1602, Vezul Residence
Sold prices and rental history: sold twice, last in May 2024, and rented once, from December 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Vezul Residence
What is 1602 worth today?
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Source: Dubai Land Department. Updated 6 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 902 sqft
- Parking
- B1-42
- Completed
- 2018
- Service charge
- AED 14,800 /yr
- Last sold
- AED 1.49M · May 2024
- Building
- Vezul Residence
About 1602, Vezul Residence
1602 is a one-bedroom apartment of 902 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. It last sold on 6 May 2024 for AED 1,490,000, or AED 1,652 per sqft, 17% above the AED 1,411 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 22 December 2019. The current contract, signed on 22 December 2019, is AED 83,000 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 14,800 a year.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Vezul Residence, and where 1602 sits
All 64 1-beds →1602 last sold in May 2024 at AED 1,652 per sqft, 17% above what one-beds in Vezul Residence were fetching at the time (AED 1,411). Over the last 12 months one-beds sold for AED 1,150,000 to 1,550,000, around AED 1,449 per sqft, and rent for AED 75,000 to 140,700 a year. 1602's AED 83,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Oct 20268 October 2026 | 910 sqft | 1,240,000 | 1,363 | ||
| 4 Sep 20264 September 2026 | 840 sqft | 1,290,000 | 1,535 | ||
| 8 Jun 20268 June 2026 | 909 sqft | 1,400,000 | 1,540 | ||
| 3 Jun 20263 June 2026 | 1,021 sqft | 1,150,000 | 1,126 |
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%
1602, Vezul Residence in numbers
- Sold twice: first on 6 September 2021 for AED 977,000, last on 6 May 2024 for AED 1,490,000 (AED 1,652 per sqft).
- Rented since December 2019 on one Ejari contract, at AED 83,000 a year.
- At AED 83,000 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 14,800 a year (AED 16.38 per sqft).
- One-beds in Vezul Residence sold for AED 1,150,000–1,550,000 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 6 May 2024.
Questions about 1602, Vezul Residence
What did unit 1602 last sell for?
AED 1,490,000 on 6 May 2024: AED 1,652 per sqft for 902 sqft. The unit has 2 registered sales; the first was AED 977,000 in September 2021.
What is the rent for unit 1602?
AED 83,000 a year on the contract signed on 22 December 2019.
How big is unit 1602?
902 sqft (83.8 sqm): a one-bedroom apartment of a 17-storey tower completed in 2018.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Vezul Residence sold for AED 1,150,000 to 1,550,000 in the last 12 months, around AED 1,449 per sqft.
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Mortgage on 1602, Vezul Residence
Starts from the last sale price (AED 1.49M, 6 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,490,000
- Deposit, UAE resident (20%)
- AED 298,000
- Deposit, non-resident (40%)
- AED 596,000
- Monthly over 25 years at 3.7%
- AED 6,096
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →