1-bed · 479 sqftVera Residences, Business Bay · 12th floor · completed 2022

1214, 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 February 2018, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1214 · DLD and Ejari recordsUpdated 16 September 2025

Last soldAED 736K12 February 2018

Current rentAED 78K /yr16 September 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1214, Vera Residences

Today

What is 1214 worth today?

Last sold for AED 736,000 in 2018

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16 Sep 2025

16 Sep 2025RentedRenewal

AED 78,000/yr12 months · AED 161 per sqft

16 Sep 2024

16 Sep 2024RentedNew contract

AED 80,000/yr12 months · AED 165 per sqft

12 Feb 2018

12 Feb 2018Sold by developerOff-plan

AED 736,000AED 1,536 per sqft

Source: Dubai Land Department. Updated 16 September 2025.

Key facts

Type: 1-bed apartment
Size: 479 sqft
Floor: 12th of 28
Parking: B-099
Developer: DAMAC
Completed: 2022
Service charge: AED 10,600 /yr
Last sold: AED 736K · February 2018
Building: Vera Residences

About 1214, Vera Residences

1214 is a one-bedroom apartment of 479 sqft on the 12th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 12 February 2018 for AED 736,000, or AED 1,536 per sqft, in line with the AED 1,569 one-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 16 September 2025, is AED 78,000 a year: a gross yield of 10.6% on the 2018 price, before the service charge of about AED 10,600 a year.

Sales and rents for 1214 over time

Sales

Unit 1214, each saleTypical one-bed in Vera Residences

1214 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1214, 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 1214 sits

All 283 1-beds →

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

1214 last sold in February 2018 at AED 1,536 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,569). 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. 1214's AED 78,000 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
1203	1-bed	513 sqft	AED 990KAED 990,000 · Feb 2024February 2024	92,000 /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
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

1214, Vera Residences in numbers

Sold once: by DAMAC on 12 February 2018 for AED 736,000, or AED 1,536 per sqft.
Rented since September 2024 on 2 Ejari contracts, from AED 80,000 to AED 78,000 a year.
At AED 78,000 a year the gross yield on the 2018 price is 10.6%, before a service charge of about AED 10,600 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 16 September 2025.

Questions about 1214, Vera Residences

What did unit 1214 last sell for?

AED 736,000 on 12 February 2018, sold by the developer: AED 1,536 per sqft for 479 sqft. It is the only registered sale of the unit.

What is the rent for unit 1214?

AED 78,000 a year on the contract renewed on 16 September 2025. The previous contract, from September 2024, was AED 80,000.

How big is unit 1214?

479 sqft (44.5 sqm): a one-bedroom apartment on the 12th floor of a 28-storey tower completed in 2022.

What is unit 1214 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 1214, Vera Residences

Starts from the last sale price (AED 736K, 12 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 736,000
Deposit, UAE resident (20%): AED 147,200
Deposit, non-resident (40%): AED 294,400
Monthly over 25 years at 3.7%: AED 3,011

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