1-bed · 513 sqftVera Residences, Business Bay · 15th floor · completed 2022

1503, 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 twice, last in April 2023, and rented once, from February 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 4 April 2023

Last soldAED 920K4 April 2023

Current rentAED 95K /yr11 February 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1503, Vera Residences

Today

What is 1503 worth today?

Last sold for AED 920,000 in 2023

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4 Apr 2023

4 Apr 2023SoldReady

AED 920,000AED 1,794 per sqft

11 Feb 2023

11 Feb 2023RentedNew contract

AED 95,000/yr12 months · AED 184 per sqft

11 Feb 2018

11 Feb 2018Sold by developerOff-plan

AED 752,000AED 1,589 per sqft

Source: Dubai Land Department. Updated 4 April 2023.

Key facts

Type: 1-bed apartment
Size: 513 sqft
Floor: 15th of 28
Parking: P3-094
Developer: DAMAC
Completed: 2022
Service charge: AED 11,300 /yr
Last sold: AED 920K · April 2023
Building: Vera Residences

About 1503, Vera Residences

1503 is a one-bedroom apartment of 513 sqft on the 15th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 4 April 2023 for AED 920,000, or AED 1,794 per sqft, 4% above the AED 1,725 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 11 February 2023. The current contract, signed on 11 February 2023, is AED 95,000 a year: a gross yield of 10.3% on the 2023 price, before the service charge of about AED 11,300 a year.

Sales and rents for 1503 over time

Sales

Unit 1503, each saleTypical one-bed in Vera Residences

1503 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1503, 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 1503 sits

All 283 1-beds →

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

1503 last sold in April 2023 at AED 1,794 per sqft, 4% above what one-beds in Vera Residences were fetching at the time (AED 1,725). 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. 1503's AED 95,000 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 15th floor

All 522 units in Vera Residences


1501	2-bed	900 sqft	AED 1.32MAED 1,315,000 · Mar 2018March 2018	100,000 /yr
1502	2-bed	890 sqft	AED 1.24MAED 1,239,000 · Feb 2018February 2018	110,000 /yr
1504	2-bed	908 sqft	AED 1.24MAED 1,241,000 · Feb 2018February 2018	110,250 /yr
1505	2-bed	905 sqft	AED 1.21MAED 1,206,000 · Mar 2018March 2018	106,667 /yr
1506	2-bed	900 sqft	AED 1.43MAED 1,425,000 · Sep 2024September 2024	134,000 /yr
1507	2-bed	902 sqft	AED 1.2MAED 1,198,000 · Feb 2018February 2018	105,000 /yr
1508	2-bed	899 sqft	AED 1.5MAED 1,500,000 · Dec 2025December 2025	120,000 /yr
1509	2-bed	908 sqft	AED 1.29MAED 1,293,000 · Jul 2018July 2018	108,000 /yr
1510	1-bed	479 sqft	AED 980KAED 980,000 · Jun 2024June 2024	75,000 /yr
1511	1-bed	477 sqft	AED 725KAED 725,000 · Jul 2018July 2018	75,000 /yr
1512	1-bed	476 sqft	AED 791KAED 791,000 · Jun 2018June 2018
1513	1-bed	475 sqft	AED 1.05MAED 1,050,000 · Dec 2025December 2025
1514	1-bed	479 sqft	AED 739KAED 739,000 · Feb 2018February 2018	78,000 /yr
1515	1-bed	478 sqft	AED 1.05MAED 1,050,000 · Apr 2025April 2025	70,000 /yr
1516	1-bed	475 sqft	AED 1.02MAED 1,021,000 · Jun 2025June 2025	70,000 /yr
1517	1-bed	475 sqft	AED 754KAED 754,000 · Feb 2018February 2018	70,000 /yr
1518	1-bed	475 sqft	AED 754KAED 754,000 · Feb 2018February 2018	85,000 /yr
1519	1-bed	475 sqft	AED 754KAED 754,000 · Feb 2018February 2018
1520	1-bed	474 sqft	AED 754KAED 754,000 · Feb 2018February 2018
1521	2-bed	905 sqft	AED 1.8MAED 1,800,000 · Oct 2024October 2024	80,000 /yr

1–7 of 20

1503, Vera Residences in numbers

Sold twice: first on 11 February 2018 for AED 752,000, last on 4 April 2023 for AED 920,000 (AED 1,794 per sqft).
Rented since February 2023 on one Ejari contract, at AED 95,000 a year.
At AED 95,000 a year the gross yield on the 2023 price is 10.3%, before a service charge of about AED 11,300 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 4 April 2023.

Questions about 1503, Vera Residences

What did unit 1503 last sell for?

AED 920,000 on 4 April 2023: AED 1,794 per sqft for 513 sqft. The unit has 2 registered sales; the first was AED 752,000 in February 2018.

What is the rent for unit 1503?

AED 95,000 a year on the contract signed on 11 February 2023.

How big is unit 1503?

513 sqft (47.7 sqm): a one-bedroom apartment on the 15th floor of a 28-storey tower completed in 2022.

What is unit 1503 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 1503, Vera Residences

Starts from the last sale price (AED 920K, 4 April 2023). Switch to today's estimate once you have unlocked it.

Price: AED 920,000
Deposit, UAE resident (20%): AED 184,000
Deposit, non-resident (40%): AED 368,000
Monthly over 25 years at 3.7%: AED 3,764

Plus AED 43,650 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →