Market bulletin · Thu, 22 Oct 2026
Vera Residences: 2 sales worth AED 1.94M in 30 days
Vera Residences recorded 2 sales worth AED 1.94M in the 30 days to Thu, 22 Oct 2026, flat on the previous 30 days. Over the last week 2 sales were registered (AED 1.94M), against 0 the week before.
By market over 12 months: secondary (ready) sales 100%.
In Business Bay, Vera Residences ranked #11 of 11 leading projects by 12-month sales value; it is developed by Damac Properties.
Leases registered in the last three months had a median annual rent of AED 75K. The best gross yield is on 2 BR apartments at about 6.9%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | AED 2,043 |
| Aug 25 | — |
| Jul 25 | AED 2,152 |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | AED 1,528 |
| Mar 25 | AED 2,141 |
| Feb 25 | — |
| Jan 25 | AED 2,021 |
| Dec 24 | — |
| Nov 24 | AED 2,084 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 2 |
| Sept 26 | 0 | 0 | 1 |
| Aug 26 | 0 | 0 | 1 |
| Jul 26 | 0 | 0 | 2 |
| Jun 26 | 0 | 0 | 0 |
| May 26 | 0 | 0 | 1 |
| Apr 26 | 0 | 0 | 2 |
| Mar 26 | 0 | 0 | 3 |
| Feb 26 | 0 | 0 | 1 |
| Jan 26 | 0 | 0 | 1 |
| Dec 25 | 0 | 0 | 1 |
| Nov 25 | 0 | 0 | 2 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 2 | unchanged 0.0% | AED 1.94M | — | — |
| Last 3 months | 4 | up 33.3% | AED 5.02M | — | — |
| Last 6 months | 7 | down 36.4% | AED 9.68M | 1,980 | down 5.6% |
| Last 12 months | 19 | down 72.1% | AED 26.4M | 1,980 | down 6.2% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 19 | 100% | AED 1.48M | 1,980 | down 6.2% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 1 bedroom | 7 | 37% | AED 1.15M | 2,243 | up 1.5% |
| 2 bedrooms | 12 | 63% | AED 1.52M | 1,708 | up 3.4% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 18 | 95% | AED 1.46M | 1,895 | down 9.4% |
| AED 2M–10M | 1 | 5% | — | — | — |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | AED 75K |
| Sept 26 | AED 72K |
| Aug 26 | AED 80K |
| Jul 26 | AED 83K |
| Jun 26 | AED 82K |
| May 26 | AED 90K |
| Apr 26 | AED 80K |
| Mar 26 | AED 85K |
| Feb 26 | AED 88K |
| Jan 26 | AED 85K |
| Dec 25 | AED 90K |
| Nov 25 | AED 84K |
| Oct 25 | AED 83K |
| Sept 25 | AED 85K |
| Aug 25 | AED 100K |
| Jul 25 | AED 88K |
| Jun 25 | AED 80K |
| May 25 | AED 100K |
| Apr 25 | AED 77K |
| Mar 25 | AED 80K |
| Feb 25 | AED 95K |
| Jan 25 | AED 107K |
| Dec 24 | AED 80K |
| Nov 24 | AED 85K |
- Leases (12M)
- 452
- New leases
- 68.4%
- Median rent 3M
- AED 75K
- Rent/sqft 3M
- AED 122
| 1 BR apartments | AED 73K / AED 1.15M | 6.3% |
|---|---|---|
| 2 BR apartments | AED 105K / AED 1.52M | 6.9% |
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 1 BR | 215 | AED 73K | AED 70K | 151 |
| 2 BR | 167 | AED 105K | AED 105K | 116 |
Competing projects in Business Bay
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Bugatti ResidencesBinghatti | 26 | 5,436 | — |
| DWTN Residences - Downtown ResidencesDeyaar Development | 294 | 2,773 | — |
| Al Habtoor TowerAl Habtoor Group | 177 | 2,661 | — |
| One by BinghattiBinghatti | 172 | 2,205 | up 2.7% |
| Tiger Sky TowerTiger Properties - Tiger Real Estate | 156 | 2,350 | — |
| Volante 2Xtreme Vision | 12 | 3,491 | — |
| Burj Binghatti by Jacob & CoBinghatti | 27 | 3,523 | — |
| Avarra - Business Bay Palace ResidencesEmaar Properties | 59 | 3,460 | — |
| One River PointEllington Properties Development | 79 | 2,714 | — |
| Bayz 102 By DanubeDanube Properties | 93 | 2,955 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 1.55M | 2 BR Apartment · 902 sqftVera Residences · Business Bay | 14 Sept |
| AED 1.53M | 2 BR Apartment · 890 sqftVera Residences · Business Bay | 26 Aug |
| AED 1.00M | 1 BR Apartment · 474 sqftVera Residences · Business Bay | 16 Oct |
| AED 940K | 1 BR Apartment · 475 sqftVera Residences · Business Bay | 19 Oct |
Questions about Vera Residences
How many properties were sold in Vera Residences in the last year?
19 sales worth AED 26.4M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in Vera Residences?
The median annual rent on leases registered in the last three months was AED 75K, and the best gross rental yield is about 6.9%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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