1-bed · 474 sqftVera Residences, Business Bay · 10th floor · completed 2022

1020, 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 twice, last in May 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1020 · DLD and Ejari recordsUpdated 19 June 2025

Last soldAED 740K29 May 2023

Current rentAED 75K /yr19 June 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1020, Vera Residences

Today

What is 1020 worth today?

Last sold for AED 740,000 in 2023

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19 Jun 2025

19 Jun 2025RentedRenewal

AED 75,000/yr12 months · AED 158 per sqft

19 Jun 2024

19 Jun 2024RentedRenewal

AED 75,000/yr12 months · AED 158 per sqft

19 Jun 2023

19 Jun 2023RentedNew contract

AED 65,000/yr12 months · AED 137 per sqft

29 May 2023

29 May 2023SoldReady

AED 740,000AED 1,559 per sqft

9 May 2022

9 May 2022Sold by developerOff-plan

AED 871,500AED 1,836 per sqft

Source: Dubai Land Department. Updated 19 June 2025.

Key facts

Type: 1-bed apartment
Size: 474 sqft
Floor: 10th of 28
Parking: B-081
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 740K · May 2023
Building: Vera Residences

About 1020, Vera Residences

1020 is a one-bedroom apartment of 474 sqft on the 10th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 29 May 2023 for AED 740,000, or AED 1,559 per sqft, 7% below the AED 1,684 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 19 June 2025, is AED 75,000 a year: a gross yield of 10.1% on the 2023 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1020 over time

Sales

Unit 1020, each saleTypical one-bed in Vera Residences

1020 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1020, 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 1020 sits

All 283 1-beds →

1-beds in Vera Residences · last 12 months2,346 /sqft Vera Residences · all types1,668 /sqft

1020 last sold in May 2023 at AED 1,559 per sqft, 7% below what one-beds in Vera Residences were fetching at the time (AED 1,684). 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. 1020's AED 75,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

2 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. 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%

Vera Residences, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 522 units in Vera Residences


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
1016	1-bed	475 sqft	AED 940KAED 940,000 · Feb 2024February 2024
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
1021	2-bed	905 sqft	AED 1.42MAED 1,419,600 · Mar 2022March 2022	118,000 /yr

1–7 of 20

1020, Vera Residences in numbers

Sold twice: first on 9 May 2022 for AED 871,500, last on 29 May 2023 for AED 740,000 (AED 1,559 per sqft).
Rented since June 2023 on 3 Ejari contracts, from AED 65,000 to AED 75,000 a year.
At AED 75,000 a year the gross yield on the 2023 price is 10.1%, before a service charge of about AED 10,500 a year (AED 22.04 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: Dubai Land Department. Updated 19 June 2025.

Questions about 1020, Vera Residences

What did unit 1020 last sell for?

AED 740,000 on 29 May 2023: AED 1,559 per sqft for 474 sqft. The unit has 2 registered sales; the first was AED 871,500 in May 2022.

What is the rent for unit 1020?

AED 75,000 a year on the contract renewed on 19 June 2025. The previous contract, from June 2024, was AED 75,000; the unit has been rented since June 2023.

How big is unit 1020?

474 sqft (44.0 sqm): a one-bedroom apartment on the 10th floor of a 28-storey tower completed in 2022.

What is unit 1020 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 1020, Vera Residences

Starts from the last sale price (AED 740K, 29 May 2023). Switch to today's estimate once you have unlocked it.

Price: AED 740,000
Deposit, UAE resident (20%): AED 148,000
Deposit, non-resident (40%): AED 296,000
Monthly over 25 years at 3.7%: AED 3,028

Plus AED 36,090 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →