DAMAC Vera Residences
- AVA001026DAMAC Vera Residences, Marasi Drive, Business Bay, Dubai, United Arab Emirates
DAMAC Vera Residences
- AVA001026DAMAC Vera Residences, Marasi Drive, Business Bay, Dubai, United Arab Emirates
Vera Residences rises 30 storeys in the heart of Business Bay, one of Dubai's most dynamic mixed-use districts along the Dubai Canal. Developed and delivered by DAMAC Properties, the tower offers a mix of furnished studios and spacious one and two-bedroom apartments designed for both end-users and investors. Homes feature classy interiors, a fully fitted kitchen, spacious bathrooms and built-in comforts, with many units overlooking the Dubai Canal or facing Downtown and park views. Residents enjoy a range of life-enhancing amenities including an elegant lobby with 24-hour reception and concierge desk, a temperature-controlled swimming pool, a kids' pool and wet play area, a state-of-the-art gymnasium with separate changing rooms, steam rooms and sauna, an outdoor gym, a kids' club and play area, landscaped gardens, an outdoor courtyard, a yoga and meditation area and covered parking. Business Bay places residents roughly nine minutes from Downtown Dubai, the Burj Khalifa, The Dubai Mall and the Dubai Fountain, with Sheikh Zayed Road and Al Khail Road providing fast connections across the emirate. The project is completed and ready, with units currently offered at promotional pricing.
Property Details
- Micro-market
- Business Bay / Dubai
- Configuration
- Apartment
- Property Type
- Apartment
- Built-up Area
- 474 sq ft
- Status
- Completed
Project Timeline
Key milestones for this project, updated as the developer confirms them.
Project announcement
Booking Started
Construction Started
Completion
Available Properties
Project variants for under-construction developments - unit types, sizes, starting prices and possession dates.
Inventory Type
| Variant | Size | Starting Price | Possession | CTA |
|---|---|---|---|---|
| 1 BHK | - | ₹2.11 Cr | Completed | |
| 2 BHK | - | ₹3.43 Cr | Completed |
Amenities
Indoor
- Elegant lobby with 24-hour reception and concierge desk
- State-of-the-art gymnasium with separate changing rooms
- Steam rooms and sauna
Outdoor
- Temperature-controlled swimming pool
- Kids' pool and wet play area
- Outdoor gym
- Kids' club and play area
- Landscaped gardens
- Outdoor courtyard
- Yoga and meditation area
Parking
- Covered parking
Other
- Fully fitted kitchen
- Furnished apartments
- Dubai Canal and city views
Property Information
- Community: Business Bay
- Project Name: DAMAC Vera Residences
- Listing Price: Starting from ₹2.11 Cr
- List Date: Aug 26, 2026
- Listing ID: AVA001026
- Status: Completed
- Security: 24/7 security
Legal Information
Indicative legal & tax information based on available documents; verify with your lawyer before transacting.
- RERA Applicable
- Yes
- Occupancy Certificate
- No
- Authority
- Dubai Land Department (RERA)
- Fire NOC
- No
Can you own this, and how?
Ownership rights depend on three things: the type of asset, where it sits, and who you are as a buyer. Here is the framework for this property, before you speak to a lawyer.
I am buying as:
- Status
- Permitted, freehold anywhere in Dubai
- What you actually hold
- You hold freehold title registered with the Dubai Land Department. There is no area restriction on where you may own.
- Key rules and restrictions
- GCC nationals are treated on the same footing as UAE nationals for ownership purposes.
- A company owned wholly by GCC nationals gets the same treatment.
- Some master communities impose their own transfer conditions through the developer.
- Funds and process
- Pay through UAE banking channels. The transfer completes at a Dubai Land Department trustee office where the title deed is issued on the day.
- Taxes
- The Dubai Land Department transfer fee is 4% of the price, split 2% each in law but paid in full by the buyer in most deals, plus a trustee office fee and a title deed issuance fee. There is no annual property tax and no capital gains tax in the UAE.
- Verify before you buy
- Get a title deed copy and check it against the Dubai REST app.
- Ask for the developer no-objection certificate confirming service charges are clear.
Buyer orientation, not legal advice. Ownership rules change and turn on specifics. Confirm with a qualified lawyer in the UAE before you commit.
Investment Information
- Type: Completed DAMAC Business Bay tower; furnished apartments at promotional prices
- Property Tax Jurisdiction: UAE - 0% property tax on residential
About the developer
DAMAC Properties is a Dubai-headquartered residential developer founded in 2002 by Hussain Sajwani, and one of the largest private developers in the UAE. It builds master communities and towers in Dubai and internationally, and is known for fashion-branded residences developed with houses such as Versace and Cavalli. The company was previously listed on the Dubai Financial Market and is now privately held by the Sajwani family.
Location
DAMAC Vera Residences, Marasi Drive, Business Bay, Dubai, United Arab Emirates
- Airport: DXB International Airport - 15 km
- Metro: Business Bay Metro Station - 3 km
- Highway: Sheikh Zayed Road
- Hospital: Aster Clinic - 3 km
- Shopping: Bay Avenue Retail District - 3 km
Around this home
The home plus curated, verified places nearby — each with its own guide.
Ownership economics
Will this home pay for itself?
1Buy
What you pay to own it.
2Earn
What it brings in as a holiday rental.
3Grow
What it could be worth.
Social Infrastructure
Key education, healthcare, and dining amenities near this property.