1408, Vezul Residence
Sold prices and rental history: sold once, by the developer in February 2023, and rented once, from January 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Vezul Residence
What is 1408 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 8 February 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,822 sqft
- Parking
- B1-39, B1-40
- Completed
- 2018
- Service charge
- AED 29,800 /yr
- Last sold
- AED 2.25M · February 2023
- Building
- Vezul Residence
About 1408, Vezul Residence
1408 is a three-bedroom apartment of 1,822 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 8 February 2023 for AED 2,246,000, or AED 1,232 per sqft, 8% above the AED 1,136 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 10 January 2022. The current contract, signed on 10 January 2022, is AED 190,000 a year: a gross yield of 8.5% on the 2023 price, before the service charge of about AED 29,800 a year.
Sales and rents for 1408 over time
1408 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Vezul Residence, and where 1408 sits
All 16 3-beds →1408 last sold in February 2023 at AED 1,232 per sqft, 8% above what three-beds in Vezul Residence were fetching at the time (AED 1,136).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Sep 20249 September 2024 | 1,822 sqft | 2,850,000 | 1,564 | ||
| 12 Mar 202412 March 2024 | 1,822 sqft | 2,750,000 | 1,509 | ||
| 18 Apr 202318 April 2023 | 1,822 sqft | 2,022,996 | 1,110 | ||
| 12 Apr 202312 April 2023 | 1,822 sqft | 2,043,000 | 1,121 |
Vezul Residence
Building7 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%
1408, Vezul Residence in numbers
- Sold once: by the developer on 8 February 2023 for AED 2,246,000, or AED 1,232 per sqft.
- Rented since January 2022 on one Ejari contract, at AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2023 price is 8.5%, before a service charge of about AED 29,800 a year (AED 16.38 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 8 February 2023.
Questions about 1408, Vezul Residence
What did unit 1408 last sell for?
AED 2,246,000 on 8 February 2023, sold by the developer: AED 1,232 per sqft for 1,822 sqft. It is the only registered sale of the unit.
What is the rent for unit 1408?
AED 190,000 a year on the contract signed on 10 January 2022.
How big is unit 1408?
1,822 sqft (169.3 sqm): a three-bedroom apartment of a 14-storey tower completed in 2018.
What is unit 1408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1408, Vezul Residence
Starts from the last sale price (AED 2.25M, 8 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,246,000
- Deposit, UAE resident (20%)
- AED 449,200
- Deposit, non-resident (40%)
- AED 898,400
- Monthly over 25 years at 3.7%
- AED 9,189
Plus AED 99,342 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →