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2-bed · 1,430 sqftVezul Residence, Business Bay · completed 2018

701, 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 701 · DLD and Ejari recordsUpdated 4 January 2025
Last soldAED 1.58M22 December 2022
Current rentAED 135K /yr4 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, Vezul Residence

What is 701 worth today?

Last sold for AED 1,581,294 in 2022

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4 Jan 2025RentedNew contract
AED 135,000/yr12 months · AED 94 per sqft
4 Jan 2024RentedNew contract
AED 135,000/yr12 months · AED 94 per sqft
2 Sep 2023RentedNew contract
AED 130,000/yr12 months · AED 91 per sqft
22 Dec 2022Sold by developerReady
AED 1,581,294AED 1,105 per sqft
1 Sep 2022RentedNew contract
AED 116,000/yr12 months · AED 81 per sqft
29 Nov 2021RentedRenewal
AED 89,760/yr12 months · AED 63 per sqft
29 Nov 2020RentedNew contract
AED 81,600/yr12 months · AED 57 per sqft
7 Aug 2019RentedNew contract
AED 92,000/yr12 months · AED 64 per sqft

Source: Dubai Land Department. Updated 4 January 2025.

Key facts

Type
2-bed apartment
Size
1,430 sqft
Parking
B1-80
Completed
2018
Service charge
AED 23,400 /yr
Last sold
AED 1.58M · December 2022
Building
Vezul Residence

About 701, Vezul Residence

701 is a two-bedroom apartment of 1,430 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 22 December 2022 for AED 1,581,294, or AED 1,105 per sqft, 5% above the AED 1,057 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 4 January 2025, is AED 135,000 a year: a gross yield of 8.5% on the 2022 price, before the service charge of about AED 23,400 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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 1,581,294 (AED 1,105 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Vezul Residence
75K100K125K20192021202320252027Typical 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, August 2019: AED 92,000 a yearNew contract, November 2020: AED 81,600 a yearRenewal, November 2021: AED 89,760 a yearNew contract, September 2022: AED 116,000 a yearNew contract, September 2023: AED 130,000 a yearNew contract, January 2024: AED 135,000 a yearNew contract, January 2025: 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 701 sits

All 63 2-beds →

701 last sold in December 2022 at AED 1,105 per sqft, 5% above what two-beds in Vezul Residence were fetching at the time (AED 1,057). 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. 701'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 →

701, Vezul Residence in numbers

  • Sold once: by the developer on 22 December 2022 for AED 1,581,294, or AED 1,105 per sqft.
  • Rented since August 2019 on 7 Ejari contracts. The rent fell from AED 92,000 to AED 81,600 in 2020 and recovered to AED 135,000 by January 2025.
  • At AED 135,000 a year the gross yield on the 2022 price is 8.5%, before a service charge of about AED 23,400 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 4 January 2025.

Questions about 701, Vezul Residence

What did unit 701 last sell for?

AED 1,581,294 on 22 December 2022, sold by the developer: AED 1,105 per sqft for 1,430 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 135,000 a year on the contract signed on 4 January 2025. The previous contract, from January 2024, was AED 135,000; the unit has been rented since August 2019.

How big is unit 701?

1,430 sqft (132.9 sqm): a two-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 701 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 701, Vezul Residence

Starts from the last sale price (AED 1.58M, 22 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,581,294
Deposit, UAE resident (20%)
AED 316,259
Deposit, non-resident (40%)
AED 632,518
Monthly over 25 years at 3.7%
AED 6,470

Plus AED 71,425 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →