1108, Vezul Residence
Sold prices and rental history: sold once, by the developer in February 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1108, Vezul Residence
What is 1108 worth today?
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Source: Dubai Land Department. Updated 8 February 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,822 sqft
- Parking
- B1-53, B1-54
- Completed
- 2018
- Service charge
- AED 29,800 /yr
- Last sold
- AED 2.1M · February 2023
- Building
- Vezul Residence
About 1108, Vezul Residence
1108 is a three-bedroom apartment of 1,822 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. The developer sold it on 8 February 2023 for AED 2,100,000, or AED 1,152 per sqft, in line with the AED 1,139 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 14 December 2022, is AED 135,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 29,800 a year.
Sales and rents for 1108 over time
1108 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Vezul Residence, and where 1108 sits
All 17 3-beds →1108 last sold in February 2023 at AED 1,152 per sqft, in line with what three-beds in Vezul Residence were fetching at the time (AED 1,139). Over the last 12 months three-beds sold for AED 2,400,000, around AED 1,317 per sqft, and rent for AED 165,000 to 180,000 a year. 1108's AED 135,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jun 20263 June 2026 | 1,822 sqft | 2,400,000 | 1,317 | ||
| 9 Sep 20249 September 2024 | 1,822 sqft | 2,850,000 | 1,564 | ||
| 12 Mar 202412 March 2024 | 1,822 sqft | 2,750,000 | 1,509 | ||
| 18 Apr 202318 April 2023 | 1,822 sqft | 2,022,996 | 1,110 |
Vezul Residence
Building14 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%
1108, Vezul Residence in numbers
- Sold once: by the developer on 8 February 2023 for AED 2,100,000, or AED 1,152 per sqft.
- Rented since November 2019 on 4 Ejari contracts. The rent fell from AED 140,000 to AED 119,000 in 2020 and recovered to AED 135,000 by December 2022.
- At AED 135,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 29,800 a year (AED 16.38 per sqft).
- Three-beds in Vezul Residence sold for AED 2,400,000–2,400,000 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 8 February 2023.
Questions about 1108, Vezul Residence
What did unit 1108 last sell for?
AED 2,100,000 on 8 February 2023, sold by the developer: AED 1,152 per sqft for 1,822 sqft. It is the only registered sale of the unit.
What is the rent for unit 1108?
AED 135,000 a year on the contract renewed on 14 December 2022. The previous contract, from December 2021, was AED 135,000; the unit has been rented since November 2019.
How big is unit 1108?
1,822 sqft (169.3 sqm): a three-bedroom apartment of a 17-storey tower completed in 2018.
What is unit 1108 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Vezul Residence sold for AED 2,400,000 to 2,400,000 in the last 12 months, around AED 1,317 per sqft.
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Mortgage on 1108, Vezul Residence
Starts from the last sale price (AED 2.1M, 8 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,100,000
- Deposit, UAE resident (20%)
- AED 420,000
- Deposit, non-resident (40%)
- AED 840,000
- Monthly over 25 years at 3.7%
- AED 8,592
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →