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BuildingBusiness Bay · DAMAC · 2022

Vera Residences

Studios to two-beds in Business Bay. 5 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 28 February 2026
Typical price per sqftAED 1,6685 sales
Typical saleAED 1.45M5 sales
Typical rentAED 85K /yrAED 151 per sqft
Typical yield9.0%AED 22.04/sqft charge
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About Vera Residences

Vera Residences is a contemporary residential tower in Business Bay, set along Marasi Drive near the Dubai Canal and a short hop from Downtown Dubai. Completed in 2022, the building rises 29 storeys and is positioned for city and canal views, including sightlines toward the Burj Khalifa from select apartments. Homes here are predominantly studio, one- and two-bedroom apartments with efficient open layouts, floor‑to‑ceiling windows and balconies in many units. The overall specification is modern, with fitted kitchens and built‑in storage typical across listings. Lifestyle facilities include a temperature‑controlled swimming pool, a well‑equipped gym, steam and sauna rooms, landscaped outdoor areas and an open courtyard. A children’s play area and barbecue spaces are also advertised in the community, and there is covered parking, 24‑hour security and a supermarket at ground level for daily needs. The tower’s location supports an urban, walkable lifestyle with quick access to the canal promenade and a range of nearby cafés and retail. By road, residents connect easily to Sheikh Zayed Road, while Downtown Dubai and The Dubai Mall are within a short drive. Public transport options serve the wider Business Bay district, offering additional connectivity across the city. Overall, Vera Residences suits professionals and small families seeking a central address with on‑site leisure amenities and convenient access to key business and leisure hubs. Apartment mix, completion date, building height and amenities are as described above.

522 apartments over 28 floors: 4 studios of 318 to 358 sqft, 283 one-beds of 237 to 608 sqft and 218 two-beds of 475 to 1,043 sqft. The service charge is AED 22.04 per sqft a year.

5 apartments sold in the 12 months to February 2026, at a median of AED 1,668 per sqft. Most of the trading is in two-beds: 3 of the 5 sales, at AED 1,450,000 to 1,500,000. 101 rental contracts were registered over the same 12 months, at a typical AED 85,000 a year.

Developer
DAMAC
Completed
2022
Floors
28
Units
522
Unit types
Studio to 2-bed

Business Bay, Dubai

Average prices in Vera Residences

In Vera Residences, typical sale prices over the last 12 months were around AED 1,130,000 for one-beds and AED 1,500,000 for two-beds.

Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.

Price history in Vera Residences

1,6001,8002,0002,200May 2026Nov 20262025-11-24: AED 2,527, 1-bed, 475 sqft2025-11-24: AED 1,657, 2-bed, 905 sqft2025-12-10: AED 1,668, 2-bed, 899 sqft2025-12-18: AED 2,164, 1-bed, 485 sqft2026-01-27: AED 1,608, 2-bed, 902 sqftTrend: AED 2,065 to AED 1,634

Every registered sale in the last 12 months; the dashed line is the trend within those 12 months, grey dots are flagged outliers left out of it.

Transaction history in Vera Residences

  • Completed2-bed · 901 sqft 27 Jan 2026AED 1,450,0001,608 /sqft
  • Completed1-bed · 474 sqft 18 Dec 2025AED 1,050,0002,212 /sqft
  • Completed2-bed · 899 sqft 10 Dec 2025AED 1,500,0001,668 /sqft
  • Completed474 sqft 24 Nov 2025AED 1,200,0002,527 /sqft
  • Completed905 sqft 24 Nov 2025AED 1,500,0001,657 /sqft
  • Completed512 sqft 30 Oct 2025AED 1,250,0002,437 /sqft
  • Completed899 sqft 27 Oct 2025AED 1,475,0001,640 /sqft
  • Completed477 sqft 17 Oct 2025AED 1,080,0002,261 /sqft
  • Completed901 sqft 16 Oct 2025AED 1,500,0001,664 /sqft
  • Completed898 sqft 24 Sep 2025AED 1,600,0001,781 /sqft

Over the last 12 months, Vera Residences has recorded 5 apartment sales. Typical homes sold for around AED 1.45M (about AED 1,668 per sqft) with a median size of 899 sqft; most were two-beds, from roughly AED 1.05M to AED 1.5M.

1–10 of 728

Units in Vera Residences

522 units
  • Unit 4012-bed · 900 sqftSold AED 1.29M, Jul 2019
  • Unit 4022-bed · 890 sqftSold AED 1.28M, Aug 2018
  • Unit 4031-bed · 473 sqftSold AED 780K, Mar 2018
  • Unit 4042-bed · 908 sqftSold AED 1.27M, Oct 2019
  • Unit 4052-bed · 907 sqftSold AED 1.32M, Mar 2019
  • Unit 4062-bed · 997 sqftSold AED 1.57M, Jul 2022
  • Unit 4072-bed · 1,043 sqftSold AED 1.7M, Mar 2025
  • Unit 4082-bed · 901 sqftSold AED 1.48M, Jul 2019
  • Unit 4092-bed · 906 sqftSold AED 1.52M, Oct 2018
  • Unit 4101-bed · 479 sqftSold AED 775K, Mar 2018
1–10 of 522
Every unit in Vera Residences, by number

By type: studios (4), one-beds (283), two-beds (218).

Nearby in Business Bay

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J One Tower AAED 1,9057.0%
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Reva ResidencesAED 1,9828.1%
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Vera Residences in numbers

  • Across 5 DLD sales in the 12 months to February 2026, the median price in Vera Residences was AED 1,668 per sqft and the typical home sold for about AED 1.45M.
  • Completed in 2022 by DAMAC; 28 floors of studios to two-beds; service charge AED 22.04 per sqft a year.
  • Two-beds of 475 to 1,043 sqft sold for AED 1,450,000 to 1,500,000 between November 2025 and January 2026, a median AED 1,657 per sqft.
  • An one-bed of 237 to 608 sqft rents for AED 29,219 to 125,000 a year on the 61 contracts registered in the last 12 months.
  • Gross rental yield 9.0%: the median rent per sqft over the median sale price per sqft, before service charges.

Source: Dubai Land Department. Updated 28 February 2026.

Questions

How much does a two-bed in Vera Residences cost?

3 two-beds sold in the 12 months to February 2026, for AED 1,450,000 to 1,500,000; the median was AED 1,500,000, or AED 1,657 per sqft.

How much is an one-bed for rent in Vera Residences?

About AED 80,000 a year: that is the median of the 61 contracts for one-beds registered with Ejari in the 12 months to February 2026, from AED 29,219 to 125,000.

What is the rental yield in Vera Residences?

About 9.0% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.

What is the service charge in Vera Residences?

AED 22.04 per sqft a year. For a typical 899 sqft home that is about AED 19,800 a year.

Who built Vera Residences and when?

DAMAC; completed in 2022; 28 floors; 522 apartments.

How many apartments are there in Vera Residences?

522, studios to two-beds. Each has its own page with its full sales and rental history.

Work it out for a home here: how much a rent can rise, the service charge for its size or a mortgage.

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