406, 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.
Property timeline for 406, Vezul Residence
What is 406 worth today?
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Source: Dubai Land Department. Updated 28 December 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,388 sqft
- Parking
- B1-116
- Completed
- 2018
- Service charge
- AED 22,700 /yr
- Last sold
- AED 1.37M · December 2022
- Building
- Vezul Residence
About 406, Vezul Residence
406 is a two-bedroom apartment of 1,388 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 28 December 2022 for AED 1,370,000, or AED 986 per sqft, 7% below 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, renewed on 8 March 2022, is AED 93,500 a year: a gross yield of 6.8% on the 2022 price, before the service charge of about AED 22,700 a year.
Sales and rents for 406 over time
406 has sold once; the dashed line is the two-bed median of each year in the building.
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 406 sits
All 63 2-beds →406 last sold in December 2022 at AED 986 per sqft, 7% below 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. 406's AED 93,500 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jul 202510 July 2025 | 1,388 sqft | 1,900,000 | 1,368 | ||
| 6 Dec 20246 December 2024 | 1,360 sqft | 1,950,000 | 1,433 | ||
| 12 Nov 202412 November 2024 | 1,388 sqft | 2,050,000 | 1,476 | ||
| 23 Aug 202423 August 2024 | 1,460 sqft | 2,000,000 | 1,369 |
Vezul Residence
Building7 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%
406, Vezul Residence in numbers
- Sold once: by the developer on 28 December 2022 for AED 1,370,000, or AED 986 per sqft.
- Rented since February 2021 on 2 Ejari contracts, from AED 85,000 to AED 93,500 a year.
- At AED 93,500 a year the gross yield on the 2022 price is 6.8%, before a service charge of about AED 22,700 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 406, Vezul Residence
What did unit 406 last sell for?
AED 1,370,000 on 28 December 2022, sold by the developer: AED 986 per sqft for 1,388 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 93,500 a year on the contract renewed on 8 March 2022. The previous contract, from February 2021, was AED 85,000.
How big is unit 406?
1,388 sqft (128.9 sqm): a two-bedroom apartment of a 14-storey tower completed in 2018.
What is unit 406 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 406, Vezul Residence
Starts from the last sale price (AED 1.37M, 28 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,370,000
- Deposit, UAE resident (20%)
- AED 274,000
- Deposit, non-resident (40%)
- AED 548,000
- Monthly over 25 years at 3.7%
- AED 5,605
Plus AED 62,550 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →