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2-bed · 1,488 sqftVezul Residence, Business Bay · completed 2018

405, Vezul Residence

Sold prices and rental history: sold once, by the developer in October 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 20 May 2025
Last soldAED 1.48M4 October 2022
Current rentAED 125K /yr20 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405, Vezul Residence

What is 405 worth today?

Last sold for AED 1,479,072 in 2022

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20 May 2025RentedNew contract
AED 125,000/yr12 months · AED 84 per sqft
29 Mar 2025RentedNew contract
AED 120,000/yr12 months · AED 81 per sqft
1 May 2024RentedRenewal
AED 115,000/yr12 months · AED 77 per sqft
1 May 2023RentedNew contract
AED 109,000/yr12 months · AED 73 per sqft
4 Oct 2022Sold by developerReady
AED 1,479,072AED 993 per sqft
31 Mar 2022RentedNew contract
AED 109,000/yr12 months · AED 73 per sqft
1 Jan 2022RentedRenewal
AED 86,900/yr3 months · AED 58 per sqft
1 Nov 2020RentedRenewal
AED 92,000/yr2 months · AED 62 per sqft

Source: Dubai Land Department. Updated 20 May 2025.

Key facts

Type
2-bed apartment
Size
1,488 sqft
Parking
B1-117
Completed
2018
Service charge
AED 24,400 /yr
Last sold
AED 1.48M · October 2022
Building
Vezul Residence

About 405, Vezul Residence

405 is a two-bedroom apartment of 1,488 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 4 October 2022 for AED 1,479,072, or AED 993 per sqft, 4% below the AED 1,034 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, signed on 20 May 2025, is AED 125,000 a year: a gross yield of 8.5% on the 2022 price, before the service charge of about AED 24,400 a year.

Sales and rents for 405 over time

Sales
Unit 405, 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, October 2022: AED 1,479,072 (AED 993 per sqft)

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

Rents
Unit 405, 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 2019: AED 92,000 a yearRenewal, November 2020: AED 92,000 a yearRenewal, January 2022: AED 86,900 a yearNew contract, March 2022: AED 109,000 a yearNew contract, May 2023: AED 109,000 a yearRenewal, May 2024: AED 115,000 a yearNew contract, March 2025: AED 120,000 a yearNew contract, May 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 405 sits

All 63 2-beds →

405 last sold in October 2022 at AED 993 per sqft, 4% below what two-beds in Vezul Residence were fetching at the time (AED 1,034). 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. 405'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 →

405, Vezul Residence in numbers

  • Sold once: by the developer on 4 October 2022 for AED 1,479,072, or AED 993 per sqft.
  • Rented since November 2019 on 8 Ejari contracts, from AED 92,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2022 price is 8.5%, before a service charge of about AED 24,400 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 20 May 2025.

Questions about 405, Vezul Residence

What did unit 405 last sell for?

AED 1,479,072 on 4 October 2022, sold by the developer: AED 993 per sqft for 1,488 sqft. It is the only registered sale of the unit.

What is the rent for unit 405?

AED 125,000 a year on the contract signed on 20 May 2025. The previous contract, from March 2025, was AED 120,000; the unit has been rented since November 2019.

How big is unit 405?

1,488 sqft (138.2 sqm): a two-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 405 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 405, Vezul Residence

Starts from the last sale price (AED 1.48M, 4 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,479,072
Deposit, UAE resident (20%)
AED 295,814
Deposit, non-resident (40%)
AED 591,629
Monthly over 25 years at 3.7%
AED 6,051

Plus AED 67,131 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →