YOUR GUIDE TO SMARTER, HIGHER-EARNING PROPERTY MANAGEMENT
DAMAC Vera Residences, Business Bay
A 30-storey residential tower by DAMAC Properties on Marasi Drive in Business Bay: about 525 studio to two-bedroom apartments fronting the Dubai Water Canal, and what owners should know about running one as a short-term rental. Not to be confused with the nearby DAMAC Reva Residences.
Floors
30
Developer
DAMAC Properties
Unit Types
Studio-2BR
Completed
2022
Units
~525
About Vera Residences
DAMAC Vera Residences is a 30-storey residential tower developed by DAMAC Properties on the Marasi Drive corridor of Business Bay, between Sheikh Zayed Road and Al Khail Road, fronting the Dubai Water Canal. Construction began in 2016, and the tower was completed and handed over in 2022, with handover reported from around May 5, 2022. It holds approximately 525 apartments across studio, one-bedroom, and two-bedroom layouts, with unit sizes reportedly ranging from around 315 sq ft for a studio up to roughly 1,063 sq ft for a two-bedroom home.
DAMAC Vera Residences should not be confused with DAMAC Reva Residences, a separate, similarly named tower elsewhere in Business Bay. DAMAC's own official materials describe Reva and Vera as "two adjacent DAMAC towers in Business Bay" whose handovers both completed "in mid-2022": two real, distinct buildings from the same developer, on the same corridor, completed around the same time, with names that differ by only their middle two letters. The clearest way to tell them apart is the unit mix: Vera Residences includes studio apartments alongside one and two-bedroom units, while Reva Residences offers only one and two-bedroom units, with no studios at all. Readers actually looking for the other tower can find Royale Stays' own guide to DAMAC Reva Residences directly.
Amenities at Vera Residences include a temperature-controlled swimming pool, a fully equipped gymnasium, a residents' clubhouse, a children's play area, landscaped gardens with a dedicated courtyard, an outdoor yoga and meditation area, sauna and steam rooms, and covered parking with 24-hour security.
Location & Nearby Landmarks
Vera Residences sits on the Marasi Drive corridor of Business Bay, between Sheikh Zayed Road and Al Khail Road, fronting the Dubai Water Canal, with general proximity to the Burj Khalifa and Downtown Dubai (DAMAC's own copy describes the location as being "in proximity to the city's energetic Burj neighbourhood"). For a full picture of Airbnb management across the area, see Royale Stays' area guide to Airbnb property management in Business Bay.
Vera Residences joins Royale Stays' wider Business Bay Building Guide cluster, alongside DAMAC Towers by Paramount, DAMAC Maison Prive and DAMAC Maison The Vogue, three more DAMAC-developed towers in the same community.
Unit Types
The approximately 525 units span studio, one-bedroom, and two-bedroom layouts. Reported sizes: studios from around 315 sq ft (29 sqm), one-bedroom units from approximately 470 to 523 sq ft, and two-bedroom units from approximately 890 to 1,063 sq ft. This studio option is the single clearest way to distinguish a Vera Residences unit from a Reva Residences unit, since Reva's own building guide confirms it has no studios at all.
Amenities
Verified across multiple sources: a temperature-controlled swimming pool, a fully equipped gymnasium, a residents' clubhouse, a children's play area, landscaped gardens with a dedicated courtyard, an outdoor yoga and meditation area, sauna and steam rooms, and covered parking with 24-hour security. Owners and prospective renters should confirm current on-site facilities directly with the building's management, since amenity offerings can change over time.
Transportation & Access
Business Bay Metro Station on the Red Line is a short drive from Vera Residences, with Sheikh Zayed Road and Al Khail Road both close by for onward access to DIFC, Downtown Dubai and Dubai International Airport. The Dubai Water Canal promenade is within walking distance, with an RTA water taxi service also running along the canal as an additional option. DAMAC's own press materials describe Vera Residences as adjacent to Reva Residences, so the same immediate-area transportation facts genuinely apply to both towers.
Rental & Price Trends
Royale Stays has not independently confirmed a building-specific rental figure for Vera Residences to its two-source verification standard, so no building-specific number is stated here. Business Bay's average apartment rent reached roughly AED 128,021 a year in 2025, up 18.2 percent year on year, per RERA's Q4 2025 Rental Market Report, giving a sense of the wider market Vera Residences sits within. Owners considering a unit at Vera Residences can run their own numbers through Royale Stays' Dubai property ROI calculator for a unit-specific estimate instead.
Airbnb / Short-Term Rental Income Potential
Short-term letting anywhere in Dubai, including at Vera Residences, runs through a DTCM (Department of Economy and Tourism) holiday home permit, the same licensing requirement that applies regardless of building or area. An owner considering Airbnb at Vera Residences would need to hold that permit before listing a unit, in addition to confirming the building's own short-term letting policy. Royale Stays' guide to the Dubai holiday home permit covers what the process and fees generally involve.
The strongest evidence for Vera Residences as a holiday-home building is already public: independent operators run active listings inside this exact tower, including a listing ranking first on Booking.com for the building's own name and a specific unit-level listing on MakeMyTrip. A live Airbnb listing titled "DAMAC Vera 1BR with Downtown & Burj Khalifa View" further confirms existing short-term-rental activity at this address, a genuinely stronger signal stack than most single-tower guides in this cluster have found. The building is standard freehold residential with no hotel or serviced-apartment component, so the normal DTCM holiday home permit route applies. Business Bay is one of Royale Stays' core management areas: furnishing, photography, pricing, check-in, guest communications and maintenance are handled end to end, from a 15% fee.
Owners ready to see what their Vera Residences unit could do can submit their property for a management review, or read more on what makes a strong Dubai operator in Royale Stays' guide to the best Airbnb management company in Dubai.
Royale Stays does not yet have Vera Residences-specific portfolio data to draw on for this guide; this section reflects the already-visible operator/listing demand at Vera Residences only, reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions