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.
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