Vera Tower in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Vera Tower

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	84	17,958	1,500,000

Rents in Vera Tower

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	45	1,722	76,933
2	84	1,367	114,706

The cap rate (rental yield) of investments into Vera Tower project is 8.1% on average.

The price of an apartment in Vera Tower is 17,958 AED/sqm on average.

The long term rent of an apartment in Vera Tower is 1,446 AED/sqm/year on average.

Price for completed 2 bedroom apartment in Vera Tower is 1,500,000 AED or 17,958 AED/sqm.

Rent for 1 bedroom apartment in Vera Tower is 76,933 AED or 1,722 AED/sqm.
Rent for 2 bedroom apartment in Vera Tower is 114,706 AED or 1,367 AED/sqm.

About Vera Tower

'Vera Tower' in 'Business Bay' area project description

Vera Tower is a luxurious residential development located in the heart of Dubai, UAE. The project is developed by Emaar Properties, one of the leading real estate developers in the region. The tower is situated in the Downtown Dubai district, a vibrant area that is home to some of the city’s most iconic landmarks, including the Burj Khalifa, the world’s tallest building.

Vera Tower is a stunning high-rise building that stands at a height of 36 storeys, offering breathtaking views of the city skyline. The tower features a modern design with a sleek glass façade, giving it a contemporary look. Inside, the apartments are spacious and luxurious, with high-end finishes and modern amenities. The building also offers a variety of amenities, including a gym, swimming pool, sauna, and a rooftop terrace.

The tower is located close to a number of attractions, including the Dubai Mall, the world’s largest shopping mall, and the Dubai Fountain, a spectacular water show. The area is also home to a variety of restaurants, cafes, and bars, making it the perfect place to relax and unwind.

Vera Tower is an ideal choice for those looking for a luxurious lifestyle in the heart of the city. The tower offers a range of apartments, from one-bedroom to four-bedroom units, to suit all budgets and needs. The building is also conveniently located close to all the major attractions, making it the perfect place to call home.

Q&A on Vera Tower

What are the advantages of 'Vera Tower' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Vera Tower is located in the heart of Dubai, providing easy access to the city’s main attractions and amenities.

2. Luxury Living: Vera Tower offers luxurious living with its modern design and high-end finishes.

3. Quality Construction: The building is constructed to the highest standards, ensuring quality and durability.

4. Affordable Prices: Vera Tower offers competitive prices for its apartments, making it an attractive option for real estate buyers.

5. Amenities: The building features a range of amenities, such as a gym, swimming pool, and sauna.

6. Investment Opportunity: Vera Tower is a great investment opportunity, as it is located in a prime area and offers high rental yields.

What projects are better than 'Vera Tower' project in Dubai which are located close by, and why?

- Paramount Tower Hotel & Residences: Offers luxurious living with Hollywood-inspired decor and top-notch amenities, including a sky lobby, private Paramount Pictures screening rooms, and an infinity pool with stunning views of the Burj Khalifa.

- The Atria: Designed by Yoo Studio, founded by Philippe Starck, this development promises a blend of elegant design and high-end finishes. It features a mix of residential and serviced apartments, along with a rooftop infinity pool and a five-star restaurant.

- Millennium Binghatti Residences: Known for its premium materials and attention to detail, this project offers waterfront living with panoramic views of the Dubai Water Canal. The development includes several high-end amenities like a Jacuzzi, health club, and children's play area.

- Executive Towers: A well-established community with multiple towers offering spacious apartments and a comprehensive range of facilities including retail spaces, landscaped gardens, and swimming pools. It has a mature community feel, making it ideal for families.

- Westburry Square: Provides a blend of residential and commercial spaces with excellent views of the Burj Khalifa and Dubai Canal. Apartments come with high-quality finishes and thoughtful layouts, and the development includes a supermarket, swimming pool, and gym.

- Noora Tower at Al Habtoor City: Part of a larger complex that includes luxury hotels, this tower offers access to superb amenities like tennis courts, a clinic, and a helipad. The spacious apartments come with premium finishes, and residents have access to the La Perle by Dragone water theatre.

- SLS Dubai Hotel & Residences: Features an iconic dual-tower design with upscale residences, including duplexes and penthouses. The development offers exclusive amenities such as a sky lounge, celebrity chef restaurants, and a sky infinity pool.

- Volante Tower: This ultra-luxurious, limited-availability residential project offers full-floor residences with stunning views of the Burj Khalifa and Dubai Canal. Each apartment includes smart home automation systems, private terraces, and exclusive access to the Volante Club.

Avoid mere selection on luxury alone; consider each project's proximity to key business centers, retail outlets, dining options, and transport connectivity to make a well-informed decision.

What are the closest schools to 'Vera Tower' project in Dubai?

- Jumeirah English Speaking School (JESS) Jumeirah: Located in Al Safa, approximately 10-15 minutes away by car.
- Dubai International School Al Quoz: Situated in Al Quoz, around 15 minutes by car.
- GEMS Wellington International School: Found on Sheikh Zayed Road, also about 15 minutes away.
- Clarion School: Located in Al Quoz, roughly 15 minutes by car.
- Hartland International School Dubai: Located in Mohammed Bin Rashid City, approximately 15 minutes' drive.
- Dubai International Academy: Located in Emirates Hills, around 20 minutes by car.
- Towards Academy Dubai: Located in Business Bay itself, making it within walking distance.

What are the closest medical clinics to 'Vera Tower' project in Dubai?

1. Medbase Medical Center
- Location: Westburry Office Tower, Business Bay, Dubai

2. Emirates Hospital Clinic
- Location: Bay Square 5, Business Bay, Dubai

3. Aster Clinic
- Location: Sobha Sapphire, Business Bay, Dubai

4. Medicare Medical Centre
- Location: Vision Tower, Business Bay, Dubai

5. HealthCall Clinic
- Location: Westburry Tower 1, Business Bay, Dubai

These clinics are all within a short distance from the Vera Tower project in Business Bay, providing a range of medical services to residents and visitors in the area.