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

1709, Vezul Residence

Sold prices and rental history: sold once, by the developer in March 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1709 · DLD and Ejari recordsUpdated 15 March 2023
Last soldAED 1.71M15 March 2023
Current rentAED 95K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1709, Vezul Residence

What is 1709 worth today?

Last sold for AED 1,711,080 in 2023

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15 Mar 2023Sold by developerReady
AED 1,711,080AED 1,169 per sqft
15 Jan 2023RentedRenewal
AED 95,025/yr12 months · AED 65 per sqft
28 Jan 2022RentedNew contract
AED 93,777/yr12 months · AED 64 per sqft
15 Jan 2021RentedRenewal
AED 90,500/yr12 months · AED 62 per sqft
15 Jan 2020RentedNew contract
AED 103,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 15 March 2023.

Key facts

Type
2-bed apartment
Size
1,464 sqft
Parking
B1-71,B2-74
Completed
2018
Service charge
AED 24,000 /yr
Last sold
AED 1.71M · March 2023
Building
Vezul Residence

About 1709, Vezul Residence

1709 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 15 March 2023 for AED 1,711,080, or AED 1,169 per sqft, 11% above the AED 1,057 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 15 January 2023, is AED 95,025 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 24,000 a year.

Sales and rents for 1709 over time

Sales
Unit 1709, 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, March 2023: AED 1,711,080 (AED 1,169 per sqft)

1709 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1709, 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, January 2020: AED 103,000 a yearRenewal, January 2021: AED 90,500 a yearNew contract, January 2022: AED 93,777 a yearRenewal, January 2023: AED 95,025 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 1709 sits

All 63 2-beds →

1709 last sold in March 2023 at AED 1,169 per sqft, 11% above what two-beds in Vezul Residence were fetching at the time (AED 1,057). 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. 1709's AED 95,025 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 →

1709, Vezul Residence in numbers

  • Sold once: by the developer on 15 March 2023 for AED 1,711,080, or AED 1,169 per sqft.
  • Rented since January 2020 on 4 Ejari contracts, from AED 103,000 to AED 95,025 a year.
  • At AED 95,025 a year the gross yield on the 2023 price is 5.5%, 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: Dubai Land Department. Updated 15 March 2023.

Questions about 1709, Vezul Residence

What did unit 1709 last sell for?

AED 1,711,080 on 15 March 2023, sold by the developer: AED 1,169 per sqft for 1,464 sqft. It is the only registered sale of the unit.

What is the rent for unit 1709?

AED 95,025 a year on the contract renewed on 15 January 2023. The previous contract, from January 2022, was AED 93,777; the unit has been rented since January 2020.

How big is unit 1709?

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

What is unit 1709 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 1709, Vezul Residence

Starts from the last sale price (AED 1.71M, 15 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,711,080
Deposit, UAE resident (20%)
AED 342,216
Deposit, non-resident (40%)
AED 684,432
Monthly over 25 years at 3.7%
AED 7,001

Plus AED 76,875 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →