1501, Vezul Residence
Sold prices and rental history: sold once, by the developer in September 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, Vezul Residence
What is 1501 worth today?
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Source: Dubai Land Department. Updated 5 April 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,399 sqft
- Parking
- B1-63
- Completed
- 2018
- Service charge
- AED 22,900 /yr
- Last sold
- AED 1.6M · September 2022
- Building
- Vezul Residence
About 1501, Vezul Residence
1501 is a two-bedroom apartment of 1,399 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. The developer sold it on 9 September 2022 for AED 1,595,650, or AED 1,140 per sqft, 10% above the AED 1,034 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 5 April 2023, is AED 120,000 a year: a gross yield of 7.5% on the 2022 price, before the service charge of about AED 22,900 a year.
Sales and rents for 1501 over time
1501 has sold once; the dashed line is the two-bed median of each year in the building.
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 1501 sits
All 67 2-beds →1501 last sold in September 2022 at AED 1,140 per sqft, 10% above 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. 1501's AED 120,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 May 202621 May 2026 | 1,464 sqft | 2,100,000 | 1,434 | ||
| 13 Nov 202513 November 2025 | 1,388 sqft | 1,950,000 | 1,404 | ||
| 6 Oct 20256 October 2025 | 1,488 sqft | 1,950,000 | 1,310 | ||
| 10 Jul 202510 July 2025 | 1,388 sqft | 1,900,000 | 1,368 |
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%
1501, Vezul Residence in numbers
- Sold once: by the developer on 9 September 2022 for AED 1,595,650, or AED 1,140 per sqft.
- Rented since August 2020 on 5 Ejari contracts, from AED 93,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2022 price is 7.5%, before a service charge of about AED 22,900 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 5 April 2023.
Questions about 1501, Vezul Residence
What did unit 1501 last sell for?
AED 1,595,650 on 9 September 2022, sold by the developer: AED 1,140 per sqft for 1,399 sqft. It is the only registered sale of the unit.
What is the rent for unit 1501?
AED 120,000 a year on the contract signed on 5 April 2023. The previous contract, from February 2022, was AED 120,000; the unit has been rented since August 2020.
How big is unit 1501?
1,399 sqft (130.0 sqm): a two-bedroom apartment of a 17-storey tower completed in 2018.
What is unit 1501 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 1501, Vezul Residence
Starts from the last sale price (AED 1.6M, 9 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,595,650
- Deposit, UAE resident (20%)
- AED 319,130
- Deposit, non-resident (40%)
- AED 638,260
- Monthly over 25 years at 3.7%
- AED 6,528
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →