Vera Residences

in Dubai by Damac

Dubai, Egypt

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in Dubai by Damac

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About Us Vera Residences

Vera Residences Vera Residences is a luxury residential tower developed by DAMAC Properties, loca...

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.