Furnished 2-Bedroom with Burj View at Vera Residences, Business Bay – Rented, 8.1% Below Market

Property Overview

This furnished 2-bedroom apartment of 908 sq ft in Vera Residences, Business Bay, is offered at AED 1,470,000 (about AED 1,619 per sq ft). The agent puts the market price at AED 1,600,000, making the asking price AED 130,000 (8.1%) lower. The unit has a Burj view and is let at AED 100,000 a year until 10 September 2027.

Property Highlights

• Asking price: AED 1,470,000
• Agent-stated market price: AED 1,600,000
• Difference: AED 130,000 (8.1% below stated market price)
• Size: 908 sq ft (agent-stated)
• Rate: approximately AED 1,619 per sq ft (calculated)
• Bedrooms: 2
• View: Burj (agent-stated)
• Furnishing: furnished (agent-stated)
• Tenancy: AED 100,000 per year until 10 September 2027 (agent-stated)
• Gross yield on asking price: about 6.8% (calculated, before service charges and costs)

Why the Price Qualifies as Below Market

The agent supplied a market price of AED 1,600,000 for this unit. The asking price of AED 1,470,000 is AED 130,000 lower, a 8.1% difference. The market figure is the agent's estimate and is not tied to a specific dated DLD transaction.

Buyers should check recent DLD-registered 2-bedroom sales in Vera Residences of a similar size, view and furnishing level to confirm the benchmark before making an offer.

About Vera Residences and Business Bay

Vera Residences is a 29-storey freehold residential tower by DAMAC Properties on Marasi Drive in Business Bay, completed in 2022. It contains studios and 1- and 2-bedroom apartments.

Reported building facilities include a temperature-controlled pool, gym, sauna and steam rooms, landscaped gardens, an outdoor courtyard, a ground-floor supermarket, concierge, covered parking and a pet-friendly policy. Confirm current facilities and service charges with building management.

Layout, View and Furnishing

The agent describes a 908 sq ft furnished 2-bedroom apartment with a Burj view. Floor level, bathroom count and parking were not supplied; request the floor plan and title deed details.

Tenancy and Transfer

The unit is tenanted at AED 100,000 per year until 10 September 2027, according to the agent. A buyer would take over the existing lease and its terms. Ask for the registered Ejari, the tenancy contract, the payment schedule (number of cheques) and confirmation of any rent already collected by the seller. Vacant possession would not be available before the lease ends unless agreed with the tenant under Dubai tenancy law.

Location and Connectivity

Vera Residences is on Marasi Drive in Business Bay, a central district linked to Sheikh Zayed Road and Al Khail Road and served by Business Bay Metro Station. DPF has not verified exact journey times from this building.

Verification Notes

• Agent-supplied: building, bedrooms, size, price, AED 1.6M market price, Burj view, furnished, AED 100,000 rent until 10 September 2027.
• Calculated by DPF: difference versus stated market price, price per sq ft, gross yield.
• External research: developer, height, completion year, unit mix, amenities and location from building references.
• Not supplied: floor, bathrooms, parking, original purchase price, DLD comparables, tenancy payment terms, service charge.