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2-bed · 908 sqftVera Residences, Business Bay · 4th floor · completed 2022

404, Vera Residences

Sold prices and rental history: sold once, by the developer in October 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 27 October 2025
Last soldAED 1.27M16 October 2019
Current rentAED 100K /yr27 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, Vera Residences

What is 404 worth today?

Last sold for AED 1,274,980 in 2019

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27 Oct 2025RentedNew contract
AED 100,000/yr12 months · AED 110 per sqft
2 Feb 2025RentedNew contract
AED 113,777/yr3 months · AED 125 per sqft
10 Nov 2023RentedRenewal
AED 99,000/yr12 months · AED 109 per sqft
10 Nov 2022RentedNew contract
AED 90,000/yr12 months · AED 100 per sqft
16 Oct 2019Sold by developerOff-plan
AED 1,274,980AED 1,404 per sqft

Source: Dubai Land Department. Updated 27 October 2025.

Key facts

Type
2-bed apartment
Size
908 sqft
Floor
4th of 28
Parking
P2-008
Developer
DAMAC
Completed
2022
Service charge
AED 20,000 /yr
Last sold
AED 1.27M · October 2019
Building
Vera Residences

About 404, Vera Residences

404 is a two-bedroom apartment of 908 sqft on the 4th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 16 October 2019 for AED 1,274,980, or AED 1,404 per sqft, in line with the AED 1,442 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 27 October 2025, is AED 100,000 a year: a gross yield of 7.8% on the 2019 price, before the service charge of about AED 20,000 a year.

Sales and rents for 404 over time

Sales
Unit 404, 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, October 2019: AED 1,274,980 (AED 1,404 per sqft)

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

Rents
Unit 404, 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 yearRenewal, November 2023: AED 99,000 a yearNew contract, February 2025: AED 113,777 a yearNew contract, October 2025: AED 100,000 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 404 sits

All 218 2-beds →

404 last sold in October 2019 at AED 1,404 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,442). 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. 404's AED 100,000 is in the lower 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 4th floor

All 522 units in Vera Residences
Value
4012-bedAED 1.29M · Jul 2019
4022-bedAED 1.28M · Aug 2018
4031-bedAED 780K · Mar 2018
4052-bedAED 1.32M · Mar 2019
4062-bedAED 1.57M · Jul 2022
4072-bedAED 1.7M · Mar 2025
4082-bedAED 1.48M · Jul 2019
1–7 of 16

404, Vera Residences in numbers

  • Sold once: by DAMAC on 16 October 2019 for AED 1,274,980, or AED 1,404 per sqft.
  • Rented since November 2022 on 4 Ejari contracts, from AED 90,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2019 price is 7.8%, before a service charge of about AED 20,000 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 October 2025.

Questions about 404, Vera Residences

What did unit 404 last sell for?

AED 1,274,980 on 16 October 2019, sold by the developer: AED 1,404 per sqft for 908 sqft. It is the only registered sale of the unit.

What is the rent for unit 404?

AED 100,000 a year on the contract signed on 27 October 2025. The previous contract, from February 2025, was AED 113,777; the unit has been rented since November 2022.

How big is unit 404?

908 sqft (84.4 sqm): a two-bedroom apartment on the 4th floor of a 28-storey tower completed in 2022.

What is unit 404 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 404, Vera Residences

Starts from the last sale price (AED 1.27M, 16 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,274,980
Deposit, UAE resident (20%)
AED 254,996
Deposit, non-resident (40%)
AED 509,992
Monthly over 25 years at 3.7%
AED 5,216

Plus AED 58,559 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →