1-bed · 910 sqftVezul Residence, Business Bay · completed 2018

1304, Vezul Residence

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1304 · DLD and Ejari recordsUpdated 20 December 2024
Last soldAED 1.47M20 December 2024
Current rentAED 88K /yr15 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1304, Vezul Residence

What is 1304 worth today?

Last sold for AED 1,470,000 in 2024

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20 Dec 2024SoldReady
AED 1,470,000AED 1,616 per sqft
15 May 2024RentedRenewal
AED 87,500/yr12 months · AED 97 per sqft
15 May 2023RentedNew contract
AED 90,000/yr12 months · AED 98 per sqft
15 Feb 2023Sold by developerReady
AED 1,279,032AED 1,406 per sqft
15 Apr 2022RentedRenewal
AED 73,000/yr12 months · AED 80 per sqft
15 Mar 2021RentedNew contract
AED 73,000/yr13 months · AED 80 per sqft

Source: Dubai Land Department. Updated 20 December 2024.

Key facts

Type
1-bed apartment
Size
910 sqft
Parking
B2-100
Completed
2018
Service charge
AED 14,900 /yr
Last sold
AED 1.47M · December 2024

About 1304, Vezul Residence

1304 is a one-bedroom apartment of 910 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. It last sold on 20 December 2024 for AED 1,470,000, or AED 1,616 per sqft, in line with the AED 1,595 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 15 May 2024, is AED 87,500 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 14,900 a year.

Sales and rents for 1304 over time

Sales
Unit 1304, 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, February 2023: AED 1,279,032 (AED 1,406 per sqft)Sold, December 2024: AED 1,470,000 (AED 1,616 per sqft)

1304 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1304, each contractTypical one-bed in Vezul Residence
70K80K90K20192021202320252027Typical 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, March 2021: AED 73,000 a yearRenewal, April 2022: AED 73,000 a yearNew contract, May 2023: AED 90,000 a yearRenewal, May 2024: AED 87,500 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 1304 sits

All 62 1-beds →

1304 last sold in December 2024 at AED 1,616 per sqft, in line with what one-beds in Vezul Residence were fetching at the time (AED 1,595). 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. 1304's AED 87,500 is in the lower half 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 →

1304, Vezul Residence in numbers

  • Sold twice: first on 15 February 2023 for AED 1,279,032, last on 20 December 2024 for AED 1,470,000 (AED 1,616 per sqft).
  • Rented since March 2021 on 4 Ejari contracts, from AED 73,000 to AED 87,500 a year.
  • At AED 87,500 a year the gross yield on the 2024 price is 5.9%, 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 20 December 2024.

Questions about 1304, Vezul Residence

What did unit 1304 last sell for?

AED 1,470,000 on 20 December 2024: AED 1,616 per sqft for 910 sqft. The unit has 2 registered sales; the first was AED 1,279,032 in February 2023.

What is the rent for unit 1304?

AED 87,500 a year on the contract renewed on 15 May 2024. The previous contract, from May 2023, was AED 90,000; the unit has been rented since March 2021.

How big is unit 1304?

910 sqft (84.5 sqm): a one-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 1304 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 1304, Vezul Residence

Starts from the last sale price (AED 1.47M, 20 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,470,000
Deposit, UAE resident (20%)
AED 294,000
Deposit, non-resident (40%)
AED 588,000
Monthly over 25 years at 3.7%
AED 6,014

Plus AED 66,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →