Vera Tower
فيرا تاورDAMAC WORLD REAL ESTATE L.L.C · Home sales since 2018 · mostly resales in the 12 months to 15 Sep 2026
The Land Department’s record
completed per the Land Department · 100% complete · buildings · 526 units · 1 building · DLD target completion March 2022
Registered developer: DAMAC WORLD REAL ESTATE L.L.C (DLD no. 1095)
Escrow account with Abu Dhabi Commercial Bank · Zoned by Dubai Development Authority (DDA)
From the Land Department’s projects file, file dated 15 June 2026.
Rents recorded under Business Bay
Typical yearly rent of AED 89,000 across 15,225 tenancies recorded in the community over the last 12 months.
This is the community’s figure, not this project’s.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
1 sale: AED 1,715/sqft
Sep 2026 · 1 home sale
+7.8%
Jul 2022 to Sep 2025, scaled up to a year
51 months
Recorded home resales here fall in 51 months, Jul 2022 to Sep 2026. The growth beside this is drawn from the months with 5 or more of them; a figure for what they will do next is a scenario you set on the returns page.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually sold for in Vera Tower — not an asking price, and not this project’s overall typical price, which mixes every size together.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Price per sqft trend
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What it returns
A year of rent compared with what completed homes of that size actually sold for in Vera Tower over the same twelve months. Prices are this project’s own recorded ready-home sales. Off-plan sales are left out because rent is paid on built homes. Rents marked this building are new rent contracts recorded in Vera Tower itself. The rest are homes of the same size in Business Bay, used where Ejari did not name the building.
| Size | Price now, ready homes | Rents for | Yield before costs | Ready sales, 12 months |
|---|---|---|---|---|
| 1 bed | AED 1.1M | AED 71,400/yrthis building · 147 new lets | 6.5% | 12 |
| 2 beds | AED 1.51M | AED 104,055/yrthis building · 123 new lets | 6.9% | 13 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price. In a market that has risen as far as Dubai’s, the average is a historical price. Worked out with the typical price across every sale on record (AED 776.5K), a 1 bed here reads 9.2% instead of 6.5%. The yield in the table above uses the AED 1.1M a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from this building’s own owners’ association budget for 2026 — AED 26/sqft, as recorded with the Land Department. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Yield before costs | Yield after service charge |
|---|---|---|---|---|
| 1 bed | AED 12,168 | AED 59,232 | 6.5% | 5.4% |
| 2 beds | AED 23,191 | AED 80,864 | 6.9% | 5.3% |
Only the service charge is taken off.
Reserve fund: AED 1.9/sqft of the AED 25.6/sqft recorded for 2026.
Yield before costs: a year of rent as a share of the price.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
Dubai Land Department · association budgets Owners' association budgets, as recorded · a budget figure, not a price. File dated 22 Sep 2026 · synced 24 Sep 2026.
Common questions about Vera Tower
How much does a home in Vera Tower cost?
Over the last twelve months, the typical price (the median: half sold for more than this, half for less) of a completed home in Vera Tower was AED 1.1M for a 1-bedroom (12 ready sales) and AED 1.51M for a 2-bedroom (13 ready sales). These come from sales recorded by the Dubai Land Department. They are what buyers paid, not asking prices. Only completed homes are counted: off-plan sales are left out, because they sell at a premium and are not the same purchase.
How much is rent in Vera Tower?
The typical rent (the median: half of the rent contracts were above this, half below) in Vera Tower is AED 71,400/yr for a 1-bedroom (147 new tenancies recorded in Vera Tower itself) and AED 104,055/yr for a 2-bedroom (123 new tenancies recorded in Vera Tower itself). These rents come from the new rent contracts recorded in Ejari (Dubai's rent registration system) over the last twelve months. They are what tenants agreed to pay, not advertised asking rents. Ejari names the building on these contracts, so every figure above is a tenancy recorded in Vera Tower itself.
What rental yield does Vera Tower give?
The yield before costs on completed homes in Vera Tower is about 6.5% on a 1-bedroom and 6.9% on a 2-bedroom. That is a year of rent divided by what completed homes of that size sold for over the same twelve months. Rent and price both come from the same period, which is why these read lower than yields quoted against an all-time average price. Service charges, agency commission and empty periods are not taken off, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Vera Tower selling off-plan or as resales?
0% of the 29 home sales recorded in Vera Tower in the 12 months to 15 Sep 2026 were off-plan, and the rest were recorded as existing property rather than off-plan. That period ends at this project's own newest recorded home sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Vera Tower start selling?
The Land Department's register holds 739 home sales in Vera Tower. The earliest was recorded in Feb 2018 and the newest in Sep 2026. That is when a home sale here was first recorded. It is not the same as when the project launched or completed: the register of sales carries no build date, so we do not publish one.
Due diligence
Price vs. Business Bay typical price
—
Too few sales for a comparison. Sep 2026: here 1 sale: AED 1,715/sqft against Business Bay AED 2,057/sqft · 321 sales.
Developer track record
83,307 recorded sales
Matched to Damac Crescent Properties, across the 20 companies Keyva groups under that name, Oct 2004 to 7 Oct 2026.
106 completed · 50 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free checks you can run yourself.
Verification guide →Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
Dubai Land Department · developer register The Land Department's developer register. File dated 1 Oct 2026 · synced 3 Oct 2026.
Handover competition
Moderate competitionWhen Vera Tower handed over in March 2022, 6 other projects in Business Bay had a handover date on record within six months either side — a reference point for how crowded that period was. The Land Department's projects file of 15 Jun 2026 lists 49 other projects in Business Bay as not yet finished, including 1 of the 6 listed below.
J One
RKM DURAR PROPERTIES L.L.C
Al Habtoor City
AL HABTOOR CITY REAL ESTATE DEVELOPMENT (BR. OF DUBAI NATIONAL INVESTMENT CO L.L.C)
Paramount Tower Hotel & Residences
NAMAA PROPERTIES DEVELOPMENT L.L.C
Dorchester Collection Dubai
SKY PALACES REAL ESTATE DEVELOPMENT L.L.C
Reva Residences
DAMAC WORLD REAL ESTATE L.L.C
Aykon City 3
DAMAC CANAL ONE PROPERTY DEVELOPMENT L.L.C
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
1.5 km
Business Bay
1.2 km
GEMS Our Indian School
1.0 km
Nexx Home Healthcare Services
202 m
Supermash
Metro stations
- Business Bay1.5 km
- Burj Khalifa / Dubai Mall2.4 km
Schools
- GEMS Our Indian School1.2 km
- Dubai International School1.2 km
- Safa Private School1.2 km
- Dubai International School1.3 km
Hospitals & clinics
- Nexx Home Healthcare Services1.0 km
- Medcare Orthopaedics & Spine Hospital2.1 km
- Mediclinic2.2 km
- BIOS CLINIC2.6 km
Supermarkets
- Supermash202 m
- Barsha Hills Mini Mart231 m
- Deli Plus Mini Mart638 m
- Spinneys672 m
Bus stops
- U BORA Tower 2 GE Office166 m
- XL Tower 1169 m
- U BORA Tower 1 GE Office184 m
- XL Tower 2207 m
Pharmacies
- Life Pharmacy940 m
- Life Pharmacy1.0 km
- Life Pharmacy1.1 km
- Health First1.1 km
Malls
- Bay Avenue Mall1.3 km
- Al Faris Mall1.4 km
- Souk Extra1.9 km
- Al Wasl Centre1.9 km
Parks
- Bayside Park 269 m
- Bayside Park 4461 m
- Bayside Park 4701 m
- Action Hub847 m
Mosques
- Masjid Al Ghafoor1.1 km
- Al Safa Mosque1.8 km
- Shaikha Abdulla Salem2.1 km
- Al Qasimi Mosque2.3 km
Straight-line distances — actual walking or driving routes will be longer. Measured from the centre of Business Bay — we couldn't pin this project's exact address, so treat these as area-level, not door-to-door. Places data from OpenStreetMap.
Building in this project
Priced from each tower’s own recorded sales, rather than the project’s typical price above.
Dubai Land Department · building register The Land Department's building register. File dated 5 Oct 2026 · synced 5 Oct 2026.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Other projects in Business Bay
Each price is the project’s newest month with 5 or more recorded home sales, from Oct 2025 to 7 Oct 2026. Priced projects first, then the most home sales from Nov 2025 to 7 Oct 2026, then A–Z. Where a project has no month with that many, its newest month with any sale is shown instead, with a red (i) and its count.
Binghatti
1–7 Oct 2026 · 11 home sales
Deyaar Development (P.J.S.C)
Sep 2026 · 7 home sales
Binghatti
Sep 2026 · 8 home sales
Select Global Development L.L.C
Sep 2026 · 27 home sales
Binghatti
1–7 Oct 2026 · 5 home sales
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Seen a listing for this?
Put the asking price beside what comparable homes actually sold for, and check the agent against the Land Department’s register of licensed brokers. Free, no sign-in.
Buying in Vera Tower?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the typical price here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to look things up in the Land Department's own systems on the day: the agent's licence, the project's escrow, and its registered status.