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

505, Vezul Residence

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

Unit 505 · DLD and Ejari recordsUpdated 15 March 2024
Last soldAED 1.48M28 December 2022
Current rentAED 135K /yr15 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Vezul Residence

What is 505 worth today?

Last sold for AED 1,479,072 in 2022

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15 Mar 2024RentedNew contract
AED 135,000/yr12 months · AED 91 per sqft
28 Feb 2023RentedNew contract
AED 115,000/yr12 months · AED 77 per sqft
28 Dec 2022Sold by developerReady
AED 1,479,072AED 993 per sqft
2 Nov 2021RentedRenewal
AED 88,000/yr12 months · AED 59 per sqft
3 Oct 2019RentedNew contract
AED 92,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 15 March 2024.

Key facts

Type
2-bed apartment
Size
1,488 sqft
Parking
B1-100
Completed
2018
Service charge
AED 24,400 /yr
Last sold
AED 1.48M · December 2022
Building
Vezul Residence

About 505, Vezul Residence

505 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 28 December 2022 for AED 1,479,072, or AED 993 per sqft, 6% below the AED 1,056 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 15 March 2024, is AED 135,000 a year: a gross yield of 9.1% on the 2022 price, before the service charge of about AED 24,400 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, December 2022: AED 1,479,072 (AED 993 per sqft)

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

Rents
Unit 505, 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, October 2019: AED 92,000 a yearRenewal, November 2021: AED 88,000 a yearNew contract, February 2023: AED 115,000 a yearNew contract, March 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 505 sits

All 63 2-beds →

505 last sold in December 2022 at AED 993 per sqft, 6% 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. 505'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 →

505, Vezul Residence in numbers

  • Sold once: by the developer on 28 December 2022 for AED 1,479,072, or AED 993 per sqft.
  • Rented since October 2019 on 4 Ejari contracts, from AED 92,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2022 price is 9.1%, 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 15 March 2024.

Questions about 505, Vezul Residence

What did unit 505 last sell for?

AED 1,479,072 on 28 December 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 505?

AED 135,000 a year on the contract signed on 15 March 2024. The previous contract, from February 2023, was AED 115,000; the unit has been rented since October 2019.

How big is unit 505?

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

What is unit 505 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 505, Vezul Residence

Starts from the last sale price (AED 1.48M, 28 December 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 →