Vera Residences located in Business Bay went on sale on November 4 and more than 85 percent of units released were sold on its first day of sales, announced DAMAC Properties. It says the apartments are priced from AED 499,000, and investors snapped up units in the 30-storey tower, with a limited number of units remaining.

Niall McLoughlin, Senior Vice President, DAMAC Properties said: “The overwhelming demand we witnessed for our latest project Vera Residences reaffirms the success of our strategy to provide investors with the right product at the right price. We thank our customers for choosing our value-driven real estate projects which we develop to meet customer demand.  By listening to what our existing and potential customers want and focusing on product innovation we are able to present apartment units across a spectrum of prices based on design, amenities and, most importantly, location.”

“Our customers recognise good value and Vera Residences represents an ideal investment opportunity in one of the most desirable locations in the city, with high rental yields that can potentially reach ten percent per annum. Thanks to our attractive payment plans, owning a home or investment property is now more attainable,” continued McLoughlin.

Click here to read more about Vera Residences.

Vera’s close proximity to the prestigious Downtown Dubai district offer the ability to live in a thriving community with connectivity to the city, by car, water, or metro. The luxury apartments, which boast breathtaking views of Dubai Canal features elegantly appointed interiors and access to world-class amenities in a central Dubai location.

If you would like more information on DAMAC Properties or Vera Residences, visit the DAMAC Properties website.

If you wish to discuss listing prices and off-plan properties, phone or email DAMAC Properties via the contact details below.

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