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2-bed · 1,464 sqftVezul Residence, Business Bay · completed 2018

1609, Vezul Residence

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

Unit 1609 · DLD and Ejari recordsUpdated 24 January 2025
Last soldAED 1.56M29 June 2022
Current rentAED 125K /yr24 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1609, Vezul Residence

What is 1609 worth today?

Last sold for AED 1,560,000 in 2022

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24 Jan 2025RentedNew contract
AED 125,000/yr12 months · AED 85 per sqft
24 Jan 2024RentedRenewal
AED 125,000/yr12 months · AED 86 per sqft
29 Jun 2022Sold by developerReady
AED 1,560,000AED 1,065 per sqft
1 Dec 2021RentedNew contract
AED 140,000/yr12 months · AED 96 per sqft
8 Jul 2021RentedNew contract
AED 93,000/yr13 months · AED 64 per sqft
9 Nov 2020RentedNew contract
AED 93,000/yr13 months · AED 64 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 24 January 2025.

Key facts

Type
2-bed apartment
Size
1,464 sqft
Parking
B1-76
Completed
2018
Service charge
AED 24,000 /yr
Last sold
AED 1.56M · June 2022
Building
Vezul Residence

About 1609, Vezul Residence

1609 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 29 June 2022 for AED 1,560,000, or AED 1,065 per sqft.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 24 January 2025, is AED 125,000 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 24,000 a year.

Sales and rents for 1609 over time

Sales
Unit 1609, 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, June 2022: AED 1,560,000 (AED 1,065 per sqft)

1609 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1609, 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, November 2020: AED 93,000 a yearNew contract, July 2021: AED 93,000 a yearNew contract, December 2021: AED 140,000 a yearRenewal, January 2024: AED 125,000 a yearNew contract, January 2025: AED 125,000 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 1609 sits

All 63 2-beds →

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. 1609's AED 125,000 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 →

1609, Vezul Residence in numbers

  • Sold once: by the developer on 29 June 2022 for AED 1,560,000, or AED 1,065 per sqft.
  • Rented since November 2020 on 5 Ejari contracts, from AED 93,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2022 price is 8.0%, 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: YallaValue analysis of Dubai Land Department records. Updated 24 January 2025.

Questions about 1609, Vezul Residence

What did unit 1609 last sell for?

AED 1,560,000 on 29 June 2022, sold by the developer: AED 1,065 per sqft for 1,464 sqft. It is the only registered sale of the unit.

What is the rent for unit 1609?

AED 125,000 a year on the contract signed on 24 January 2025. The previous contract, from January 2024, was AED 125,000; the unit has been rented since November 2020.

How big is unit 1609?

1,464 sqft (136.0 sqm): a two-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 1609 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 1609, Vezul Residence

Starts from the last sale price (AED 1.56M, 29 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,560,000
Deposit, UAE resident (20%)
AED 312,000
Deposit, non-resident (40%)
AED 624,000
Monthly over 25 years at 3.7%
AED 6,382

Plus AED 70,530 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →