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2-bed · 890 sqftVera Residences, Business Bay · 7th floor · completed 2022

702, Vera Residences

Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 1 January 2026
Last soldAED 1.23M7 March 2018
Current rentAED 105K /yr1 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Vera Residences

What is 702 worth today?

Last sold for AED 1,231,000 in 2018

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1 Jan 2026RentedNew contract
AED 105,000/yr12 months · AED 118 per sqft
25 Dec 2024RentedNew contract
AED 100,000/yr12 months · AED 112 per sqft
7 Oct 2023RentedNew contract
AED 98,000/yr12 months · AED 110 per sqft
25 Oct 2022RentedNew contract
AED 80,000/yr12 months · AED 90 per sqft
7 Mar 2018Sold by developerOff-plan
AED 1,231,000AED 1,382 per sqft

Source: Dubai Land Department. Updated 1 January 2026.

Key facts

Type
2-bed apartment
Size
890 sqft
Floor
7th of 28
Parking
P2-034
Developer
DAMAC
Completed
2022
Service charge
AED 19,600 /yr
Last sold
AED 1.23M · March 2018
Building
Vera Residences

About 702, Vera Residences

702 is a two-bedroom apartment of 890 sqft on the 7th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 7 March 2018 for AED 1,231,000, or AED 1,382 per sqft, 4% above the AED 1,335 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 January 2026, is AED 105,000 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 19,600 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical two-bed in Vera Residences
1.2M1.4M1.6M2018202120242027Typical sale price by year: 2018 AED 1,233,000; 2019 AED 1,286,500; 2020 AED 1,200,562; 2021 AED 1,263,000; 2022 AED 1,409,800; 2023 AED 1,450,000; 2024 AED 1,500,000; 2025 AED 1,540,000; 2026 AED 1,539,573Sold by developer, March 2018: AED 1,231,000 (AED 1,382 per sqft)

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

Rents
Unit 702, each contractTypical two-bed in Vera Residences
80K100K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, October 2022: AED 80,000 a yearNew contract, October 2023: AED 98,000 a yearNew contract, December 2024: AED 100,000 a yearNew contract, January 2026: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Vera Residences, and where 702 sits

All 225 2-beds →

702 last sold in March 2018 at AED 1,382 per sqft, 4% above what two-beds in Vera Residences were fetching at the time (AED 1,335). Over the last 12 months two-beds sold for AED 500,000 to 2,118,000, around AED 1,707 per sqft, and rent for AED 45,000 to 140,700 a year. 702's AED 105,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20261,350,000
14 Sep 20261,546,373
26 Aug 20261,532,772
16 Jul 20261,513,848
12 2-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 7th floor

All 522 units in Vera Residences
Value
7012-bedAED 1.27M · Apr 2019
7031-bedAED 920K · Feb 2024
7042-bedAED 1.4M · Jul 2024
7052-bedAED 1.65M · Oct 2024
7062-bedAED 1.19M · Jul 2018
7072-bedAED 1.17M · Jul 2018
7082-bedAED 1.17M · Sep 2019
1–7 of 20

702, Vera Residences in numbers

  • Sold once: by DAMAC on 7 March 2018 for AED 1,231,000, or AED 1,382 per sqft.
  • Rented since October 2022 on 4 Ejari contracts, from AED 80,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2018 price is 8.5%, before a service charge of about AED 19,600 a year (AED 22.04 per sqft).
  • Two-beds in Vera Residences sold for AED 500,000–2,118,000 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 January 2026.

Questions about 702, Vera Residences

What did unit 702 last sell for?

AED 1,231,000 on 7 March 2018, sold by the developer: AED 1,382 per sqft for 890 sqft. It is the only registered sale of the unit.

What is the rent for unit 702?

AED 105,000 a year on the contract signed on 1 January 2026. The previous contract, from December 2024, was AED 100,000; the unit has been rented since October 2022.

How big is unit 702?

890 sqft (82.7 sqm): a two-bedroom apartment on the 7th floor of a 28-storey tower completed in 2022.

What is unit 702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Vera Residences sold for AED 500,000 to 2,118,000 in the last 12 months, around AED 1,707 per sqft.

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Mortgage on 702, Vera Residences

Starts from the last sale price (AED 1.23M, 7 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,231,000
Deposit, UAE resident (20%)
AED 246,200
Deposit, non-resident (40%)
AED 492,400
Monthly over 25 years at 3.7%
AED 5,036

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