2-bed · 905 sqftVera Residences, Business Bay · 23rd floor · completed 2022

2301, Vera Residences

Sold prices and rental history: sold once, by the developer in July 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2301 · DLD and Ejari recordsUpdated 14 July 2022
Last soldAED 1.77M14 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2301, Vera Residences

What is 2301 worth today?

Last sold for AED 1,773,000 in 2022

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14 Jul 2022Sold by developerOff-plan
AED 1,773,000AED 1,959 per sqft

Source: Dubai Land Department. Updated 14 July 2022.

Key facts

Type
2-bed apartment
Size
905 sqft
Floor
23rd of 28
Parking
P1-001
Developer
DAMAC
Completed
2022
Service charge
AED 19,900 /yr
Last sold
AED 1.77M · July 2022

About 2301, Vera Residences

2301 is a two-bedroom apartment of 905 sqft on the 23rd floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 14 July 2022 for AED 1,773,000, or AED 1,959 per sqft, 25% above the AED 1,563 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2301 over time

Sales
Unit 2301, each saleTypical two-bed in Vera Residences
1.5M20182020202220242026Typical 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, July 2022: AED 1,773,000 (AED 1,959 per sqft)

2301 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2301, 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 110,000

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 2301 sits

All 218 2-beds →

2301 last sold in July 2022 at AED 1,959 per sqft, 25% above what two-beds in Vera Residences were fetching at the time (AED 1,563). 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.

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 23rd floor

All 522 units in Vera Residences
Value
23022-bedAED 1.33M · Dec 2018
23031-bedAED 740K · Feb 2018
23042-bedAED 1.36M · Apr 2018
23052-bedAED 1.33M · Mar 2018
23062-bedAED 1.32M · Apr 2018
23072-bedAED 1.32M · May 2018
23082-bedAED 1.32M · Jun 2019
1–7 of 20

2301, Vera Residences in numbers

  • Sold once: by DAMAC on 14 July 2022 for AED 1,773,000, or AED 1,959 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 14 July 2022.

Questions about 2301, Vera Residences

What did unit 2301 last sell for?

AED 1,773,000 on 14 July 2022, sold by the developer: AED 1,959 per sqft for 905 sqft. It is the only registered sale of the unit.

How big is unit 2301?

905 sqft (84.1 sqm): a two-bedroom apartment on the 23rd floor of a 28-storey tower completed in 2022.

What is unit 2301 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 2301, Vera Residences

Starts from the last sale price (AED 1.77M, 14 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,773,000
Deposit, UAE resident (20%)
AED 354,600
Deposit, non-resident (40%)
AED 709,200
Monthly over 25 years at 3.7%
AED 7,254

Plus AED 79,476 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →