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2-bed · 1,430 sqftVezul Residence, Business Bay · completed 2018

1601, Vezul Residence

Sold prices and rental history: sold once, by the developer in July 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 15 November 2025
Last soldAED 1.6M19 July 2022
Current rentAED 140K /yr15 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1601, Vezul Residence

What is 1601 worth today?

Last sold for AED 1,595,650 in 2022

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15 Nov 2025RentedNew contract
AED 140,000/yr12 months · AED 98 per sqft
1 Sep 2024RentedNew contract
AED 140,000/yr12 months · AED 98 per sqft
5 Feb 2023RentedNew contract
AED 120,000/yr12 months · AED 84 per sqft
1 Aug 2022RentedNew contract
AED 120,000/yr6 months · AED 84 per sqft
19 Jul 2022Sold by developerReady
AED 1,595,650AED 1,116 per sqft
15 Jun 2022RentedRenewal
AED 119,753/yr2 months · AED 84 per sqft
15 Mar 2022RentedNew contract
AED 90,300/yr3 months · AED 63 per sqft
15 Mar 2022RentedRenewal · flagged as an outlier
AED 18,060/yr15 months · AED 13 per sqft

Source: Dubai Land Department. Updated 15 November 2025.

Key facts

Type
2-bed apartment
Size
1,430 sqft
Parking
B1-31
Completed
2018
Service charge
AED 23,400 /yr
Last sold
AED 1.6M · July 2022
Building
Vezul Residence

About 1601, Vezul Residence

1601 is a two-bedroom apartment of 1,430 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 19 July 2022 for AED 1,595,650, or AED 1,116 per sqft, 3% above the AED 1,081 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 10 Ejari contracts. The current contract, signed on 15 November 2025, is AED 140,000 a year: a gross yield of 8.8% on the 2022 price, before the service charge of about AED 23,400 a year.

Sales and rents for 1601 over time

Sales
Unit 1601, each saleTypical two-bed in Vezul Residence
1.5M1.75M2M2022202320242025Typical sale price by year: 2022 AED 1,485,000; 2023 AED 1,565,000; 2024 AED 1,950,000Sold by developer, July 2022: AED 1,595,650 (AED 1,116 per sqft)

1601 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1601, each contractTypical two-bed in Vezul Residence
100K125K20192021202320252027Typical rent by year: 2019 AED 92,000; 2020 AED 89,000; 2021 AED 89,636; 2022 AED 108,000; 2023 AED 114,725; 2024 AED 135,000; 2025 AED 135,000; 2026 AED 130,000New contract, March 2020: AED 120,000 a yearNew contract, December 2020: AED 86,000 a yearRenewal, December 2021: AED 90,300 a yearNew contract, March 2022: AED 90,300 a yearRenewal, June 2022: AED 119,753 a yearNew contract, August 2022: AED 120,000 a yearNew contract, February 2023: AED 120,000 a yearNew contract, September 2024: AED 140,000 a yearNew contract, November 2025: AED 140,000 a year

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 1601 sits

All 63 2-beds →

1601 last sold in July 2022 at AED 1,116 per sqft, 3% above what two-beds in Vezul Residence were fetching at the time (AED 1,081). 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. 1601's AED 140,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Jul 20251,900,000
6 Dec 20241,950,000
12 Nov 20242,050,000
23 Aug 20242,000,000
1 2-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 →

1601, Vezul Residence in numbers

  • Sold once: by the developer on 19 July 2022 for AED 1,595,650, or AED 1,116 per sqft.
  • Rented since March 2020 on 10 Ejari contracts. The rent fell from AED 120,000 to AED 18,060 in 2022 and recovered to AED 140,000 by November 2025.
  • At AED 140,000 a year the gross yield on the 2022 price is 8.8%, before a service charge of about AED 23,400 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 15 November 2025.

Questions about 1601, Vezul Residence

What did unit 1601 last sell for?

AED 1,595,650 on 19 July 2022, sold by the developer: AED 1,116 per sqft for 1,430 sqft. It is the only registered sale of the unit.

What is the rent for unit 1601?

AED 140,000 a year on the contract signed on 15 November 2025. The previous contract, from September 2024, was AED 140,000; the unit has been rented since March 2020.

How big is unit 1601?

1,430 sqft (132.9 sqm): a two-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 1601 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 1601, Vezul Residence

Starts from the last sale price (AED 1.6M, 19 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,595,650
Deposit, UAE resident (20%)
AED 319,130
Deposit, non-resident (40%)
AED 638,260
Monthly over 25 years at 3.7%
AED 6,528

Plus AED 72,027 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →