2-bed · 905 sqftVera Residences, Business Bay · 7th floor · completed 2022

705, 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 October 2024, and rented once, from December 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 705 · DLD and Ejari recordsUpdated 1 October 2024

Last soldAED 1.65M1 October 2024

Current rentAED 85K /yr23 December 2022

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 705, Vera Residences

Today

What is 705 worth today?

Last sold for AED 1,650,000 in 2024

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1 Oct 2024

1 Oct 2024SoldReady

AED 1,650,000AED 1,823 per sqft

23 Dec 2022

23 Dec 2022RentedNew contract

AED 85,000/yr12 months · AED 94 per sqft

20 Feb 2018

20 Feb 2018Sold by developerOff-plan

AED 1,199,000AED 1,325 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type: 2-bed apartment
Size: 905 sqft
Floor: 7th of 28
Parking: P2-036
Developer: DAMAC
Completed: 2022
Service charge: AED 19,900 /yr
Last sold: AED 1.65M · October 2024
Building: Vera Residences

About 705, Vera Residences

705 is a two-bedroom apartment of 905 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 October 2024 for AED 1,650,000, or AED 1,823 per sqft, 7% above the AED 1,696 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 23 December 2022. The current contract, signed on 23 December 2022, is AED 85,000 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 19,900 a year.

Sales and rents for 705 over time

Sales

Unit 705, each saleTypical two-bed in Vera Residences

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

Rents

Unit 705, each contractTypical two-bed in Vera Residences

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 705 sits

All 225 2-beds →

2-beds in Vera Residences · last 12 months1,707 /sqft Vera Residences · all types2,097 /sqft

705 last sold in October 2024 at AED 1,823 per sqft, 7% above what two-beds in Vera Residences were fetching at the time (AED 1,696). 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. 705's AED 85,000 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
29 Oct 202629 October 2026	897 sqft	1,350,000	1,505
14 Sep 202614 September 2026	902 sqft	1,546,373	1,714
26 Aug 202626 August 2026	890 sqft	1,532,772	1,721
16 Jul 202616 July 2026	890 sqft	1,513,848	1,700

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


701	2-bed	900 sqft	AED 1.27MAED 1,267,140 · Apr 2019April 2019
702	2-bed	890 sqft	AED 1.23MAED 1,231,000 · Mar 2018March 2018	105,000 /yr
703	1-bed	513 sqft	AED 920KAED 920,000 · Feb 2024February 2024	60,000 /yr
704	2-bed	908 sqft	AED 1.4MAED 1,400,000 · Jul 2024July 2024	105,000 /yr
706	2-bed	905 sqft	AED 1.19MAED 1,191,000 · Jul 2018July 2018	106,000 /yr
707	2-bed	898 sqft	AED 1.17MAED 1,167,180 · Jul 2018July 2018	110,000 /yr
708	2-bed	899 sqft	AED 1.17MAED 1,167,180 · Sep 2019September 2019	110,000 /yr
709	2-bed	908 sqft	AED 1.18MAED 1,175,020 · Mar 2018March 2018	71,523 /yr
710	1-bed	479 sqft	AED 749KAED 749,000 · Feb 2018February 2018	57,000 /yr
711	1-bed	477 sqft	AED 718KAED 718,000 · Feb 2018February 2018	75,000 /yr
712	1-bed	476 sqft	AED 880KAED 880,000 · May 2023May 2023	80,000 /yr
713	1-bed	475 sqft	AED 721KAED 721,000 · Feb 2018February 2018	78,000 /yr
714	1-bed	479 sqft	AED 794KAED 794,000 · Apr 2018April 2018	76,667 /yr
715	1-bed	478 sqft	AED 756KAED 756,000 · Feb 2018February 2018	85,000 /yr
716	1-bed	475 sqft	AED 746KAED 746,000 · Feb 2018February 2018	62,000 /yr
717	1-bed	474 sqft	AED 746KAED 746,000 · Feb 2018February 2018
718	1-bed	475 sqft	AED 746KAED 746,000 · Feb 2018February 2018	80,000 /yr
719	1-bed	475 sqft	AED 746KAED 746,000 · Feb 2018February 2018	52,000 /yr
720	1-bed	474 sqft	AED 746KAED 746,000 · Feb 2018February 2018
721	2-bed	905 sqft	AED 1.23MAED 1,233,000 · Feb 2018February 2018	105,000 /yr

1–7 of 20

705, Vera Residences in numbers

Sold twice: first on 20 February 2018 for AED 1,199,000, last on 1 October 2024 for AED 1,650,000 (AED 1,823 per sqft).
Rented since December 2022 on one Ejari contract, at AED 85,000 a year.
At AED 85,000 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 19,900 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 October 2024.

Questions about 705, Vera Residences

What did unit 705 last sell for?

AED 1,650,000 on 1 October 2024: AED 1,823 per sqft for 905 sqft. The unit has 2 registered sales; the first was AED 1,199,000 in February 2018.

What is the rent for unit 705?

AED 85,000 a year on the contract signed on 23 December 2022.

How big is unit 705?

905 sqft (84.1 sqm): a two-bedroom apartment on the 7th floor of a 28-storey tower completed in 2022.

What is unit 705 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 705, Vera Residences

Starts from the last sale price (AED 1.65M, 1 October 2024). Switch to today's estimate once you have unlocked it.

Price: AED 1,650,000
Deposit, UAE resident (20%): AED 330,000
Deposit, non-resident (40%): AED 660,000
Monthly over 25 years at 3.7%: AED 6,751

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