1602, Vezul Residence
Sold prices and rental history: sold twice, last in May 2024, and rented once, from December 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Vezul Residence
What is 1602 worth today?
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Source: Dubai Land Department. Updated 6 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 902 sqft
- Parking
- B1-42
- Completed
- 2018
- Service charge
- AED 14,800 /yr
- Last sold
- AED 1.49M · May 2024
- Building
- Vezul Residence
About 1602, Vezul Residence
1602 is a one-bedroom apartment of 902 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. It last sold on 6 May 2024 for AED 1,490,000, or AED 1,652 per sqft, 11% above the AED 1,487 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 22 December 2019. The current contract, signed on 22 December 2019, is AED 83,000 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 14,800 a year.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the one-bed median of each year in the building.
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 1602 sits
All 62 1-beds →1602 last sold in May 2024 at AED 1,652 per sqft, 11% above what one-beds in Vezul Residence were fetching at the time (AED 1,487). 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. 1602's AED 83,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 1,260 sqft | 1,550,000 | 1,230 | ||
| 15 May 202515 May 2025 | 840 sqft | 1,500,000 | 1,785 | ||
| 7 Apr 20257 April 2025 | 902 sqft | 1,500,000 | 1,663 | ||
| 19 Feb 202519 February 2025 | 778 sqft | 1,320,000 | 1,696 |
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%
1602, Vezul Residence in numbers
- Sold twice: first on 6 September 2021 for AED 977,000, last on 6 May 2024 for AED 1,490,000 (AED 1,652 per sqft).
- Rented since December 2019 on one Ejari contract, at AED 83,000 a year.
- At AED 83,000 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 14,800 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 6 May 2024.
Questions about 1602, Vezul Residence
What did unit 1602 last sell for?
AED 1,490,000 on 6 May 2024: AED 1,652 per sqft for 902 sqft. The unit has 2 registered sales; the first was AED 977,000 in September 2021.
What is the rent for unit 1602?
AED 83,000 a year on the contract signed on 22 December 2019.
How big is unit 1602?
902 sqft (83.8 sqm): a one-bedroom apartment of a 14-storey tower completed in 2018.
What is unit 1602 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 1602, Vezul Residence
Starts from the last sale price (AED 1.49M, 6 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,490,000
- Deposit, UAE resident (20%)
- AED 298,000
- Deposit, non-resident (40%)
- AED 596,000
- Monthly over 25 years at 3.7%
- AED 6,096
Plus AED 67,590 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →