Compliance & specs
DLD-verifiableSemi-furnishedFully equipped kitchen with appliances. Living, dining, and bedrooms are bare.
About
Project General Facts
Vera Residences boasts a stunning design aesthetic, featuring an elegant tower that embodies the essence of refined living, with studios and one and two-bedroom apartments that exemplify sophistication and poise. These residences offer ample space, with beautifully styled lobbies, tastefully appointed interiors, and spacious bathrooms, providing the perfect backdrop for creating lasting memories and a life of comfort. The apartments present an exceptional living experience, with luxurious amenities and facilities, including a state-of-the-art gymnasium, temperature-controlled swimming pool, and landscaped gardens.
Vera Residences features an array of amenities, including an elegant lobby with twenty-four-hour reception and concierge desk, a holistic wellness area with separate steam rooms and sauna for men and women, and a kids' club, which provide a serene atmosphere for relaxation and entertainment. The emphasis on luxury living creates a unique and desirable living environment, with an abundance of space for creating cherished memories. The residential tower also offers covered parking, adding to the convenience and comfort of its residents.
The interior finishing of Vera Residences showcases modern finishing with high-quality materials, complemented by a timeless design that incorporates fresh, warm tones, and calm, relaxed atmospheres, which create a sense of serenity and tranquility. The kitchens are masterpieces of design, with an emphasis on functionality and elegance, featuring fully fitted kitchens with premium equipment, and the bathrooms are spacious and luxurious, perfect for unwinding and rejuvenating.
Location description and benefits
Business Bay is a vibrant area, strategically located to offer a unique blend of luxury and convenience, with easy access to the rest of the city by an intricate transportation network of metro, trams, buses, and land and water taxis, as well as major roads such as the Sheikh Zayed Road and Al Khail Road. The area is home to a range of upscale amenities, including the world's largest mall, which offers a wide range of international restaurants, cafes, and high-end fashion boutiques. The proximity to the prestigious Downtown Dubai district, with its stunning architecture and luxurious lifestyle, adds to the allure of Business Bay.
The location of Business Bay offers a range of benefits, including stunning views of the Dubai Canal, a picturesque waterway that runs through the heart of the city, and access to a range of outdoor recreational activities, such as walking and cycling along the canal's scenic pathways. The area is also home to a range of entertainment and leisure options, including charming food trucks, international restaurants, and cafes, which offer a diverse range of cuisines and dining experiences. The vibrant atmosphere of Business Bay is further enhanced by its stunning modern architecture, which includes some of the city's most iconic landmarks.
The unique blend of luxury, convenience, and entertainment in Business Bay makes it an ideal location for those seeking a lively and upscale lifestyle, with every amenity just around the corner, from landscaped plazas and comfortable working spaces to world-class entertainment and retail choices. The area is also well-connected to the rest of the city, with easy access to major roads, public transportation, and other amenities, making it an ideal choice for both residents and visitors. The stunning scenery and picturesque views of the Dubai Canal add to the area's charm, making it a truly unique and desirable destination.
Floor plans
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.
| # | When | Step | % | Amount (AED) | Amount (USD) | Cumulative (USD) |
|---|---|---|---|---|---|---|
| 1 | Upon booking | Reservation | 100% | 1,000,000 | 272,300 | 272,300 |
| Total | 100% | AED 1,000,000 | USD 272,300 | |||
Cash-flow shape: 100% during the construction period (100% upon booking).
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Amenities
7 features
Location
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
Business Bay is Dubai's central commercial and residential district, strategically positioned along Sheikh Zayed Road and Al Khail Road. The area offers convenient access to key Dubai destinations: approximately 9 minutes by car to Dubai Mall, 20 minutes to Burj Al Arab, 21 minutes to Palm Jumeirah, and 32 minutes to Dubai International Airport. Well-established infrastructure includes improved parallel roads with enhanced connectivity completed in 2018.
Explore Business BayAbout DAMAC

Damac Properties LLC, established in 1982, is a tier-1 UAE developer specializing in luxury residential communities and branded residences across Dubai's prime locations including Business Bay, Damac Hills, and Safa Park. The developer maintains a portfolio of 62 projects in our catalogue, with notable developments including Chic Tower, Damac Islands, and properties under the Autograph Collection brand.
Building details

Studio, 1 & 2 bedroom apartments
Parking allocation
| Unit type | Bedrooms | Spaces |
|---|---|---|
| Apartment | 2 | 1 |
| Apartment | 1 | 1 |
| Apartment | 0 | 1 |
Marketing brochure
Frequently asked questions
About Vera Residences
What is the payment plan for Vera Residences?
Vera Residences is offered with the Payment Plan. The full instalment schedule, what is due at booking, during construction, and at handover, is published on this page. A post-handover payment option is available.
When does Vera Residences hand over?
Vera Residences is already delivered. Completed units trade as ready property rather than off-plan, so availability depends on current developer and resale stock.
Where is Vera Residences located?
Vera Residences is located in Business Bay, Dubai. The location section on this page has the map and nearby points of interest.
Who is the developer behind Vera Residences?
Vera Residences is developed by DAMAC. The developer's track record and full project list are on our DAMAC page.
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.
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Price
Price on request
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