1-bed · 476 sqftVera Residences, Business Bay · 5th floor · completed 2022

512, 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 February 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 512 · DLD and Ejari recordsUpdated 26 January 2025

Last soldAED 740K26 February 2018

Current rentAED 70K /yr26 January 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 512, Vera Residences

Today

What is 512 worth today?

Last sold for AED 740,000 in 2018

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26 Jan 2025

26 Jan 2025RentedNew contract

AED 70,000/yr24 months · AED 147 per sqft

2 Apr 2023

2 Apr 2023RentedNew contract

AED 65,000/yr12 months · AED 137 per sqft

26 Feb 2018

26 Feb 2018Sold by developerOff-plan

AED 740,000AED 1,554 per sqft

Source: Dubai Land Department. Updated 26 January 2025.

Key facts

Type: 1-bed apartment
Size: 476 sqft
Floor: 5th of 28
Parking: B-014
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 740K · February 2018
Building: Vera Residences

About 512, Vera Residences

512 is a one-bedroom apartment of 476 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 740,000, 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 since 2023 on 2 Ejari contracts. The current contract, signed on 26 January 2025, is AED 70,000 a year: a gross yield of 9.5% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 512 over time

Sales

Unit 512, each saleTypical one-bed in Vera Residences

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

Rents

Unit 512, each contractTypical one-bed in Vera Residences

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 512 sits

All 293 1-beds →

1-beds in Vera Residences · last 12 months2,225 /sqft Vera Residences · all types2,097 /sqft

512 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. 512's AED 70,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
19 Oct 202619 October 2026	475 sqft	940,000	1,979
16 Oct 202616 October 2026	474 sqft	1,000,000	2,107
19 Aug 202619 August 2026	513 sqft	1,254,000	2,445
18 Aug 202618 August 2026	513 sqft	1,141,000	2,225

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


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
506	2-bed	900 sqft	AED 1.26MAED 1,261,000 · Oct 2018October 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
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

512, Vera Residences in numbers

Sold once: by DAMAC on 26 February 2018 for AED 740,000, or AED 1,554 per sqft.
Rented since April 2023 on 2 Ejari contracts, from AED 65,000 to AED 70,000 a year.
At AED 70,000 a year the gross yield on the 2018 price is 9.5%, 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 26 January 2025.

Questions about 512, Vera Residences

What did unit 512 last sell for?

AED 740,000 on 26 February 2018, sold by the developer: AED 1,554 per sqft for 476 sqft. It is the only registered sale of the unit.

What is the rent for unit 512?

AED 70,000 a year on the contract signed on 26 January 2025. The previous contract, from April 2023, was AED 65,000.

How big is unit 512?

476 sqft (44.2 sqm): a one-bedroom apartment on the 5th floor of a 28-storey tower completed in 2022.

What is unit 512 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.

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Mortgage on 512, Vera Residences

Starts from the last sale price (AED 740K, 26 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 740,000
Deposit, UAE resident (20%): AED 148,000
Deposit, non-resident (40%): AED 296,000
Monthly over 25 years at 3.7%: AED 3,028

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