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

1106, Vera Residences

Sold prices and rental history: sold twice, last in October 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1106 · DLD and Ejari recordsUpdated 31 October 2024
Last soldAED 1.4M31 October 2024
Current rentAED 95K /yr5 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1106, Vera Residences

What is 1106 worth today?

Last sold for AED 1,400,000 in 2024

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31 Oct 2024SoldReady
AED 1,400,000AED 1,555 per sqft
5 Oct 2023RentedNew contract
AED 95,000/yr12 months · AED 105 per sqft
5 Oct 2022RentedNew contract
AED 82,000/yr12 months · AED 91 per sqft
30 Jun 2020Sold by developerOff-plan
AED 1,200,562AED 1,333 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 October 2024.

Key facts

Type
2-bed apartment
Size
900 sqft
Floor
11th of 28
Parking
P1-083
Developer
DAMAC
Completed
2022
Service charge
AED 19,800 /yr
Last sold
AED 1.4M · October 2024
Building
Vera Residences

About 1106, Vera Residences

1106 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. It last sold on 31 October 2024 for AED 1,400,000, or AED 1,555 per sqft, 8% below the AED 1,690 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 5 October 2023, is AED 95,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1106 over time

Sales
Unit 1106, 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, June 2020: AED 1,200,562 (AED 1,333 per sqft)Sold, October 2024: AED 1,400,000 (AED 1,555 per sqft)

1106 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1106, each contractTypical two-bed in Vera Residences
80K100K202220242026Typical 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 82,000 a yearNew contract, October 2023: AED 95,000 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 1106 sits

All 218 2-beds →

1106 last sold in October 2024 at AED 1,555 per sqft, 8% below what two-beds in Vera Residences were fetching at the time (AED 1,690). 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. 1106's AED 95,000 is in the lower 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
11012-bedAED 1.2M · May 2018
11022-bedAED 1.2M · May 2018
11031-bedAED 975K · Oct 2023
11042-bedAED 1.31M · Jun 2019
11052-bedAED 1.46M · Nov 2024
11072-bedAED 1.4M · Nov 2024
11082-bedAED 1.2M · Aug 2018
1–7 of 20

1106, Vera Residences in numbers

  • Sold twice: first on 30 June 2020 for AED 1,200,562, last on 31 October 2024 for AED 1,400,000 (AED 1,555 per sqft).
  • Rented since October 2022 on 2 Ejari contracts, from AED 82,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2024 price is 6.8%, 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: YallaValue analysis of Dubai Land Department records. Updated 31 October 2024.

Questions about 1106, Vera Residences

What did unit 1106 last sell for?

AED 1,400,000 on 31 October 2024: AED 1,555 per sqft for 900 sqft. The unit has 2 registered sales; the first was AED 1,200,562 in June 2020.

What is the rent for unit 1106?

AED 95,000 a year on the contract signed on 5 October 2023. The previous contract, from October 2022, was AED 82,000.

How big is unit 1106?

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

What is unit 1106 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 1106, Vera Residences

Starts from the last sale price (AED 1.4M, 31 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

Plus AED 63,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →