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Damac

Vera Residences in Dubai by Damac

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About Vera Residences

Vera Residences

Vera Residences is a luxury residential tower developed by DAMAC Properties, located in Business Bay, Dubai. The tower offers stunning views of the Dubai Water Canal and features modern apartments with state-of-the-art amenities catering to residents' needs.

Location

  • Situated in the heart of Business Bay, providing easy access to key destinations like Downtown Dubai and Burj Khalifa.
  • Well-connected to major road networks, including Sheikh Zayed Road and Al Khail Road, ensuring convenient city-wide travel.

Design & Height

  • The tower consists of 30 floors, designed with modern architecture to offer breathtaking views of the Dubai Water Canal and the city skyline.

Residential Units

Vera Residences offers a variety of luxurious apartments:

  • Studios starting from 315 sq. ft.
  • 1-bedroom apartments starting from 474 sq. ft.
  • 2-bedroom apartments up to 901 sq. ft.

Amenities & Services

  • Temperature-controlled outdoor swimming pool.
  • State-of-the-art gymnasium with modern equipment.
  • Sauna & Steam rooms for relaxation.
  • Children’s play area.
  • Lush landscaped gardens and green spaces.
  • Elegant lobby with a 24-hour reception desk.
  • Covered parking spaces for residents.

Pricing & Payment Plans

  • Prices start from approximately AED 805,000.
  • DAMAC offers flexible payment plans, including:
    • 20% down payment.
    • Monthly installments over 35 months.
    • 40% final payment upon handover.

Investment Benefits

  • A highly attractive investment opportunity, with expected rental yields of up to 10% annually.
  • Over 85% of the units were sold in a short period after launch, reflecting strong demand and a prime location.

Strategic Location Advantages

  • Close to metro stations and public transportation, making it easy to commute across Dubai.
  • Near major shopping centers, restaurants, cafés, and entertainment hubs.

Construction Progress

  • The initial construction tender was awarded in March 2018.
  • Construction work was expected to commence within 30 days of the contract signing.

About Damac

Damac

Damac

Brief Overview of DAMAC Properties


Founding Date and Founder:

DAMAC Properties was founded in 2002 in Dubai, United Arab Emirates, by businessman Hussain Sajwani. The company started as one of the first luxury real estate developers in the Middle East and quickly became a prominent brand in the high-end property sector.


Vision:

DAMAC aims to be “the leading real estate developer delivering world-class luxury residential and commercial projects” by focusing on innovation, quality, and sophisticated design to offer exceptional living and investment experiences.


Major Projects:

DAMAC has developed numerous upscale communities, such as DAMAC Hills, DAMAC Lagoons, and Paramount Tower Hotel & Residences, along with global partnerships with luxury brands like Versace, Cavalli, and Fendi.


Today, DAMAC has a global presence, developing projects in various regions across the UAE, the Middle East, Europe, and Asia, continuing to expand its portfolio in the luxury real estate sector.


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دبي - Dubai - United Arab Emirates
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