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

618, 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 August 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 618 · DLD and Ejari recordsUpdated 28 August 2023

Last soldAED 920K28 August 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 618, Vera Residences

Today

What is 618 worth today?

Last sold for AED 920,000 in 2023

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28 Aug 2023

28 Aug 2023SoldReady

AED 920,000AED 1,937 per sqft

28 Feb 2018

28 Feb 2018Sold by developerOff-plan

AED 770,000AED 1,621 per sqft

Source: Dubai Land Department. Updated 28 August 2023.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 6th of 28
Parking: B-029
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 920K · August 2023
Building: Vera Residences

About 618, Vera Residences

618 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. It last sold on 28 August 2023 for AED 920,000, or AED 1,937 per sqft, 10% above the AED 1,755 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 618 over time

Sales

Unit 618, each saleTypical one-bed in Vera Residences

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

Rents

Unit 618, 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 618 sits

All 293 1-beds →

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

618 last sold in August 2023 at AED 1,937 per sqft, 10% above what one-beds in Vera Residences were fetching at the time (AED 1,755). 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.

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
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
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

618, Vera Residences in numbers

Sold twice: first on 28 February 2018 for AED 770,000, last on 28 August 2023 for AED 920,000 (AED 1,937 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 28 August 2023.

Questions about 618, Vera Residences

What did unit 618 last sell for?

AED 920,000 on 28 August 2023: AED 1,937 per sqft for 475 sqft. The unit has 2 registered sales; the first was AED 770,000 in February 2018.

How big is unit 618?

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

What is unit 618 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 618, Vera Residences

Starts from the last sale price (AED 920K, 28 August 2023). Switch to today's estimate once you have unlocked it.

Price: AED 920,000
Deposit, UAE resident (20%): AED 184,000
Deposit, non-resident (40%): AED 368,000
Monthly over 25 years at 3.7%: AED 3,764

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