2-bed · 1,488 sqftVezul Residence, Business Bay · completed 2018

1105, Vezul Residence

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1105 · DLD and Ejari recordsUpdated 29 March 2024
Last soldAED 1.78M20 November 2023
Current rentAED 120K /yr29 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1105, Vezul Residence

What is 1105 worth today?

Last sold for AED 1,780,000 in 2023

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29 Mar 2024RentedRenewal
AED 119,678/yr12 months · AED 81 per sqft
20 Nov 2023SoldReady
AED 1,780,000AED 1,196 per sqft
20 Mar 2023RentedNew contract
AED 120,000/yr12 months · AED 81 per sqft
17 Oct 2022Sold by developerReady
AED 1,636,800AED 1,099 per sqft
20 Dec 2021RentedNew contract
AED 109,000/yr12 months · AED 73 per sqft
2 Dec 2020RentedNew contract
AED 81,600/yr12 months · AED 55 per sqft
1 Nov 2019RentedNew contract
AED 91,000/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 29 March 2024.

Key facts

Type
2-bed apartment
Size
1,488 sqft
Parking
B2-58
Completed
2018
Service charge
AED 24,400 /yr
Last sold
AED 1.78M · November 2023

About 1105, Vezul Residence

1105 is a two-bedroom apartment of 1,488 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. It last sold on 20 November 2023 for AED 1,780,000, or AED 1,196 per sqft, 10% above the AED 1,087 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 29 March 2024, is AED 119,678 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 24,400 a year.

Sales and rents for 1105 over time

Sales
Unit 1105, each saleTypical two-bed in Vezul Residence
1.5M1.75M2M20222023202420252026Typical sale price by year: 2022 AED 1,485,000; 2023 AED 1,593,945; 2024 AED 1,950,000; 2025 AED 1,950,000Sold by developer, October 2022: AED 1,636,800 (AED 1,099 per sqft)Sold, November 2023: AED 1,780,000 (AED 1,196 per sqft)

1105 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1105, 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 104,000; 2023 AED 115,000; 2024 AED 135,000; 2025 AED 135,000; 2026 AED 127,500New contract, November 2019: AED 91,000 a yearNew contract, December 2020: AED 81,600 a yearNew contract, December 2021: AED 109,000 a yearNew contract, March 2023: AED 120,000 a yearRenewal, March 2024: AED 119,678 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 1105 sits

All 67 2-beds →

1105 last sold in November 2023 at AED 1,196 per sqft, 10% above what two-beds in Vezul Residence were fetching at the time (AED 1,087). Over the last 12 months two-beds sold for AED 1,950,000 to 2,100,000, around AED 1,419 per sqft, and rent for AED 89,250 to 210,000 a year. 1105's AED 119,678 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 May 20262,100,000
13 Nov 20251,950,000
6 Oct 20251,950,000
10 Jul 20251,900,000
2 2-bed sales in the last 12 months

Vezul Residence

Building

14 apartments, 1-bed to 3-bed over 17 floors in Business Bay, completed in 2018. 9 sold in the last 12 months.

Typical price per sqft
AED 1,404
Typical sale
AED 1.48M
Typical rent
AED 100K /yr
Typical yield
6.8%
Vezul Residence, Business Bay: prices, sales and rents →

1105, Vezul Residence in numbers

  • Sold twice: first on 17 October 2022 for AED 1,636,800, last on 20 November 2023 for AED 1,780,000 (AED 1,196 per sqft).
  • Rented since November 2019 on 5 Ejari contracts. The rent fell from AED 91,000 to AED 81,600 in 2020 and recovered to AED 119,678 by March 2024.
  • At AED 119,678 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 24,400 a year (AED 16.38 per sqft).
  • Two-beds in Vezul Residence sold for AED 1,950,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,404 per sqft.

Source: Dubai Land Department. Updated 29 March 2024.

Questions about 1105, Vezul Residence

What did unit 1105 last sell for?

AED 1,780,000 on 20 November 2023: AED 1,196 per sqft for 1,488 sqft. The unit has 2 registered sales; the first was AED 1,636,800 in October 2022.

What is the rent for unit 1105?

AED 119,678 a year on the contract renewed on 29 March 2024. The previous contract, from March 2023, was AED 120,000; the unit has been rented since November 2019.

How big is unit 1105?

1,488 sqft (138.2 sqm): a two-bedroom apartment of a 17-storey tower completed in 2018.

What is unit 1105 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 2,100,000 in the last 12 months, around AED 1,419 per sqft.

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Mortgage on 1105, Vezul Residence

Starts from the last sale price (AED 1.78M, 20 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,780,000
Deposit, UAE resident (20%)
AED 356,000
Deposit, non-resident (40%)
AED 712,000
Monthly over 25 years at 3.7%
AED 7,283

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →