1-bed · 475 sqftVera Residences, Business Bay · 7th floor · completed 2022

716, 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 716 · DLD and Ejari recordsUpdated 1 February 2026

Last soldAED 746K7 February 2018

Current rentAED 80K /yr1 February 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 716, Vera Residences

Today

What is 716 worth today?

Last sold for AED 746,000 in 2018

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1 Feb 2026

1 Feb 2026RentedNew contract

AED 80,000/yr12 months · AED 169 per sqft

14 Oct 2024

14 Oct 2024RentedNew contract

AED 78,000/yr12 months · AED 165 per sqft

10 Mar 2023

10 Mar 2023RentedNew contract

AED 70,000/yr13 months · AED 147 per sqft

7 Feb 2018

7 Feb 2018Sold by developerOff-plan

AED 746,000AED 1,571 per sqft

Source: Dubai Land Department. Updated 1 February 2026.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 7th of 28
Parking: B-039
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 746K · February 2018
Building: Vera Residences

About 716, Vera Residences

716 is a one-bedroom apartment of 475 sqft on the 7th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 7 February 2018 for AED 746,000, or AED 1,571 per sqft, in line with the AED 1,566 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 1 February 2026, is AED 80,000 a year: a gross yield of 10.7% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 716 over time

Sales

Unit 716, each saleTypical one-bed in Vera Residences

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

Rents

Unit 716, 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 716 sits

All 283 1-beds →

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

716 last sold in February 2018 at AED 1,571 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,566). 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. 716's AED 80,000 is in the upper 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 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
704	2-bed	908 sqft	AED 1.4MAED 1,400,000 · Jul 2024July 2024	134,000 /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
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

716, Vera Residences in numbers

Sold once: by DAMAC on 7 February 2018 for AED 746,000, or AED 1,571 per sqft.
Rented since March 2023 on 3 Ejari contracts, from AED 70,000 to AED 80,000 a year.
At AED 80,000 a year the gross yield on the 2018 price is 10.7%, 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 1 February 2026.

Questions about 716, Vera Residences

What did unit 716 last sell for?

AED 746,000 on 7 February 2018, sold by the developer: AED 1,571 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 716?

AED 80,000 a year on the contract signed on 1 February 2026. The previous contract, from October 2024, was AED 78,000; the unit has been rented since March 2023.

How big is unit 716?

475 sqft (44.1 sqm): a one-bedroom apartment on the 7th floor of a 28-storey tower completed in 2022.

What is unit 716 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 716, Vera Residences

Starts from the last sale price (AED 746K, 7 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 746,000
Deposit, UAE resident (20%): AED 149,200
Deposit, non-resident (40%): AED 298,400
Monthly over 25 years at 3.7%: AED 3,052

Plus AED 36,342 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →