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

721, Vera Residences

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

Unit 721 · DLD and Ejari recordsUpdated 1 September 2025
Last soldAED 1.23M26 February 2018
Current rentAED 105K /yr1 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 721, Vera Residences

What is 721 worth today?

Last sold for AED 1,233,000 in 2018

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1 Sep 2025RentedNew contract
AED 105,000/yr12 months · AED 116 per sqft
1 Apr 2024RentedNew contract
AED 96,000/yr12 months · AED 106 per sqft
1 Feb 2023RentedNew contract
AED 83,000/yr12 months · AED 92 per sqft
1 Nov 2022RentedNew contract
AED 90,000/yr12 months · AED 100 per sqft
26 Feb 2018Sold by developerOff-plan
AED 1,233,000AED 1,362 per sqft

Source: Dubai Land Department. Updated 1 September 2025.

Key facts

Type
2-bed apartment
Size
905 sqft
Floor
7th of 28
Parking
P2-041
Developer
DAMAC
Completed
2022
Service charge
AED 19,900 /yr
Last sold
AED 1.23M · February 2018
Building
Vera Residences

About 721, Vera Residences

721 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 26 February 2018 for AED 1,233,000, or AED 1,362 per sqft, in line with the AED 1,332 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 September 2025, is AED 105,000 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 19,900 a year.

Sales and rents for 721 over time

Sales
Unit 721, 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, February 2018: AED 1,233,000 (AED 1,362 per sqft)

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

Rents
Unit 721, each contractTypical two-bed in Vera Residences
80K100K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, November 2022: AED 90,000 a yearNew contract, February 2023: AED 83,000 a yearNew contract, April 2024: AED 96,000 a yearNew contract, September 2025: AED 105,000 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 721 sits

All 225 2-beds →

721 last sold in February 2018 at AED 1,362 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,332). 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. 721's AED 105,000 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
7062-bedAED 1.19M · Jul 2018
7072-bedAED 1.17M · Jul 2018
1–7 of 20

721, Vera Residences in numbers

  • Sold once: by DAMAC on 26 February 2018 for AED 1,233,000, or AED 1,362 per sqft.
  • Rented since November 2022 on 4 Ejari contracts, from AED 90,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2018 price is 8.5%, 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 September 2025.

Questions about 721, Vera Residences

What did unit 721 last sell for?

AED 1,233,000 on 26 February 2018, sold by the developer: AED 1,362 per sqft for 905 sqft. It is the only registered sale of the unit.

What is the rent for unit 721?

AED 105,000 a year on the contract signed on 1 September 2025. The previous contract, from April 2024, was AED 96,000; the unit has been rented since November 2022.

How big is unit 721?

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

What is unit 721 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 721, Vera Residences

Starts from the last sale price (AED 1.23M, 26 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,233,000
Deposit, UAE resident (20%)
AED 246,600
Deposit, non-resident (40%)
AED 493,200
Monthly over 25 years at 3.7%
AED 5,045

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