603, Vezul Residence
Sold prices and rental history: sold once, by the developer in May 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 603, Vezul Residence
What is 603 worth today?
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Source: Dubai Land Department. Updated 13 July 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 840 sqft
- Parking
- B1-18
- Completed
- 2018
- Service charge
- AED 13,800 /yr
- Last sold
- AED 1.12M · May 2023
- Building
- Vezul Residence
About 603, Vezul Residence
603 is a one-bedroom apartment of 840 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 31 May 2023 for AED 1,120,350, or AED 1,333 per sqft, in line with the AED 1,333 one-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 13 July 2023, is AED 75,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 13,800 a year.
Sales and rents for 603 over time
603 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Vezul Residence, and where 603 sits
All 62 1-beds →603 last sold in May 2023 at AED 1,333 per sqft, in line with what one-beds in Vezul Residence were fetching at the time (AED 1,333). Over the last 12 months one-beds sold for AED 1,550,000, around AED 1,230 per sqft, and rent for AED 80,000 to 100,000 a year. 603's AED 75,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 1,260 sqft | 1,550,000 | 1,230 | ||
| 15 May 202515 May 2025 | 840 sqft | 1,500,000 | 1,785 | ||
| 7 Apr 20257 April 2025 | 902 sqft | 1,500,000 | 1,663 | ||
| 19 Feb 202519 February 2025 | 778 sqft | 1,320,000 | 1,696 |
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%
603, Vezul Residence in numbers
- Sold once: by the developer on 31 May 2023 for AED 1,120,350, or AED 1,333 per sqft.
- Rented since September 2019 on 3 Ejari contracts, from AED 78,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 13,800 a year (AED 16.38 per sqft).
- One-beds in Vezul Residence sold for AED 1,550,000–1,550,000 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 13 July 2023.
Questions about 603, Vezul Residence
What did unit 603 last sell for?
AED 1,120,350 on 31 May 2023, sold by the developer: AED 1,333 per sqft for 840 sqft. It is the only registered sale of the unit.
What is the rent for unit 603?
AED 75,000 a year on the contract signed on 13 July 2023. The previous contract, from July 2022, was AED 68,250; the unit has been rented since September 2019.
How big is unit 603?
840 sqft (78.0 sqm): a one-bedroom apartment of a 14-storey tower completed in 2018.
What is unit 603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Vezul Residence sold for AED 1,550,000 to 1,550,000 in the last 12 months, around AED 1,230 per sqft.
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Mortgage on 603, Vezul Residence
Starts from the last sale price (AED 1.12M, 31 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,120,350
- Deposit, UAE resident (20%)
- AED 224,070
- Deposit, non-resident (40%)
- AED 448,140
- Monthly over 25 years at 3.7%
- AED 4,584
Plus AED 52,065 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →