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2-bed · 905 sqftVera Residences, Business Bay · 26th floor · completed 2022

2601, Vera Residences

Sold prices and rental history: sold twice, last in June 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2601 · DLD and Ejari recordsUpdated 28 June 2024
Last soldAED 1.7M28 June 2024
Current rentAED 117K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2601, Vera Residences

What is 2601 worth today?

Last sold for AED 1,700,000 in 2024

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28 Jun 2024SoldReady
AED 1,700,000AED 1,878 per sqft
1 Nov 2023RentedRenewal
AED 117,000/yr12 months · AED 129 per sqft
1 Nov 2022RentedNew contract
AED 117,000/yr12 months · AED 129 per sqft
28 Feb 2018Sold by developerOff-plan
AED 1,261,000AED 1,393 per sqft

Source: Dubai Land Department. Updated 28 June 2024.

Key facts

Type
2-bed apartment
Size
905 sqft
Floor
26th of 28
Parking
G-033
Developer
DAMAC
Completed
2022
Service charge
AED 19,900 /yr
Last sold
AED 1.7M · June 2024
Building
Vera Residences

About 2601, Vera Residences

2601 is a two-bedroom apartment of 905 sqft on the 26th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 28 June 2024 for AED 1,700,000, or AED 1,878 per sqft, 10% above the AED 1,706 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 117,000 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 19,900 a year.

Sales and rents for 2601 over time

Sales
Unit 2601, 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, February 2018: AED 1,261,000 (AED 1,393 per sqft)Sold, June 2024: AED 1,700,000 (AED 1,878 per sqft)

2601 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2601, each contractTypical two-bed in Vera Residences
100K120K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,875; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 110,000New contract, November 2022: AED 117,000 a yearRenewal, November 2023: AED 117,000 a year

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 2601 sits

All 218 2-beds →

2601 last sold in June 2024 at AED 1,878 per sqft, 10% above what two-beds in Vera Residences were fetching at the time (AED 1,706). 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. 2601's AED 117,000 is in the upper half of that range.

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 26th floor

All 522 units in Vera Residences
Value
26022-bedAED 1.34M · Feb 2019
26031-bedAED 1.19M · Jun 2025
26042-bedAED 1.22M · Feb 2018
26052-bedAED 1.18M · Feb 2018
26062-bedAED 1.3M · May 2018
26072-bedAED 1.23M · Feb 2018
26082-bedAED 1.23M · May 2018
1–7 of 20

2601, Vera Residences in numbers

  • Sold twice: first on 28 February 2018 for AED 1,261,000, last on 28 June 2024 for AED 1,700,000 (AED 1,878 per sqft).
  • Rented since November 2022 on 2 Ejari contracts, at AED 117,000 a year.
  • At AED 117,000 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 19,900 a year (AED 22.04 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 28 June 2024.

Questions about 2601, Vera Residences

What did unit 2601 last sell for?

AED 1,700,000 on 28 June 2024: AED 1,878 per sqft for 905 sqft. The unit has 2 registered sales; the first was AED 1,261,000 in February 2018.

What is the rent for unit 2601?

AED 117,000 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 117,000.

How big is unit 2601?

905 sqft (84.1 sqm): a two-bedroom apartment on the 26th floor of a 28-storey tower completed in 2022.

What is unit 2601 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 2601, Vera Residences

Starts from the last sale price (AED 1.7M, 28 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

Plus AED 76,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →