1-bed · 475 sqftVera Residences, Business Bay · 8th floor · completed 2022

816, 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 December 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 816 · DLD and Ejari recordsUpdated 11 December 2024

Last soldAED 801K17 December 2018

Current rentAED 78K /yr11 December 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 816, Vera Residences

Today

What is 816 worth today?

Last sold for AED 801,000 in 2018

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11 Dec 2024

11 Dec 2024RentedNew contract

AED 78,000/yr12 months · AED 164 per sqft

31 Oct 2022

31 Oct 2022RentedNew contract

AED 60,000/yr12 months · AED 126 per sqft

17 Dec 2018

17 Dec 2018Sold by developerOff-plan

AED 801,000AED 1,687 per sqft

Source: Dubai Land Department. Updated 11 December 2024.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 8th of 28
Parking: B-051
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 801K · December 2018
Building: Vera Residences

About 816, Vera Residences

816 is a one-bedroom apartment of 475 sqft on the 8th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 17 December 2018 for AED 801,000, or AED 1,687 per sqft, 6% above the AED 1,585 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 11 December 2024, is AED 78,000 a year: a gross yield of 9.7% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 816 over time

Sales

Unit 816, each saleTypical one-bed in Vera Residences

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

Rents

Unit 816, 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 816 sits

All 283 1-beds →

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

816 last sold in December 2018 at AED 1,687 per sqft, 6% above what one-beds in Vera Residences were fetching at the time (AED 1,585). 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. 816's AED 78,000 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 8th floor

All 522 units in Vera Residences


801	2-bed	900 sqft	AED 1.3MAED 1,296,000 · Sep 2019September 2019	105,000 /yr
802	2-bed	890 sqft	AED 1.5MAED 1,500,000 · Apr 2024April 2024	120,000 /yr
803	1-bed	473 sqft	AED 746KAED 746,000 · Feb 2018February 2018
804	2-bed	908 sqft	AED 1.42MAED 1,419,600 · May 2022May 2022	105,000 /yr
805	2-bed	892 sqft	AED 1.2MAED 1,200,000 · Feb 2018February 2018
806	2-bed	900 sqft	AED 1.2MAED 1,200,000 · Apr 2023April 2023	115,500 /yr
807	2-bed	902 sqft	AED 1.6MAED 1,600,000 · Aug 2024August 2024	100,000 /yr
808	2-bed	899 sqft	AED 1.19MAED 1,192,000 · Mar 2018March 2018	100,000 /yr
809	2-bed	908 sqft	AED 1.2MAED 1,200,000 · Feb 2018February 2018	105,000 /yr
810	1-bed	479 sqft	AED 857KAED 856,800 · Jul 2022July 2022
811	1-bed	477 sqft	AED 719KAED 719,000 · Feb 2018February 2018	70,000 /yr
812	1-bed	476 sqft	AED 717KAED 717,000 · Feb 2018February 2018	70,000 /yr
813	1-bed	475 sqft	AED 722KAED 722,000 · Feb 2018February 2018	67,946 /yr
814	1-bed	479 sqft	AED 733KAED 733,000 · Feb 2018February 2018
815	1-bed	478 sqft	AED 757KAED 757,000 · Feb 2018February 2018
817	1-bed	474 sqft	AED 825KAED 825,000 · Nov 2022November 2022
818	1-bed	475 sqft	AED 747KAED 747,000 · Feb 2018February 2018	80,216 /yr
819	1-bed	475 sqft	AED 747KAED 747,000 · Feb 2018February 2018	80,000 /yr
820	1-bed	474 sqft	AED 747KAED 747,000 · Feb 2018February 2018	75,000 /yr
821	2-bed	905 sqft	AED 1.23MAED 1,234,000 · Feb 2018February 2018	110,250 /yr

1–7 of 20

816, Vera Residences in numbers

Sold once: by DAMAC on 17 December 2018 for AED 801,000, or AED 1,687 per sqft.
Rented since October 2022 on 2 Ejari contracts, from AED 60,000 to AED 78,000 a year.
At AED 78,000 a year the gross yield on the 2018 price is 9.7%, 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 11 December 2024.

Questions about 816, Vera Residences

What did unit 816 last sell for?

AED 801,000 on 17 December 2018, sold by the developer: AED 1,687 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 816?

AED 78,000 a year on the contract signed on 11 December 2024. The previous contract, from October 2022, was AED 60,000.

How big is unit 816?

475 sqft (44.1 sqm): a one-bedroom apartment on the 8th floor of a 28-storey tower completed in 2022.

What is unit 816 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 816, Vera Residences

Starts from the last sale price (AED 801K, 17 December 2018). Switch to today's estimate once you have unlocked it.

Price: AED 801,000
Deposit, UAE resident (20%): AED 160,200
Deposit, non-resident (40%): AED 320,400
Monthly over 25 years at 3.7%: AED 3,277

Plus AED 38,652 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →