1-bed · 473 sqftVera Residences, Business Bay · 17th floor · completed 2022

1703, 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 1703 · DLD and Ejari recordsUpdated 2 March 2025

Last soldAED 724K12 February 2018

Current rentAED 72K /yr2 March 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1703, Vera Residences

Today

What is 1703 worth today?

Last sold for AED 723,840 in 2018

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2 Mar 2025

2 Mar 2025RentedRenewal

AED 71,613/yr12 months · AED 139 per sqft

1 Mar 2024

1 Mar 2024RentedRenewal

AED 67,818/yr12 months · AED 131 per sqft

1 Mar 2023

1 Mar 2023RentedRenewal

AED 68,000/yr12 months · AED 134 per sqft

12 Feb 2018

12 Feb 2018Sold by developerOff-plan

AED 723,840AED 1,530 per sqft

Source: Dubai Land Department. Updated 2 March 2025.

Key facts

Type: 1-bed apartment
Size: 473 sqft
Floor: 17th of 28
Parking: P3-079
Developer: DAMAC
Completed: 2022
Service charge: AED 10,400 /yr
Last sold: AED 724K · February 2018
Building: Vera Residences

About 1703, Vera Residences

1703 is a one-bedroom apartment of 473 sqft on the 17th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 12 February 2018 for AED 723,840, or AED 1,530 per sqft, in line with the AED 1,569 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 2 March 2025, is AED 71,613 a year: a gross yield of 9.9% on the 2018 price, before the service charge of about AED 10,400 a year.

Sales and rents for 1703 over time

Sales

Unit 1703, each saleTypical one-bed in Vera Residences

1703 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1703, 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 1703 sits

All 283 1-beds →

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

1703 last sold in February 2018 at AED 1,530 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,569). 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. 1703's AED 71,613 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 17th floor

All 522 units in Vera Residences


1701	2-bed	900 sqft	AED 1.24MAED 1,236,000 · Feb 2018February 2018	94,475 /yr
1702	2-bed	890 sqft	AED 1.24MAED 1,240,000 · Mar 2018March 2018	120,000 /yr
1704	2-bed	908 sqft	AED 1.19MAED 1,193,280 · Feb 2018February 2018	113,000 /yr
1705	2-bed	905 sqft	AED 1.16MAED 1,159,680 · Feb 2018February 2018	90,000 /yr
1706	2-bed	900 sqft	AED 1.15MAED 1,152,000 · Feb 2018February 2018	90,000 /yr
1707	2-bed	902 sqft	AED 1.53MAED 1,530,000 · Jan 2024January 2024	127,000 /yr
1708	2-bed	899 sqft	AED 1.5MAED 1,500,000 · Jul 2025July 2025
1709	2-bed	908 sqft	AED 1.55MAED 1,550,000 · Nov 2023November 2023	125,000 /yr
1710	1-bed	479 sqft	AED 706KAED 705,600 · Feb 2018February 2018	151,948 /yr
1711	1-bed	477 sqft	AED 698KAED 697,920 · Feb 2018February 2018	71,400 /yr
1712	1-bed	476 sqft	AED 900KAED 900,000 · Sep 2023September 2023	73,000 /yr
1713	1-bed	475 sqft	AED 730KAED 730,000 · Apr 2018April 2018	70,000 /yr
1714	1-bed	485 sqft	AED 1.1MAED 1,100,000 · Mar 2024March 2024	75,000 /yr
1715	1-bed	478 sqft	AED 765KAED 765,000 · Feb 2018February 2018	79,000 /yr
1716	1-bed	475 sqft	AED 756KAED 756,000 · Apr 2018April 2018	81,105 /yr
1717	1-bed	475 sqft	AED 800KAED 800,000 · Mar 2023March 2023	82,000 /yr
1718	1-bed	475 sqft	AED 726KAED 725,760 · Feb 2018February 2018	73,500 /yr
1719	1-bed	475 sqft	AED 726KAED 725,760 · Feb 2018February 2018	71,400 /yr
1720	1-bed	474 sqft	AED 726KAED 725,760 · Feb 2018February 2018	78,750 /yr
1721	2-bed	905 sqft	AED 1.19MAED 1,192,320 · Feb 2018February 2018	113,000 /yr

1–7 of 20

1703, Vera Residences in numbers

Sold once: by DAMAC on 12 February 2018 for AED 723,840, or AED 1,530 per sqft.
Rented since March 2023 on 3 Ejari contracts, from AED 68,000 to AED 71,613 a year.
At AED 71,613 a year the gross yield on the 2018 price is 9.9%, before a service charge of about AED 10,400 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 2 March 2025.

Questions about 1703, Vera Residences

What did unit 1703 last sell for?

AED 723,840 on 12 February 2018, sold by the developer: AED 1,530 per sqft for 473 sqft. It is the only registered sale of the unit.

What is the rent for unit 1703?

AED 71,613 a year on the contract renewed on 2 March 2025. The previous contract, from March 2024, was AED 67,818; the unit has been rented since March 2023.

How big is unit 1703?

473 sqft (43.9 sqm): a one-bedroom apartment on the 17th floor of a 28-storey tower completed in 2022.

What is unit 1703 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 1703, Vera Residences

Starts from the last sale price (AED 724K, 12 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 723,840
Deposit, UAE resident (20%): AED 144,768
Deposit, non-resident (40%): AED 289,536
Monthly over 25 years at 3.7%: AED 2,961

Plus AED 35,412 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →