1-bed · 477 sqftVera Residences, Business Bay · 12th floor · completed 2022

1211, Vera Residences

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

Unit 1211 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 1.05M3 April 2024
Current rentAED 73K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1211, Vera Residences

What is 1211 worth today?

Last sold for AED 1,050,000 in 2024

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1 May 2024RentedNew contract
AED 73,000/yr12 months · AED 154 per sqft
3 Apr 2024SoldReady
AED 1,050,000AED 2,199 per sqft
5 Feb 2018Sold by developerOff-plan
AED 723,000AED 1,514 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
1-bed apartment
Size
477 sqft
Floor
12th of 28
Parking
B-096
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 1.05M · April 2024

About 1211, Vera Residences

1211 is a one-bedroom apartment of 477 sqft on the 12th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 3 April 2024 for AED 1,050,000, or AED 2,199 per sqft, 12% above the AED 1,967 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2024. The current contract, signed on 1 May 2024, is AED 73,000 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1211 over time

Sales
Unit 1211, each saleTypical one-bed in Vera Residences
800K1M20182020202220242026Typical sale price by year: 2018 AED 753,000; 2019 AED 741,560; 2022 AED 856,489; 2023 AED 900,000; 2024 AED 1,087,500; 2025 AED 1,090,000Sold by developer, February 2018: AED 723,000 (AED 1,514 per sqft)Sold, April 2024: AED 1,050,000 (AED 2,199 per sqft)

1211 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1211, each contractTypical one-bed in Vera Residences
70K80K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 80,000New contract, May 2024: AED 73,000 a year

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 1211 sits

All 283 1-beds →

1211 last sold in April 2024 at AED 2,199 per sqft, 12% above what one-beds in Vera Residences were fetching at the time (AED 1,967). 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. 1211's AED 73,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Dec 20251,050,000
9 Jul 20251,180,000
4 Jul 20251,120,000
3 Jul 20251,100,000
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
Value
12012-bedAED 1.94M · Apr 2024
12022-bedAED 1.24M · Feb 2018
12031-bedAED 990K · Feb 2024
12042-bedAED 1.24M · Feb 2018
12052-bedAED 1.49M · Jul 2024
12062-bedAED 1.2M · Feb 2018
12072-bedAED 1.2M · Feb 2018
1–7 of 20

1211, Vera Residences in numbers

  • Sold twice: first on 5 February 2018 for AED 723,000, last on 3 April 2024 for AED 1,050,000 (AED 2,199 per sqft).
  • Rented since May 2024 on one Ejari contract, at AED 73,000 a year.
  • At AED 73,000 a year the gross yield on the 2024 price is 7.0%, 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 1 May 2024.

Questions about 1211, Vera Residences

What did unit 1211 last sell for?

AED 1,050,000 on 3 April 2024: AED 2,199 per sqft for 477 sqft. The unit has 2 registered sales; the first was AED 723,000 in February 2018.

What is the rent for unit 1211?

AED 73,000 a year on the contract signed on 1 May 2024.

How big is unit 1211?

477 sqft (44.3 sqm): a one-bedroom apartment on the 12th floor of a 28-storey tower completed in 2022.

What is unit 1211 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 1211, Vera Residences

Starts from the last sale price (AED 1.05M, 3 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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