2-bed · 908 sqftVera Residences, Business Bay · 13th floor · completed 2022

1304, 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 continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1304 · DLD and Ejari recordsUpdated 6 August 2024

Last soldAED 1.24M13 February 2018

Current rentAED 92K /yr6 August 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1304, Vera Residences

Today

What is 1304 worth today?

Last sold for AED 1,239,000 in 2018

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6 Aug 2024

6 Aug 2024RentedNew contract

AED 92,000/yr12 months · AED 102 per sqft

7 Aug 2023

7 Aug 2023RentedRenewal

AED 85,000/yr12 months · AED 94 per sqft

7 Aug 2022

7 Aug 2022RentedNew contract

AED 80,000/yr12 months · AED 88 per sqft

7 Aug 2022

7 Aug 2022RentedNew contract

AED 80,000/yr12 months · AED 88 per sqft

13 Feb 2018

13 Feb 2018Sold by developerOff-plan

AED 1,239,000AED 1,364 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 August 2024.

Key facts

Type: 2-bed apartment
Size: 908 sqft
Floor: 13th of 28
Parking: P1-099
Developer: DAMAC
Completed: 2022
Service charge: AED 20,000 /yr
Last sold: AED 1.24M · February 2018
Building: Vera Residences

About 1304, Vera Residences

1304 is a two-bedroom apartment of 908 sqft on the 13th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 13 February 2018 for AED 1,239,000, or AED 1,364 per sqft, in line with the AED 1,331 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 6 August 2024, is AED 92,000 a year: a gross yield of 7.4% on the 2018 price, before the service charge of about AED 20,000 a year.

Sales and rents for 1304 over time

Sales

Unit 1304, each saleTypical two-bed in Vera Residences

1304 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1304, each contractTypical two-bed in Vera Residences

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 1304 sits

All 218 2-beds →

2-beds in Vera Residences · last 12 months1,657 /sqft Vera Residences · all types1,668 /sqft

1304 last sold in February 2018 at AED 1,364 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,331). 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. 1304's AED 92,000 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
27 Jan 202627 January 2026	902 sqft	1,450,000	1,608
10 Dec 202510 December 2025	899 sqft	1,500,000	1,668
21 Jul 202521 July 2025	899 sqft	1,500,000	1,668
8 Jul 20258 July 2025	900 sqft	1,496,699	1,662

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 13th floor

All 522 units in Vera Residences


1301	2-bed	900 sqft	AED 1.3MAED 1,304,000 · Dec 2018December 2018	110,000 /yr
1302	2-bed	890 sqft	AED 1.24MAED 1,237,000 · Feb 2018February 2018	125,000 /yr
1303	1-bed	473 sqft	AED 750KAED 750,000 · Feb 2018February 2018
1305		905 sqft	AED 1.58MAED 1,580,000 · Sep 2025September 2025	130,000 /yr
1306	2-bed	900 sqft	AED 1.7MAED 1,700,000 · Oct 2024October 2024	150,000 /yr
1307	2-bed	902 sqft	AED 1.2MAED 1,197,000 · Feb 2018February 2018	87,692 /yr
1308	2-bed	899 sqft	AED 1.2MAED 1,197,000 · Feb 2018February 2018	115,000 /yr
1309	2-bed	908 sqft	AED 1.21MAED 1,205,000 · Mar 2018March 2018
1310	1-bed	479 sqft	AED 920KAED 920,000 · Feb 2024February 2024	83,000 /yr
1311	1-bed	477 sqft	AED 724KAED 724,000 · Feb 2018February 2018
1312	1-bed	476 sqft	AED 722KAED 722,000 · Feb 2018February 2018
1313	1-bed	475 sqft	AED 727KAED 727,000 · Feb 2018February 2018
1314	1-bed	479 sqft	AED 737KAED 737,000 · Feb 2018February 2018	75,000 /yr
1315	1-bed	478 sqft	AED 761KAED 761,000 · Mar 2018March 2018	67,600 /yr
1316	1-bed	475 sqft	AED 1.01MAED 1,010,000 · Mar 2025March 2025
1317	1-bed	475 sqft	AED 879KAED 878,850 · May 2022May 2022	81,000 /yr
1318	1-bed	475 sqft	AED 752KAED 752,000 · Feb 2018February 2018	68,250 /yr
1319	1-bed	475 sqft	AED 752KAED 752,000 · Feb 2018February 2018	63,800 /yr
1320	1-bed	237 sqft	AED 600KAED 600,000 · May 2022May 2022	76,000 /yr
1321	2-bed	905 sqft	AED 1.24MAED 1,238,000 · Feb 2018February 2018	105,000 /yr

1–7 of 20

1304, Vera Residences in numbers

Sold once: by DAMAC on 13 February 2018 for AED 1,239,000, or AED 1,364 per sqft.
Rented since August 2022 on 4 Ejari contracts, from AED 80,000 to AED 92,000 a year.
At AED 92,000 a year the gross yield on the 2018 price is 7.4%, before a service charge of about AED 20,000 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 6 August 2024.

Questions about 1304, Vera Residences

What did unit 1304 last sell for?

AED 1,239,000 on 13 February 2018, sold by the developer: AED 1,364 per sqft for 908 sqft. It is the only registered sale of the unit.

What is the rent for unit 1304?

AED 92,000 a year on the contract signed on 6 August 2024. The previous contract, from August 2023, was AED 85,000; the unit has been rented since August 2022.

How big is unit 1304?

908 sqft (84.4 sqm): a two-bedroom apartment on the 13th floor of a 28-storey tower completed in 2022.

What is unit 1304 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 1304, Vera Residences

Starts from the last sale price (AED 1.24M, 13 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 1,239,000
Deposit, UAE resident (20%): AED 247,800
Deposit, non-resident (40%): AED 495,600
Monthly over 25 years at 3.7%: AED 5,069

Plus AED 57,048 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →