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2-bed · 897 sqftVera Residences, Business Bay · 28th floor · completed 2022

2808, Vera Residences

Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2808 · DLD and Ejari recordsUpdated 27 December 2024
Last soldAED 1.38M24 May 2018
Current rentAED 115K /yr27 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2808, Vera Residences

What is 2808 worth today?

Last sold for AED 1,375,000 in 2018

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27 Dec 2024RentedRenewal
AED 115,000/yr12 months · AED 129 per sqft
27 Dec 2023RentedNew contract
AED 110,000/yr12 months · AED 123 per sqft
15 Nov 2022RentedNew contract
AED 90,000/yr12 months · AED 101 per sqft
24 May 2018Sold by developerOff-plan
AED 1,375,000AED 1,533 per sqft

Source: Dubai Land Department. Updated 27 December 2024.

Key facts

Type
2-bed apartment
Size
897 sqft
Floor
28th of 28
Parking
G-025
Developer
DAMAC
Completed
2022
Service charge
AED 19,800 /yr
Last sold
AED 1.38M · May 2018
Building
Vera Residences

About 2808, Vera Residences

2808 is a two-bedroom apartment of 897 sqft on the 28th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 24 May 2018 for AED 1,375,000, or AED 1,533 per sqft, 13% above the AED 1,356 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 27 December 2024, is AED 115,000 a year: a gross yield of 8.4% on the 2018 price, before the service charge of about AED 19,800 a year.

Sales and rents for 2808 over time

Sales
Unit 2808, each saleTypical two-bed in Vera Residences
1.2M1.4M1.6M20182020202220242026Typical 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, May 2018: AED 1,375,000 (AED 1,533 per sqft)

2808 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2808, each contractTypical two-bed in Vera Residences
100K202220242026Typical 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 90,000 a yearNew contract, December 2023: AED 110,000 a yearRenewal, December 2024: AED 115,000 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 2808 sits

All 218 2-beds →

2808 last sold in May 2018 at AED 1,533 per sqft, 13% above what two-beds in Vera Residences were fetching at the time (AED 1,356). 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. 2808's AED 115,000 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 28th floor

All 522 units in Vera Residences
Value
28012-bedAED 1.41M · Jun 2018
28022-bedAED 2M · Mar 2025
28031-bedAED 1.12M · Oct 2024
28042-bedAED 1.43M · Jun 2018
28052-bedAED 1.41M · Nov 2024
2806AED 1.6M · Sep 2025
28072-bedAED 1M · Feb 2022
1–7 of 20

2808, Vera Residences in numbers

  • Sold once: by DAMAC on 24 May 2018 for AED 1,375,000, or AED 1,533 per sqft.
  • Rented since November 2022 on 3 Ejari contracts, from AED 90,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2018 price is 8.4%, before a service charge of about AED 19,800 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 27 December 2024.

Questions about 2808, Vera Residences

What did unit 2808 last sell for?

AED 1,375,000 on 24 May 2018, sold by the developer: AED 1,533 per sqft for 897 sqft. It is the only registered sale of the unit.

What is the rent for unit 2808?

AED 115,000 a year on the contract renewed on 27 December 2024. The previous contract, from December 2023, was AED 110,000; the unit has been rented since November 2022.

How big is unit 2808?

897 sqft (83.3 sqm): a two-bedroom apartment on the 28th floor of a 28-storey tower completed in 2022.

What is unit 2808 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 2808, Vera Residences

Starts from the last sale price (AED 1.38M, 24 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,375,000
Deposit, UAE resident (20%)
AED 275,000
Deposit, non-resident (40%)
AED 550,000
Monthly over 25 years at 3.7%
AED 5,626

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