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2-bed · 1,388 sqftVezul Residence, Business Bay · completed 2018

806, Vezul Residence

Sold prices and rental history: sold once, by the developer in March 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 806 · DLD and Ejari recordsUpdated 14 June 2024
Last soldAED 1.47M1 March 2023
Current rentAED 150K /yr14 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 806, Vezul Residence

What is 806 worth today?

Last sold for AED 1,470,000 in 2023

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14 Jun 2024RentedNew contract
AED 150,000/yr12 months · AED 108 per sqft
14 May 2023RentedRenewal
AED 112,000/yr12 months · AED 81 per sqft
1 Mar 2023Sold by developerReady
AED 1,470,000AED 1,058 per sqft
14 Apr 2021RentedNew contract
AED 89,000/yr13 months · AED 64 per sqft

Source: Dubai Land Department. Updated 14 June 2024.

Key facts

Type
2-bed apartment
Size
1,388 sqft
Parking
B1-83
Completed
2018
Service charge
AED 22,700 /yr
Last sold
AED 1.47M · March 2023
Building
Vezul Residence

About 806, Vezul Residence

806 is a two-bedroom apartment of 1,388 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 1 March 2023 for AED 1,470,000, or AED 1,058 per sqft, in line with the AED 1,056 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 14 June 2024, is AED 150,000 a year: a gross yield of 10.2% on the 2023 price, before the service charge of about AED 22,700 a year.

Sales and rents for 806 over time

Sales
Unit 806, 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, March 2023: AED 1,470,000 (AED 1,058 per sqft)

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

Rents
Unit 806, 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, April 2021: AED 89,000 a yearRenewal, May 2023: AED 112,000 a yearNew contract, June 2024: AED 150,000 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 806 sits

All 63 2-beds →

806 last sold in March 2023 at AED 1,058 per sqft, in line with 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. 806's AED 150,000 is at the top 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 →

806, Vezul Residence in numbers

  • Sold once: by the developer on 1 March 2023 for AED 1,470,000, or AED 1,058 per sqft.
  • Rented since April 2021 on 3 Ejari contracts, from AED 89,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2023 price is 10.2%, before a service charge of about AED 22,700 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 14 June 2024.

Questions about 806, Vezul Residence

What did unit 806 last sell for?

AED 1,470,000 on 1 March 2023, sold by the developer: AED 1,058 per sqft for 1,388 sqft. It is the only registered sale of the unit.

What is the rent for unit 806?

AED 150,000 a year on the contract signed on 14 June 2024. The previous contract, from May 2023, was AED 112,000; the unit has been rented since April 2021.

How big is unit 806?

1,388 sqft (128.9 sqm): a two-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 806 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 806, Vezul Residence

Starts from the last sale price (AED 1.47M, 1 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,470,000
Deposit, UAE resident (20%)
AED 294,000
Deposit, non-resident (40%)
AED 588,000
Monthly over 25 years at 3.7%
AED 6,014

Plus AED 66,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →