614, Vera Residences
Sold prices and rental history: sold once, by the developer in July 2022, and rented once, from May 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 614, Vera Residences
What is 614 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 485 sqft
- Floor
- 6th of 28
- Parking
- B-025
- Developer
- DAMAC
- Completed
- 2022
- Service charge
- AED 10,700 /yr
- Last sold
- AED 816K · July 2022
- Building
- Vera Residences
About 614, Vera Residences
614 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. The developer sold it on 22 July 2022 for AED 816,000, or AED 1,683 per sqft, 8% below the AED 1,823 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 May 2024. The current contract, signed on 1 May 2024, is AED 71,667 a year: a gross yield of 8.8% on the 2022 price, before the service charge of about AED 10,700 a year.
Sales and rents for 614 over time
614 has sold once; the dashed line is the one-bed median of each year in the building.
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 614 sits
All 293 1-beds →614 last sold in July 2022 at AED 1,683 per sqft, 8% below what one-beds in Vera Residences were fetching at the time (AED 1,823). 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. 614's AED 71,667 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 6th floor
All 522 units in Vera Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | |
| 613 | 1-bed | 485 sqft | AED 1.05MAED 1,050,000 · Jul 2023July 2023 | 51,889 /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 |
614, Vera Residences in numbers
- Sold once: by DAMAC on 22 July 2022 for AED 816,000, or AED 1,683 per sqft.
- Rented since May 2024 on one Ejari contract, at AED 71,667 a year.
- At AED 71,667 a year the gross yield on the 2022 price is 8.8%, 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 1 May 2024.
Questions about 614, Vera Residences
What did unit 614 last sell for?
AED 816,000 on 22 July 2022, sold by the developer: AED 1,683 per sqft for 485 sqft. It is the only registered sale of the unit.
What is the rent for unit 614?
AED 71,667 a year on the contract signed on 1 May 2024.
How big is unit 614?
485 sqft (45.1 sqm): a one-bedroom apartment on the 6th floor of a 28-storey tower completed in 2022.
What is unit 614 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 614, Vera Residences
Starts from the last sale price (AED 816K, 22 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 816,000
- Deposit, UAE resident (20%)
- AED 163,200
- Deposit, non-resident (40%)
- AED 326,400
- Monthly over 25 years at 3.7%
- AED 3,339
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →