2 Bedroom Apartment in Vera Residences, Business Bay, Canal View, 10.8% Below Original Price

Property Overview

This 2-bedroom apartment with scenic canal views in Vera Residences, Business Bay, is offered at AED 1,650,000 net to owner, which is AED 200,000 below the original purchase price of AED 1,850,000, a reduction of 10.8%. The apartment spans 900 sqft, is vacant and is in a completed building by DAMAC Properties. The price was reduced from the previous asking of AED 1,850,000 to AED 1,650,000.

Property Highlights

• 2-bedroom apartment, 900 sqft
• Scenic canal views
• Vacant and ready to move in
• Asking price: AED 1,650,000 (net to owner)
• Original purchase price: AED 1,850,000
• Saving: AED 200,000 (10.8% below OP)
• Rate: AED 1,833 per sqft
• Ready property (completed 2022)

Net to Owner Pricing

The asking price of AED 1,650,000 is quoted as net to owner. The buyer is responsible for the 4% DLD transfer fee, agency commission and any applicable administrative fees on top of the NTO price. Buyers should calculate the total acquisition cost accordingly.

Why This Price Qualifies as Below OP

The seller's original purchase price is stated as AED 1,850,000. The current asking price of AED 1,650,000 represents a reduction of AED 200,000, equivalent to 10.8% below the original price. The seller has reduced the asking price from AED 1,850,000 (matching the OP) to AED 1,650,000, indicating significant motivation to exit. At the asking price, the rate per square foot is AED 1,833.

Buyers should verify the original SPA directly before proceeding.

Rental Context

Comparable 2-bedroom apartments in Vera Residences are currently rented at approximately AED 95,000 to AED 100,000 per year based on published listings. At the NTO asking price of AED 1,650,000, this would represent a gross rental yield of approximately 5.8% to 6.1%. The net yield after service charges, maintenance and any management fees would be lower. These figures are provided as market context only and buyers should verify current rental conditions independently.

About Vera Residences

Vera Residences is a 29-storey residential tower by DAMAC Properties (DAMAC World Real Estate LLC) on Marasi Drive in Business Bay. Completed in 2022, the development offers studios and 1 and 2-bedroom apartments with views of the Dubai Water Canal and surrounding skyline. The tower features floor-to-ceiling windows, high-quality finishes and freehold ownership.

Amenities include a temperature-controlled swimming pool, fully equipped gymnasium, steam and sauna rooms, children's play area, landscaped gardens, outdoor courtyard, supermarket on the ground floor, covered parking and 24-hour security.

Location and Connectivity

Vera Residences is situated on Marasi Drive in Business Bay with access to Sheikh Zayed Road and Al Khail Road. The tower overlooks the Dubai Water Canal and is within close proximity of Downtown Dubai, Burj Khalifa, Dubai Mall and DIFC. The Business Bay Metro station on the Red Line is nearby. Buyers should verify specific travel times independently.

Verification Notes

The asking price (NTO), original purchase price, built-up area, canal view, vacant status and price reduction are sourced from the agent brief received in September 2026. The savings calculation of AED 200,000 (10.8%) is derived from the difference between the stated original price and the NTO asking price. The price per square foot of AED 1,833 is calculated from the asking price and stated built-up area. Rental context is drawn from published secondary market listings and should be verified independently. Project details are drawn from DAMAC Properties and secondary market sources. Buyers should independently confirm all figures, including the original SPA, property condition and total acquisition cost including fees, before committing.