1-bed · 475 sqftVera Residences, Business Bay · 11th floor · completed 2022

1117, 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 once, by the developer in September 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1117 · DLD and Ejari recordsUpdated 10 October 2024

Last soldAED 632K4 September 2018

Current rentAED 73K /yr10 October 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1117, Vera Residences

Today

What is 1117 worth today?

Last sold for AED 632,225 in 2018

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10 Oct 2024

10 Oct 2024RentedNew contract

AED 73,333/yr36 months · AED 155 per sqft

15 Sep 2023

15 Sep 2023RentedRenewal

AED 68,250/yr12 months · AED 144 per sqft

15 Sep 2022

15 Sep 2022RentedNew contract

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

4 Sep 2018

4 Sep 2018Sold by developerOff-plan

AED 632,225AED 1,331 per sqft

Source: Dubai Land Department. Updated 10 October 2024.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 11th of 28
Parking: B-090
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 632K · September 2018
Building: Vera Residences

About 1117, Vera Residences

1117 is a one-bedroom apartment of 475 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 4 September 2018 for AED 632,225, or AED 1,331 per sqft, 16% below the AED 1,583 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 10 October 2024, is AED 73,333 a year: a gross yield of 11.6% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1117 over time

Sales

Unit 1117, each saleTypical one-bed in Vera Residences

1117 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1117, 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 1117 sits

All 283 1-beds →

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

1117 last sold in September 2018 at AED 1,331 per sqft, 16% below what one-beds in Vera Residences were fetching at the time (AED 1,583). 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. 1117's AED 73,333 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 11th floor

All 522 units in Vera Residences


1101	2-bed	900 sqft	AED 1.2MAED 1,200,562 · May 2018May 2018	110,000 /yr
1102	2-bed	890 sqft	AED 1.2MAED 1,204,555 · May 2018May 2018	110,000 /yr
1103	1-bed	513 sqft	AED 975KAED 975,000 · Oct 2023October 2023
1104	2-bed	908 sqft	AED 1.31MAED 1,312,000 · Jun 2019June 2019	110,000 /yr
1105	2-bed	905 sqft	AED 1.46MAED 1,462,291 · Nov 2024November 2024	118,000 /yr
1106	2-bed	900 sqft	AED 1.4MAED 1,400,000 · Oct 2024October 2024	95,000 /yr
1107	2-bed	902 sqft	AED 1.4MAED 1,400,000 · Nov 2024November 2024	116,000 /yr
1108	2-bed	899 sqft	AED 1.2MAED 1,200,562 · Aug 2018August 2018	78,000 /yr
1109	2-bed	908 sqft	AED 1.64MAED 1,637,000 · Jul 2023July 2023
1110	1-bed	479 sqft	AED 863KAED 863,100 · Apr 2022April 2022	70,000 /yr
1111		477 sqft	AED 1.1MAED 1,100,000 · Sep 2025September 2025
1112	1-bed	476 sqft	AED 627KAED 626,901 · Sep 2018September 2018	76,000 /yr
1113		485 sqft	AED 1.08MAED 1,075,000 · Aug 2025August 2025	65,000 /yr
1114	1-bed	479 sqft	AED 640KAED 640,211 · Sep 2018September 2018	58,000 /yr
1115	1-bed	478 sqft	AED 640KAED 640,211 · May 2018May 2018	83,000 /yr
1116	1-bed	475 sqft	AED 632KAED 632,225 · Feb 2018February 2018
1118		475 sqft	AED 1.1MAED 1,100,000 · Sep 2025September 2025	75,000 /yr
1119		475 sqft	AED 1.01MAED 1,010,000 · Aug 2025August 2025
1120	1-bed	474 sqft	AED 910KAED 910,000 · Nov 2023November 2023
1121	2-bed	905 sqft	AED 1.21MAED 1,205,886 · May 2018May 2018	105,000 /yr

1–7 of 20

1117, Vera Residences in numbers

Sold once: by DAMAC on 4 September 2018 for AED 632,225, or AED 1,331 per sqft.
Rented since September 2022 on 3 Ejari contracts, from AED 65,000 to AED 73,333 a year.
At AED 73,333 a year the gross yield on the 2018 price is 11.6%, 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 10 October 2024.

Questions about 1117, Vera Residences

What did unit 1117 last sell for?

AED 632,225 on 4 September 2018, sold by the developer: AED 1,331 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 1117?

AED 73,333 a year on the contract signed on 10 October 2024. The previous contract, from September 2023, was AED 68,250; the unit has been rented since September 2022.

How big is unit 1117?

475 sqft (44.1 sqm): a one-bedroom apartment on the 11th floor of a 28-storey tower completed in 2022.

What is unit 1117 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 1117, Vera Residences

Starts from the last sale price (AED 632K, 4 September 2018). Switch to today's estimate once you have unlocked it.

Price: AED 632,225
Deposit, UAE resident (20%): AED 126,445
Deposit, non-resident (40%): AED 252,890
Monthly over 25 years at 3.7%: AED 2,587

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →