COMPLETED

DAMAC World Real Estate L.L.C

VERA Tower

Business Bay · Dubai

VERA Tower, Business Bay: a completed DAMAC tower of 526 units on the DLD register. DAMAC's floor plans show studios, one and two-bedroom homes from 315 sq ft.

Unit typesApartmentsThe unit mix below has the detail per type.

Registered resales, median per unit, DLD, 28 April 2025 to 30 October 2026AED 1,165,000Median of 44 sales registered with the Dubai Land Department between 28 April 2025 and 30 October 2026, at a median 512 sq ft. Offices and shops excluded, duplicates removed — a dated extract, not a live query.

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Unit mix and sizes are DAMAC World Real Estate L.L.C's own, as published in this brief. The money figures are the Dubai Land Department transaction register as at 30 October 2026 — arm's-length sales only, offices and shops excluded, duplicates removed. A dated extract, not a live query.

At a glance

Project summary

4 lines

Developer: DAMAC World Real Estate L.L.C
Community: Business Bay, Dubai
Status: Completed
Unit mix: Apartments

Project resources

Download

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Brochure4.80 MB Floor plans8.47 MB Payment plan32 KB

Download any document directly — no form, no sign-up. We keep the resources open so you can review the detail on your own terms.

Unit mix

3 types, as published in this brief.

Type	Unit area	Balcony	Total
Studio	229 sq ft	86 sq ft	315 sq ft
One bedroom	349 sq ft	125 sq ft	474 sq ft
Two bedroom	668 sq ft	233 sq ft	901 sq ft

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Areas as printed on DAMAC's floor plans, which head the columns "Unit area", "Balcony" and "Total". The brochure prints the same figures.

Market evidence

Registered sales

DLD registerAs at 30 Oct 2026

Independent, registered evidence — not asking prices. Every figure below is drawn from arm’s-length sales at VERA Tower recorded by the Dubai Land Department, taken from a single extract pulled on 13 Nov 2026 and covering sales registered up to 29 Oct 2026: 742 in all, the earliest dated 5 Feb 2018.

Median AED/sqft, last 6 months

AED 2,038

Apartments and villas, 12 sales to 29 Oct 2026

Registered sales, all time

742

5 Feb 2018 to 29 Oct 2026

PSF range

553 – 2,527

Low to high, AED/sqft, apartments since Apr 2025

Median sale price

AED 1.17M

Apartments since Apr 2025

Median AED/sqft by month, apartments since Apr 2025

19 months · sale counts omitted at this scale

By bedroom count

Beds	Sales	Median size	Median PSF	Median price
1 BR	25	478 sqft	2,216	AED 1.09M
2 BR	19	900 sqft	1,700	AED 1.51M

Resale secondary market

2,117 AED/sqft

Median of 44 registered sales

Most recent registered sales

12 most recent of 44 apartment and villa sales since Apr 2025, to 30 Oct 2026

Date	Beds	Size (sqft)	Price (AED)	AED/sqft
30 Oct 2026	2 BR	890	1,450,000	1,629
29 Oct 2026	2 BR	897	1,350,000	1,505
19 Oct 2026	1 BR	475	940,000	1,980
16 Oct 2026	1 BR	474	1,000,000	2,108
14 Sep 2026	2 BR	902	1,546,373	1,715
26 Aug 2026	2 BR	890	1,532,772	1,721
4 Aug 2026	1 BR	485	1,015,000	2,095
29 Jul 2026	1 BR	478	1,120,000	2,345
22 Jul 2026	1 BR	475	1,030,000	2,169
16 Jul 2026	2 BR	890	1,513,848	1,700
15 Jul 2026	1 BR	487	950,000	1,951
29 Jun 2026	1 BR	473	1,092,000	2,308

Individual arm’s-length sales as registered with the Dubai Land Department. Sizes are as recorded on the title deed; price is the registered consideration, which excludes transfer costs and any agency or developer charges.

