1603, Vezul Residence
Sold prices and rental history: sold once, by the developer in July 2021, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Vezul Residence
What is 1603 worth today?
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Source: Dubai Land Department. Updated 8 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 840 sqft
- Parking
- B1-74
- Completed
- 2018
- Service charge
- AED 13,800 /yr
- Last sold
- AED 950K · July 2021
- Building
- Vezul Residence
About 1603, Vezul Residence
1603 is a one-bedroom apartment of 840 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 14 July 2021 for AED 950,000, or AED 1,130 per sqft, 6% above the AED 1,069 one-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 8 February 2024, is AED 90,000 a year: a gross yield of 9.5% on the 2021 price, before the service charge of about AED 13,800 a year.
Sales and rents for 1603 over time
1603 has sold once; 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 1603 sits
All 62 1-beds →1603 last sold in July 2021 at AED 1,130 per sqft, 6% above what one-beds in Vezul Residence were fetching at the time (AED 1,069). 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. 1603's AED 90,000 is in the upper 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%
1603, Vezul Residence in numbers
- Sold once: by the developer on 14 July 2021 for AED 950,000, or AED 1,130 per sqft.
- Rented since June 2020 on 2 Ejari contracts, from AED 73,000 to AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2021 price is 9.5%, before a service charge of about AED 13,800 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 8 February 2024.
Questions about 1603, Vezul Residence
What did unit 1603 last sell for?
AED 950,000 on 14 July 2021, sold by the developer: AED 1,130 per sqft for 840 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 90,000 a year on the contract signed on 8 February 2024. The previous contract, from June 2020, was AED 73,000.
How big is unit 1603?
840 sqft (78.0 sqm): a one-bedroom apartment of a 14-storey tower completed in 2018.
What is unit 1603 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 1603, Vezul Residence
Starts from the last sale price (AED 950K, 14 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 950,000
- Deposit, UAE resident (20%)
- AED 190,000
- Deposit, non-resident (40%)
- AED 380,000
- Monthly over 25 years at 3.7%
- AED 3,887
Plus AED 44,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →