1-bed · 475 sqftVera Residences, Business Bay · 13th floor · completed 2022

1318, 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 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1318 · DLD and Ejari recordsUpdated 27 March 2024

Last soldAED 752K7 February 2018

Current rentAED 68K /yr27 March 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1318, Vera Residences

Today

What is 1318 worth today?

Last sold for AED 752,000 in 2018

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27 Mar 2024

27 Mar 2024RentedNew contract

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

27 Mar 2023

27 Mar 2023RentedNew contract

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

7 Feb 2018

7 Feb 2018Sold by developerOff-plan

AED 752,000AED 1,583 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 March 2024.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 13th of 28
Parking: P3-122
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 752K · February 2018
Building: Vera Residences

About 1318, Vera Residences

1318 is a one-bedroom apartment of 475 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 7 February 2018 for AED 752,000, or AED 1,583 per sqft, in line with the AED 1,566 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 27 March 2024, is AED 68,250 a year: a gross yield of 9.1% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1318 over time

Sales

Unit 1318, each saleTypical one-bed in Vera Residences

1318 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1318, 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 1318 sits

All 283 1-beds →

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

1318 last sold in February 2018 at AED 1,583 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,566). 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. 1318's AED 68,250 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 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
1304	2-bed	908 sqft	AED 1.24MAED 1,239,000 · Feb 2018February 2018	92,000 /yr
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
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

1318, Vera Residences in numbers

Sold once: by DAMAC on 7 February 2018 for AED 752,000, or AED 1,583 per sqft.
Rented since March 2023 on 2 Ejari contracts, from AED 65,000 to AED 68,250 a year.
At AED 68,250 a year the gross yield on the 2018 price is 9.1%, 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: YallaValue analysis of Dubai Land Department records. Updated 27 March 2024.

Questions about 1318, Vera Residences

What did unit 1318 last sell for?

AED 752,000 on 7 February 2018, sold by the developer: AED 1,583 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 1318?

AED 68,250 a year on the contract signed on 27 March 2024. The previous contract, from March 2023, was AED 65,000.

How big is unit 1318?

475 sqft (44.1 sqm): a one-bedroom apartment on the 13th floor of a 28-storey tower completed in 2022.

What is unit 1318 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 1318, Vera Residences

Starts from the last sale price (AED 752K, 7 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 752,000
Deposit, UAE resident (20%): AED 150,400
Deposit, non-resident (40%): AED 300,800
Monthly over 25 years at 3.7%: AED 3,077

Plus AED 36,594 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →