Vera Tower

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by DAMAC
528
Total Units
523
Sold
AED 1,050,000
Median Price
AED 1,570
Median Price /sqft
Construction progress: 100%
Start: Aug, 2016Completion: Mar, 2022

Vera Tower Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio4350 sqft - 360 sqftAED 2,500 /sqft
0
1 Bed293470 sqft - 610 sqftAED 1.1M (2,270 /sqft)AED 2,420 /sqft
-6.32
2 Beds225730 sqft - 1,090 sqftAED 1.5M (1,700 /sqft)AED 2,420 /sqft
-29.63

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
Commercial, 4SR-0160 sqftCheck Availability
Commercial, GSR-0164 sqftCheck Availability
Commercial, RETAIL-1894 sqft0 sqft Check Availability
Commercial, RETAIL-2812 sqft0 sqft Check Availability
Commercial, RETAIL-3740 sqft0 sqft Check Availability
Commercial, RETAIL-4516 sqft0 sqft Check Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
1Apartment476 sqft11.7 sqft 10AED 1,085,000AED 2,279 /sqft 11, Mar 2024
1Apartment475 sqft11.5 sqft 10AED 1,030,000AED 2,168 /sqft 22, Jul 2026
1Apartment475 sqft11.49 sqft 10AED 940,000AED 1,979 /sqft 27, Feb 2024
1Apartment513 sqft11.1 sqft 10AED 877,100AED 1,710 /sqft 11, Aug 2022
1Apartment479 sqft11.74 sqft 10AED 861,000AED 1,813 /sqft 17, May 2022
1Apartment475 sqft11.49 sqft 10AED 829,000AED 1,745 /sqft 26, Jul 2022
1Apartment477 sqft11.73 sqft 10AED 803,551AED 1,692 /sqft 14, Jun 2022
1Apartment478 sqft11.4 sqft 10AED 759,000AED 1,588 /sqft 08, Feb 2018
1Apartment475 sqft11.47 sqft 10AED 749,000AED 1,577 /sqft 20, Feb 2018
1Apartment474 sqft11.46 sqft 10AED 740,000AED 1,561 /sqft 29, May 2023
1Apartment485 sqft12.12 sqft 10AED 735,000AED 1,515 /sqft 07, Feb 2018
1Apartment485 sqft11.95 sqft 10AED 724,000AED 1,493 /sqft 07, Feb 2018
2Apartment900 sqft21.21 sqft 10AED 1,456,000AED 1,618 /sqft 15, Jul 2024
2Apartment908 sqft21.6 sqft 10AED 1,422,750AED 1,572 /sqft 24, Feb 2022
2Apartment905 sqft21.57 sqft 10AED 1,419,600AED 1,569 /sqft 07, Mar 2022

Vera Tower Real Estate Data – FAQ

  • What is the current property supply in Vera Tower?

    Vera Tower has a total residential supply of approximately 168 units. This represents completed and available inventory within the area.

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  • How active is the real estate market in Vera Tower?

    Vera Tower recorded 25 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in Vera Tower?

    The median transaction price in Vera Tower is AED 2,100 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in Vera Tower?

    The gross rental yield in Vera Tower is approximately 8%, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in Vera Tower?

    Property prices in Vera Tower have shown a capital appreciation of 31% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in Vera Tower?

    There are currently 0 active off-plan projects in Vera Tower, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in Vera Tower?

    The total off-plan pipeline in Vera Tower includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

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  • Is Vera Tower a good area for property investment?

    Vera Tower is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Vera Tower, this is %, indicating relatively strong income performance compared to global markets.

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