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2-bed · 900 sqftVera Residences, Business Bay · 17th floor · completed 2022

1706, Vera Residences

Sold prices and rental history: sold once, by the developer in February 2018, and rented once, from February 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 28 February 2023
Last soldAED 1.15M12 February 2018
Current rentAED 90K /yr28 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, Vera Residences

What is 1706 worth today?

Last sold for AED 1,152,000 in 2018

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28 Feb 2023RentedNew contract
AED 90,000/yr12 months · AED 100 per sqft
12 Feb 2018Sold by developerOff-plan
AED 1,152,000AED 1,279 per sqft

Source: Dubai Land Department. Updated 28 February 2023.

Key facts

Type
2-bed apartment
Size
900 sqft
Floor
17th of 28
Parking
P1-053
Developer
DAMAC
Completed
2022
Service charge
AED 19,800 /yr
Last sold
AED 1.15M · February 2018
Building
Vera Residences

About 1706, Vera Residences

1706 is a two-bedroom apartment of 900 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 1,152,000, or AED 1,279 per sqft, 4% below the AED 1,329 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 February 2023. The current contract, signed on 28 February 2023, is AED 90,000 a year: a gross yield of 7.8% on the 2018 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, each saleTypical two-bed in Vera Residences
1.25M1.5M20182020202220242026Typical sale price by year: 2018 AED 1,233,000; 2019 AED 1,286,500; 2020 AED 1,200,562; 2021 AED 1,263,000; 2022 AED 1,409,800; 2023 AED 1,450,000; 2024 AED 1,500,000; 2025 AED 1,600,000Sold by developer, February 2018: AED 1,152,000 (AED 1,279 per sqft)

1706 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1706, each contractTypical two-bed in Vera Residences
90K100K110K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,875; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 110,000New contract, February 2023: AED 90,000 a year

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 1706 sits

All 218 2-beds →

1706 last sold in February 2018 at AED 1,279 per sqft, 4% below 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. 1706's AED 90,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Jan 20261,450,000
10 Dec 20251,500,000
21 Jul 20251,500,000
8 Jul 20251,496,699
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 17th floor

All 522 units in Vera Residences
Value
17012-bedAED 1.24M · Feb 2018
17022-bedAED 1.24M · Mar 2018
17031-bedAED 724K · Feb 2018
17042-bedAED 1.19M · Feb 2018
17052-bedAED 1.16M · Feb 2018
17072-bedAED 1.53M · Jan 2024
17082-bedAED 1.5M · Jul 2025
1–7 of 20

1706, Vera Residences in numbers

  • Sold once: by DAMAC on 12 February 2018 for AED 1,152,000, or AED 1,279 per sqft.
  • Rented since February 2023 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2018 price is 7.8%, before a service charge of about AED 19,800 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 28 February 2023.

Questions about 1706, Vera Residences

What did unit 1706 last sell for?

AED 1,152,000 on 12 February 2018, sold by the developer: AED 1,279 per sqft for 900 sqft. It is the only registered sale of the unit.

What is the rent for unit 1706?

AED 90,000 a year on the contract signed on 28 February 2023.

How big is unit 1706?

900 sqft (83.6 sqm): a two-bedroom apartment on the 17th floor of a 28-storey tower completed in 2022.

What is unit 1706 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 1706, Vera Residences

Starts from the last sale price (AED 1.15M, 12 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,152,000
Deposit, UAE resident (20%)
AED 230,400
Deposit, non-resident (40%)
AED 460,800
Monthly over 25 years at 3.7%
AED 4,713

Plus AED 53,394 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →