1-bed · 477 sqftVera Residences, Business Bay · 23rd floor · completed 2022

2311, 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 continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2311 · DLD and Ejari recordsUpdated 8 September 2025

Last soldAED 730K28 February 2018

Current rentAED 78K /yr8 September 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 2311, Vera Residences

Today

What is 2311 worth today?

Last sold for AED 730,000 in 2018

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8 Sep 2025

8 Sep 2025RentedNew contract

AED 78,000/yr12 months · AED 163 per sqft

30 Aug 2024

30 Aug 2024RentedNew contract

AED 73,500/yr12 months · AED 154 per sqft

30 Aug 2023

30 Aug 2023RentedNew contract

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

22 Sep 2022

22 Sep 2022RentedNew contract

AED 75,000/yr12 months · AED 158 per sqft

28 Feb 2018

28 Feb 2018Sold by developerOff-plan

AED 730,000AED 1,529 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 September 2025.

Key facts

Type: 1-bed apartment
Size: 477 sqft
Floor: 23rd of 28
Parking: P2-124
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 730K · February 2018
Building: Vera Residences

About 2311, Vera Residences

2311 is a one-bedroom apartment of 477 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 28 February 2018 for AED 730,000, or AED 1,529 per sqft, in line with the AED 1,574 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 8 September 2025, is AED 78,000 a year: a gross yield of 10.7% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 2311 over time

Sales

Unit 2311, each saleTypical one-bed in Vera Residences

2311 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 2311, 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 2311 sits

All 283 1-beds →

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

2311 last sold in February 2018 at AED 1,529 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,574). 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. 2311's AED 78,000 is in the upper 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 23rd floor

All 522 units in Vera Residences


2301	2-bed	905 sqft	AED 1.77MAED 1,773,000 · Jul 2022July 2022
2302	2-bed	892 sqft	AED 1.33MAED 1,333,000 · Dec 2018December 2018	110,000 /yr
2303	1-bed	473 sqft	AED 740KAED 740,000 · Feb 2018February 2018	78,000 /yr
2304	2-bed	908 sqft	AED 1.36MAED 1,362,000 · Apr 2018April 2018	120,000 /yr
2305	2-bed	906 sqft	AED 1.33MAED 1,332,000 · Mar 2018March 2018	118,000 /yr
2306	2-bed	901 sqft	AED 1.32MAED 1,323,000 · Apr 2018April 2018	116,000 /yr
2307	2-bed	901 sqft	AED 1.32MAED 1,317,000 · May 2018May 2018
2308	2-bed	899 sqft	AED 1.32MAED 1,316,000 · Jun 2019June 2019	105,000 /yr
2309	2-bed	909 sqft	AED 1.33MAED 1,333,000 · Apr 2018April 2018	100,000 /yr
2310	1-bed	475 sqft	AED 525KAED 525,000 · Mar 2021March 2021	75,000 /yr
2312	1-bed	478 sqft	AED 822KAED 822,000 · Dec 2018December 2018
2313	1-bed	475 sqft	AED 841KAED 841,000 · Oct 2018October 2018	70,000 /yr
2314	1-bed	485 sqft	AED 980KAED 980,000 · Aug 2023August 2023	85,000 /yr
2315	1-bed	480 sqft	AED 1.2MAED 1,200,000 · Mar 2024March 2024	90,000 /yr
2316	1-bed	475 sqft	AED 840KAED 840,000 · Jun 2018June 2018	73,000 /yr
2317	1-bed	475 sqft	AED 1.14MAED 1,140,000 · Aug 2024August 2024	102,000 /yr
2318	1-bed	475 sqft	AED 1.05MAED 1,050,000 · Nov 2024November 2024	69,895 /yr
2319	1-bed	475 sqft	AED 844KAED 844,000 · May 2018May 2018
2320	1-bed	474 sqft	AED 844KAED 844,000 · May 2018May 2018
2321	2-bed	906 sqft	AED 1.36MAED 1,360,000 · Jul 2018July 2018	125,000 /yr

1–7 of 20

2311, Vera Residences in numbers

Sold once: by DAMAC on 28 February 2018 for AED 730,000, or AED 1,529 per sqft.
Rented since September 2022 on 4 Ejari contracts, from AED 75,000 to AED 78,000 a year.
At AED 78,000 a year the gross yield on the 2018 price is 10.7%, 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 8 September 2025.

Questions about 2311, Vera Residences

What did unit 2311 last sell for?

AED 730,000 on 28 February 2018, sold by the developer: AED 1,529 per sqft for 477 sqft. It is the only registered sale of the unit.

What is the rent for unit 2311?

AED 78,000 a year on the contract signed on 8 September 2025. The previous contract, from August 2024, was AED 73,500; the unit has been rented since September 2022.

How big is unit 2311?

477 sqft (44.3 sqm): a one-bedroom apartment on the 23rd floor of a 28-storey tower completed in 2022.

What is unit 2311 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 2311, Vera Residences

Starts from the last sale price (AED 730K, 28 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 730,000
Deposit, UAE resident (20%): AED 146,000
Deposit, non-resident (40%): AED 292,000
Monthly over 25 years at 3.7%: AED 2,987

Plus AED 35,670 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →