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

1106, Vezul Residence

Sold prices and rental history: sold once, by the developer in September 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1106 · DLD and Ejari recordsUpdated 22 December 2022
Last soldAED 1.42M28 September 2022
Current rentAED 109K /yr22 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1106, Vezul Residence

What is 1106 worth today?

Last sold for AED 1,424,930 in 2022

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22 Dec 2022RentedNew contract
AED 109,000/yr6 months · AED 78 per sqft
28 Sep 2022Sold by developerReady
AED 1,424,930AED 1,026 per sqft
22 Dec 2021RentedNew contract
AED 109,000/yr12 months · AED 79 per sqft
28 Oct 2020RentedNew contract
AED 85,000/yr13 months · AED 61 per sqft

Source: Dubai Land Department. Updated 22 December 2022.

Key facts

Type
2-bed apartment
Size
1,388 sqft
Parking
B2-59
Completed
2018
Service charge
AED 22,700 /yr
Last sold
AED 1.42M · September 2022

About 1106, Vezul Residence

1106 is a two-bedroom apartment of 1,388 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. The developer sold it on 28 September 2022 for AED 1,424,930, or AED 1,026 per sqft, in line with the AED 1,034 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 22 December 2022, is AED 109,000 a year: a gross yield of 7.6% on the 2022 price, before the service charge of about AED 22,700 a year.

Sales and rents for 1106 over time

Sales
Unit 1106, 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, September 2022: AED 1,424,930 (AED 1,026 per sqft)

1106 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1106, each contractTypical two-bed in Vezul Residence
100K125K20192021202320252027Typical 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, October 2020: AED 85,000 a yearNew contract, December 2021: AED 109,000 a yearNew contract, December 2022: AED 109,000 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 1106 sits

All 67 2-beds →

1106 last sold in September 2022 at AED 1,026 per sqft, in line with what two-beds in Vezul Residence were fetching at the time (AED 1,034). 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. 1106's AED 109,000 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 →

1106, Vezul Residence in numbers

  • Sold once: by the developer on 28 September 2022 for AED 1,424,930, or AED 1,026 per sqft.
  • Rented since October 2020 on 3 Ejari contracts, from AED 85,000 to AED 109,000 a year.
  • At AED 109,000 a year the gross yield on the 2022 price is 7.6%, before a service charge of about AED 22,700 a year (AED 16.38 per sqft).
  • Two-beds in Vezul Residence sold for AED 1,950,000–2,100,000 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 22 December 2022.

Questions about 1106, Vezul Residence

What did unit 1106 last sell for?

AED 1,424,930 on 28 September 2022, sold by the developer: AED 1,026 per sqft for 1,388 sqft. It is the only registered sale of the unit.

What is the rent for unit 1106?

AED 109,000 a year on the contract signed on 22 December 2022. The previous contract, from December 2021, was AED 109,000; the unit has been rented since October 2020.

How big is unit 1106?

1,388 sqft (128.9 sqm): a two-bedroom apartment of a 17-storey tower completed in 2018.

What is unit 1106 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 1106, Vezul Residence

Starts from the last sale price (AED 1.42M, 28 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,424,930
Deposit, UAE resident (20%)
AED 284,986
Deposit, non-resident (40%)
AED 569,972
Monthly over 25 years at 3.7%
AED 5,830

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