1-bed · 477 sqftVera Residences, Business Bay · 15th floor · completed 2022

1511, 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 July 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1511 · DLD and Ejari recordsUpdated 15 November 2025

Last soldAED 725K4 July 2018

Current rentAED 75K /yr15 November 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1511, Vera Residences

Today

What is 1511 worth today?

Last sold for AED 725,000 in 2018

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15 Nov 2025

15 Nov 2025RentedRenewal

AED 75,000/yr12 months · AED 157 per sqft

15 Nov 2024

15 Nov 2024RentedNew contract

AED 75,000/yr12 months · AED 157 per sqft

10 Nov 2023

10 Nov 2023RentedRenewal

AED 70,000/yr12 months · AED 147 per sqft

10 Nov 2022

10 Nov 2022RentedNew contract

AED 68,000/yr12 months · AED 142 per sqft

4 Jul 2018

4 Jul 2018Sold by developerOff-plan

AED 725,000AED 1,519 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2025.

Key facts

Type: 1-bed apartment
Size: 477 sqft
Floor: 15th of 28
Parking: P3-096
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 725K · July 2018
Building: Vera Residences

About 1511, Vera Residences

1511 is a one-bedroom apartment of 477 sqft on the 15th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 4 July 2018 for AED 725,000, or AED 1,519 per sqft, 4% below the AED 1,583 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 15 November 2025, is AED 75,000 a year: a gross yield of 10.3% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1511 over time

Sales

Unit 1511, each saleTypical one-bed in Vera Residences

1511 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1511, 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 1511 sits

All 283 1-beds →

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

1511 last sold in July 2018 at AED 1,519 per sqft, 4% below what one-beds in Vera Residences were fetching at the time (AED 1,583). 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. 1511's AED 75,000 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 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
1503	1-bed	513 sqft	AED 920KAED 920,000 · Apr 2023April 2023	95,000 /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
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

1511, Vera Residences in numbers

Sold once: by DAMAC on 4 July 2018 for AED 725,000, or AED 1,519 per sqft.
Rented since November 2022 on 4 Ejari contracts, from AED 68,000 to AED 75,000 a year.
At AED 75,000 a year the gross yield on the 2018 price is 10.3%, 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 15 November 2025.

Questions about 1511, Vera Residences

What did unit 1511 last sell for?

AED 725,000 on 4 July 2018, sold by the developer: AED 1,519 per sqft for 477 sqft. It is the only registered sale of the unit.

What is the rent for unit 1511?

AED 75,000 a year on the contract renewed on 15 November 2025. The previous contract, from November 2024, was AED 75,000; the unit has been rented since November 2022.

How big is unit 1511?

477 sqft (44.3 sqm): a one-bedroom apartment on the 15th floor of a 28-storey tower completed in 2022.

What is unit 1511 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 1511, Vera Residences

Starts from the last sale price (AED 725K, 4 July 2018). Switch to today's estimate once you have unlocked it.

Price: AED 725,000
Deposit, UAE resident (20%): AED 145,000
Deposit, non-resident (40%): AED 290,000
Monthly over 25 years at 3.7%: AED 2,966

Plus AED 35,460 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →