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1-bed · 475 sqftVera Residences, Business Bay · 18th floor · completed 2022

1816, Vera Residences

Sold prices and rental history: sold once, by the developer in February 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1816 · DLD and Ejari recordsUpdated 3 October 2024
Last soldAED 727K11 February 2018
Current rentAED 70K /yr3 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1816, Vera Residences

What is 1816 worth today?

Last sold for AED 726,720 in 2018

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3 Oct 2024RentedNew contract
AED 70,000/yr12 months · AED 148 per sqft
20 Dec 2023RentedRenewal
AED 70,000/yr12 months · AED 148 per sqft
20 Dec 2022RentedNew contract
AED 70,000/yr12 months · AED 148 per sqft
11 Feb 2018Sold by developerOff-plan
AED 726,720AED 1,530 per sqft

Source: Dubai Land Department. Updated 3 October 2024.

Key facts

Type
1-bed apartment
Size
475 sqft
Floor
18th of 28
Parking
P3-057
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 727K · February 2018
Building
Vera Residences

About 1816, Vera Residences

1816 is a one-bedroom apartment of 475 sqft on the 18th 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 726,720, or AED 1,530 per sqft, in line with the AED 1,566 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 3 October 2024, is AED 70,000 a year: a gross yield of 9.6% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1816 over time

Sales
Unit 1816, each saleTypical one-bed in Vera Residences
800K1M20182020202220242026Typical sale price by year: 2018 AED 753,000; 2019 AED 741,560; 2022 AED 856,489; 2023 AED 900,000; 2024 AED 1,087,500; 2025 AED 1,090,000Sold by developer, February 2018: AED 726,720 (AED 1,530 per sqft)

1816 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1816, each contractTypical one-bed in Vera Residences
70K80K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 80,000New contract, December 2022: AED 70,000 a yearRenewal, December 2023: AED 70,000 a yearNew contract, October 2024: AED 70,000 a year

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 1816 sits

All 283 1-beds →

1816 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 1,566). 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. 1816's AED 70,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Dec 20251,050,000
9 Jul 20251,180,000
4 Jul 20251,120,000
3 Jul 20251,100,000
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 18th floor

All 522 units in Vera Residences
Value
18012-bedAED 1.19M · Feb 2018
18022-bedAED 1.19M · Feb 2018
18031-bedAED 779K · Feb 2018
18042-bedAED 1.24M · Feb 2018
18052-bedAED 1.45M · Jan 2024
18062-bedAED 1.28M · Feb 2019
18072-bedAED 1.15M · Feb 2018
1–7 of 20

1816, Vera Residences in numbers

  • Sold once: by DAMAC on 11 February 2018 for AED 726,720, or AED 1,530 per sqft.
  • Rented since December 2022 on 3 Ejari contracts, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2018 price is 9.6%, 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: Dubai Land Department. Updated 3 October 2024.

Questions about 1816, Vera Residences

What did unit 1816 last sell for?

AED 726,720 on 11 February 2018, sold by the developer: AED 1,530 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 1816?

AED 70,000 a year on the contract signed on 3 October 2024. The previous contract, from December 2023, was AED 70,000; the unit has been rented since December 2022.

How big is unit 1816?

475 sqft (44.1 sqm): a one-bedroom apartment on the 18th floor of a 28-storey tower completed in 2022.

What is unit 1816 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 1816, Vera Residences

Starts from the last sale price (AED 727K, 11 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 726,720
Deposit, UAE resident (20%)
AED 145,344
Deposit, non-resident (40%)
AED 290,688
Monthly over 25 years at 3.7%
AED 2,973

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