1-bed · 475 sqftVera Residences, Business Bay · 6th floor · completed 2022

616, 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 October 2018, 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 616 · DLD and Ejari recordsUpdated 1 September 2025

Last soldAED 794K4 October 2018

Current rentAED 75K /yr1 September 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 616, Vera Residences

Today

What is 616 worth today?

Last sold for AED 794,000 in 2018

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1 Sep 2025

1 Sep 2025RentedNew contract

AED 75,000/yr12 months · AED 158 per sqft

1 Sep 2024

1 Sep 2024RentedNew contract

AED 70,000/yr12 months · AED 147 per sqft

22 Dec 2022

22 Dec 2022RentedNew contract

AED 70,000/yr12 months · AED 147 per sqft

4 Oct 2018

4 Oct 2018Sold by developerOff-plan

AED 794,000AED 1,672 per sqft

Source: Dubai Land Department. Updated 1 September 2025.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 6th of 28
Parking: B-027
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 794K · October 2018
Building: Vera Residences

About 616, Vera Residences

616 is a one-bedroom apartment of 475 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 4 October 2018 for AED 794,000, or AED 1,672 per sqft, 6% above the AED 1,583 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 September 2025, is AED 75,000 a year: a gross yield of 9.4% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 616 over time

Sales

Unit 616, each saleTypical one-bed in Vera Residences

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

Rents

Unit 616, 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 616 sits

All 293 1-beds →

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

616 last sold in October 2018 at AED 1,672 per sqft, 6% above what one-beds in Vera Residences were fetching at the time (AED 1,583). 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. 616's AED 75,000 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 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
613	1-bed	485 sqft	AED 1.05MAED 1,050,000 · Jul 2023July 2023	51,889 /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
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

616, Vera Residences in numbers

Sold once: by DAMAC on 4 October 2018 for AED 794,000, or AED 1,672 per sqft.
Rented since December 2022 on 3 Ejari contracts, from AED 70,000 to AED 75,000 a year.
At AED 75,000 a year the gross yield on the 2018 price is 9.4%, 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 1 September 2025.

Questions about 616, Vera Residences

What did unit 616 last sell for?

AED 794,000 on 4 October 2018, sold by the developer: AED 1,672 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 616?

AED 75,000 a year on the contract signed on 1 September 2025. The previous contract, from September 2024, was AED 70,000; the unit has been rented since December 2022.

How big is unit 616?

475 sqft (44.1 sqm): a one-bedroom apartment on the 6th floor of a 28-storey tower completed in 2022.

What is unit 616 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 616, Vera Residences

Starts from the last sale price (AED 794K, 4 October 2018). Switch to today's estimate once you have unlocked it.

Price: AED 794,000
Deposit, UAE resident (20%): AED 158,800
Deposit, non-resident (40%): AED 317,600
Monthly over 25 years at 3.7%: AED 3,249

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