Registered DLD transactions for this project. Where the project appears in the DLD transaction feed, the headline comes from that feed. Its registered-sales count covers the project's whole history, with two exclusions. Where the project has also sold units or villas, sales of the land plot and of the whole building are left out. Office, shop, showroom, workshop and store sales are left out too, unless they make up more than half of the sales that remain; the project is then treated as commercial and they are counted. The headline median is the feed's last six months of apartment and villa sales only. Every other figure in this band (range, quarterly and monthly series, bedroom table, recent sales), and the headline itself where the project is not in the feed, comes from a separate extract of arm's-length 'Sales' of apartments only (flats, serviced apartments and stacked townhouses) since the first sale in that extract. The extract leaves out intra-family 'Gifts' transfers, zero-price rows, land, whole-building and villa sales, hotel rooms, and offices, shops, showrooms and other non-residential units; offices and shops price far above the apartments above them and would otherwise set the top of the price-per-square-foot range. Where the register holds the same sale twice, the duplicate is removed before anything is counted. A project is published at any count, down to a single sale; below 30 qualifying sales it is marked as a small sample, and no percentage or purchase-price seed is derived from it. Period and bedroom figures are medians of AED per square foot, which are robust to the outliers that skew a mean on a thin sample. A bedroom row or quarter resting on a handful of registered sales is shown with its sale count and marked as a small sample, because a median over one or two sales describes those sales and not the market. Benchmarks are medians of apartment sales over the trailing 12 months for the same area and registration type. This is a dated extract, not a live query: it changes only when the extract is regenerated with `npm run data:dld`. Dates are the Dubai Land Department's own registration dates. Where a sale reaches us twice — once in DLD's bulk export and once in its daily feed — we keep the bulk record, and DLD registers on working days, so a sale agreed at a weekend carries the following working day. Source: Dubai Land Department (DLD) transaction register, via Mitchell's DLD pipeline. Data as at 30 Oct 2026; extract generated 13 Nov 2026. Past registered prices are evidence of what has been paid, not a forecast of future value.

Gallery

3 images

Balconies at VERA Tower — Business Bay, skyline — Mitchell's Commercial Real Estate

Exterior facade of VERA Tower — Business Bay, detail — Mitchell's Commercial Real Estate

Lobby at VERA Tower — Business Bay — Mitchell's Commercial Real Estate

The brief

About this project

Vera Tower, a completed DAMAC building in Business Bay

Vera Tower is a residential tower in Business Bay, Dubai, built under the DAMAC brand. The Dubai Land Department register holds it as VERA TOWER, project number 1786, with 526 units, and records it as finished. DAMAC's marketing material styles the name "Věra" and, in places, "Věra Residences". On this page we use the plain form, Vera.

The building is made up of studios and one- and two-bedroom apartments. For an investor or a landlord, three sources sit behind this brief. The register gives the project's identity, its unit count and its completed status. DAMAC's floor plans give the unit types, where each type sits on a floor, and the printed areas. DAMAC's brochure describes the facilities, the location and the travel times DAMAC presented to buyers. Each figure below is credited to the document it comes from.

DLD project number: 1786
Community: Business Bay
Units: 526 per the register
Completion: Recorded by the DLD project register as 31 March 2022
Escrow agent: Abu Dhabi Commercial Bank, per the DLD register
Escrow account: 10346530920005, per the DLD register
Type: Apartments

Figures are from the Dubai Land Department register, snapshot of 10 November 2026.

The building and units

DAMAC's brochure describes Vera as a 30-storey tower. Its floor plans set out the residential floors from the 4th floor to the 28th, on three sheets: one for the 4th floor, one for the 5th floor, and one typical plan for floors 6 to 28.

Each sheet lists the unit numbers on that floor against their type. The 4th floor and the typical floors from 6 to 28 hold one-bedroom and two-bedroom apartments only. The 5th floor is the one level where the plans show studios, set alongside one- and two-bedroom units. The register's 526 is the unit total DLD holds for the project, and it is the figure we use.

The plans print two orientation labels on every floor. One side of the building is marked as facing Downtown and park view. The other is marked as facing the Dubai Canal. When you look at a particular apartment, its unit number and the side of the floor it sits on are the quickest way to match it to the plan and to see which of those two outlooks it has.

DAMAC's floor plans give one unit plan for each of the three types. Each prints three area figures: the unit area, the balcony and the total of the two. The table above reproduces them exactly. A buyer comparing Vera with another building should compare like with like, because some developers quote the internal area alone and others quote a figure that includes the balcony.

Inside the apartments, the brochure lists a fully fitted kitchen among the features, and it describes the bathrooms as spacious. DAMAC's plans carry a standard note that every plan and layout is indicative and could change up to the final as-built status. On a completed building, the title deed and the unit itself are what settle the detail.

DLD register status

The Dubai Land Department register records project 1786 as finished. Its percentage complete stands at 100 as at 31 March 2022, and its completion date is the same day. The register gives the project's start date as 15 December 2016.

The register names Damac World Real Estate L.L.C as the developer, and Abu Dhabi Commercial Bank as the escrow agent. The project number, 1786, is the reference to quote when you check a unit against the register or ask for its sales history.

Location

DAMAC's brochure places Vera in Business Bay, on the Dubai Canal and near Downtown Dubai. The brochure's map of the area marks the tower's position on the canal. Around it, the map labels Business Bay Metro Station, Sheikh Zayed Road, City Walk, Safa Park, and Burj Khalifa with The Dubai Mall. The same map marks 23 DAMAC projects across Business Bay under the heading "A DAMAC Domain".

Our Business Bay investment guide covers the community in more depth, and Damac Towers is another DAMAC brief in the same community.

Other DAMAC buildings in Business Bay: Avanti Tower, Damac Towers, Merano Tower and REVA Residences.

In depth

Detail, in the order it was written

Travel times

DAMAC's brochure prints travel times in minutes from the tower to ten places. They are DAMAC's own figures, as printed.

Destination	Minutes
Dubai World Trade Centre	8
The Dubai Mall / Burj Khalifa	9
Jumeirah Beach	9
Mall of the Emirates	10
An international school	10
Dubai International Airport	13
Burj Al Arab	14
Palm Jumeirah	16
Dubai Yacht Harbour	16
The supermarket	20

Travel times as stated in DAMAC's brochure.

Facilities

The brochure lists the building's facilities in a single list:

a lobby with 24-hour reception and a concierge desk
landscaped gardens
a temperature-controlled swimming pool
a gymnasium with changing rooms separated for men and women
steam rooms and a sauna
a kids club
covered parking

A plan of the pool deck in the brochure labels seven areas: a kids' play area, an outdoor courtyard, an outdoor gym, an indoor gymnasium, a kids' pool and wet play area, the main pool, and a space for yoga and meditation. The same plan carries the two orientation labels from the floor plans, facing Downtown and park view on one side and the Dubai Canal on the other. The brochure also describes a wellness area set aside for rest, with room for yoga or meditation.

These are the facilities as DAMAC's brochure describes them. On a building that has been complete since 2022, what matters to an owner or tenant is how they run today, which is a question for a site visit and for the owners' association.

Developer

The register names Damac World Real Estate L.L.C as the developer of Vera Tower. The project was marketed under the DAMAC brand, and the brochure presents it as a DAMAC Properties development.

DAMAC's brochure describes DAMAC Properties as active in the Middle East's property market since 2002. As of 30 June 2021, it states that DAMAC had delivered close to 35,000 homes and that its development portfolio, spread across different stages of planning and progress, stood at more than 33,000. The brochure lists the countries where DAMAC has worked as the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Canada, the Maldives and the United Kingdom. It names brand partnerships with The Trump Organization on a golf course, and with Versace, Fendi Casa, Just Cavalli, Paramount Hotels & Resorts, Rotana and Radisson Hotel Group. These are DAMAC's own figures and claims, as printed in its brochure.

Documents

Three DAMAC documents are available as downloads on this page.

Brochure: 19 pages. It covers the location and map, the travel times, the facilities list, the pool-deck plan, the interiors and the three unit plans with their areas.
Floor plans: 10 pages. The plans for the 4th floor, the 5th floor and floors 6 to 28, each with its unit-number table, then the studio, one-bedroom and two-bedroom unit plans with their printed areas.
Payment plan: a single-page DAMAC payment plan.

The brochure and the floor plans both close with DAMAC's office directory and a disclaimer. All three are DAMAC's own marketing documents, published as DAMAC issued them.

Buyer checks

Buying in a completed tower raises different questions from an off-plan purchase. These are the ones worth putting to the seller, the owners' association and your own adviser before you commit.

Does the title deed name the same floor and unit number as the apartment you are being shown, and does that unit appear on the matching DAMAC floor plan?
Which side of the floor does the unit face, Downtown and the park or the Dubai Canal, and does the view on site match the plan's label?
Does the as-built layout match the unit plan for its type, and do the measured areas match the figures on the title deed?
What is the current service charge, and can the owners' association confirm it in writing?
Are the facilities in the brochure's list open and in use, and on what terms do residents use them?
Is the unit let, and if so, on what lease terms and to when?
What payment terms apply to the specific unit on offer, and are they set out in writing?

Enquiries

If you are weighing an apartment in Vera Tower, we can go through the register entry with you, match the unit on offer to DAMAC's plans and walk through the checks above before you commit. Mitchell's Commercial Real Estate acts for the buyer.

Location

Area and connectivity

DLD register

VERA Tower is in the Business Bay area. The Dubai Land Department register records the nearest metro station, retail centre and landmark against the project — those are the points shown below.

Connectivity schematic

Diagram, not a map. Node positions are for orientation only — they are not to scale, not to bearing, and imply no distance or travel time.

Location record

Area: Business Bay
Nearest metro (DLD record): Burj Khalifa Dubai Mall Metro Station
Nearest mall (DLD record): Dubai Mall
Nearest landmark (DLD record): Downtown Dubai

Area and community are from our own project record. Each connectivity point is the nearest of its kind recorded against this project in the Dubai Land Department register, named without distance or journey time.

Connectivity points: Dubai Land Department project register. Area and community: our own project record. Neither is a survey.

Location

VERA Tower — Business Bay

Get Directions

DLD sales data

Pricing against the market

Registered evidence · as at 30 Oct 2026

Every figure below is derived from arm’s-length sales registered with the Dubai Land Department — completed transactions, not asking prices. The register was read on 13 Nov 2026. The most recent qualifying sale at VERA Tower is dated 30 Oct 2026. Medians are of AED per square foot across all unit types unless stated otherwise.

