1508, Vezul Residence
Sold prices and rental history: sold twice, last in March 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Vezul Residence
What is 1508 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 12 March 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,822 sqft
- Parking
- B1-66, B1-67
- Completed
- 2018
- Service charge
- AED 29,800 /yr
- Last sold
- AED 2.75M · March 2024
- Building
- Vezul Residence
About 1508, Vezul Residence
1508 is a three-bedroom apartment of 1,822 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. It last sold on 12 March 2024 for AED 2,750,000, or AED 1,509 per sqft, 28% above the AED 1,178 three-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 1 August 2022, is AED 135,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 29,800 a year.
Sales and rents for 1508 over time
1508 has sold twice; 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 1508 sits
All 16 3-beds →1508 last sold in March 2024 at AED 1,509 per sqft, 28% above what three-beds in Vezul Residence were fetching at the time (AED 1,178).
| 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 | ||
| 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 | ||
| 15 Mar 202315 March 2023 | 1,822 sqft | 2,146,305 | 1,178 |
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%
1508, Vezul Residence in numbers
- Sold twice: first on 22 March 2023 for AED 2,260,000, last on 12 March 2024 for AED 2,750,000 (AED 1,509 per sqft).
- Rented since December 2020 on 3 Ejari contracts, at AED 135,000 a year.
- At AED 135,000 a year the gross yield on the 2024 price is 4.9%, 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 12 March 2024.
Questions about 1508, Vezul Residence
What did unit 1508 last sell for?
AED 2,750,000 on 12 March 2024: AED 1,509 per sqft for 1,822 sqft. The unit has 2 registered sales; the first was AED 2,260,000 in March 2023.
What is the rent for unit 1508?
AED 135,000 a year on the contract renewed on 1 August 2022. The previous contract, from July 2021, was AED 135,000; the unit has been rented since December 2020.
How big is unit 1508?
1,822 sqft (169.3 sqm): a three-bedroom apartment of a 14-storey tower completed in 2018.
What is unit 1508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 1508? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1508, Vezul Residence
Starts from the last sale price (AED 2.75M, 12 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,750,000
- Deposit, UAE resident (20%)
- AED 550,000
- Deposit, non-resident (40%)
- AED 1,100,000
- Monthly over 25 years at 3.7%
- AED 11,251
Plus AED 120,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →