1-bed · 475 sqftVera Residences, Business Bay · 7th floor · completed 2022

716, 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 February 2018, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 716 · DLD and Ejari recordsUpdated 15 September 2026

Last soldAED 746K7 February 2018

Current rentAED 62K /yr15 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 716, Vera Residences

Today

What is 716 worth today?

Last sold for AED 746,000 in 2018

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15 Sep 2026

15 Sep 2026RentedNew contract

AED 62,000/yr12 months · AED 131 per sqft

1 Feb 2026

1 Feb 2026RentedNew contract

AED 80,000/yr12 months · AED 169 per sqft

14 Oct 2024

14 Oct 2024RentedNew contract

AED 78,000/yr12 months · AED 165 per sqft

10 Mar 2023

10 Mar 2023RentedNew contract

AED 70,000/yr13 months · AED 147 per sqft

7 Feb 2018

7 Feb 2018Sold by developerOff-plan

AED 746,000AED 1,571 per sqft

Source: Dubai Land Department. Updated 15 September 2026.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 7th of 28
Parking: B-039
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 746K · February 2018
Building: Vera Residences

About 716, Vera Residences

716 is a one-bedroom apartment of 475 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 February 2018 for AED 746,000, or AED 1,571 per sqft, in line with the AED 1,563 one-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 15 September 2026, is AED 62,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 716 over time

Sales

Unit 716, each saleTypical one-bed in Vera Residences

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

Rents

Unit 716, 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 716 sits

All 293 1-beds →

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

716 last sold in February 2018 at AED 1,571 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,563). 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. 716's AED 62,000 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
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
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

716, Vera Residences in numbers

Sold once: by DAMAC on 7 February 2018 for AED 746,000, or AED 1,571 per sqft.
Rented since March 2023 on 4 Ejari contracts, from AED 70,000 to AED 62,000 a year.
At AED 62,000 a year the gross yield on the 2018 price is 8.3%, before a service charge of about AED 10,500 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 15 September 2026.

Questions about 716, Vera Residences

What did unit 716 last sell for?

AED 746,000 on 7 February 2018, sold by the developer: AED 1,571 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 716?

AED 62,000 a year on the contract signed on 15 September 2026. The previous contract, from February 2026, was AED 80,000; the unit has been rented since March 2023.

How big is unit 716?

475 sqft (44.1 sqm): a one-bedroom apartment on the 7th floor of a 28-storey tower completed in 2022.

What is unit 716 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 716, Vera Residences

Starts from the last sale price (AED 746K, 7 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 746,000
Deposit, UAE resident (20%): AED 149,200
Deposit, non-resident (40%): AED 298,400
Monthly over 25 years at 3.7%: AED 3,052

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