517, Vera Residences
Sold prices and rental history: sold once, by the developer in May 2019, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 517, Vera Residences
What is 517 worth today?
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Source: Dubai Land Department. Updated 25 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 318 sqft
- Floor
- 5th of 28
- Parking
- B-001
- Developer
- DAMAC
- Completed
- 2022
- Service charge
- AED 7,000 /yr
- Last sold
- AED 611K · May 2019
- Building
- Vera Residences
About 517, Vera Residences
517 is a studio of 318 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 20 May 2019 for AED 611,000, or AED 1,919 per sqft, in line with the AED 1,942 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 25 September 2025, is AED 65,000 a year: a gross yield of 10.6% on the 2019 price, before the service charge of about AED 7,000 a year.
Sales and rents for 517 over time
517 has sold once; the dashed line is the studio median of each year in the building.
Studios in Vera Residences, and where 517 sits
All 4 studios →517 last sold in May 2019 at AED 1,919 per sqft, in line with what studios in Vera Residences were fetching at the time (AED 1,942).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jul 202530 July 2025 | 358 sqft | 750,000 | 2,094 | ||
| 4 Mar 20254 March 2025 | 353 sqft | 800,000 | 2,264 | ||
| 13 Feb 202513 February 2025 | 354 sqft | 870,000 | 2,455 | ||
| 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 | |
| 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 | ||
| 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 |
517, Vera Residences in numbers
- Sold once: by DAMAC on 20 May 2019 for AED 611,000, or AED 1,919 per sqft.
- Rented since June 2025 on 2 Ejari contracts, from AED 60,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2019 price is 10.6%, before a service charge of about AED 7,000 a year (AED 22.04 per sqft).
Source: Dubai Land Department. Updated 25 September 2025.
Questions about 517, Vera Residences
What did unit 517 last sell for?
AED 611,000 on 20 May 2019, sold by the developer: AED 1,919 per sqft for 318 sqft. It is the only registered sale of the unit.
What is the rent for unit 517?
AED 65,000 a year on the contract signed on 25 September 2025. The previous contract, from June 2025, was AED 60,000.
How big is unit 517?
318 sqft (29.5 sqm): a studio on the 5th floor of a 28-storey tower completed in 2022.
What is unit 517 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 517, Vera Residences
Starts from the last sale price (AED 611K, 20 May 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 611,000
- Deposit, UAE resident (20%)
- AED 122,200
- Deposit, non-resident (40%)
- AED 244,400
- Monthly over 25 years at 3.7%
- AED 2,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →