1016, Vera Residences
Sold prices and rental history: sold twice, last in February 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1016, Vera Residences
What is 1016 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 27 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 475 sqft
- Floor
- 10th of 28
- Parking
- B-077
- Developer
- DAMAC
- Completed
- 2022
- Service charge
- AED 10,500 /yr
- Last sold
- AED 940K · February 2024
- Building
- Vera Residences
About 1016, Vera Residences
1016 is a one-bedroom apartment of 475 sqft on the 10th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 27 February 2024 for AED 940,000, or AED 1,979 per sqft, 3% above the AED 1,921 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1016 over time
1016 has sold twice; the dashed line is the one-bed median of each year in the building.
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 1016 sits
All 283 1-beds →1016 last sold in February 2024 at AED 1,979 per sqft, 3% above what one-beds in Vera Residences were fetching at the time (AED 1,921). Over the last 12 months one-beds sold for AED 1,050,000 to 1,200,000, around AED 2,346 per sqft, and rent for AED 29,219 to 125,000 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Dec 202518 December 2025 | 485 sqft | 1,050,000 | 2,164 | ||
| 9 Jul 20259 July 2025 | 475 sqft | 1,180,000 | 2,485 | ||
| 4 Jul 20254 July 2025 | 513 sqft | 1,120,000 | 2,184 | ||
| 3 Jul 20253 July 2025 | 511 sqft | 1,100,000 | 2,151 |
Vera Residences
Building522 apartments, studios to 2-bed over 28 floors in Business Bay, completed in 2022 by DAMAC. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,668
- Typical sale
- AED 1.45M
- Typical rent
- AED 85K /yr
- Typical yield
- 9.0%
Other units on the 10th floor
All 522 units in Vera Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 900 sqft | AED 1.46MAED 1,456,000 · Jul 2024July 2024 | 99,750 /yr | |
| 1002 | 2-bed | 890 sqft | AED 1.23MAED 1,234,000 · Feb 2018February 2018 | 135,000 /yr | |
| 1003 | 1-bed | 513 sqft | AED 877KAED 877,100 · Aug 2022August 2022 | 85,000 /yr | |
| 1004 | 2-bed | 908 sqft | AED 1.42MAED 1,422,750 · Feb 2022February 2022 | 105,000 /yr | |
| 1005 | 2-bed | 905 sqft | AED 1.29MAED 1,290,464 · May 2022May 2022 | ||
| 1006 | 2-bed | 900 sqft | AED 1.29MAED 1,293,600 · May 2022May 2022 | 105,000 /yr | |
| 1007 | 2-bed | 902 sqft | AED 1.19MAED 1,194,000 · Feb 2018February 2018 | ||
| 1008 | 2-bed | 899 sqft | AED 1.17MAED 1,170,120 · Feb 2018February 2018 | 108,000 /yr | |
| 1009 | 2-bed | 908 sqft | AED 1.2MAED 1,202,000 · Feb 2018February 2018 | 110,000 /yr | |
| 1010 | 1-bed | 479 sqft | AED 861KAED 861,000 · May 2022May 2022 | 73,500 /yr | |
| 1011 | 1-bed | 477 sqft | AED 804KAED 803,551 · Jun 2022June 2022 | ||
| 1012 | 1-bed | 476 sqft | AED 1.09MAED 1,085,000 · Mar 2024March 2024 | ||
| 1013 | 1-bed | 475 sqft | AED 724KAED 724,000 · Feb 2018February 2018 | 64,000 /yr | |
| 1014 | 1-bed | 479 sqft | AED 735KAED 735,000 · Feb 2018February 2018 | 7,000 /yr | |
| 1015 | 1-bed | 478 sqft | AED 759KAED 759,000 · Feb 2018February 2018 | 70,000 /yr | |
| 1017 | 1-bed | 475 sqft | AED 749KAED 749,000 · Feb 2018February 2018 | 73,500 /yr | |
| 1018 | 1-bed | 475 sqft | AED 829KAED 829,000 · Jul 2022July 2022 | 80,000 /yr | |
| 1019 | 1-bed | 475 sqft | AED 825KAED 825,000 · Jun 2023June 2023 | ||
| 1020 | 1-bed | 474 sqft | AED 740KAED 740,000 · May 2023May 2023 | 75,000 /yr | |
| 1021 | 2-bed | 905 sqft | AED 1.42MAED 1,419,600 · Mar 2022March 2022 | 118,000 /yr |
1016, Vera Residences in numbers
- Sold twice: first on 20 February 2018 for AED 749,000, last on 27 February 2024 for AED 940,000 (AED 1,979 per sqft).
- One-beds in Vera Residences sold for AED 1,050,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,668 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 27 February 2024.
Questions about 1016, Vera Residences
What did unit 1016 last sell for?
AED 940,000 on 27 February 2024: AED 1,979 per sqft for 475 sqft. The unit has 2 registered sales; the first was AED 749,000 in February 2018.
How big is unit 1016?
475 sqft (44.1 sqm): a one-bedroom apartment on the 10th floor of a 28-storey tower completed in 2022.
What is unit 1016 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 1,050,000 to 1,200,000 in the last 12 months, around AED 2,346 per sqft.
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Mortgage on 1016, Vera Residences
Starts from the last sale price (AED 940K, 27 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 940,000
- Deposit, UAE resident (20%)
- AED 188,000
- Deposit, non-resident (40%)
- AED 376,000
- Monthly over 25 years at 3.7%
- AED 3,846
Plus AED 44,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →