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

706, Vera Residences

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

Unit 706 · DLD and Ejari recordsUpdated 7 August 2025
Last soldAED 1.19M30 July 2018
Current rentAED 106K /yr7 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 706, Vera Residences

What is 706 worth today?

Last sold for AED 1,191,000 in 2018

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7 Aug 2025RentedRenewal
AED 106,000/yr12 months · AED 117 per sqft
7 Aug 2024RentedRenewal
AED 123,000/yr12 months · AED 136 per sqft
7 Aug 2023RentedRenewal
AED 118,000/yr12 months · AED 131 per sqft
7 Aug 2022RentedNew contract
AED 110,000/yr12 months · AED 122 per sqft
30 Jul 2018Sold by developerOff-plan
AED 1,191,000AED 1,316 per sqft

Source: Dubai Land Department. Updated 7 August 2025.

Key facts

Type
2-bed apartment
Size
905 sqft
Floor
7th of 28
Parking
P2-037
Developer
DAMAC
Completed
2022
Service charge
AED 19,900 /yr
Last sold
AED 1.19M · July 2018
Building
Vera Residences

About 706, Vera Residences

706 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. The developer sold it on 30 July 2018 for AED 1,191,000, or AED 1,316 per sqft, 3% below the AED 1,359 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 7 August 2025, is AED 106,000 a year: a gross yield of 8.9% on the 2018 price, before the service charge of about AED 19,900 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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, July 2018: AED 1,191,000 (AED 1,316 per sqft)

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

Rents
Unit 706, each contractTypical two-bed in Vera Residences
100K120K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, August 2022: AED 110,000 a yearRenewal, August 2023: AED 118,000 a yearRenewal, August 2024: AED 123,000 a yearRenewal, August 2025: AED 106,000 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 706 sits

All 225 2-beds →

706 last sold in July 2018 at AED 1,316 per sqft, 3% below what two-beds in Vera Residences were fetching at the time (AED 1,359). 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. 706's AED 106,000 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
7022-bedAED 1.23M · Mar 2018
7031-bedAED 920K · Feb 2024
7042-bedAED 1.4M · Jul 2024
7052-bedAED 1.65M · Oct 2024
7072-bedAED 1.17M · Jul 2018
7082-bedAED 1.17M · Sep 2019
1–7 of 20

706, Vera Residences in numbers

  • Sold once: by DAMAC on 30 July 2018 for AED 1,191,000, or AED 1,316 per sqft.
  • Rented since August 2022 on 4 Ejari contracts, from AED 110,000 to AED 106,000 a year.
  • At AED 106,000 a year the gross yield on the 2018 price is 8.9%, 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 7 August 2025.

Questions about 706, Vera Residences

What did unit 706 last sell for?

AED 1,191,000 on 30 July 2018, sold by the developer: AED 1,316 per sqft for 905 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 106,000 a year on the contract renewed on 7 August 2025. The previous contract, from August 2024, was AED 123,000; the unit has been rented since August 2022.

How big is unit 706?

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

What is unit 706 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 706, Vera Residences

Starts from the last sale price (AED 1.19M, 30 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,191,000
Deposit, UAE resident (20%)
AED 238,200
Deposit, non-resident (40%)
AED 476,400
Monthly over 25 years at 3.7%
AED 4,873

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