Gallery
Imagery courtesy of DAMAC Properties.
The project
About Vera Residences
Vera Residences is a DAMAC residential tower in Business Bay, standing beside its twin, Reva Residences, with studio, one- and two-bedroom homes.
Launch-era figures quoted by listing sites range widely, so present-day value is best judged from recent resale transactions rather than original pricing.
DAMAC handed over Vera alongside Reva around mid-2022, and the building is now a ready, lived-in address.
At a glance
Vera Residences key facts
- Developer
- DAMAC Properties
- Community
- Business Bay
- Status
- Handover soon
- Handover
- Completed (2022)
- Starting price
- On request
- Unit types
- Studio, 1 Bedroom, 2 Bedroom
- Ownership
- Freehold — open to all nationalities
Process
How to buy at Vera Residences
- 01
Agree the price
Agree terms with the seller of a unit at Vera Residences, supported by recent Dubai Land Department transactions.
- 02
Form F (MOU)
Buyer and seller sign the RERA Form F memorandum of understanding and a 10% security cheque is lodged.
- 03
Developer NOC
DAMAC Properties issues a No Objection Certificate once any outstanding service charges or instalments are settled.
- 04
Transfer
Transfer takes place at a Dubai Land Department trustee office; the 4% DLD fee is paid and the new title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Twin-tower pairing with Reva Residences
- Ready-to-move homes
- Central Business Bay setting
What to weigh
- Original launch prices vary sharply across sources
- Mostly compact studio and one-bedroom layouts
- Availability now limited to resale
FAQ
Vera Residences — frequently asked questions
What is the starting price of Vera Residences?
Pricing for Vera Residences has not been publicly published. Contact MRK Real Estate for the current price list.
When is the handover of Vera Residences?
Vera Residences is scheduled for handover in Completed (2022). Off-plan timelines can move, so confirm the current schedule before committing.
Who is the developer of Vera Residences?
Vera Residences is developed by DAMAC Properties in Business Bay, Dubai.
What unit types are available at Vera Residences?
Vera Residences offers Studio, 1 Bedroom, 2 Bedroom.
Where is Vera Residences located?
Vera Residences is in Business Bay, Dubai.
Can foreigners buy at Vera Residences?
Yes. Business Bay is a freehold area, so buyers of any nationality can own property at Vera Residences outright.
How do I buy or sell at Vera Residences?
MRK Real Estate advises on primary purchases and resales at Vera Residences. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with DAMAC Properties before any transaction.
