Unit 1503, Vera Residences: what it sold for and what it is worth now

Unit 1503 at Vera Residences is a 1 bed of 513 sq ft. It last sold for AED 920,000 on 4 Apr 2023. At AED 2,242 per sq ft, from 7 sales of units ending 03 (same position in the tower), it is worth about AED 1,150,000 today.

Value todayAED 1,150,000AED 1,112,000 to AED 1,220,000
Last saleAED 920,0004 Apr 2023 · Resale
Change since last sale+25.0%Building trend alone: AED 1,111,266
Rent (median asking, 1 bed)AED 75,000Gross yield 6.5%
Bedrooms1 bed
Size513 sq ft
Floor15 (from the unit number)
Position in the towerStack 03: units ending 03 share the same layout and view
BuildingVera Residences by DAMAC Properties, handed over 2022
Registered sales of this unit1

Every registered sale of unit 1503

DatePriceSizeAED/sq ftType
4 Apr 2023AED 920,000513 sq ft1,793Resale

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
5038 Apr 2026AED 1,150,000513 sq ft2,242Resale
250330 Oct 2025AED 1,250,000513 sq ft2,437Resale
22034 Jul 2025AED 1,120,000513 sq ft2,183Resale
27033 Jul 2025AED 1,100,000511 sq ft2,153Resale
260323 Jun 2025AED 1,190,000513 sq ft2,320Resale
19035 Dec 2024AED 1,250,000513 sq ft2,437Resale
160321 Nov 2024AED 1,100,000513 sq ft2,144Resale
28031 Oct 2024AED 1,115,000511 sq ft2,182Resale

Latest 1 bed sales in Vera Residences

UnitDatePriceSizeAED/sq ftType
91719 Oct 2026AED 940,000475 sq ft1,979Resale
122016 Oct 2026AED 1,000,000474 sq ft2,110Resale
17144 Aug 2026AED 1,015,000485 sq ft2,093Resale
161529 Jul 2026AED 1,120,000478 sq ft2,343Resale
101922 Jul 2026AED 1,030,000475 sq ft2,168Resale
241315 Jul 2026AED 950,000487 sq ft1,951Resale
271929 Jun 2026AED 1,092,000473 sq ft2,309Resale
5038 Apr 2026AED 1,150,000513 sq ft2,242Resale

How we worked out the value

We took the 7 resale sales of units ending 03 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,242). We multiplied it by the size of this unit (513 sq ft). The range uses the middle half of those sales (AED 2,168 to AED 2,378 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,111,266. Floor, view, condition and upgrades can move the price either way. Sales data to 19 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 1503 at Vera Residences worth?

About AED 1,150,000 (range AED 1,112,000 to AED 1,220,000), based on AED 2,242 per sq ft from registered sales up to 19 Oct 2026.

When did unit 1503 last sell?

4 Apr 2023, for AED 920,000 (resale). It has 1 registered sale.

What rent can unit 1503 make?

A 1 bed in Vera Residences rents for about AED 75,000 a year (median asking rent). That is a gross yield of 6.5% on the estimate.

Sales alert for Vera ResidencesAll sales in Vera Residences

Unit 1416 · Unit 1506