1-bed · 477 sqftVera Residences, Business Bay · 5th floor · completed 2022

511, Vera Residences

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in February 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 511 · DLD and Ejari recordsUpdated 10 August 2024

Last soldAED 742K26 February 2018

Current rentAED 67K /yr10 August 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 511, Vera Residences

Today

What is 511 worth today?

Last sold for AED 742,000 in 2018

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10 Aug 2024

10 Aug 2024RentedNew contract

AED 67,000/yr12 months · AED 141 per sqft

9 Apr 2023

9 Apr 2023RentedNew contract

AED 65,000/yr12 months · AED 137 per sqft

26 Feb 2018

26 Feb 2018Sold by developerOff-plan

AED 742,000AED 1,554 per sqft

Source: Dubai Land Department. Updated 10 August 2024.

Key facts

Type: 1-bed apartment
Size: 477 sqft
Floor: 5th of 28
Parking: B-013
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 742K · February 2018
Building: Vera Residences

About 511, Vera Residences

511 is a one-bedroom apartment of 477 sqft on the 5th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 26 February 2018 for AED 742,000, or AED 1,554 per sqft, in line with the AED 1,575 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 10 August 2024, is AED 67,000 a year: a gross yield of 9.0% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 511 over time

Sales

Unit 511, each saleTypical one-bed in Vera Residences

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

Rents

Unit 511, each contractTypical one-bed in Vera Residences

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 511 sits

All 283 1-beds →

1-beds in Vera Residences · last 12 months2,346 /sqft Vera Residences · all types1,668 /sqft

511 last sold in February 2018 at AED 1,554 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,575). 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. 511's AED 67,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
18 Dec 202518 December 2025	485 sqft	1,050,000	2,164
9 Jul 20259 July 2025	475 sqft	1,180,000	2,485
4 Jul 20254 July 2025	513 sqft	1,120,000	2,184
3 Jul 20253 July 2025	511 sqft	1,100,000	2,151

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 5th floor

All 522 units in Vera Residences


501	2-bed	900 sqft	AED 1.29MAED 1,291,000 · Apr 2018April 2018
502	2-bed	890 sqft	AED 1.28MAED 1,277,000 · Jun 2019June 2019
503	1-bed	473 sqft	AED 768KAED 768,000 · Mar 2018March 2018
504	2-bed	908 sqft	AED 1.31MAED 1,311,000 · Jun 2018June 2018	85,000 /yr
505	2-bed	905 sqft	AED 1.27MAED 1,267,000 · Jul 2018July 2018
506	2-bed	900 sqft	AED 1.26MAED 1,261,000 · Oct 2018October 2018
507	2-bed	902 sqft	AED 1.27MAED 1,265,000 · Jul 2018July 2018	94,500 /yr
508	2-bed	899 sqft	AED 1.25MAED 1,251,360 · Jun 2018June 2018	102,000 /yr
509	2-bed	908 sqft	AED 1.25MAED 1,250,000 · Jul 2023July 2023	90,000 /yr
510	1-bed	479 sqft	AED 749KAED 749,000 · Feb 2018February 2018	70,000 /yr
512	1-bed	476 sqft	AED 740KAED 740,000 · Feb 2018February 2018	70,000 /yr
513	1-bed	475 sqft	AED 745KAED 745,000 · Feb 2018February 2018	70,000 /yr
514	1-bed	479 sqft	AED 756KAED 756,000 · Jul 2018July 2018	66,000 /yr
515	Studio	358 sqft	AED 750KAED 750,000 · Jul 2025July 2025	60,000 /yr
516	Studio	354 sqft	AED 870KAED 870,000 · Feb 2025February 2025
517	Studio	318 sqft	AED 611KAED 611,000 · May 2019May 2019
518	Studio	353 sqft	AED 800KAED 800,000 · Mar 2025March 2025
519	1-bed	476 sqft	AED 770KAED 770,000 · Feb 2018February 2018
520	1-bed	608 sqft	AED 860KAED 860,000 · Jun 2023June 2023
521	1-bed	475 sqft	AED 770KAED 770,000 · Mar 2018March 2018	72,000 /yr
522	2-bed	911 sqft	AED 1.31MAED 1,307,000 · Jun 2018June 2018	105,452 /yr

1–7 of 21

511, Vera Residences in numbers

Sold once: by DAMAC on 26 February 2018 for AED 742,000, or AED 1,554 per sqft.
Rented since April 2023 on 2 Ejari contracts, from AED 65,000 to AED 67,000 a year.
At AED 67,000 a year the gross yield on the 2018 price is 9.0%, before a service charge of about AED 10,500 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 10 August 2024.

Questions about 511, Vera Residences

What did unit 511 last sell for?

AED 742,000 on 26 February 2018, sold by the developer: AED 1,554 per sqft for 477 sqft. It is the only registered sale of the unit.

What is the rent for unit 511?

AED 67,000 a year on the contract signed on 10 August 2024. The previous contract, from April 2023, was AED 65,000.

How big is unit 511?

477 sqft (44.3 sqm): a one-bedroom apartment on the 5th floor of a 28-storey tower completed in 2022.

What is unit 511 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 511, Vera Residences

Starts from the last sale price (AED 742K, 26 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 742,000
Deposit, UAE resident (20%): AED 148,400
Deposit, non-resident (40%): AED 296,800
Monthly over 25 years at 3.7%: AED 3,036

Plus AED 36,174 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →