406, Vera Residences
Sold prices and rental history: sold once, by the developer in July 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Vera Residences
What is 406 worth today?
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Source: Dubai Land Department. Updated 1 February 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 997 sqft
- Floor
- 4th of 28
- Parking
- P2-010
- Developer
- DAMAC
- Completed
- 2022
- Service charge
- AED 22,000 /yr
- Last sold
- AED 1.57M · July 2022
- Building
- Vera Residences
About 406, Vera Residences
406 is a two-bedroom apartment of 997 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 14 July 2022 for AED 1,571,920, or AED 1,576 per sqft, in line with the AED 1,563 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 February 2024, is AED 120,000 a year: a gross yield of 7.6% on the 2022 price, before the service charge of about AED 22,000 a year.
Sales and rents for 406 over time
406 has sold once; the dashed line is the two-bed median of each year in the building.
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 406 sits
All 218 2-beds →406 last sold in July 2022 at AED 1,576 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,563). 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. 406's AED 120,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jan 202627 January 2026 | 902 sqft | 1,450,000 | 1,608 | ||
| 10 Dec 202510 December 2025 | 899 sqft | 1,500,000 | 1,668 | ||
| 21 Jul 202521 July 2025 | 899 sqft | 1,500,000 | 1,668 | ||
| 8 Jul 20258 July 2025 | 900 sqft | 1,496,699 | 1,662 |
Vera Residences
Building522 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%
Other units on the 4th floor
All 522 units in Vera Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 900 sqft | AED 1.29MAED 1,289,000 · Jul 2019July 2019 | ||
| 402 | 2-bed | 890 sqft | AED 1.28MAED 1,275,000 · Aug 2018August 2018 | 106,000 /yr | |
| 403 | 1-bed | 473 sqft | AED 780KAED 780,000 · Mar 2018March 2018 | ||
| 404 | 2-bed | 908 sqft | AED 1.27MAED 1,274,980 · Oct 2019October 2019 | 100,000 /yr | |
| 405 | 2-bed | 907 sqft | AED 1.32MAED 1,322,000 · Mar 2019March 2019 | 101,640 /yr | |
| 407 | 2-bed | 1,043 sqft | AED 1.7MAED 1,700,000 · Mar 2025March 2025 | 115,000 /yr | |
| 408 | 2-bed | 901 sqft | AED 1.48MAED 1,483,000 · Jul 2019July 2019 | 100,000 /yr | |
| 409 | 2-bed | 906 sqft | AED 1.52MAED 1,522,000 · Oct 2018October 2018 | ||
| 410 | 1-bed | 479 sqft | AED 775KAED 775,000 · Mar 2018March 2018 | ||
| 411 | 1-bed | 477 sqft | AED 772KAED 772,000 · Jul 2018July 2018 | 75,000 /yr | |
| 412 | 1-bed | 476 sqft | AED 1.2MAED 1,195,000 · Jun 2024June 2024 | 75,000 /yr | |
| 413 | 1-bed | 485 sqft | AED 1.06MAED 1,060,000 · Jan 2024January 2024 | ||
| 414 | 1-bed | 481 sqft | AED 1.25MAED 1,250,000 · Nov 2024November 2024 | ||
| 415 | 1-bed | 479 sqft | AED 797KAED 797,000 · May 2018May 2018 | 70,000 /yr | |
| 416 | 2-bed | 475 sqft | AED 1.04MAED 1,041,000 · Oct 2018October 2018 | 104,000 /yr | |
| 417 | 1-bed | 475 sqft | AED 872KAED 871,500 · May 2022May 2022 |
406, Vera Residences in numbers
- Sold once: by DAMAC on 14 July 2022 for AED 1,571,920, or AED 1,576 per sqft.
- Rented since November 2022 on 3 Ejari contracts, from AED 110,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2022 price is 7.6%, before a service charge of about AED 22,000 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 1 February 2024.
Questions about 406, Vera Residences
What did unit 406 last sell for?
AED 1,571,920 on 14 July 2022, sold by the developer: AED 1,576 per sqft for 997 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 120,000 a year on the contract signed on 1 February 2024. The previous contract, from July 2023, was AED 100,000; the unit has been rented since November 2022.
How big is unit 406?
997 sqft (92.6 sqm): a two-bedroom apartment on the 4th floor of a 28-storey tower completed in 2022.
What is unit 406 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 406, Vera Residences
Starts from the last sale price (AED 1.57M, 14 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,571,920
- Deposit, UAE resident (20%)
- AED 314,384
- Deposit, non-resident (40%)
- AED 628,768
- Monthly over 25 years at 3.7%
- AED 6,431
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →