1-bed · 485 sqftVera Residences, Business Bay · 6th floor · completed 2022

613, 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 twice, last in July 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 613 · DLD and Ejari recordsUpdated 14 September 2023

Last soldAED 1.05M20 July 2023

Current rentAED 52K /yr14 September 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 613, Vera Residences

Today

What is 613 worth today?

Last sold for AED 1,050,000 in 2023

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14 Sep 2023

14 Sep 2023RentedNew contract

AED 51,889/yr11 months · AED 107 per sqft

20 Jul 2023

20 Jul 2023SoldReady

AED 1,050,000AED 2,164 per sqft

15 Sep 2022

15 Sep 2022RentedNew contract

AED 52,000/yr12 months · AED 107 per sqft

1 May 2018

1 May 2018Sold by developerOff-plan

AED 776,000AED 1,635 per sqft

Source: Dubai Land Department. Updated 14 September 2023.

Key facts

Type: 1-bed apartment
Size: 485 sqft
Floor: 6th of 28
Parking: B-024
Developer: DAMAC
Completed: 2022
Service charge: AED 10,700 /yr
Last sold: AED 1.05M · July 2023
Building: Vera Residences

About 613, Vera Residences

613 is a one-bedroom apartment of 485 sqft on the 6th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 20 July 2023 for AED 1,050,000, or AED 2,164 per sqft, 24% above the AED 1,744 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 14 September 2023, is AED 51,889 a year: a gross yield of 4.9% on the 2023 price, before the service charge of about AED 10,700 a year.

Sales and rents for 613 over time

Sales

Unit 613, each saleTypical one-bed in Vera Residences

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

Rents

Unit 613, 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 613 sits

All 293 1-beds →

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

613 last sold in July 2023 at AED 2,164 per sqft, 24% above what one-beds in Vera Residences were fetching at the time (AED 1,744). 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. 613's AED 51,889 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 6th floor

All 522 units in Vera Residences


601	2-bed	900 sqft	AED 1.28MAED 1,280,070 · Dec 2018December 2018
602	2-bed	890 sqft	AED 1.6MAED 1,600,000 · Sep 2023September 2023	90,000 /yr
603	1-bed	473 sqft	AED 796KAED 796,000 · Apr 2018April 2018	90,000 /yr
604	2-bed	908 sqft	AED 1.31MAED 1,310,000 · May 2018May 2018	105,000 /yr
605	2-bed	905 sqft	AED 1.27MAED 1,268,000 · Apr 2019April 2019	100,000 /yr
606	2-bed	905 sqft	AED 1.27MAED 1,267,000 · May 2018May 2018	88,000 /yr
607	2-bed	898 sqft	AED 1.26MAED 1,261,000 · May 2018May 2018	100,000 /yr
608	2-bed	899 sqft	AED 1.26MAED 1,260,000 · Aug 2018August 2018	100,000 /yr
609	2-bed	908 sqft	AED 1.28MAED 1,277,000 · Jul 2018July 2018
610	1-bed	479 sqft	AED 749KAED 749,000 · Mar 2018March 2018	57,845 /yr
611	1-bed	477 sqft	AED 795KAED 795,319 · Jun 2022June 2022	57,000 /yr
612	1-bed	476 sqft	AED 776KAED 776,000 · May 2018May 2018	75,000 /yr
614	1-bed	485 sqft	AED 816KAED 816,000 · Jul 2022July 2022	71,667 /yr
615	1-bed	478 sqft	AED 1.08MAED 1,080,000 · Oct 2025October 2025	85,800 /yr
616	1-bed	475 sqft	AED 794KAED 794,000 · Oct 2018October 2018	75,000 /yr
617	1-bed	474 sqft	AED 786KAED 786,060 · Jul 2018July 2018	80,000 /yr
618	1-bed	475 sqft	AED 920KAED 920,000 · Aug 2023August 2023
619	1-bed	243 sqft	AED 770KAED 770,000 · Feb 2018February 2018	59,000 /yr
620	1-bed	474 sqft	AED 770KAED 770,000 · Feb 2018February 2018	58,000 /yr
621	2-bed	905 sqft	AED 1.3MAED 1,304,000 · Apr 2018April 2018	120,000 /yr

1–7 of 20

613, Vera Residences in numbers

Sold twice: first on 1 May 2018 for AED 776,000, last on 20 July 2023 for AED 1,050,000 (AED 2,164 per sqft).
Rented since September 2022 on 2 Ejari contracts, from AED 52,000 to AED 51,889 a year.
At AED 51,889 a year the gross yield on the 2023 price is 4.9%, before a service charge of about AED 10,700 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 14 September 2023.

Questions about 613, Vera Residences

What did unit 613 last sell for?

AED 1,050,000 on 20 July 2023: AED 2,164 per sqft for 485 sqft. The unit has 2 registered sales; the first was AED 776,000 in May 2018.

What is the rent for unit 613?

AED 51,889 a year on the contract signed on 14 September 2023. The previous contract, from September 2022, was AED 52,000.

How big is unit 613?

485 sqft (45.1 sqm): a one-bedroom apartment on the 6th floor of a 28-storey tower completed in 2022.

What is unit 613 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 613, Vera Residences

Starts from the last sale price (AED 1.05M, 20 July 2023). Switch to today's estimate once you have unlocked it.

Price: AED 1,050,000
Deposit, UAE resident (20%): AED 210,000
Deposit, non-resident (40%): AED 420,000
Monthly over 25 years at 3.7%: AED 4,296

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