1-bed · 479 sqftVera Residences, Business Bay · 7th floor · completed 2022

714, 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 once, by the developer in April 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 714 · DLD and Ejari recordsUpdated 5 November 2024

Last soldAED 794K30 April 2018

Current rentAED 77K /yr5 November 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 714, Vera Residences

Today

What is 714 worth today?

Last sold for AED 794,000 in 2018

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5 Nov 2024

5 Nov 2024RentedNew contract

AED 76,667/yr36 months · AED 158 per sqft

7 Sep 2023

7 Sep 2023RentedRenewal

AED 70,000/yr12 months · AED 145 per sqft

7 Sep 2022

7 Sep 2022RentedNew contract

AED 65,000/yr12 months · AED 134 per sqft

30 Apr 2018

30 Apr 2018Sold by developerOff-plan

AED 794,000AED 1,657 per sqft

Source: Dubai Land Department. Updated 5 November 2024.

Key facts

Type: 1-bed apartment
Size: 479 sqft
Floor: 7th of 28
Parking: B-037
Developer: DAMAC
Completed: 2022
Service charge: AED 10,600 /yr
Last sold: AED 794K · April 2018
Building: Vera Residences

About 714, Vera Residences

714 is a one-bedroom apartment of 479 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 April 2018 for AED 794,000, or AED 1,657 per sqft, 5% above the AED 1,578 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 5 November 2024, is AED 76,667 a year: a gross yield of 9.7% on the 2018 price, before the service charge of about AED 10,600 a year.

Sales and rents for 714 over time

Sales

Unit 714, each saleTypical one-bed in Vera Residences

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

Rents

Unit 714, 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 714 sits

All 293 1-beds →

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

714 last sold in April 2018 at AED 1,657 per sqft, 5% above what one-beds in Vera Residences were fetching at the time (AED 1,578). 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. 714's AED 76,667 is in the lower half of that range.

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 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
705	2-bed	905 sqft	AED 1.65MAED 1,650,000 · Oct 2024October 2024	85,000 /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
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

714, Vera Residences in numbers

Sold once: by DAMAC on 30 April 2018 for AED 794,000, or AED 1,657 per sqft.
Rented since September 2022 on 3 Ejari contracts, from AED 65,000 to AED 76,667 a year.
At AED 76,667 a year the gross yield on the 2018 price is 9.7%, before a service charge of about AED 10,600 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 November 2024.

Questions about 714, Vera Residences

What did unit 714 last sell for?

AED 794,000 on 30 April 2018, sold by the developer: AED 1,657 per sqft for 479 sqft. It is the only registered sale of the unit.

What is the rent for unit 714?

AED 76,667 a year on the contract signed on 5 November 2024. The previous contract, from September 2023, was AED 70,000; the unit has been rented since September 2022.

How big is unit 714?

479 sqft (44.5 sqm): a one-bedroom apartment on the 7th floor of a 28-storey tower completed in 2022.

What is unit 714 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 714, Vera Residences

Starts from the last sale price (AED 794K, 30 April 2018). Switch to today's estimate once you have unlocked it.

Price: AED 794,000
Deposit, UAE resident (20%): AED 158,800
Deposit, non-resident (40%): AED 317,600
Monthly over 25 years at 3.7%: AED 3,249

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