022.

What is unit 511 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Vera Residences sold for AED 940,000 to 1,254,000 in the last 12 months, around AED 2,225 per sqft.

Selling 511? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 511, Vera Residences

Starts from the last sale price (AED 742K, 26 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 742,000
Deposit, UAE resident (20%)
AED 148,400
Deposit, non-resident (40%)
AED 296,800
Monthly over 25 years at 3.7%
AED 3,036

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