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2-bed · 1,464 sqftVezul Residence, Business Bay · completed 2018

709, 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 709 · DLD and Ejari recordsUpdated 15 April 2025
Last soldAED 1.56M15 December 2022
Current rentAED 140K /yr15 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 709, Vezul Residence

What is 709 worth today?

Last sold for AED 1,558,200 in 2022

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15 Apr 2025RentedRenewal
AED 140,000/yr12 months · AED 96 per sqft
15 Apr 2024RentedNew contract
AED 142,000/yr12 months · AED 97 per sqft
15 Dec 2022Sold by developerReady
AED 1,558,200AED 1,064 per sqft
1 Aug 2022RentedRenewal
AED 89,000/yr12 months · AED 61 per sqft
18 Oct 2020RentedRenewal
AED 86,630/yr3 months · AED 59 per sqft
18 Oct 2019RentedNew contract
AED 85,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 15 April 2025.

Key facts

Type
2-bed apartment
Size
1,464 sqft
Parking
B2-25
Completed
2018
Service charge
AED 24,000 /yr
Last sold
AED 1.56M · December 2022
Building
Vezul Residence

About 709, Vezul Residence

709 is a two-bedroom apartment of 1,464 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 15 December 2022 for AED 1,558,200, or AED 1,064 per sqft, in line with the AED 1,039 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 15 April 2025, is AED 140,000 a year: a gross yield of 9.0% on the 2022 price, before the service charge of about AED 24,000 a year.

Sales and rents for 709 over time

Sales
Unit 709, 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 1,558,200 (AED 1,064 per sqft)

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

Rents
Unit 709, each contractTypical two-bed in Vezul Residence
100K150K20192021202320252027Typical 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 85,000 a yearRenewal, October 2020: AED 86,630 a yearRenewal, August 2022: AED 89,000 a yearNew contract, April 2024: AED 142,000 a yearRenewal, April 2025: AED 140,000 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 709 sits

All 63 2-beds →

709 last sold in December 2022 at AED 1,064 per sqft, in line with what two-beds in Vezul Residence were fetching at the time (AED 1,039). 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. 709's AED 140,000 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 →

709, Vezul Residence in numbers

  • Sold once: by the developer on 15 December 2022 for AED 1,558,200, or AED 1,064 per sqft.
  • Rented since October 2019 on 5 Ejari contracts, from AED 85,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2022 price is 9.0%, before a service charge of about AED 24,000 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 April 2025.

Questions about 709, Vezul Residence

What did unit 709 last sell for?

AED 1,558,200 on 15 December 2022, sold by the developer: AED 1,064 per sqft for 1,464 sqft. It is the only registered sale of the unit.

What is the rent for unit 709?

AED 140,000 a year on the contract renewed on 15 April 2025. The previous contract, from April 2024, was AED 142,000; the unit has been rented since October 2019.

How big is unit 709?

1,464 sqft (136.0 sqm): a two-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 709 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 709, Vezul Residence

Starts from the last sale price (AED 1.56M, 15 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,558,200
Deposit, UAE resident (20%)
AED 311,640
Deposit, non-resident (40%)
AED 623,280
Monthly over 25 years at 3.7%
AED 6,375

Plus AED 70,454 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →