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2-bed · 1,430 sqftVezul Residence, Business Bay · completed 2018

401, Vezul Residence

Sold prices and rental history: sold once, by the developer in January 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 10 May 2024
Last soldAED 1.51M4 January 2023
Current rentAED 135K /yr10 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 401, Vezul Residence

What is 401 worth today?

Last sold for AED 1,508,650 in 2023

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10 May 2024RentedNew contract
AED 135,000/yr12 months · AED 94 per sqft
30 Mar 2023RentedNew contract
AED 110,000/yr12 months · AED 77 per sqft
4 Jan 2023Sold by developerReady
AED 1,508,650AED 1,055 per sqft
30 Mar 2022RentedNew contract
AED 109,000/yr12 months · AED 76 per sqft
1 Feb 2021RentedNew contract
AED 79,000/yr12 months · AED 55 per sqft
15 Nov 2019RentedNew contract
AED 93,000/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 10 May 2024.

Key facts

Type
2-bed apartment
Size
1,430 sqft
Parking
B2-22,B1-16
Completed
2018
Service charge
AED 23,400 /yr
Last sold
AED 1.51M · January 2023
Building
Vezul Residence

About 401, Vezul Residence

401 is a two-bedroom apartment of 1,430 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 4 January 2023 for AED 1,508,650, or AED 1,055 per sqft, in line with the AED 1,056 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 10 May 2024, is AED 135,000 a year: a gross yield of 8.9% on the 2023 price, before the service charge of about AED 23,400 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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, January 2023: AED 1,508,650 (AED 1,055 per sqft)

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

Rents
Unit 401, each contractTypical two-bed in Vezul Residence
100K20192021202320252027Typical 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 2019: AED 93,000 a yearNew contract, February 2021: AED 79,000 a yearNew contract, March 2022: AED 109,000 a yearNew contract, March 2023: AED 110,000 a yearNew contract, May 2024: AED 135,000 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 401 sits

All 63 2-beds →

401 last sold in January 2023 at AED 1,055 per sqft, in line with 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. 401's AED 135,000 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 →

401, Vezul Residence in numbers

  • Sold once: by the developer on 4 January 2023 for AED 1,508,650, or AED 1,055 per sqft.
  • Rented since November 2019 on 5 Ejari contracts. The rent fell from AED 93,000 to AED 79,000 in 2021 and recovered to AED 135,000 by May 2024.
  • At AED 135,000 a year the gross yield on the 2023 price is 8.9%, before a service charge of about AED 23,400 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 10 May 2024.

Questions about 401, Vezul Residence

What did unit 401 last sell for?

AED 1,508,650 on 4 January 2023, sold by the developer: AED 1,055 per sqft for 1,430 sqft. It is the only registered sale of the unit.

What is the rent for unit 401?

AED 135,000 a year on the contract signed on 10 May 2024. The previous contract, from March 2023, was AED 110,000; the unit has been rented since November 2019.

How big is unit 401?

1,430 sqft (132.9 sqm): a two-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 401 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 401, Vezul Residence

Starts from the last sale price (AED 1.51M, 4 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,508,650
Deposit, UAE resident (20%)
AED 301,730
Deposit, non-resident (40%)
AED 603,460
Monthly over 25 years at 3.7%
AED 6,172

Plus AED 68,373 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →