1-bed · 475 sqftVera Residences, Business Bay · 23rd floor · completed 2022

2316, 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 June 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2316 · DLD and Ejari recordsUpdated 21 April 2024

Last soldAED 840K25 June 2018

Current rentAED 70K /yr21 April 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 2316, Vera Residences

Today

What is 2316 worth today?

Last sold for AED 840,000 in 2018

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21 Apr 2024

21 Apr 2024RentedRenewal

AED 70,000/yr12 months · AED 148 per sqft

21 Apr 2024

21 Apr 2024RentedRenewal

AED 73,000/yr12 months · AED 154 per sqft

21 Apr 2023

21 Apr 2023RentedNew contract

AED 65,000/yr12 months · AED 137 per sqft

25 Jun 2018

25 Jun 2018Sold by developerOff-plan

AED 840,000AED 1,769 per sqft

Source: Dubai Land Department. Updated 21 April 2024.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 23rd of 28
Parking: P3-003
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 840K · June 2018
Building: Vera Residences

About 2316, Vera Residences

2316 is a one-bedroom apartment of 475 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 25 June 2018 for AED 840,000, or AED 1,769 per sqft, 12% above the AED 1,583 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 21 April 2024, is AED 70,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 2316 over time

Sales

Unit 2316, each saleTypical one-bed in Vera Residences

2316 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 2316, 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 2316 sits

All 283 1-beds →

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

2316 last sold in June 2018 at AED 1,769 per sqft, 12% above what one-beds in Vera Residences were fetching at the time (AED 1,583). 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. 2316's AED 70,000 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 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
2311	1-bed	477 sqft	AED 730KAED 730,000 · Feb 2018February 2018	78,000 /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
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

2316, Vera Residences in numbers

Sold once: by DAMAC on 25 June 2018 for AED 840,000, or AED 1,769 per sqft.
Rented since April 2023 on 3 Ejari contracts, from AED 65,000 to AED 70,000 a year.
At AED 70,000 a year the gross yield on the 2018 price is 8.3%, 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 21 April 2024.

Questions about 2316, Vera Residences

What did unit 2316 last sell for?

AED 840,000 on 25 June 2018, sold by the developer: AED 1,769 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 2316?

AED 70,000 a year on the contract renewed on 21 April 2024. The previous contract, from April 2024, was AED 73,000; the unit has been rented since April 2023.

How big is unit 2316?

475 sqft (44.1 sqm): a one-bedroom apartment on the 23rd floor of a 28-storey tower completed in 2022.

What is unit 2316 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 2316, Vera Residences

Starts from the last sale price (AED 840K, 25 June 2018). Switch to today's estimate once you have unlocked it.

Price: AED 840,000
Deposit, UAE resident (20%): AED 168,000
Deposit, non-resident (40%): AED 336,000
Monthly over 25 years at 3.7%: AED 3,437

Plus AED 40,290 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →