Vera Residences
by DAMAC

Studios, one and two bedroom apartments

AED 950 K Starting price
Ready Handover
Vera Residencesby DAMAC

Buy apartments in Vera Residences by DAMAC Properties, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 950,000
Location Business Bay
Developer DAMAC Properties
Handover Ready
Living Area 315 sq. ft. - 1,063 sq. ft.
Bedrooms Studios - 2 BR
ROI 6.5%

Vera Residences is a completed DAMAC high-rise beside Dubai Water Canal, offering studios, one and two bedroom homes served by a pool, gym, wellness suites, landscaped gardens and in-building retail.

Set near Dubai Water Canal between Sheikh Zayed Road and Al Khail Road, this DAMAC tower offers studios, one bedroom and two bedroom layouts. One bedroom homes cover 470–523 sq ft, while two bedroom configurations span 890–1,063 sq ft. Studios are designed for efficient single or couple living, with a bathroom, fitted kitchen and balcony. U+A Architects served as the architectural consultant, and the residences were delivered with contemporary finishes rather than as bare shells. Neutral interiors suit both owner-occupiers and tenants. Many homes overlook the canal, while selected units also capture the Burj Khalifa and Dubai skyline. On-site facilities include a temperature-controlled pool, fitness centre, sauna, steam rooms and courtyard gardens. Residents also have a children's play area, barbecue zone and jogging track. Concierge service, covered parking, high-speed lifts, security and an in-tower supermarket support daily life, and pets are permitted. Apartments for sale in Vera Residences combine these facilities with a central address. Buyers comparing property for sale in Business Bay can also consider the tower's canal views and ready status.

Vera Residences
About Vera Residences

Overview of Vera Residences by DAMAC

A ready canal-side tower in one of Dubai's most central districts, Vera Residences pairs a full leisure and wellness offer with freehold apartments that hold steady tenant appeal among apartments for sale in Business Bay.

6.5%

Average ROI

7.5%

Maximum ROI

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Community

Business Bay is a central, high-rise mixed-use district set along Dubai Water Canal and sitting directly beside Downtown Dubai. Its character blends corporate towers, residential blocks, hotels and a landscaped waterfront promenade, giving the area a busy, urban rhythm that softens along the canal edge. The district draws nearby professionals along with couples, families and investors who want a genuinely central address. Waterside dining, cycling and walking routes shape day-to-day life, while the mix of towers keeps skyline views a constant feature. Real estate in Business Bay spans compact studios through to larger family homes, and the canal frontage remains the defining natural feature in an otherwise dense cityscape.

Everyday needs are well covered. Bay Avenue provides neighbourhood retail, while the canal promenade adds cafes and waterside restaurants. Schools and larger healthcare facilities are generally reached in surrounding districts rather than the immediate blocks, a normal trade-off for such a central address. Business Bay Metro Station is 5 min away by car, with bus routes serving the wider area. Al Khail Road is an 11 min drive. Dubai Mall takes 4 minutes and Dubai International Airport 11 minutes by car, supporting demand for Business Bay flats for sale.

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Interior

The residences use a contemporary design language suited to Dubai living. Neutral tones help compact studios and apartments feel open and calm, while light finishes complement the daylight entering through full-height glazing. Many homes frame the canal or skyline beyond. Layered lighting supports practical daytime use and creates a softer mood after dark. The overall look is understated rather than ornate. A studio for sale in Business Bay here feels efficient and liveable, while the larger one and two bedroom homes carry the same move-in-ready aesthetic through their living and sleeping areas.

Kitchens come fitted as standard, with cabinetry and worktops chosen for durability and clean lines. Bathrooms follow the same contemporary approach and are finished for daily use. Living areas are delivered ready for occupation rather than as bare shells, suiting tenants and owner-occupiers who want to move straight in. A two bedroom apartment in Business Bay within the tower offers the largest verified footprint, reaching around 1,063 sq ft. This provides defined living, dining and sleeping spaces, all finished to the consistent standard used across the building.

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Infrastructure

Daily convenience begins inside the building, where an in-tower supermarket covers routine grocery runs. Beyond the lobby, the canal promenade offers cafes and waterside dining within an easy walk. Bay Avenue, the district's neighbourhood retail hub, is also nearby. It brings everyday shops, casual restaurants and coffee spots together in one place. For anyone planning to buy property in Business Bay, this walkable mix of food and retail helps the area feel residential as well as commercial, with useful amenities close to the front door.

Larger-scale shopping and leisure are close by. Dubai Mall is 4 minutes away by car, with dining, cinemas and entertainment under one roof. Healthcare and schools are mainly found in neighbouring districts. Business Bay Metro Station is a 5 min drive, while bus routes F14, F19B and X22 serve the area. Al Khail Road takes 11 minutes and Sheikh Zayed Road around 7 minutes by car. Dubai International Airport is an 11-minute drive from the tower.

Overview

Ready to see what a Business Bay address could return?

Amenities
of Vera Residences

Residents move between wellness, leisure and family facilities without leaving the building, all supported by full-service concierge and security.

Fully equipped gym

Fully equipped gym

Landscaped gardens and courtyard

Landscaped gardens and courtyard

Covered parking

Covered parking

Temperature-controlled swimming pool
Sauna and steam rooms
Children's play area
Barbecue area
Jogging track
Concierge service
High-speed elevators
In-tower supermarket
24-hour security and maintenance
Pet-friendly policy
Gallery

Floor Plans Vera Residences by DAMAC

Property Type
Bedrooms
Area
Starting Price
Apartments
Studio
from 315 sq. ft.
Ask for Price
Studio Apartments
Ask for Price 315 sq. ft.
Bathrooms Bathrooms1

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Apartments
1 Bedroom
from 474 sq. ft.
Ask for Price
1 Bedroom Apartments
Ask for Price 474 sq. ft.
Bedrooms Bedrooms1
Bathrooms Bathrooms1

Are you looking for a profitable investment option?

We will help you get an asset that is growing in value

Apartments
2 Bedrooms
from 901 sq. ft.
Ask for Price
2 Bedrooms Apartments
Ask for Price 901 sq. ft.
Bedrooms Bedrooms2
Bathrooms Bathrooms2

Are you looking for a profitable investment option?

We will help you get an asset that is growing in value

Floor Plans

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
200+ Exclusive Listings
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Vera Residences
About Us

Economic Attractiveness

Backed by DAMAC Properties and set in a proven Business Bay location, the tower offers ready resale liquidity with active buyer and tenant demand supporting quick turnover.

Get Full Investment Details

ROI 6.5%

Several factors support the investment case. Canal outlooks, plus Burj Khalifa and skyline views from selected homes, add rental appeal where waterfront frontage is prized. The supermarket, concierge, pool, gym and wellness facilities give tenants useful services within the building. Location adds another advantage: Business Bay Metro Station is 5 min away by car, and Dubai Mall takes 4 minutes. With original developer stock sold out, purchases now take place on the secondary market through cash or mortgage. Buyers can therefore acquire a completed home that is available for immediate occupation or rental.

Vera Residences prices currently start at AED 950,000 for a one bedroom apartment for sale in Business Bay within the tower. Studios and two bedroom homes also trade on the secondary market. The building is in a freehold zone, allowing non-UAE nationals and expatriates to purchase with full ownership rights, subject to the standard 4% Dubai Land Department transfer fee.

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For Rent

For landlords, Vera Residences offers an established rental market. Current annual asking rents start at AED 58,000 for one bedroom homes and AED 63,500 for studios. Against the verified starting sale price, the one bedroom gross yield is about 6.5%. Portal figures for one bedroom units reach roughly 7.5%. The building's amenities, canal setting and central location support tenant demand, while the Vera Residences rental yield gives income-focused buyers a clear project-level benchmark.

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For Living

Living here means a self-contained routine wrapped around a canal-side setting. Homes range from efficient studios to two bedroom layouts of up to around 1,063 sq ft, all handed over move-in ready with fitted kitchens and contemporary finishes to DAMAC's standard. Downstairs, the pool, gym, sauna, landscaped gardens, play area and jogging track cover most leisure needs without leaving the building. The Business Bay location adds genuine day-to-day comfort: the canal promenade for walks and waterside dining, Bay Avenue for everyday retail, and metro plus major road links minutes away. Downtown Dubai sits next door, so culture, dining and entertainment are all within a short drive of the front door.

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For Resale

Vera Residences is complete, and its launch stock has sold out. Resales therefore take place on the secondary market, where DAMAC residences in Business Bay continue to attract buyers. Owners can offer a ready home with immediate rental potential in a central district. The tower also recorded active apartment transactions over the past year. Canal frontage, proximity to Downtown Dubai and the absence of construction risk give sellers practical advantages when presenting a home for resale.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Project Materials of Vera Residences

Project Materials

Developer Vera Residences

DAMAC Properties is a Dubai-based Emirati developer with a long-standing reputation across the region's residential and branded-living market.

Formed as a property division in 2002, DAMAC Properties has grown into one of Dubai's most recognisable names, with a portfolio spanning residential towers, branded residences and master-planned communities. The company reports more than 50,000 homes delivered and over 75 towers, plus more than 54,000 further units planned across 15 global cities. Registered with the Dubai Land Department as Developer No. 260 and posting AED 36 billion in sales during 2025, DAMAC Properties projects pair proven delivery scale with a lifestyle-focused approach to design.

Location of Vera Residences by DAMAC

Vera Residences stands in Business Bay beside Dubai Water Canal, with Downtown Dubai next door and Dubai Mall only 4 minutes away by car.

Road access includes Al Khail Road, 11 minutes away, and Sheikh Zayed Road, around 7 minutes by car. These links place Burj Al Arab 17 minutes away, Palm Jumeirah 21 minutes away and The Walk JBR roughly 25 minutes from the tower.

Business Bay Metro Station is 5 min away by car, while bus routes F14, F19B and X22 serve the surrounding area. Dubai International Airport takes 11 minutes by car, and Al Maktoum International Airport is a 34 min drive. These options connect the tower with central Dubai and both major airports.

Attractions

Dubai
Mall

icon 5 min

Burj Al Arab

17 min

Palm Jumeirah

21 min

Health Care

Emirates Hospital
Clinic

icon 3 min

Aster Clinic

6 min

Mediclinic Dubai Mall

6 min

Education

JSS Private
School

icon 8 min

Hummingbird Nursery Business Bay

6 min

GEMS Our Own Indian School

7 min

Transportation

Dubai International
Airport

icon 11 min

Business Bay Metro Station

5 min

Dubai Mall Metro Station

5 min

General FAQs

Below are the questions buyers, tenants and investors most often ask about Vera Residences. If something you need is not covered here, our team is glad to walk you through the details and current availability.

Ask a Question

Where exactly is Vera Residences located?

The tower stands in Business Bay near Dubai Water Canal, between Sheikh Zayed Road and Al Khail Road. Business Bay Metro Station is 5 min away by car, Dubai Mall takes 4 minutes, and Dubai International Airport is an 11 min drive. This places residents beside Downtown Dubai with direct access to the wider city.

Who is the developer behind Vera Residences?

Vera Residences was built by DAMAC Properties, a Dubai-based Emirati developer whose property division was formed in 2002. DAMAC reports more than 50,000 homes delivered and a portfolio of over 75 towers, and it recorded AED 36 billion in sales during 2025, giving buyers a well-established name behind the completed building.

What types of apartments are available at Vera Residences?

The building offers studios, one bedroom and two bedroom apartments. Mirrored brochure specifications place studios at around 315 sq ft. Verified covered areas span 470–523 sq ft for one bedroom homes and 890–1,063 sq ft for two bedroom layouts. Studios include a bathroom, fitted kitchen and balcony for efficient single or couple living.

How much does it cost to buy an apartment in Vera Residences?

Current asking prices on the secondary market start from AED 950,000 for a one bedroom apartment, which works out at an average around AED 2,338 per sq ft. Studios and two bedroom homes also trade through resale. Original developer stock is sold out, so purchases now go through the secondary market.

Is there a payment plan available at Vera Residences?

As a completed, ready building with launch stock sold out, Vera Residences has no current developer instalment plan. Buyers purchase on the secondary market using cash or a mortgage, taking on a finished, move-in-ready home rather than an off-plan unit. The standard 4% Dubai Land Department transfer fee applies to the purchase.

What is the rental yield at Vera Residences?

Current annual asking rents start at AED 58,000 for one bedroom homes and AED 63,500 for studios. Against the verified starting sale price, the one bedroom gross yield is about 6.5%. Portal figures for one bedroom units in the tower reach roughly 7.5%, giving investors both a current-listing benchmark and an upper project-level indicator.

Can foreigners buy property in Vera Residences?

Yes. Vera Residences sits in a freehold zone, so non-UAE nationals and expatriates can buy with full ownership rights. Residential purchases do not carry the 5% VAT applied to commercial deals, though the standard 4% Dubai Land Department transfer fee still applies at the point of sale.

What amenities does Vera Residences offer?

Residents have a temperature-controlled swimming pool, a gym, sauna and steam rooms, landscaped gardens, a children's play area, a barbecue zone and a jogging track. The building also provides concierge, covered parking, high-speed lifts, an in-tower supermarket, round-the-clock security and a pet-friendly policy.

Do the apartments have good views?

Many homes overlook Dubai Water Canal, which is the setting's defining feature, and a portion of the tower is reported to capture Burj Khalifa and wider Dubai skyline outlooks. The canal frontage and central Business Bay position make the views a genuine draw for both residents and tenants.

Is Business Bay a good area to live in?

Business Bay is a central, mixed-use district beside Downtown Dubai, combining corporate towers, residential blocks, hotels and a landscaped canal promenade. Bay Avenue covers everyday retail, waterside dining sits along the canal, and metro plus major roads keep the city within reach. Peak-hour traffic and a busy urban feel are the main trade-offs.

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Vera Residences
Amirans Kavtaradze

List by

Amirans Kavtaradze

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Vera Residences

Starting Price AED 950 K

Handover Ready