408, Vezul Residence
Sold prices and rental history: sold once, by the developer in April 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Vezul Residence
What is 408 worth today?
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Source: Dubai Land Department. Updated 18 April 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,822 sqft
- Parking
- B1-104,B1-105,B2-94,B2-98
- Completed
- 2018
- Service charge
- AED 29,800 /yr
- Last sold
- AED 2.02M · April 2023
- Building
- Vezul Residence
About 408, Vezul Residence
408 is a three-bedroom apartment of 1,822 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 18 April 2023 for AED 2,022,996, or AED 1,110 per sqft, in line with the AED 1,144 three-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 14 August 2021, is AED 130,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 29,800 a year.
Sales and rents for 408 over time
408 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Vezul Residence, and where 408 sits
All 16 3-beds →408 last sold in April 2023 at AED 1,110 per sqft, in line with what three-beds in Vezul Residence were fetching at the time (AED 1,144).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Sep 20249 September 2024 | 1,822 sqft | 2,850,000 | 1,564 | ||
| 12 Mar 202412 March 2024 | 1,822 sqft | 2,750,000 | 1,509 | ||
| 12 Apr 202312 April 2023 | 1,822 sqft | 2,043,000 | 1,121 | ||
| 22 Mar 202322 March 2023 | 1,822 sqft | 2,260,000 | 1,240 |
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%
408, Vezul Residence in numbers
- Sold once: by the developer on 18 April 2023 for AED 2,022,996, or AED 1,110 per sqft.
- Rented since November 2019 on 2 Ejari contracts, from AED 125,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 29,800 a year (AED 16.38 per sqft).
Source: Dubai Land Department. Updated 18 April 2023.
Questions about 408, Vezul Residence
What did unit 408 last sell for?
AED 2,022,996 on 18 April 2023, sold by the developer: AED 1,110 per sqft for 1,822 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 130,000 a year on the contract signed on 14 August 2021. The previous contract, from November 2019, was AED 125,000.
How big is unit 408?
1,822 sqft (169.3 sqm): a three-bedroom apartment of a 14-storey tower completed in 2018.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 408, Vezul Residence
Starts from the last sale price (AED 2.02M, 18 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,022,996
- Deposit, UAE resident (20%)
- AED 404,599
- Deposit, non-resident (40%)
- AED 809,198
- Monthly over 25 years at 3.7%
- AED 8,277
Plus AED 89,976 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →