1409, Vezul Residence
Sold prices and rental history: sold once, by the developer in February 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1409, Vezul Residence
What is 1409 worth today?
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Source: Dubai Land Department. Updated 14 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,464 sqft
- Parking
- B2-117,B2-124
- Completed
- 2018
- Service charge
- AED 24,000 /yr
- Last sold
- AED 865K · February 2023
- Building
- Vezul Residence
About 1409, Vezul Residence
1409 is a two-bedroom apartment of 1,464 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 15 February 2023 for AED 865,000, or AED 590 per sqft, 44% below the AED 1,055 two-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 14 March 2024, is AED 146,500 a year: a gross yield of 16.9% on the 2023 price, before the service charge of about AED 24,000 a year.
Sales and rents for 1409 over time
1409 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Vezul Residence, and where 1409 sits
All 63 2-beds →1409 last sold in February 2023 at AED 590 per sqft, 44% below what two-beds in Vezul Residence were fetching at the time (AED 1,055). Over the last 12 months two-beds sold for AED 1,950,000, around AED 1,404 per sqft, and rent for AED 89,250 to 145,000 a year. 1409's AED 146,500 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jul 202510 July 2025 | 1,388 sqft | 1,900,000 | 1,368 | ||
| 6 Dec 20246 December 2024 | 1,360 sqft | 1,950,000 | 1,433 | ||
| 12 Nov 202412 November 2024 | 1,388 sqft | 2,050,000 | 1,476 | ||
| 23 Aug 202423 August 2024 | 1,460 sqft | 2,000,000 | 1,369 |
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%
1409, Vezul Residence in numbers
- Sold once: by the developer on 15 February 2023 for AED 865,000, or AED 590 per sqft.
- Rented since March 2023 on 2 Ejari contracts, from AED 138,000 to AED 146,500 a year.
- At AED 146,500 a year the gross yield on the 2023 price is 16.9%, before a service charge of about AED 24,000 a year (AED 16.38 per sqft).
- Two-beds in Vezul Residence sold for AED 1,950,000–1,950,000 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 14 March 2024.
Questions about 1409, Vezul Residence
What did unit 1409 last sell for?
AED 865,000 on 15 February 2023, sold by the developer: AED 590 per sqft for 1,464 sqft. It is the only registered sale of the unit.
What is the rent for unit 1409?
AED 146,500 a year on the contract renewed on 14 March 2024. The previous contract, from March 2023, was AED 138,000.
How big is unit 1409?
1,464 sqft (136.0 sqm): a two-bedroom apartment of a 14-storey tower completed in 2018.
What is unit 1409 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Vezul Residence sold for AED 1,950,000 to 1,950,000 in the last 12 months, around AED 1,404 per sqft.
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Mortgage on 1409, Vezul Residence
Starts from the last sale price (AED 865K, 15 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 865,000
- Deposit, UAE resident (20%)
- AED 173,000
- Deposit, non-resident (40%)
- AED 346,000
- Monthly over 25 years at 3.7%
- AED 3,539
Plus AED 41,340 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →