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Project

Vera Residencesout of stock

Business Bay·DAMAC

Price (AED)

On requestOn request

Bedrooms

Handover

Delivered

Size (sqft)

0

Inventory

0 units · 1 building

Construction

completed

Readiness

100.00%

Compliance & specs

DLD escrow #

10346530920005

Service charge

20 AED/sqft

Furnishing

Semi-furnishedFully equipped kitchen with appliances. Living, dining, and bedrooms are bare.

Post-handover plan

Available

About

Project general facts

Finishing and materials

Kitchen and appliances

Location description and benefits

Floor plans

Payment plans

100%
Booking
  1. 1.

    On booking

    100%
CASADIOR

Calculate your payments

Pick a unit type or enter a custom price. We'll spread it across the plan's phases in AED + your selected currency, with plain-English timing labels. Download as a spreadsheet for your records.

AED
Include fees:
#WhenStep%Amount (AED)Amount (USD)Cumulative (USD)
1Upon bookingReservation100%1,000,000272,300272,300
Total100%AED 1,000,000USD 272,300

Cash-flow shape: 100% during the construction period (100% upon booking).

Considering paying upfront?

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Amenities

7 features

Location

Business Bay

25.18706, 55.28305

Nearby

  • City School Holdings International0.6 km
  • Downtown Dubai1 km
  • Burj Park2 km
  • Jumeirah Public Beach6.7 km
  • Chinatown Dubai Mall1.2 km
  • Dubai International Airport16.1 km

About Business Bay

Working-professional + investor mix; central Dubai location A look at the original masterplan published by the developer at the time of the launch of Business Bay.

Explore Business Bay

About DAMAC

DAMAC

DAMAC Properties is part of DAMAC Group that has been shaping the Middle East's luxury real estate market since 1982, delivering iconic residential, commercial and leisure properties across the region and beyond. Since the early days of DAMAC Properties, the organisation has continually received recognition and accolades for its contribution to the real estate development sector. Having now received over 100 global awards and commendations, for everything from high-rise architecture and interior design to excellence in hospitality and international golf course communities, DAMAC only goes from strength to strength. DAMAC Properties has grown to become one of the world’s foremost luxury developers, with projects spanning the GCC, Levant, Middle East, United States and United Kingdom.

Building details

Tower

Studio, 1 & 2 bedroom apartments

Parking allocation

Unit typeBedroomsSpaces
Apartment21
Apartment11
Apartment01

Marketing brochure

Download brochure (PDF)

Why Dubai off-plan

The macro case for buying off-plan in Dubai

These six pillars apply to every project on this site — not just this one. If you're new to the UAE market, they're the context you need before evaluating the specific unit above.

0% interest, ever

Off-plan payment plans are interest-free, end to end. Every instalment is at face value — no APR, no compounding, no balloon hidden in the back. Buyers from interest-bearing markets routinely underestimate how much this saves over a 3–5 year hold.

No income or capital-gains tax on property

Dubai charges no annual property tax, no income tax on rental yield, and no capital-gains tax on resale. The DLD 4% transfer fee is a one-time cost at registration — after that, your returns are yours.

20% usually opens the unit

Most off-plan plans book with a ~20% reservation deposit. You're under contract with the developer immediately, with the rest spread across construction milestones. The deposit is what unlocks the buy-side, not the full unit price.

Post-handover plans extend the runway

Many projects offer 2–4 years of post-handover instalments — meaning a chunk of the price gets paid AFTER you take keys. Once the unit is rented, that income can help cover the post-handover payments — rarely the full instalment, but enough to make the cash-flow comfortable rather than tight.

Golden Visa from AED 2M

A property purchase of AED 2M+ qualifies the buyer (and family) for the UAE Golden Visa — a 10-year renewable residency. The visa is the headline benefit; for many international buyers it's the actual reason to buy in Dubai.

Freehold ownership for foreigners

Across the 80+ freehold zones (Dubai Marina, Downtown, Palm Jumeirah, Business Bay, JVC, Dubai Hills, and the rest), foreigners own 100% of the asset and the land. There's no Emirati partner requirement, no lease structure — title deed in your name.

Price

Price on request

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