Vera Tower, Business Bay

Vera Tower is a mixed-use building in Business Bay, Dubai, developed by DAMAC. It holds about 528 units: studios, 1-bedroom apartments, 2-bedroom apartments, commercial units.

The building was completed in 2022 and has been in use for about 4 years. 25 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 2,095 per sq ft.

Vera Tower is one of 257 buildings in Business Bay: 149 are complete and 61 are still being built.

• A mixed-use ready building
• Located in Business Bay, Dubai
• Developed by DAMAC
• Completed in Q1 2022
• Unit types: Studio, 1 Bed, 2 Beds, Commercial
• Sizes from 60 to 1,090 sq ft
• Features: Concierge, Gated Community, Seafront, Shared Spa
• Service charge from AED 21.94 per sq ft
• Burj Khalifa/Dubai Mall metro station 2.1 km away

Status

Ready

Developer

DAMAC

Location

Business Bay, Dubai

Completed

Q1 2022

Unit types

Studio, 1 Bed, 2 Beds, Commercial

Prices from

AED 611.0K

Median price per sq ft

AED 2,095

Median gross yield

7.4%

Service charge

AED 25.36 per sq ft (2026)

Nearest metro

District 1 near High Speed Rail line, 1.1 km

Vera Tower lists 4 features and facilities for its residents.

• Concierge
• Gated Community
• Seafront
• Shared Spa

Price ranges from the most recent registered sales, by unit type:

• 1-bedroom apartments: AED 940.0K to AED 1.2M (473 to 513 sq ft), across 10 sales
• 2-bedroom apartments: AED 500.0K to AED 2.1M (890 to 906 sq ft), across 10 sales

1-bedroom homes in Vera Tower were let for AED 60.0K to AED 75.0K a year across 10 recent contracts, with a median of AED 67.5K.

Yearly rents from recent registered contracts, by unit type:

• 1-bedroom apartments: AED 60.0K to AED 75.0K a year (474 to 513 sq ft), across 10 contracts
• 2-bedroom apartments: AED 85.0K to AED 117.5K a year (890 to 946 sq ft), across 8 contracts

Every sale in Vera TowerEvery rent contract in Vera Tower

The 2026 service charge in Vera Tower is AED 25.36 per sq ft for homes, AED 21.94 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Source: Dubai Land Department service charge index. Rates are reviewed each year.

The nearest Dubai Metro station from Vera Tower is Burj Khalifa/Dubai Mall (red line, 2.1 km, about 6 min drive), then Business Bay (red line, 2.3 km, about 7 min drive). Stations planned on new lines nearby include District 1 near High Speed Rail line (golden line, 1.1 km, about 13 min walk) and Burj Khalifa Road (golden line, 1.2 km, about 14 min walk). Most residents will drive or take a taxi to the metro.

• District 1 near High Speed Rail lineGolden line · 1.1 km · about 13 min walk
• Burj Khalifa RoadGolden line · 1.2 km · about 14 min walk
• Burj Khalifa/Dubai MallRed line · 2.1 km · about 6 min drive
• Business BayRed line · 2.3 km · about 7 min drive
• Business Bay InterchangeGolden line · 2.3 km · about 7 min drive
• Financial CentreRed line · 2.8 km · about 8 min drive

The closest is Spinneys / south bridge downtowne Dubai, 0.5 km from Vera Tower (about 6 min walk).

• Spinneys / south bridge downtowne DubaiSupermarket · 0.5 km · about 6 min walk
• Spinneys / EMAAR Boulevard, Downtown DubaiSupermarket · 1.2 km · about 14 min walk
• Dubai MallShopping Mall · 1.3 km · about 5 min drive
• Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 1.3 km · about 5 min drive
• Choitram, The Executive TowersSupermarket · 1.8 km · about 6 min drive

The closest is Al Manzil Hotel, 0.7 km from Vera Tower (about 8 min walk).

• Al Manzil HotelHotel · 0.7 km · about 8 min walk
• Vida Hotels and ResortsHotel · 0.9 km · about 11 min walk
• The Address HotelHotel · 1 km · about 12 min walk
• Radisson Blu Hotel, Dubai DowntownHotel · 1.1 km · about 13 min walk
• Qamardeen HotelHotel · 1.2 km · about 14 min walk

The closest is Al Amal Hospital, 3.1 km from Vera Tower (about 8 min drive).

• Al Amal HospitalHospital · 3.1 km · about 8 min drive
• Medcare HospitalHospital · 4 km · about 10 min drive
• Internationl Medical CenterHospital · 4.5 km · about 11 min drive
• Emirates HospitalHospital · 4.7 km · about 11 min drive
• Manchester ClinicHospital · 5 km · about 12 min drive

The closest is Al Quoz Pond Park, 2.9 km from Vera Tower (about 8 min drive).

• Al Quoz Pond ParkPark · 2.9 km · about 8 min drive
• Dubai Bowling CentreSports Academy · 3 km · about 8 min drive
• Safa ParkPark · 3.7 km · about 9 min drive
• Meydan TheatreTheatre House · 3.8 km · about 10 min drive
• Meydan Grandstand and RacecourseStadium · 3.8 km · about 10 min drive

The nearest is Jebel Ali School (Br of Taaleem Management (L L C)), 2.5 km away. Ratings are the KHDA's latest inspection grades.

• Jebel Ali School (Br of Taaleem Management (L L C))UK · KHDA: Very good · 2.5 km
• Hartland International School - FZUK - International Baccalaureate - UK/IB · KHDA: Very good · 2.5 km
• North London Collegiate School Middle East L.L.C - FZInternational Baccalaureate · KHDA: Very good · 2.6 km
• Dubai International Private School - BrAmerican · KHDA: Good · 2.8 km
• GEMS Our Own Indian SchoolIndian · KHDA: Very good · 2.8 km
• Global Indian International School L.L.CIndian · KHDA: Good · 2.8 km

Business Bay has 257 buildings. A few others to compare Vera Tower with:

• Ready

  014 Tower

  Business Bay · H&H

  Completed 2012

• Ready

  15 Northside Tower 1

  Business Bay · Select Group

  Completed 2023

• Ready

  15 Northside Tower 2

  Business Bay · Select Group

  Completed 2023

• Ready

  51 @ Business Bay

  Business Bay · Deyaar

  Completed 2012

• Off-plan

  77S

  Business Bay · 77 Shades of Green

  Handover 31 Dec 2028 · 14% built

• Ready

  AG Tower

  Business Bay · Arabian Gulf

  Completed 2021