Project Summary

Project Name:

Vera Residences


Location

Business Bay


Developer

Damac


Handover Date:

Q4 2020


Type:

Apartment


Bedroom(s):

2 Bedrooms


Average Area:

898 SQFT


Average Price:

1296000


Price/Sqft:

1443.21 AED


Payment Plan

During Construction

55%

On Handover

45%

Post Handover

0%

Damac

Vera Residences

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About the Project

Věra Residences by Damac is deliberately situated in Business Bay, neglecting the Dubai Canal, in closeness to the lofty Downtown Dubai region – which is associated with the remainder of the city by an unpredictable transportation system of metro, cable cars and transports, notwithstanding area and water taxis, with simple access to and from the Sheik Zayed Road and Al Khail Road. The perfectly styled anteroom and refined vibe of Věra deftly put things in place for the experience that anticipates you. Get back home to sumptuous lofts with elegantly named insides, fitted kitchens, open restrooms and that's only the tip of the iceberg.

The Věra Residences A 30-story tower offers a scope of life-improving comforts:

  • Rich entryway with 24-hour gathering and an attendant work area
  • Finished nurseries
  • Temperature-controlled pool
  • Best in class recreation centre with independent changing spaces for people
  • Steam rooms and sauna
  • Children club
  • Secured stopping
  • Completely fitted kitchen

About Location

Business Bay is a central business district located besides Downtown Dubai, United Arab Emirates. The project features numerous skyscrapers located in an area where Dubai Creek has been dredged and extended. Business Bay will have upwards of 240 buildings, comprising commercial and residential developments.The entire development covers an area of 46,900,000 sq ft (4,360,000 m2), and the gross leasable area is 78,500,000 sq ft (7,290,000 m2). The projected population of the entire development is more than 191,000, and the estimated population of employers and others is 110,000, making the total population more than 300,000. In Dubai Business Bay is known to be a mixed-use neighbourhood with residential and commercial areas and is home to several high-end hotels including the former tallest hotel in the world JW Marriott Marquis. Business Bay is also closely located to the upcoming design destination, Dubai Design District and one of Dubai’s oldest hotspots, Jumeirah. Popular off-plan communities to invest in Business Bay include Reva Residences by Damac, Binghatti Star by Binghatti Developers and Vera Residences by Damac.

About the Developer

Damac properties are the brand name in the real estate market in the Middle East since 2002. Damac properties have delivered more than 18500 customers and have a portfolio of more than 40000 units at various stages of progress and the number increases daily. The developer has the only objective to service excellence and it prides itself on this. The company consists of a highly experienced management team of senior managers and directors who all have significant experience in the real estate industry. The company prides itself as they have delivered two master developments in Dubai, nearly 100 million sq.ft between them. Damac properties had awarded more than 370 contracts worth AED 3.5 billion in January 2017. There 370 contracts include consultancy services, supplier and construction services across its portfolio of developments. Some of the key projects by Damac properties includes Artesia, Aurum Villas, Akoya City Tower B, Carson and Damac Heights.

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