515, Vera Residences
Sold prices and rental history: sold twice, last in July 2025, and rented once, from September 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Vera Residences
What is 515 worth today?
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Source: Dubai Land Department. Updated 30 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 358 sqft
- Floor
- 5th of 28
- Parking
- B-006
- Developer
- DAMAC
- Completed
- 2022
- Service charge
- AED 7,900 /yr
- Last sold
- AED 750K · July 2025
- Building
- Vera Residences
About 515, Vera Residences
515 is a studio of 358 sqft on the 5th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 30 July 2025 for AED 750,000, or AED 2,094 per sqft, 8% below the AED 2,264 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 September 2024. The current contract, signed on 1 September 2024, is AED 60,000 a year: a gross yield of 8.0% on the 2025 price, before the service charge of about AED 7,900 a year.
Sales and rents for 515 over time
515 has sold twice; the dashed line is the studio median of each year in the building.
Studios in Vera Residences, and where 515 sits
All 4 studios →515 last sold in July 2025 at AED 2,094 per sqft, 8% below what studios in Vera Residences were fetching at the time (AED 2,264).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Mar 20254 March 2025 | 353 sqft | 800,000 | 2,264 | ||
| 13 Feb 202513 February 2025 | 354 sqft | 870,000 | 2,455 | ||
| 20 May 201920 May 2019 | 318 sqft | 611,000 | 1,919 | ||
| 11 Sep 201811 September 2018 | 318 sqft | 629,000 | 1,976 |
Vera Residences
Building522 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%
Other units on the 5th floor
All 522 units in Vera Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | |
| 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 | |
| 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 |
515, Vera Residences in numbers
- Sold twice: first on 10 September 2018 for AED 620,000, last on 30 July 2025 for AED 750,000 (AED 2,094 per sqft).
- Rented since September 2024 on one Ejari contract, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2025 price is 8.0%, before a service charge of about AED 7,900 a year (AED 22.04 per sqft).
Source: Dubai Land Department. Updated 30 July 2025.
Questions about 515, Vera Residences
What did unit 515 last sell for?
AED 750,000 on 30 July 2025: AED 2,094 per sqft for 358 sqft. The unit has 2 registered sales; the first was AED 620,000 in September 2018.
What is the rent for unit 515?
AED 60,000 a year on the contract signed on 1 September 2024.
How big is unit 515?
358 sqft (33.3 sqm): a studio on the 5th floor of a 28-storey tower completed in 2022.
What is unit 515 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 515, Vera Residences
Starts from the last sale price (AED 750K, 30 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →