2-bed · 892 sqftVera Residences, Business Bay · 24th floor · completed 2022

2402, Vera Residences

Sold prices and rental history: sold once, by the developer in March 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 2 March 2023
Last soldAED 1.69M2 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2402, Vera Residences

What is 2402 worth today?

Last sold for AED 1,693,440 in 2023

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2 Mar 2023Sold by developerReady
AED 1,693,440AED 1,898 per sqft

Source: Dubai Land Department. Updated 2 March 2023.

Key facts

Type
2-bed apartment
Size
892 sqft
Floor
24th of 28
Parking
G-006
Developer
DAMAC
Completed
2022
Service charge
AED 19,700 /yr
Last sold
AED 1.69M · March 2023

About 2402, Vera Residences

2402 is a two-bedroom apartment of 892 sqft on the 24th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 2 March 2023 for AED 1,693,440, or AED 1,898 per sqft, 21% above the AED 1,564 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2402 over time

Sales
Unit 2402, each saleTypical two-bed in Vera Residences
1.25M1.5M1.75M20182020202220242026Typical 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, March 2023: AED 1,693,440 (AED 1,898 per sqft)

2402 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2402, 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 2402 sits

All 218 2-beds →

2402 last sold in March 2023 at AED 1,898 per sqft, 21% above what two-beds in Vera Residences were fetching at the time (AED 1,564). 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 24th floor

All 522 units in Vera Residences
Value
24012-bedAED 1.46M · May 2022
24031-bedAED 999K · Sep 2023
24042-bedAED 2M · Aug 2024
24052-bedAED 1.37M · Jan 2022
24062-bedAED 1.43M · Mar 2022
24072-bedAED 1.38M · May 2023
24082-bedAED 1.5M · Dec 2023
1–7 of 20

2402, Vera Residences in numbers

  • Sold once: by DAMAC on 2 March 2023 for AED 1,693,440, or AED 1,898 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 2 March 2023.

Questions about 2402, Vera Residences

What did unit 2402 last sell for?

AED 1,693,440 on 2 March 2023, sold by the developer: AED 1,898 per sqft for 892 sqft. It is the only registered sale of the unit.

How big is unit 2402?

892 sqft (82.9 sqm): a two-bedroom apartment on the 24th floor of a 28-storey tower completed in 2022.

What is unit 2402 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 2402, Vera Residences

Starts from the last sale price (AED 1.69M, 2 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,693,440
Deposit, UAE resident (20%)
AED 338,688
Deposit, non-resident (40%)
AED 677,376
Monthly over 25 years at 3.7%
AED 6,928

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