Vera Residences

P1 — Delivered Off-Plan Primary
Developer Damac Properties
Community Business Bay
Property type Apartment
Data updated Mar 30, 2026

Vera Residences is a Delivered development by Damac Properties in Business Bay. 522 units across 1 Bedroom (56%), 2 Bedroom (43%), Studio (1%). Over the trailing 12 months, 733 sales at a median of AED 1,150,000.

Key Metrics
Median Price
Value
AED 1,150,000
Change
8.0% YoY
Transactions
Value
733
Change
36 in period
Price / sqft
Value
AED 2,151
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 1,150,000
↓ 8.0% YoY
Transactions
733
↑ 36 in period
Price / sqft
AED 2,151
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
15.9%
Holding Period
Value
1.6 yrs
Liquidity
Value
6.9%
Price Dispersion
Value
12.8%
Ready Market Mix
Value
0.0%
Rental Activity
Value
53.7%
Capital Return
15.9%
Holding Period
1.6 yrs
Liquidity
6.9%
Price Dispersion
12.8%
Ready Market Mix
0.0%
Rental Activity
53.7%

Rental Performance

Rental Volume
Value
1,290
Avg Annual Rent
Value
AED 88,011
New Leases
Value
75.1%
Renewals
Value
24.9%
Rental Volume
1,290
Avg Annual Rent
AED 88,011
New Leases
75.1%
Renewals
24.9%

Unit Mix

By bedroom type
Studio 4 units · 1%
1 Bedroom 293 units · 56%
2 Bedroom 225 units · 43%

Transaction Breakdown

All time — 733 transactions
Off-Plan Primary
513
Off-Plan Secondary
17
Ready Primary
9
Ready Secondary
194

Price History

Median Price — Vera Residences

Median prices in Vera Residences have trended upward, rising 10% to AED 1.1M over the past 12 months.

Recent Transactions

Showing last 10 of 733
Date Type Price (AED) Size (sqft) AED/sqft
Mar 30, 2026 RP Secondary 500,000 904 552
Mar 30, 2026 RP Secondary 1,200,000 474 2,527
Mar 25, 2026 RP Secondary 1,100,000 482 2,277
Mar 01, 2026 RP Secondary 1,900,000 905 2,097
Feb 26, 2026 RP Secondary 1,640,000 905 1,810
Jan 27, 2026 RP Secondary 1,450,000 901 1,608
Dec 18, 2025 RP Secondary 1,050,000 485 2,164
Dec 10, 2025 RP Secondary 1,500,000 899 1,668
Nov 24, 2025 RP Secondary 1,200,000 474 2,527
Nov 24, 2025 RP Secondary 1,500,000 905 1,657

This project is in Business Bay

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