Median AED / sqft — VERA Tower against its benchmarks

VERA Towern = 44 registered sales since Apr 2025

2,117AED / sqft

this project

Business BayArea median, existing properties · n = 2,473 sales

1,838AED / sqft

+15.2%premium

Premium and discount compare VERA Tower’s median AED/sqft with each benchmark median from the same extract; n is the number of registered sales behind each median. A premium is neither good nor bad in itself — it reflects specification, unit mix, floor level and how recently the sales were registered. Bar length is proportional to the median shown.

Off-plan vs resale

Off-plan

—

No registrations · n not reported

Resale

2,117

AED/sqft median · n = 44

Only resale sales are on the register for this project as at 30 Oct 2026, so no off-plan-to-resale comparison can be evidenced here.

Source: Dubai Land Department (DLD) transaction register, via Mitchell's DLD pipeline. Register read 13 Nov 2026; most recent qualifying sale 30 Oct 2026. Only arm’s-length sales are counted.

The developer

DAMAC World Real Estate L.L.C

DAMAC World Real Estate L.L.C is the developer named on this brief.

Browse all project briefs

Method & questions

Method

Figures as at 30 Oct 2026

Two different things sit on this page: transaction evidence taken from the Dubai Land Department’s public register, and the mechanics of buying in Dubai. The four notes below explain how the figures were built and what they can fairly be used for.

Registered salesEvery Dubai Land Department figure on this page comes from a sale that completed and was entered on the public register, so it tells you what buyers have paid. A developer’s price list tells you what the developer is asking today, which is a different measure, so asking prices, portal listings and price lists are not counted in these figures.
MediansProject samples are often thin, and a single penthouse or one bulk-discounted floor will pull an average a long way off. The median — the middle transaction — describes the typical unit far more reliably at these sample sizes. The count behind each figure is always shown so you can judge how much weight it deserves.
Sales only“Sales” means arm’s-length sales. Intra-family and other “Gift” transfers are excluded, as are rows registered at zero or nominal consideration, because neither is evidence of a market price.
A dated snapshotThese are a snapshot, stated as at 30 Oct 2026, taken from one extract of the register rather than queried live. A figure for this project quoted elsewhere, or taken from a different extract, may not match what you see here.

Common questions

Where is Vera Tower?

Vera Tower is in Business Bay, Dubai. DAMAC's brochure places it on the Dubai Canal, close to Downtown Dubai. Our Business Bay guide covers the wider community.

What does the Dubai Land Department register record for Vera Tower?

The Dubai Land Department register lists VERA TOWER as project number 1786, with 526 units. It records the project as finished, 100 per cent complete as at 31 March 2022.

Who is the developer?

The register names Damac World Real Estate L.L.C as the developer. The project was marketed under the DAMAC brand.

What apartment types are in the building?

DAMAC's floor plans show studios, one-bedroom and two-bedroom apartments. The studios appear only on the fifth-floor plan.

What sizes do DAMAC's floor plans give?

The floor plans print a studio at 229 sq ft plus an 86 sq ft balcony, 315 sq ft in total. The one-bedroom is 349 sq ft plus 125 sq ft, 474 sq ft in total. The two-bedroom is 668 sq ft plus 233 sq ft, 901 sq ft in total.

How tall is the tower?

DAMAC's brochure describes a 30-storey tower. Its floor plans cover the residential floors from the 4th to the 28th.

What facilities does DAMAC's brochure list?

The brochure lists a lobby with 24-hour reception and a concierge desk, landscaped gardens, a temperature-controlled pool, a gym with changing rooms separated for men and women, steam rooms and a sauna, a kids club and covered parking.

Which bank is the escrow agent?

The Dubai Land Department register names Abu Dhabi Commercial Bank as the escrow agent for project 1786.

Small print

Sources

Every figure on this page is traceable

Dubai Land Department project register, project 1786, snapshot of 10 November 2026: name, developer, unit count, status, percentage complete, completion and start dates, escrow agent. DAMAC brochure (19 pages): location, map labels, travel times, facilities, pool-deck plan, interiors, unit areas and company figures as of 30 June 2021. DAMAC floor plans (10 pages): floor coverage, unit types by floor, orientation labels and unit areas. DAMAC payment plan (1 page): offered as a download.

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Project summary

Download

Unit mix

Registered sales

Gallery

About this project

Vera Tower, a completed DAMAC building in Business Bay

The building and units

DLD register status

Location

In depth

Travel times

Facilities

Developer

Documents

Buyer checks

Enquiries

Area and connectivity

Location

Book a private briefing

Pricing against the market

DAMAC World Real Estate L.L.C

Got questions?

Method

Common questions

Sources

Enquire about this project