1,460 sqftVezul Residence, Business Bay · completed 2018

905, Vezul Residence

Sold prices and rental history: sold once, by the developer in February 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 905 · DLD and Ejari recordsUpdated 17 October 2024
Last soldAED 1.64M8 February 2023
Current rentAED 120K /yr17 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 905, Vezul Residence

What is 905 worth today?

Last sold for AED 1,636,000 in 2023

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17 Oct 2024RentedRenewal
AED 120,000/yr12 months · AED 82 per sqft
17 Oct 2023RentedNew contract
AED 115,000/yr12 months · AED 79 per sqft
8 Feb 2023Sold by developerReady
AED 1,636,000AED 1,120 per sqft
17 Oct 2022RentedRenewal
AED 104,000/yr12 months · AED 71 per sqft
17 Sep 2021RentedNew contract
AED 104,000/yr13 months · AED 71 per sqft
10 Jul 2020RentedNew contract
AED 89,000/yr13 months · AED 61 per sqft

Source: Dubai Land Department. Updated 17 October 2024.

Key facts

Type
Apartment
Size
1,460 sqft
Parking
B2-43,B2-11
Completed
2018
Service charge
AED 23,900 /yr
Last sold
AED 1.64M · February 2023

About 905, Vezul Residence

905 is an apartment of 1,460 sqft of Vezul Residence, a 14-storey tower in Business Bay completed in 2018. The developer sold it on 8 February 2023 for AED 1,636,000, or AED 1,120 per sqft.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 17 October 2024, is AED 120,000 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 23,900 a year.

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 →

905, Vezul Residence in numbers

  • Sold once: by the developer on 8 February 2023 for AED 1,636,000, or AED 1,120 per sqft.
  • Rented since July 2020 on 5 Ejari contracts, from AED 89,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2023 price is 7.3%, before a service charge of about AED 23,900 a year (AED 16.38 per sqft).

Source: Dubai Land Department. Updated 17 October 2024.

Questions about 905, Vezul Residence

What did unit 905 last sell for?

AED 1,636,000 on 8 February 2023, sold by the developer: AED 1,120 per sqft for 1,460 sqft. It is the only registered sale of the unit.

What is the rent for unit 905?

AED 120,000 a year on the contract renewed on 17 October 2024. The previous contract, from October 2023, was AED 115,000; the unit has been rented since July 2020.

How big is unit 905?

1,460 sqft (135.6 sqm): an apartment of a 14-storey tower completed in 2018.

What is unit 905 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 905, Vezul Residence

Starts from the last sale price (AED 1.64M, 8 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,636,000
Deposit, UAE resident (20%)
AED 327,200
Deposit, non-resident (40%)
AED 654,400
Monthly over 25 years at 3.7%
AED 6,693

Plus AED 73,722 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →