2-bed · 908 sqftVera Residences, Business Bay · 7th floor · completed 2022

704, 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 twice, last in July 2024, 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 704 · DLD and Ejari recordsUpdated 25 April 2025

Last soldAED 1.4M17 July 2024

Current rentAED 134K /yr25 April 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 704, Vera Residences

Today

What is 704 worth today?

Last sold for AED 1,400,000 in 2024

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25 Apr 2025

25 Apr 2025RentedNew contract

AED 134,000/yr12 months · AED 148 per sqft

17 Jul 2024

17 Jul 2024SoldReady

AED 1,400,000AED 1,541 per sqft

4 Apr 2023

4 Apr 2023RentedNew contract

AED 90,000/yr12 months · AED 100 per sqft

13 Feb 2018

13 Feb 2018Sold by developerOff-plan

AED 1,234,000AED 1,359 per sqft

Source: Dubai Land Department. Updated 25 April 2025.

Key facts

Type: 2-bed apartment
Size: 908 sqft
Floor: 7th of 28
Parking: P2-035
Developer: DAMAC
Completed: 2022
Service charge: AED 20,000 /yr
Last sold: AED 1.4M · July 2024
Building: Vera Residences

About 704, Vera Residences

704 is a two-bedroom apartment of 908 sqft on the 7th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 17 July 2024 for AED 1,400,000, or AED 1,541 per sqft, 9% below the AED 1,690 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 25 April 2025, is AED 134,000 a year: a gross yield of 9.6% on the 2024 price, before the service charge of about AED 20,000 a year.

Sales and rents for 704 over time

Sales

Unit 704, each saleTypical two-bed in Vera Residences

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

Rents

Unit 704, each contractTypical two-bed in Vera Residences

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 704 sits

All 218 2-beds →

2-beds in Vera Residences · last 12 months1,657 /sqft Vera Residences · all types1,668 /sqft

704 last sold in July 2024 at AED 1,541 per sqft, 9% below what two-beds in Vera Residences were fetching at the time (AED 1,690). 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. 704's AED 134,000 is in the upper half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

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 7th floor

All 522 units in Vera Residences


701	2-bed	900 sqft	AED 1.27MAED 1,267,140 · Apr 2019April 2019
702	2-bed	890 sqft	AED 1.23MAED 1,231,000 · Mar 2018March 2018	100,000 /yr
703	1-bed	513 sqft	AED 920KAED 920,000 · Feb 2024February 2024	78,000 /yr
705	2-bed	905 sqft	AED 1.65MAED 1,650,000 · Oct 2024October 2024	85,000 /yr
706	2-bed	905 sqft	AED 1.19MAED 1,191,000 · Jul 2018July 2018	106,000 /yr
707	2-bed	898 sqft	AED 1.17MAED 1,167,180 · Jul 2018July 2018	110,000 /yr
708	2-bed	899 sqft	AED 1.17MAED 1,167,180 · Sep 2019September 2019	110,000 /yr
709	2-bed	908 sqft	AED 1.18MAED 1,175,020 · Mar 2018March 2018	94,000 /yr
710	1-bed	479 sqft	AED 749KAED 749,000 · Feb 2018February 2018	69,300 /yr
711	1-bed	477 sqft	AED 718KAED 718,000 · Feb 2018February 2018	75,000 /yr
712	1-bed	476 sqft	AED 880KAED 880,000 · May 2023May 2023	80,000 /yr
713	1-bed	475 sqft	AED 721KAED 721,000 · Feb 2018February 2018	78,000 /yr
714	1-bed	479 sqft	AED 794KAED 794,000 · Apr 2018April 2018	76,667 /yr
715	1-bed	478 sqft	AED 756KAED 756,000 · Feb 2018February 2018	70,000 /yr
716	1-bed	475 sqft	AED 746KAED 746,000 · Feb 2018February 2018	80,000 /yr
717	1-bed	474 sqft	AED 746KAED 746,000 · Feb 2018February 2018
718	1-bed	475 sqft	AED 746KAED 746,000 · Feb 2018February 2018	80,000 /yr
719	1-bed	475 sqft	AED 746KAED 746,000 · Feb 2018February 2018	71,500 /yr
720	1-bed	474 sqft	AED 746KAED 746,000 · Feb 2018February 2018
721	2-bed	905 sqft	AED 1.23MAED 1,233,000 · Feb 2018February 2018	105,000 /yr

1–7 of 20

704, Vera Residences in numbers

Sold twice: first on 13 February 2018 for AED 1,234,000, last on 17 July 2024 for AED 1,400,000 (AED 1,541 per sqft).
Rented since April 2023 on 2 Ejari contracts, from AED 90,000 to AED 134,000 a year.
At AED 134,000 a year the gross yield on the 2024 price is 9.6%, 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 25 April 2025.

Questions about 704, Vera Residences

What did unit 704 last sell for?

AED 1,400,000 on 17 July 2024: AED 1,541 per sqft for 908 sqft. The unit has 2 registered sales; the first was AED 1,234,000 in February 2018.

What is the rent for unit 704?

AED 134,000 a year on the contract signed on 25 April 2025. The previous contract, from April 2023, was AED 90,000.

How big is unit 704?

908 sqft (84.4 sqm): a two-bedroom apartment on the 7th floor of a 28-storey tower completed in 2022.

What is unit 704 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 704, Vera Residences

Starts from the last sale price (AED 1.4M, 17 July 2024). Switch to today's estimate once you have unlocked it.

Price: AED 1,400,000
Deposit, UAE resident (20%): AED 280,000
Deposit, non-resident (40%): AED 560,000
Monthly over 25 years at 3.7%: AED 5,728

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