Vera Residences is a premium residential complex under construction in Dubai’s central Business Bay district. The 30-storey skyscraper, whose construction began in 2016, is located near the water channel between Sheikh Zayed Rd and Al Khail Rd. The developer of the project was Damac Properties, a well-known developer in the UAE, and the architectural consultant was U+A Architects.
Vera Residences features studios and one and two-bedroom apartments from 29 sq. m (315 sq. ft). The residences of the complex have stylish interiors. There are elegant interiors finished with high quality materials, and panoramic windows overlooking Burj Khalifa skyscraper and Dubai Creek. 1-bedroom apartments here sell for an average of AED 640,000 (USD 174,200).
The Business Bay area has a solid business reputation and creates a comfortable living environment for business people and their families. For investors, buying residences in Vera Residences is a good investment. Residences that are sold off-plan can make a profit from renting them out or from reselling them after the commissioning of the complex. The average rate of return for the area is 5.08%.