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1-bed · 909 sqftVezul Residence, Business Bay · completed 2018

1104, Vezul Residence

Sold prices and rental history: sold once, by the developer in November 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1104 · DLD and Ejari recordsUpdated 10 June 2024
Last soldAED 997K18 November 2021
Current rentAED 100K /yr10 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1104, Vezul Residence

What is 1104 worth today?

Last sold for AED 997,000 in 2021

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10 Jun 2024RentedNew contract
AED 100,000/yr12 months · AED 111 per sqft
13 Apr 2023RentedNew contract
AED 100,000/yr12 months · AED 111 per sqft
10 Jan 2023RentedRenewal
AED 90,000/yr12 months · AED 100 per sqft
10 Jan 2022RentedNew contract
AED 90,000/yr12 months · AED 100 per sqft
18 Nov 2021Sold by developerReady
AED 997,000AED 1,097 per sqft
15 Dec 2020RentedNew contract
AED 84,000/yr12 months · AED 92 per sqft
2 Oct 2019RentedNew contract
AED 70,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 10 June 2024.

Key facts

Type
1-bed apartment
Size
909 sqft
Parking
B2-57
Completed
2018
Service charge
AED 14,900 /yr
Last sold
AED 997K · November 2021
Building
Vezul Residence

About 1104, Vezul Residence

1104 is a one-bedroom apartment of 909 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 18 November 2021 for AED 997,000, or AED 1,097 per sqft, in line with the AED 1,083 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 10 June 2024, is AED 100,000 a year: a gross yield of 10.0% on the 2021 price, before the service charge of about AED 14,900 a year.

Sales and rents for 1104 over time

Sales
Unit 1104, each saleTypical one-bed in Vezul Residence
1M1.25M1.5M202120232025Typical sale price by year: 2021 AED 950,000; 2022 AED 1,127,525; 2023 AED 1,155,000; 2024 AED 1,412,500; 2025 AED 1,435,000Sold by developer, November 2021: AED 997,000 (AED 1,097 per sqft)

1104 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1104, each contractTypical one-bed in Vezul Residence
80K100K20192021202320252027Typical rent by year: 2019 AED 69,700; 2020 AED 73,000; 2021 AED 69,000; 2022 AED 75,300; 2023 AED 85,000; 2024 AED 89,000; 2025 AED 90,000; 2026 AED 91,000New contract, October 2019: AED 70,000 a yearNew contract, December 2020: AED 84,000 a yearNew contract, January 2022: AED 90,000 a yearRenewal, January 2023: AED 90,000 a yearNew contract, April 2023: AED 100,000 a yearNew contract, June 2024: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Vezul Residence, and where 1104 sits

All 62 1-beds →

1104 last sold in November 2021 at AED 1,097 per sqft, in line with what one-beds in Vezul Residence were fetching at the time (AED 1,083). Over the last 12 months one-beds sold for AED 1,550,000, around AED 1,230 per sqft, and rent for AED 80,000 to 100,000 a year. 1104's AED 100,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Feb 20261,550,000
15 May 20251,500,000
7 Apr 20251,500,000
19 Feb 20251,320,000
1 1-bed sale in the last 12 months

Vezul Residence

Building

7 apartments, 1-bed to 3-bed over 14 floors in Business Bay, completed in 2018. 2 sold in the last 12 months.

Typical price per sqft
AED 1,317
Typical sale
AED 1.75M
Typical rent
AED 98K /yr
Typical yield
7.7%
Vezul Residence, Business Bay: prices, sales and rents →

1104, Vezul Residence in numbers

  • Sold once: by the developer on 18 November 2021 for AED 997,000, or AED 1,097 per sqft.
  • Rented since October 2019 on 6 Ejari contracts, from AED 70,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 10.0%, before a service charge of about AED 14,900 a year (AED 16.38 per sqft).
  • One-beds in Vezul Residence sold for AED 1,550,000–1,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,317 per sqft.

Source: Dubai Land Department. Updated 10 June 2024.

Questions about 1104, Vezul Residence

What did unit 1104 last sell for?

AED 997,000 on 18 November 2021, sold by the developer: AED 1,097 per sqft for 909 sqft. It is the only registered sale of the unit.

What is the rent for unit 1104?

AED 100,000 a year on the contract signed on 10 June 2024. The previous contract, from April 2023, was AED 100,000; the unit has been rented since October 2019.

How big is unit 1104?

909 sqft (84.4 sqm): a one-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 1104 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Vezul Residence sold for AED 1,550,000 to 1,550,000 in the last 12 months, around AED 1,230 per sqft.

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Mortgage on 1104, Vezul Residence

Starts from the last sale price (AED 997K, 18 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 997,000
Deposit, UAE resident (20%)
AED 199,400
Deposit, non-resident (40%)
AED 398,800
Monthly over 25 years at 3.7%
AED 4,079

Plus AED 46,884 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →