Vera Residences
Dubai · Business Bay
In Business Bay, Dubai, Vera Residences is a development by DAMAC. The project is sold out. The development is complete, with handover recorded for Q1 2022.
Key facts
- Handover (past)
- Q1 2022
- Status
- Ready
- Construction progress
- 100%
- Availability
- Sold out
How Vera Residences compares
Business Bay holds 75 off-plan projects, with a median entry price of AED 2.7M. The plan opens at 100% down, against a Dubai median of 20%, so it asks 80% more up front than the typical plan. Handover lands in Q1 2022, alongside 8 other projects completing in the same quarter. DAMAC has 42 projects in our catalogue, 10 of them in Business Bay.
Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.
Payment plan
Payment Plan
100%
Down payment
Amenities
- Water Play
- Outdoor Courtyard
- Swimming Pool & Kids Pool
- Yoga & Meditation Area
- Childrein'S Play Area
- Outdoor Gymnasium
- Indoor Gymnasium
Location
Vera Residences sits in Business Bay.
Distance to landmarks (straight line)
- Dubai Mall1.2 km
- Dubai International Airport (DXB)11 km
- Palm Jumeirah17 km
- Expo City Dubai28 km
Straight-line distance from the project's coordinates, not a drive time.
Master plan
The developer’s own site plan for Vera Residences, showing how the buildings, roads and open space sit together.
What you pay, and when
The payment plan published at launch ran 100% on booking. Buying now means a resale from a private owner, on whatever terms the two sides agree.
Dubai Land Department registration is charged at 4% of the purchase price on top. Under Dubai's Law 8 of 2007 the money does not go to the developer directly: a registered project holds buyer payments in an escrow account supervised by RERA, released against certified construction progress.
Handover and construction
Handover at Vera Residences was recorded for Q1 2022. Construction was last recorded at 100% complete.
What it costs to hold
Service charges in Business Bay run roughly 14 to 22 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation.
Who it suits
The developer has sold out, so anything available here is a resale from a private owner.
What is on site
Shared facilities recorded for Vera Residences take in water play, outdoor courtyard, swimming pool & kids pool, yoga & meditation area, childrein's play area, outdoor gymnasium and indoor gymnasium.
Frequently asked
Can you still buy at Vera Residences?+
Vera Residences is sold out from the developer, so any purchase now is a resale from a private owner.
When does Vera Residences hand over?+
Vera Residences is complete, with handover recorded for Q1 2022.
What is the payment plan at Vera Residences?+
The launch plan at Vera Residences was 100% on booking. The developer has sold out, so a purchase now is a resale from a private owner and the terms are whatever the two sides agree.
Which community is Vera Residences in?+
Vera Residences is in Business Bay, Dubai. We track 75 projects in Business Bay.
Who is building Vera Residences?+
Vera Residences is developed by DAMAC, who have 42 projects in our catalogue.
Before you commit
Ask about Vera Residences
Your advisor
Luxury Located Real Estate
Regulated as a brokerage by the Dubai Land Department and RERA
Replies the same day, seven days a week, with this project already attached.
Payment plan, availability, floor plates, or a viewing of the show unit. It reaches an advisor with this project already attached, so the first reply answers the question rather than asking which one you meant.
Related off-plan projects
Others in Business Bay, then more from DAMAC.
Vela Dorchester Collection
Omniyat · Business Bay
AED 43,330,140
Wedyan - The Canal
Al Ghurair Collection · Business Bay
AED 26,000,000
Vela Viento
Omniyat · Business Bay
AED 25,750,368
The Ritz-Carlton Residences
Kappa Acca Real Estate Development · Business Bay
AED 19,600,000
Bugatti Residences by Binghatti
Binghatti · Business Bay
AED 19,500,000
Eywa
Revolution · Business Bay
AED 11,455,773
Vera Residences is an off-plan development by DAMAC in Business Bay. See more DAMAC projects or all 75 off-plan projects in Business Bay. Developer data, verified by our team on 4 Sept 2026. Confirm current details with us before making a decision.