1-bed · 901 sqftVezul Residence, Business Bay · completed 2018

902, Vezul Residence

Sold prices and rental history: sold once, by the developer in September 2021, and rented once, from June 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 6 September 2021
Last soldAED 960K6 September 2021
Current rentAED 69K /yr13 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 902, Vezul Residence

What is 902 worth today?

Last sold for AED 960,000 in 2021

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6 Sep 2021Sold by developerReady
AED 960,000AED 1,065 per sqft
13 Jun 2020RentedNew contract
AED 69,000/yr13 months · AED 77 per sqft

Source: Dubai Land Department. Updated 6 September 2021.

Key facts

Type
1-bed apartment
Size
901 sqft
Parking
B2-46
Completed
2018
Service charge
AED 14,800 /yr
Last sold
AED 960K · September 2021

About 902, Vezul Residence

902 is a one-bedroom apartment of 901 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 6 September 2021 for AED 960,000, or AED 1,065 per sqft, in line with the AED 1,083 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 13 June 2020. The current contract, signed on 13 June 2020, is AED 69,000 a year: a gross yield of 7.2% on the 2021 price, before the service charge of about AED 14,800 a year.

Sales and rents for 902 over time

Sales
Unit 902, each saleTypical one-bed in Vezul Residence
1M1.25M1.5M202120232025Typical sale price by year: 2021 AED 950,000; 2022 AED 1,127,525; 2023 AED 1,155,000; 2024 AED 1,412,500; 2025 AED 1,435,000Sold by developer, September 2021: AED 960,000 (AED 1,065 per sqft)

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

Rents
Unit 902, each contractTypical one-bed in Vezul Residence
70K80K90K20192021202320252027Typical rent by year: 2019 AED 69,700; 2020 AED 73,000; 2021 AED 69,000; 2022 AED 75,300; 2023 AED 85,000; 2024 AED 89,000; 2025 AED 90,000; 2026 AED 91,000New contract, June 2020: AED 69,000 a year

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 902 sits

All 62 1-beds →

902 last sold in September 2021 at AED 1,065 per sqft, in line with what one-beds in Vezul Residence were fetching at the time (AED 1,083). 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. 902's AED 69,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Feb 20261,550,000
15 May 20251,500,000
7 Apr 20251,500,000
19 Feb 20251,320,000
1 1-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 →

902, Vezul Residence in numbers

  • Sold once: by the developer on 6 September 2021 for AED 960,000, or AED 1,065 per sqft.
  • Rented since June 2020 on one Ejari contract, at AED 69,000 a year.
  • At AED 69,000 a year the gross yield on the 2021 price is 7.2%, before a service charge of about AED 14,800 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 6 September 2021.

Questions about 902, Vezul Residence

What did unit 902 last sell for?

AED 960,000 on 6 September 2021, sold by the developer: AED 1,065 per sqft for 901 sqft. It is the only registered sale of the unit.

What is the rent for unit 902?

AED 69,000 a year on the contract signed on 13 June 2020.

How big is unit 902?

901 sqft (83.7 sqm): a one-bedroom apartment of a 14-storey tower completed in 2018.

What is unit 902 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 902, Vezul Residence

Starts from the last sale price (AED 960K, 6 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 960,000
Deposit, UAE resident (20%)
AED 192,000
Deposit, non-resident (40%)
AED 384,000
Monthly over 25 years at 3.7%
AED 3,928

Plus AED 45,330 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →