Vera Residencesin Dubai
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Escrow
| Project # | 1786 |
| Account Name | VERA TOWER |
| Developer | DAMAC WORLD REAL ESTATE LLC |
| Registration Date | 31/08/2016 |
| Completion Date | 30/06/2022 |
| Escrow # | 019500000144 |
| Bank Details | MASHREQ BANK PSC |
Payment Plan
| INSTALLMENT | MILESTONE | PAYMENT(%) |
|---|---|---|
| DEPOSIT | On Booking | 14% |
| 1ST INSTALLMENT | Within 30 Days Of Sale Date | 2% |
| 2ND INSTALLMENT | Within 60 Days Of Sale Date | 2% |
| 3RD INSTALLMENT | Within 90 Days Of Sale Date | 2% |
| 4TH INSTALLMENT | Within 120 Days Of Sale Date | 2% |
| 5TH INSTALLMENT | Within 150 Days Of Sale Date | 2% |
| 6TH INSTALLMENT | Within 180 Days Of Sale Date | 2% |
| 7TH INSTALLMENT | Within 210 Days Of Sale Date | 2% |
| 8TH INSTALLMENT | Within 240 Days Of Sale Date | 2% |
| 9TH INSTALLMENT | Within 270 Days Of Sale Date | 2% |
| 10TH INSTALLMENT | Within 300 Days Of Sale Date | 2% |
| 11TH INSTALLMENT | Within 330 Days Of Sale Date | 2% |
| 12TH INSTALLMENT | Within 360 Days Of Sale Date | 2% |
| 13TH INSTALLMENT | Within 390 Days Of Sale Date | 2% |
| 14TH INSTALLMENT | Within 420 Days Of Sale Date | 2% |
| 15TH INSTALLMENT | Within 450 Days Of Sale Date | 2% |
| 16TH INSTALLMENT | Within 480 Days Of Sale Date | 2% |
| 17TH INSTALLMENT | Within 510 Days Of Sale Date | 2% |
| 18TH INSTALLMENT | Within 540 Days Of Sale Date | 2% |
| 19TH INSTALLMENT | Within 570 Days Of Sale Date | 2% |
| 20TH INSTALLMENT | Within 600 Days Of Sale Date | 2% |
| 21ST INSTALLMENT | On Completion | 50% |
Project attributes
About the house
| 🟧 Title Type | Freehold |
| 🟧 Quality Classification | High-end |
| 🟧 Height Classification | High-rise |
| 🟧 Number of floors | B+G+3P+25+R |
| 🟧 Security | 24 Hour Security |
| 🟧 Parking | Covered Parking |
| 🟧 Amenities | Elegant lobby, Landscaped gardens, Steam room, Sauna, Balcony, Central A/C, View of Water, Built in Wardrobes, Jacuzzi, City Views |
| 🟧 Number of buildings | 1 |
| 🟧 Offplan | Yes |
| 🟧 Property Type | Apartment |
| 🟧 Project № | 1786 |
| 🟧 Available Services | Concierge service |
| 🟧 Kid’s Facilities | Kids Play Area |
| 🟧 Sports Facilities | Gym |
| 🟧 Swimming Pool | Temperature controlled swimming pool |
About the units
| 🟧 Number of units | 523 |
| 🟧 Apartment area | 906–1059 sq ft |
| 🟧 Fully furnished | No |
| 🟧 Kitchen | Kitchen Appliances included |
| 🟧 Maid's room | No |
Information about the project
Vera Residences, luxury residential apartments located in Business Bay.
Location
Business Bay, which hosts the tower, is a stunning community with lots of possibilities in business, education and leisure. This is a great place to live, work, travel and invest and magnificent sights of the emirate are nearby. Residents will have a wonderful view of Dubai Creek and the city line from the windows.
What is around the complex?
- Nurseries/Education: Hummingbird Nursery (2 min), Jumeirah International Nursery (4 min), Heart of Dance (3 min), Aufuq Al Ebdaa Training Institute (2 min), Maple Bear Pre School (7 min)
- Shopping: The Dubai Mall (10 min)
- Medical Facilities: Dr. Deena Al Qedrah Medical Center (1 km)
- Café/Restaurants: Pantry Café, Baron Gourmet, Galito's (5 min)
- Others: Al Ghafoor Mosque (3 min)
Architecture
Vera Residences will have 25 floors and stand on a wide podium containing service floors. The input composition will visually divide the construction into two wings with the help of a wide vertical 6-windows-wide flat strip. Balconies and terraces are arranged in prominent rows on both sides. This forms a ribbed pattern. Special cluster glazing gives a recognizable view of the building with the developer’s logo above the roof. Opaque elements on the glass parapets of the balconies and terraces create a specific dynamic weave.
Indoor facilities
The complex will delight guests and residents with a spacious, elegant and modern foyer that contains plenty of space for waiting and socializing. A concierge service will be provided for inhabitants. In the landscaped gardens you can find benches, gazebos and other areas for recreation. Adults will be able to take care of their health in the well-equipped gym with huge windows, plenty of light and air, swim in the pool, relax in the steam room or go to the sauna. Changing rooms for men and women are separate. Play areas, game zones and a temperature-controlled safe pool will await the children.
Transport
- Bus stop: F14, F19A, F19B, X22, F41 (3-5 min).
- Road Access: Marasi Drive, Ras Al Khor Road
- Airport: Dubai International Airport (15 min)
- Others: DC1, DC2 ferries at Alwajeha Al Maeyah Marine Transport Station (3 min)
About the units
The area of the apartments varies from 300 sq ft in the studios to more than 1,000 sq ft in the two-bedroom apartments. The layouts of the projects provide pastel pleasant colors of decoration and modern comfortable, rational furniture. Lighting divides the rooms into functional areas. The creation of storage systems also contributes to the well-organised space organization. The kitchens will be equipped with modern kitchen appliances, and the bathrooms will be fitted with plumbing of world-famous manufacturers. Large windows provide a lot of natural eye-safe light.
The developer
Damac Properties was founded in 2002. The company's projects are located in the Middle East, the UK and the GCC countries.
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