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1-bed · 513 sqftVera Residences, Business Bay · 7th floor · completed 2022

703, Vera Residences

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 5 September 2026
Last soldAED 920K1 February 2024
Current rentAED 60K /yr5 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 703, Vera Residences

What is 703 worth today?

Last sold for AED 920,000 in 2024

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5 Sep 2026RentedNew contract
AED 60,000/yr12 months · AED 116 per sqft
22 Apr 2026RentedRenewal
AED 64,900/yr3 months · AED 126 per sqft
22 Apr 2025RentedNew contract
AED 78,000/yr12 months · AED 151 per sqft
22 Apr 2024RentedNew contract
AED 78,000/yr12 months · AED 152 per sqft
1 Feb 2024SoldReady
AED 920,000AED 1,794 per sqft
4 Mar 2022Sold by developerOff-plan
AED 933,450AED 1,973 per sqft

Source: Dubai Land Department. Updated 5 September 2026.

Key facts

Type
1-bed apartment
Size
513 sqft
Floor
7th of 28
Parking
B-032
Developer
DAMAC
Completed
2022
Service charge
AED 11,300 /yr
Last sold
AED 920K · February 2024
Building
Vera Residences

About 703, Vera Residences

703 is a one-bedroom apartment of 513 sqft on the 7th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 1 February 2024 for AED 920,000, or AED 1,794 per sqft, 6% below the AED 1,901 one-beds in the building were fetching at the time.

It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, signed on 5 September 2026, is AED 60,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 11,300 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical one-bed in Vera Residences
500K750K1M2018202120242027Typical sale price by year: 2018 AED 753,000; 2019 AED 741,560; 2021 AED 590,000; 2022 AED 829,500; 2023 AED 900,000; 2024 AED 1,072,500; 2025 AED 1,100,000; 2026 AED 1,100,000Sold by developer, March 2022: AED 933,450 (AED 1,973 per sqft)Sold, February 2024: AED 920,000 (AED 1,794 per sqft)

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

Rents
Unit 703, each contractTypical one-bed in Vera Residences
60K70K80K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 67,000New contract, April 2024: AED 78,000 a yearNew contract, April 2025: AED 78,000 a yearRenewal, April 2026: AED 64,900 a yearNew contract, September 2026: AED 60,000 a year

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 703 sits

All 293 1-beds →

703 last sold in February 2024 at AED 1,794 per sqft, 6% below what one-beds in Vera Residences were fetching at the time (AED 1,901). 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. 703's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Oct 2026940,000
16 Oct 20261,000,000
19 Aug 20261,254,000
18 Aug 20261,141,000
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 7th floor

All 522 units in Vera Residences
Value
7012-bedAED 1.27M · Apr 2019
7022-bedAED 1.23M · Mar 2018
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

703, Vera Residences in numbers

  • Sold twice: first on 4 March 2022 for AED 933,450, last on 1 February 2024 for AED 920,000 (AED 1,794 per sqft).
  • Rented since April 2024 on 4 Ejari contracts, from AED 78,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 11,300 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 5 September 2026.

Questions about 703, Vera Residences

What did unit 703 last sell for?

AED 920,000 on 1 February 2024: AED 1,794 per sqft for 513 sqft. The unit has 2 registered sales; the first was AED 933,450 in March 2022.

What is the rent for unit 703?

AED 60,000 a year on the contract signed on 5 September 2026. The previous contract, from April 2026, was AED 64,900; the unit has been rented since April 2024.

How big is unit 703?

513 sqft (47.7 sqm): a one-bedroom apartment on the 7th floor of a 28-storey tower completed in 2022.

What is unit 703 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 703, Vera Residences

Starts from the last sale price (AED 920K, 1 February 2024). 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 →