1-bed · 477 sqftVera Residences, Business Bay · 6th floor · completed 2022

611, 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 June 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 611 · DLD and Ejari recordsUpdated 10 August 2024

Last soldAED 795K22 June 2022

Current rentAED 72K /yr10 August 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 611, Vera Residences

Today

What is 611 worth today?

Last sold for AED 795,319 in 2022

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10 Aug 2024

10 Aug 2024RentedRenewal

AED 71,500/yr12 months · AED 151 per sqft

10 Aug 2023

10 Aug 2023RentedNew contract

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

10 Aug 2022

10 Aug 2022RentedNew contract

AED 62,000/yr12 months · AED 130 per sqft

22 Jun 2022

22 Jun 2022Sold by developerOff-plan

AED 795,319AED 1,666 per sqft

Source: Dubai Land Department. Updated 10 August 2024.

Key facts

Type: 1-bed apartment
Size: 477 sqft
Floor: 6th of 28
Parking: B-022
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 795K · June 2022
Building: Vera Residences

About 611, Vera Residences

611 is a one-bedroom apartment of 477 sqft on the 6th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 22 June 2022 for AED 795,319, or AED 1,666 per sqft, 9% below the AED 1,836 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 10 August 2024, is AED 71,500 a year: a gross yield of 9.0% on the 2022 price, before the service charge of about AED 10,500 a year.

Sales and rents for 611 over time

Sales

Unit 611, each saleTypical one-bed in Vera Residences

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

Rents

Unit 611, 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 611 sits

All 283 1-beds →

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

611 last sold in June 2022 at AED 1,666 per sqft, 9% below what one-beds in Vera Residences were fetching at the time (AED 1,836). 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. 611's AED 71,500 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 6th floor

All 522 units in Vera Residences


601	2-bed	900 sqft	AED 1.28MAED 1,280,070 · Dec 2018December 2018
602	2-bed	890 sqft	AED 1.6MAED 1,600,000 · Sep 2023September 2023	119,571 /yr
603	1-bed	473 sqft	AED 796KAED 796,000 · Apr 2018April 2018	85,000 /yr
604	2-bed	908 sqft	AED 1.31MAED 1,310,000 · May 2018May 2018	120,000 /yr
605	2-bed	905 sqft	AED 1.27MAED 1,268,000 · Apr 2019April 2019	100,000 /yr
606	2-bed	905 sqft	AED 1.27MAED 1,267,000 · May 2018May 2018	110,000 /yr
607	2-bed	898 sqft	AED 1.26MAED 1,261,000 · May 2018May 2018	115,000 /yr
608	2-bed	899 sqft	AED 1.26MAED 1,260,000 · Aug 2018August 2018	100,000 /yr
609	2-bed	908 sqft	AED 1.28MAED 1,277,000 · Jul 2018July 2018
610	1-bed	479 sqft	AED 749KAED 749,000 · Mar 2018March 2018	73,000 /yr
612	1-bed	476 sqft	AED 776KAED 776,000 · May 2018May 2018	75,000 /yr
613	1-bed	485 sqft	AED 1.05MAED 1,050,000 · Jul 2023July 2023	51,889 /yr
614	1-bed	485 sqft	AED 816KAED 816,000 · Jul 2022July 2022	71,667 /yr
615		478 sqft	AED 1.08MAED 1,080,000 · Oct 2025October 2025	78,000 /yr
616	1-bed	475 sqft	AED 794KAED 794,000 · Oct 2018October 2018	70,000 /yr
617	1-bed	474 sqft	AED 786KAED 786,060 · Jul 2018July 2018	80,000 /yr
618	1-bed	475 sqft	AED 920KAED 920,000 · Aug 2023August 2023
619	1-bed	243 sqft	AED 770KAED 770,000 · Feb 2018February 2018	75,000 /yr
620	1-bed	474 sqft	AED 770KAED 770,000 · Feb 2018February 2018	72,000 /yr
621	2-bed	905 sqft	AED 1.3MAED 1,304,000 · Apr 2018April 2018	110,328 /yr

1–7 of 20

611, Vera Residences in numbers

Sold once: by DAMAC on 22 June 2022 for AED 795,319, or AED 1,666 per sqft.
Rented since August 2022 on 3 Ejari contracts, from AED 62,000 to AED 71,500 a year.
At AED 71,500 a year the gross yield on the 2022 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 611, Vera Residences

What did unit 611 last sell for?

AED 795,319 on 22 June 2022, sold by the developer: AED 1,666 per sqft for 477 sqft. It is the only registered sale of the unit.

What is the rent for unit 611?

AED 71,500 a year on the contract renewed on 10 August 2024. The previous contract, from August 2023, was AED 65,000; the unit has been rented since August 2022.

How big is unit 611?

477 sqft (44.3 sqm): a one-bedroom apartment on the 6th floor of a 28-storey tower completed in 2022.

What is unit 611 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 611, Vera Residences

Starts from the last sale price (AED 795K, 22 June 2022). Switch to today's estimate once you have unlocked it.

Price: AED 795,319
Deposit, UAE resident (20%): AED 159,064
Deposit, non-resident (40%): AED 318,128
Monthly over 25 years at 3.7%: AED 3,254

Plus AED 38,414 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →