UAE’s real estate developer Damac Properties has launched luxury apartments in Dubai’s Business Bay, Invest-Gate reports.

Offering breathtaking views of Dubai Canal, Vera Residences will go on sale on November 4 at Jumeirah Emirates Towers Hotel.

Units’ prices start at AED 499,000, with a payment plan that includes an initial deposit of 20% plus Dubai Land Department’s (DLD) registration fees, followed by monthly payments for a 35-month duration, and 40% due upon completion, according to a statement.

Investors will also enjoy a high-yield investment, with the potential to earn up to 10% per annum in rental yields.

The 30-story serviced apartment tower is complemented by amenities including children’s play area, barbecue area, temperature-controlled swimming pool, state-of-the-art gymnasium, jogging track, steam rooms and sauna, landscaped gardens, as well as covered parking. The tower will also include a shopping boulevard.