1-bed · 487 sqftVera Residences, Business Bay · 24th floor · completed 2022

2413, Vera Residences

Sold prices and rental history: sold 3 times, last in March 2024, and rented once, from August 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2413 · DLD and Ejari recordsUpdated 11 March 2024
Last soldAED 1.1M11 March 2024
Current rentAED 81K /yr24 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2413, Vera Residences

What is 2413 worth today?

Last sold for AED 1,100,000 in 2024

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11 Mar 2024SoldReady
AED 1,100,000AED 2,258 per sqft
20 Mar 2023SoldReady
AED 855,000AED 1,755 per sqft
24 Aug 2022RentedNew contract
AED 81,000/yr12 months · AED 166 per sqft
26 Apr 2022Sold by developerOff-plan
AED 912,450AED 1,922 per sqft

Source: Dubai Land Department. Updated 11 March 2024.

Key facts

Type
1-bed apartment
Size
487 sqft
Floor
24th of 28
Parking
P2-114
Developer
DAMAC
Completed
2022
Service charge
AED 10,700 /yr
Last sold
AED 1.1M · March 2024

About 2413, Vera Residences

2413 is a one-bedroom apartment of 487 sqft on the 24th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 11 March 2024 for AED 1,100,000, or AED 2,258 per sqft, 16% above the AED 1,942 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 August 2022. The current contract, signed on 24 August 2022, is AED 81,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 10,700 a year.

Sales and rents for 2413 over time

Sales
Unit 2413, 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, April 2022: AED 912,450 (AED 1,922 per sqft)Sold, March 2023: AED 855,000 (AED 1,755 per sqft)Sold, March 2024: AED 1,100,000 (AED 2,258 per sqft)

2413 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2413, 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, August 2022: AED 81,000 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 2413 sits

All 283 1-beds →

2413 last sold in March 2024 at AED 2,258 per sqft, 16% above what one-beds in Vera Residences were fetching at the time (AED 1,942). 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. 2413's AED 81,000 is in the upper 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 24th floor

All 522 units in Vera Residences
Value
24012-bedAED 1.46M · May 2022
24022-bedAED 1.69M · Mar 2023
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
1–7 of 20

2413, Vera Residences in numbers

  • Sold 3 times: first on 26 April 2022 for AED 912,450, last on 11 March 2024 for AED 1,100,000 (AED 2,258 per sqft).
  • Rented since August 2022 on one Ejari contract, at AED 81,000 a year.
  • At AED 81,000 a year the gross yield on the 2024 price is 7.4%, before a service charge of about AED 10,700 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 11 March 2024.

Questions about 2413, Vera Residences

What did unit 2413 last sell for?

AED 1,100,000 on 11 March 2024: AED 2,258 per sqft for 487 sqft. The unit has 3 registered sales; the first was AED 912,450 in April 2022.

What is the rent for unit 2413?

AED 81,000 a year on the contract signed on 24 August 2022.

How big is unit 2413?

487 sqft (45.2 sqm): a one-bedroom apartment on the 24th floor of a 28-storey tower completed in 2022.

What is unit 2413 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 2413, Vera Residences

Starts from the last sale price (AED 1.1M, 11 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →