1-bed · 513 sqftVera Residences, Business Bay · 12th floor · completed 2022

1203, 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 3 times, last in February 2024, and rented once, from February 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 14 February 2026

Last soldAED 990K9 February 2024

Current rentAED 92K /yr14 February 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1203, Vera Residences

Today

What is 1203 worth today?

Last sold for AED 990,000 in 2024

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14 Feb 2026

14 Feb 2026RentedNew contract

AED 92,000/yr12 months · AED 178 per sqft

9 Feb 2024

9 Feb 2024SoldReady

AED 990,000AED 1,930 per sqft

18 Oct 2022

18 Oct 2022SoldReady

AED 700,000AED 1,365 per sqft

12 Feb 2018

12 Feb 2018Sold by developerOff-plan

AED 749,000AED 1,583 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 February 2026.

Key facts

Type: 1-bed apartment
Size: 513 sqft
Floor: 12th of 28
Parking: B-094
Developer: DAMAC
Completed: 2022
Service charge: AED 11,300 /yr
Last sold: AED 990K · February 2024
Building: Vera Residences

About 1203, Vera Residences

1203 is a one-bedroom apartment of 513 sqft on the 12th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 9 February 2024 for AED 990,000, or AED 1,930 per sqft, in line with the AED 1,916 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 14 February 2026. The current contract, signed on 14 February 2026, is AED 92,000 a year: a gross yield of 9.3% on the 2024 price, before the service charge of about AED 11,300 a year.

Sales and rents for 1203 over time

Sales

Unit 1203, each saleTypical one-bed in Vera Residences

1203 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1203, 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 1203 sits

All 283 1-beds →

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

1203 last sold in February 2024 at AED 1,930 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,916). 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. 1203's AED 92,000 is in the upper 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 12th floor

All 522 units in Vera Residences


1201	2-bed	900 sqft	AED 1.94MAED 1,938,060 · Apr 2024April 2024
1202	2-bed	890 sqft	AED 1.24MAED 1,236,000 · Feb 2018February 2018	110,000 /yr
1204	2-bed	908 sqft	AED 1.24MAED 1,239,000 · Feb 2018February 2018	113,300 /yr
1205	2-bed	905 sqft	AED 1.49MAED 1,485,000 · Jul 2024July 2024
1206	2-bed	900 sqft	AED 1.2MAED 1,196,000 · Feb 2018February 2018
1207	2-bed	902 sqft	AED 1.2MAED 1,196,000 · Feb 2018February 2018	112,000 /yr
1208	2-bed	899 sqft	AED 865KAED 865,000 · Jun 2021June 2021	120,000 /yr
1209		908 sqft	AED 1.75MAED 1,750,000 · Sep 2025September 2025
1210	1-bed	479 sqft	AED 730KAED 730,000 · Feb 2018February 2018	91,000 /yr
1211	1-bed	477 sqft	AED 1.05MAED 1,050,000 · Apr 2024April 2024	73,000 /yr
1212	1-bed	476 sqft	AED 721KAED 721,000 · Mar 2018March 2018	75,000 /yr
1213	1-bed	475 sqft	AED 726KAED 726,000 · Feb 2018February 2018	84,000 /yr
1214	1-bed	479 sqft	AED 736KAED 736,000 · Feb 2018February 2018	78,000 /yr
1215	1-bed	478 sqft	AED 800KAED 800,000 · Jan 2023January 2023	82,000 /yr
1216	1-bed	475 sqft	AED 870KAED 870,000 · Jul 2023July 2023	62,000 /yr
1217	1-bed	475 sqft	AED 751KAED 751,000 · Feb 2018February 2018	70,000 /yr
1218	1-bed	475 sqft	AED 751KAED 751,000 · Feb 2018February 2018	60,000 /yr
1219	1-bed	475 sqft	AED 840KAED 840,000 · Apr 2023April 2023	80,000 /yr
1220	1-bed	474 sqft	AED 1.09MAED 1,090,000 · Dec 2024December 2024
1221		905 sqft	AED 1.5MAED 1,500,000 · Nov 2025November 2025	116,000 /yr

1–7 of 20

1203, Vera Residences in numbers

Sold 3 times: first on 12 February 2018 for AED 749,000, last on 9 February 2024 for AED 990,000 (AED 1,930 per sqft).
Rented since February 2026 on one Ejari contract, at AED 92,000 a year.
At AED 92,000 a year the gross yield on the 2024 price is 9.3%, before a service charge of about AED 11,300 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: YallaValue analysis of Dubai Land Department records. Updated 14 February 2026.

Questions about 1203, Vera Residences

What did unit 1203 last sell for?

AED 990,000 on 9 February 2024: AED 1,930 per sqft for 513 sqft. The unit has 3 registered sales; the first was AED 749,000 in February 2018.

What is the rent for unit 1203?

AED 92,000 a year on the contract signed on 14 February 2026.

How big is unit 1203?

513 sqft (47.7 sqm): a one-bedroom apartment on the 12th floor of a 28-storey tower completed in 2022.

What is unit 1203 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 1203, Vera Residences

Starts from the last sale price (AED 990K, 9 February 2024). Switch to today's estimate once you have unlocked it.

Price: AED 990,000
Deposit, UAE resident (20%): AED 198,000
Deposit, non-resident (40%): AED 396,000
Monthly over 25 years at 3.7%: AED 4,050

Plus AED 46,590 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →