2-bed · 902 sqftVera Residences, Business Bay · 14th floor · completed 2022

1407, 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 once, from December 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1407 · DLD and Ejari recordsUpdated 11 December 2024

Last soldAED 1.2M11 February 2018

Current rentAED 114K /yr11 December 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1407, Vera Residences

Today

What is 1407 worth today?

Last sold for AED 1,197,000 in 2018

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11 Dec 2024

11 Dec 2024RentedRenewal

AED 114,000/yr12 months · AED 126 per sqft

11 Feb 2018

11 Feb 2018Sold by developerOff-plan

AED 1,197,000AED 1,327 per sqft

Source: Dubai Land Department. Updated 11 December 2024.

Key facts

Type: 2-bed apartment
Size: 902 sqft
Floor: 14th of 28
Parking: P1-111
Developer: DAMAC
Completed: 2022
Service charge: AED 19,900 /yr
Last sold: AED 1.2M · February 2018
Building: Vera Residences

About 1407, Vera Residences

1407 is a two-bedroom apartment of 902 sqft on the 14th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 11 February 2018 for AED 1,197,000, or AED 1,327 per sqft, in line with the AED 1,329 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 11 December 2024. The current contract, renewed on 11 December 2024, is AED 114,000 a year: a gross yield of 9.5% on the 2018 price, before the service charge of about AED 19,900 a year.

Sales and rents for 1407 over time

Sales

Unit 1407, each saleTypical two-bed in Vera Residences

1407 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1407, 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 1407 sits

All 218 2-beds →

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

1407 last sold in February 2018 at AED 1,327 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,329). 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. 1407's AED 114,000 is in the upper 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 14th floor

All 522 units in Vera Residences


1401	2-bed	900 sqft	AED 1.31MAED 1,313,000 · Jul 2018July 2018
1402	2-bed	890 sqft	AED 1.24MAED 1,238,000 · Feb 2018February 2018	88,000 /yr
1403	1-bed	513 sqft	AED 1.3MAED 1,300,000 · Jan 2024January 2024
1404	2-bed	908 sqft	AED 1.02MAED 1,020,000 · Aug 2022August 2022	103,000 /yr
1405	2-bed	905 sqft	AED 1.21MAED 1,205,000 · Feb 2018February 2018	105,000 /yr
1406	2-bed	900 sqft	AED 1.2MAED 1,197,000 · Apr 2018April 2018	110,000 /yr
1408		899 sqft	AED 1.48MAED 1,475,000 · Oct 2025October 2025	120,000 /yr
1409	2-bed	908 sqft	AED 1.29MAED 1,290,000 · Apr 2018April 2018	120,000 /yr
1410	1-bed	479 sqft	AED 794KAED 794,000 · Jul 2018July 2018	70,000 /yr
1411	1-bed	477 sqft	AED 725KAED 725,000 · Feb 2018February 2018	86,250 /yr
1412	1-bed	476 sqft	AED 723KAED 723,000 · Feb 2018February 2018	73,000 /yr
1413	1-bed	340 sqft	AED 700KAED 700,000 · Oct 2024October 2024	80,000 /yr
1414	1-bed	479 sqft	AED 738KAED 738,000 · Feb 2018February 2018	96,000 /yr
1415	1-bed	478 sqft	AED 850KAED 850,000 · Feb 2023February 2023
1416	1-bed	475 sqft	AED 750KAED 750,000 · Dec 2022December 2022	80,000 /yr
1417	1-bed	475 sqft	AED 753KAED 753,000 · Feb 2018February 2018	85,000 /yr
1418	1-bed	475 sqft	AED 753KAED 753,000 · Feb 2018February 2018	75,000 /yr
1419	1-bed	475 sqft	AED 753KAED 753,000 · Jun 2018June 2018	75,000 /yr
1420	1-bed	474 sqft	AED 777KAED 777,000 · Feb 2018February 2018	85,000 /yr
1421	2-bed	905 sqft	AED 1.24MAED 1,239,000 · Apr 2018April 2018

1–7 of 20

1407, Vera Residences in numbers

Sold once: by DAMAC on 11 February 2018 for AED 1,197,000, or AED 1,327 per sqft.
Rented since December 2024 on one Ejari contract, at AED 114,000 a year.
At AED 114,000 a year the gross yield on the 2018 price is 9.5%, before a service charge of about AED 19,900 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: Dubai Land Department. Updated 11 December 2024.

Questions about 1407, Vera Residences

What did unit 1407 last sell for?

AED 1,197,000 on 11 February 2018, sold by the developer: AED 1,327 per sqft for 902 sqft. It is the only registered sale of the unit.

What is the rent for unit 1407?

AED 114,000 a year on the contract renewed on 11 December 2024.

How big is unit 1407?

902 sqft (83.8 sqm): a two-bedroom apartment on the 14th floor of a 28-storey tower completed in 2022.

What is unit 1407 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 1407, Vera Residences

Starts from the last sale price (AED 1.2M, 11 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 1,197,000
Deposit, UAE resident (20%): AED 239,400
Deposit, non-resident (40%): AED 478,800
Monthly over 25 years at 3.7%: AED 4,897

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