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VERA TOWER

Completed

Developed by DAMAC WORLD REAL ESTATE L.L.C. Located in Business Bay.

Construction progress100%Expected 31 Mar 2022
Units5261 buildings · 0 villas
Registered sales73831 in the last 12 months
Median sale priceAED 988KMedian of registered salesAED 1,577/sqft

Registry record

Project number
1786
Name on the register
فيرا تاور
Developer
DAMAC WORLD REAL ESTATE L.L.C
Master developer
داماك ورلد ريل استيت ش.ذ.م.م
Escrow agent
ABU DHABI COMMERCIAL BANK
Zoning authority
Dubai Development Authority (DDA)
Master project
Business Bay
Start date
15 Dec 2016
Expected completion
31 Mar 2022
Actual completion
31 Mar 2022
Cancelled
Not recorded
Plots
0
Progress
100%

PROJECT CONFIGRATION IS B+G+3P+25+R , RESIDENTIAL BUILDING WITH RETAIL UNITS ON THE GROUND FLOOR. THE UNITS ARE DESIGNED TO HAVE A RAINFORCED CONCRETE STRUCTURE WITH INTERNAL AND EXTERNAL FINISHES.

Sales evidence

Median size
479 sqft
Median price per sqft
AED 1,577/sqft
Total value transacted
AED 847.89M
Off-plan vs ready
525 off-plan · 213 ready
First sale
29 Oct 2015
Latest sale
4 Aug 2026

Service charges (2023)

The owner-association charge approved by the Land Department, broken down by cost category. Totalling AED 53 per square foot per year — the recurring cost of ownership that an asking price never shows.

CategoryUsageManaged byAED/sqft
ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C8.00
Reserved FundResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C2.00
MaintenanceResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
Utilities ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
Management ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
InsuranceResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
Master CommunityResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
IncomeResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
ServicesRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
Reserved FundRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
MaintenanceRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C4.00
Utilities ServicesRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
Management ServicesRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
InsuranceRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
Master CommunityRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
IncomeRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
ServicesParkingLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
Reserved FundParkingLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
MaintenanceParkingLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
Utilities ServicesParkingLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
Management ServicesParkingLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
InsuranceParkingLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
Master CommunityParkingLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00

Registered sales in this project

All sales
Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
4 Aug 2026Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R485 sqftAED 2,095/sqftAED 1,015,000
29 Jul 2026Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R478 sqftAED 2,345/sqftAED 1,120,000
22 Jul 2026Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R475 sqftAED 2,169/sqftAED 1,030,000
16 Jul 2026Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R890 sqftAED 1,700/sqftAED 1,513,848
15 Jul 2026Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R487 sqftAED 1,951/sqftAED 950,000
29 Jun 2026Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R473 sqftAED 2,308/sqftAED 1,092,000
5 May 2026Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R905 sqftAED 2,341/sqftAED 2,118,000
20 Apr 2026Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R897 sqftAED 2,173/sqftAED 1,950,000
8 Apr 2026Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R513 sqftAED 2,243/sqftAED 1,150,000
31 Mar 2026Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R905 sqftAED 553/sqftAED 500,000
30 Mar 2026Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R475 sqftAED 2,527/sqftAED 1,200,000
25 Mar 2026Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R483 sqftAED 2,278/sqftAED 1,100,000
2 Mar 2026Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R906 sqftAED 2,098/sqftAED 1,900,000
26 Feb 2026Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R906 sqftAED 1,811/sqftAED 1,640,000
27 Jan 2026Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R902 sqftAED 1,608/sqftAED 1,450,000
18 Dec 2025Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R485 sqftAED 2,164/sqftAED 1,050,000
10 Dec 2025Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R899 sqftAED 1,668/sqftAED 1,500,000
25 Nov 2025Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R475 sqftAED 2,527/sqftAED 1,200,000
24 Nov 2025Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R905 sqftAED 1,657/sqftAED 1,500,000
30 Oct 2025Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R513 sqftAED 2,437/sqftAED 1,250,000
27 Oct 2025Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R899 sqftAED 1,641/sqftAED 1,475,000
20 Oct 2025Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R478 sqftAED 2,261/sqftAED 1,080,000
16 Oct 2025Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R902 sqftAED 1,664/sqftAED 1,500,000
24 Sept 2025Business BayVERA TOWERBusiness BayFlatExisting Properties2 B/R899 sqftAED 1,781/sqftAED 1,600,000
24 Sept 2025Business BayVERA TOWERBusiness BayFlatExisting Properties1 B/R475 sqftAED 2,317/sqftAED 1,100,000

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.