About Vera Tower
Vera Tower is a residential and retail tower by DAMAC Properties, in Business Bay, Dubai. It rises 29 storeys (1 basement level, a ground floor, 3 podium levels, 25 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 526 homes.
Key information
Developer
DAMAC Properties
- Handover
- Q1 2022
- Status
- Handed over
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2016
- Number of buildings
- 1
- Number of units
- 526
- Registered with DLD
- 31 Aug 2016
- Escrow bank
- Abu Dhabi Commercial Bank
- Escrow account no.
- 10346530920005
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2016
- Handed overQ1 2022
Construction progress
98 inspection photos from the Dubai Land Department. Latest 31 Mar 2022 at 100% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
6 Elevators
12 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
735
Median price
AED 980K
Median price / sqft
AED 2K+34%
Off-plan share
71%
Priced 7% below than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 7 | 335 sqft | AED 700K | AED 2K |
| 1 Bed | 430 | 477 sqft | AED 828K | AED 2K |
| 2 Bed | 298 | 902 sqft | AED 1.3M | AED 1K |
Price per sqft by year
+34% since 2018AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 27 Aug 2026 | Resale | 890 sqft | AED 1.5M | AED 2K |
| 04 Aug 2026 | Resale | 485 sqft | AED 1.0M | AED 2K |
| 29 Jul 2026 | Resale | 478 sqft | AED 1.1M | AED 2K |
| 22 Jul 2026 | Resale | 475 sqft | AED 1.0M | AED 2K |
| 16 Jul 2026 | Resale | 890 sqft | AED 1.5M | AED 2K |
| 15 Jul 2026 | Resale | 487 sqft | AED 950K | AED 2K |
| 29 Jun 2026 | Resale | 473 sqft | AED 1.1M | AED 2K |
| 05 May 2026 | Resale | 905 sqft | AED 2.1M | AED 2K |
Unit mix
526 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Commercial | 4 | - |
| Studio | 4 | 353 - 358 sqft |
| 1 B/R | 293 | 473 - 611 sqft |
| 2 B/R | 225 | 727 - 1,088 sqft |
Payment plan
Payment plans are set by DAMAC Properties and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Business Bay, Dubai.
Business Bay
Dubai, United Arab Emirates
Frequently asked questions
Vera Tower has already been handed over (Q1 2022), according to Dubai Land Department records.
