Unit 516 at Vera Residences is a studio of 354 sq ft. It last sold for AED 870,000 on 13 Feb 2025. At AED 2,326 per sq ft, from 6 sales of units ending 16 (same position in the tower), it is worth about AED 824,000 today.
| Bedrooms | studio |
|---|---|
| Size | 354 sq ft |
| Floor | 5 (from the unit number) |
| Position in the tower | Stack 16: units ending 16 share the same layout and view |
| Building | Vera Residences by DAMAC Properties, handed over 2022 |
| Registered sales of this unit | 1 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 13 Feb 2025 | AED 870,000 | 354 sq ft | 2,458 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 2516 | 24 Nov 2025 | AED 1,200,000 | 475 sq ft | 2,526 | Resale |
| 2016 | 24 Sep 2025 | AED 1,100,000 | 475 sq ft | 2,316 | Resale |
| 1516 | 9 Jun 2025 | AED 1,021,000 | 475 sq ft | 2,149 | Resale |
| 916 | 12 May 2025 | AED 1,110,000 | 475 sq ft | 2,337 | Resale |
| 1316 | 24 Mar 2025 | AED 1,010,000 | 475 sq ft | 2,126 | Resale |
| 2016 | 22 May 2024 | AED 800,000 | 475 sq ft | 1,684 | Resale |
| 2516 | 4 Mar 2024 | AED 1,030,000 | 475 sq ft | 2,168 | Resale |
| 1016 | 27 Feb 2024 | AED 940,000 | 475 sq ft | 1,979 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 515 | 30 Jul 2025 | AED 750,000 | 358 sq ft | 2,095 | Resale |
| 518 | 4 Mar 2025 | AED 800,000 | 353 sq ft | 2,266 | Resale |
We took the 6 resale sales of units ending 16 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,326). We multiplied it by the size of this unit (354 sq ft). The range uses the middle half of those sales (AED 2,191 to AED 2,427 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 850,106. Floor, view, condition and upgrades can move the price either way. Sales data to 19 Oct 2026, from the Dubai Land Department register.
About AED 824,000 (range AED 776,000 to AED 859,000), based on AED 2,326 per sq ft from registered sales up to 19 Oct 2026.
13 Feb 2025, for AED 870,000 (resale). It has 1 registered sale.
A studio in Vera Residences rents for about AED 63,500 a year (median asking rent). That is a gross yield of 7.7% on the estimate.