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2-bed · 1,399 sqftVezul Residence, Business Bay · completed 2018

1706, Vezul Residence

Sold prices and rental history: sold once, by the developer in December 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1706 · DLD and Ejari recordsUpdated 28 December 2022
Last soldAED 1.64M28 December 2022
Current rentAED 108K /yr12 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1706, Vezul Residence

What is 1706 worth today?

Last sold for AED 1,644,975 in 2022

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28 Dec 2022Sold by developerReady
AED 1,644,975AED 1,175 per sqft
12 Nov 2022RentedNew contract
AED 108,000/yr12 months · AED 78 per sqft
12 Oct 2021RentedNew contract
AED 108,000/yr13 months · AED 77 per sqft

Source: Dubai Land Department. Updated 28 December 2022.

Key facts

Type
2-bed apartment
Size
1,399 sqft
Parking
B1-68
Completed
2018
Service charge
AED 22,900 /yr
Last sold
AED 1.64M · December 2022
Building
Vezul Residence

About 1706, Vezul Residence

1706 is a two-bedroom apartment of 1,399 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 28 December 2022 for AED 1,644,975, or AED 1,175 per sqft, 11% above the AED 1,056 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 12 November 2022, is AED 108,000 a year: a gross yield of 6.6% on the 2022 price, before the service charge of about AED 22,900 a year.

Sales and rents for 1706 over time

Sales
Unit 1706, 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, December 2022: AED 1,644,975 (AED 1,175 per sqft)

1706 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1706, 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, October 2021: AED 108,000 a yearNew contract, November 2022: AED 108,000 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 1706 sits

All 63 2-beds →

1706 last sold in December 2022 at AED 1,175 per sqft, 11% above what two-beds in Vezul Residence were fetching at the time (AED 1,056). 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. 1706's AED 108,000 is in the lower 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 →

1706, Vezul Residence in numbers

  • Sold once: by the developer on 28 December 2022 for AED 1,644,975, or AED 1,175 per sqft.
  • Rented since October 2021 on 2 Ejari contracts, at AED 108,000 a year.
  • At AED 108,000 a year the gross yield on the 2022 price is 6.6%, before a service charge of about AED 22,900 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 28 December 2022.

Questions about 1706, Vezul Residence

What did unit 1706 last sell for?

AED 1,644,975 on 28 December 2022, sold by the developer: AED 1,175 per sqft for 1,399 sqft. It is the only registered sale of the unit.

What is the rent for unit 1706?

AED 108,000 a year on the contract signed on 12 November 2022. The previous contract, from October 2021, was AED 108,000.

How big is unit 1706?

1,399 sqft (130.0 sqm): a two-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 1706 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 1706, Vezul Residence

Starts from the last sale price (AED 1.64M, 28 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,644,975
Deposit, UAE resident (20%)
AED 328,995
Deposit, non-resident (40%)
AED 657,990
Monthly over 25 years at 3.7%
AED 6,730

Plus AED 74,099 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →