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2-bed · 900 sqftVera Residences, Business Bay · 11th floor · completed 2022

1101, Vera Residences

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

Unit 1101 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 1.2M1 May 2018
Current rentAED 110K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1101, Vera Residences

What is 1101 worth today?

Last sold for AED 1,200,562 in 2018

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1 May 2024RentedNew contract
AED 110,000/yr12 months · AED 122 per sqft
1 Dec 2023RentedNew contract
AED 107,000/yr12 months · AED 118 per sqft
22 Oct 2022RentedNew contract
AED 87,500/yr12 months · AED 97 per sqft
1 May 2018Sold by developerOff-plan
AED 1,200,562AED 1,334 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
2-bed apartment
Size
900 sqft
Floor
11th of 28
Parking
P1-079
Developer
DAMAC
Completed
2022
Service charge
AED 19,800 /yr
Last sold
AED 1.2M · May 2018
Building
Vera Residences

About 1101, Vera Residences

1101 is a two-bedroom apartment of 900 sqft on the 11th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 1 May 2018 for AED 1,200,562, or AED 1,334 per sqft, in line with the AED 1,354 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 May 2024, is AED 110,000 a year: a gross yield of 9.2% on the 2018 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1101 over time

Sales
Unit 1101, each saleTypical two-bed in Vera Residences
1.2M1.4M1.6M20182020202220242026Typical 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 1,600,000Sold by developer, May 2018: AED 1,200,562 (AED 1,334 per sqft)

1101 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1101, each contractTypical two-bed in Vera Residences
100K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,875; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 110,000New contract, October 2022: AED 87,500 a yearNew contract, December 2023: AED 107,000 a yearNew contract, May 2024: AED 110,000 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 1101 sits

All 218 2-beds →

1101 last sold in May 2018 at AED 1,334 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,354). Over the last 12 months two-beds sold for AED 1,450,000 to 1,500,000, around AED 1,657 per sqft, and rent for AED 85,000 to 135,000 a year. 1101's AED 110,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Jan 20261,450,000
10 Dec 20251,500,000
21 Jul 20251,500,000
8 Jul 20251,496,699
3 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. 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 11th floor

All 522 units in Vera Residences
Value
11022-bedAED 1.2M · May 2018
11031-bedAED 975K · Oct 2023
11042-bedAED 1.31M · Jun 2019
11052-bedAED 1.46M · Nov 2024
11062-bedAED 1.4M · Oct 2024
11072-bedAED 1.4M · Nov 2024
11082-bedAED 1.2M · Aug 2018
1–7 of 20

1101, Vera Residences in numbers

  • Sold once: by DAMAC on 1 May 2018 for AED 1,200,562, or AED 1,334 per sqft.
  • Rented since October 2022 on 3 Ejari contracts, from AED 87,500 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2018 price is 9.2%, before a service charge of about AED 19,800 a year (AED 22.04 per sqft).
  • Two-beds in Vera Residences sold for AED 1,450,000–1,500,000 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 1 May 2024.

Questions about 1101, Vera Residences

What did unit 1101 last sell for?

AED 1,200,562 on 1 May 2018, sold by the developer: AED 1,334 per sqft for 900 sqft. It is the only registered sale of the unit.

What is the rent for unit 1101?

AED 110,000 a year on the contract signed on 1 May 2024. The previous contract, from December 2023, was AED 107,000; the unit has been rented since October 2022.

How big is unit 1101?

900 sqft (83.6 sqm): a two-bedroom apartment on the 11th floor of a 28-storey tower completed in 2022.

What is unit 1101 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 1,450,000 to 1,500,000 in the last 12 months, around AED 1,657 per sqft.

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Mortgage on 1101, Vera Residences

Starts from the last sale price (AED 1.2M, 1 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,562
Deposit, UAE resident (20%)
AED 240,112
Deposit, non-resident (40%)
AED 480,225
Monthly over 25 years at 3.7%
AED 4,912

Plus AED 55,433 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →