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3-bed · 1,822 sqftVezul Residence, Business Bay · completed 2018

1208, Vezul Residence

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

Unit 1208 · DLD and Ejari recordsUpdated 15 April 2026
Last soldAED 2.15M22 December 2022
Current rentAED 175K /yr15 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1208, Vezul Residence

What is 1208 worth today?

Last sold for AED 2,146,305 in 2022

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15 Apr 2026RentedRenewal
AED 175,000/yr12 months · AED 96 per sqft
15 Apr 2025RentedRenewal
AED 175,000/yr12 months · AED 96 per sqft
15 Apr 2025RentedRenewal
AED 175,000/yr12 months · AED 96 per sqft
15 Apr 2024RentedNew contract
AED 175,000/yr12 months · AED 96 per sqft
14 Jul 2023RentedNew contract
AED 155,000/yr12 months · AED 85 per sqft
22 Dec 2022Sold by developerReady
AED 2,146,305AED 1,178 per sqft
14 Jul 2022RentedNew contract
AED 155,000/yr12 months · AED 85 per sqft
1 Mar 2021RentedRenewal
AED 110,000/yr12 months · AED 60 per sqft

Source: Dubai Land Department. Updated 15 April 2026.

Key facts

Type
3-bed apartment
Size
1,822 sqft
Parking
B1-32, B1-33
Completed
2018
Service charge
AED 29,800 /yr
Last sold
AED 2.15M · December 2022
Building
Vezul Residence

About 1208, Vezul Residence

1208 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 22 December 2022 for AED 2,146,305, or AED 1,178 per sqft, 4% above the AED 1,136 three-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, renewed on 15 April 2026, is AED 175,000 a year: a gross yield of 8.2% on the 2022 price, before the service charge of about AED 29,800 a year.

Sales and rents for 1208 over time

Sales
Unit 1208, each saleTypical three-bed in Vezul Residence
2.1M2.13M2.15M202220232024Typical sale price by year: 2022 AED 2,118,870; 2023 AED 2,100,000Sold by developer, December 2022: AED 2,146,305 (AED 1,178 per sqft)

1208 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1208, each contractTypical three-bed in Vezul Residence
100K150K20192021202320252027Typical rent by year: 2019 AED 125,000; 2020 AED 125,000; 2021 AED 130,000; 2022 AED 145,000; 2023 AED 135,750; 2024 AED 175,000; 2025 AED 175,000; 2026 AED 171,250New contract, March 2020: AED 130,000 a yearRenewal, March 2021: AED 110,000 a yearNew contract, July 2022: AED 155,000 a yearNew contract, July 2023: AED 155,000 a yearNew contract, April 2024: AED 175,000 a yearRenewal, April 2025: AED 175,000 a yearRenewal, April 2025: AED 175,000 a yearRenewal, April 2026: AED 175,000 a year

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 1208 sits

All 17 3-beds →

1208 last sold in December 2022 at AED 1,178 per sqft, 4% above what three-beds in Vezul Residence were fetching at the time (AED 1,136). 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. 1208's AED 175,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
3 Jun 20262,400,000
9 Sep 20242,850,000
12 Mar 20242,750,000
18 Apr 20232,022,996
1 3-bed sale 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 →

1208, Vezul Residence in numbers

  • Sold once: by the developer on 22 December 2022 for AED 2,146,305, or AED 1,178 per sqft.
  • Rented since March 2020 on 8 Ejari contracts. The rent fell from AED 130,000 to AED 110,000 in 2021 and recovered to AED 175,000 by April 2026.
  • At AED 175,000 a year the gross yield on the 2022 price is 8.2%, 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 15 April 2026.

Questions about 1208, Vezul Residence

What did unit 1208 last sell for?

AED 2,146,305 on 22 December 2022, sold by the developer: AED 1,178 per sqft for 1,822 sqft. It is the only registered sale of the unit.

What is the rent for unit 1208?

AED 175,000 a year on the contract renewed on 15 April 2026. The previous contract, from April 2025, was AED 175,000; the unit has been rented since March 2020.

How big is unit 1208?

1,822 sqft (169.3 sqm): a three-bedroom apartment of a 17-storey tower completed in 2018.

What is unit 1208 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 1208, Vezul Residence

Starts from the last sale price (AED 2.15M, 22 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,146,305
Deposit, UAE resident (20%)
AED 429,261
Deposit, non-resident (40%)
AED 858,522
Monthly over 25 years at 3.7%
AED 8,781

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