1-bed · 910 sqftVezul Residence, Business Bay · 16th floor · completed 2018

1604, Vezul Residence

Sold prices and rental history: sold twice, last in October 2026, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 1 November 2026
Last soldAED 1.24M8 October 2026
Current rentAED 78K /yr1 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1604, Vezul Residence

What is 1604 worth today?

Last sold for AED 1,240,000 in 2026

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1 Nov 2026RentedNew contract
AED 78,000/yr12 months · AED 85 per sqft
8 Oct 2026SoldReady
AED 1,240,000AED 1,363 per sqft
6 Mar 2026RentedRenewal
AED 88,162/yr5 months · AED 97 per sqft
6 Mar 2025RentedNew contract
AED 84,000/yr12 months · AED 92 per sqft
6 Mar 2025RentedNew contract
AED 84,000/yr12 months · AED 92 per sqft
1 Feb 2024RentedRenewal
AED 76,138/yr12 months · AED 84 per sqft
1 Feb 2023RentedRenewal
AED 69,216/yr12 months · AED 76 per sqft
1 Feb 2022RentedRenewal
AED 66,920/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 1 November 2026.

Key facts

Type
1-bed apartment
Size
910 sqft
Floor
16th of 17
Parking
B1-28
Completed
2018
Service charge
AED 14,900 /yr
Last sold
AED 1.24M · October 2026

About 1604, Vezul Residence

1604 is a one-bedroom apartment of 910 sqft on the 16th floor of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. It last sold on 8 October 2026 for AED 1,240,000, or AED 1,363 per sqft, 11% below the AED 1,538 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 9 Ejari contracts. The current contract, signed on 1 November 2026, is AED 78,000 a year: a gross yield of 6.3% on the 2026 price, before the service charge of about AED 14,900 a year.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical one-bed in Vezul Residence
1M1.25M2021202320252027Typical sale price by year: 2021 AED 950,000; 2022 AED 1,125,000; 2023 AED 1,155,000; 2024 AED 1,412,500; 2025 AED 1,400,000; 2026 AED 1,345,000Sold by developer, November 2021: AED 1,008,000 (AED 1,108 per sqft)Sold, October 2026: AED 1,240,000 (AED 1,363 per sqft)

1604 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1604, each contractTypical one-bed in Vezul Residence
80K201920222025Typical rent by year: 2019 AED 69,700; 2020 AED 73,000; 2021 AED 69,000; 2022 AED 75,900; 2023 AED 85,000; 2024 AED 90,000; 2025 AED 90,000; 2026 AED 85,500New contract, February 2020: AED 83,000 a yearRenewal, February 2021: AED 66,920 a yearRenewal, February 2022: AED 66,920 a yearRenewal, February 2023: AED 69,216 a yearRenewal, February 2024: AED 76,138 a yearNew contract, March 2025: AED 84,000 a yearNew contract, March 2025: AED 84,000 a yearRenewal, March 2026: AED 88,162 a yearNew contract, November 2026: AED 78,000 a year

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 1604 sits

All 64 1-beds →

1604 last sold in October 2026 at AED 1,363 per sqft, 11% below what one-beds in Vezul Residence were fetching at the time (AED 1,538). 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. 1604's AED 78,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Sep 20261,290,000
8 Jun 20261,400,000
3 Jun 20261,150,000
3 Jun 20261,480,000
6 1-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 →

Other units on the 16th floor

All 14 units in Vezul Residence
Value
16031-bedAED 1.29M · Sep 2026

1604, Vezul Residence in numbers

  • Sold twice: first on 15 November 2021 for AED 1,008,000, last on 8 October 2026 for AED 1,240,000 (AED 1,363 per sqft).
  • Rented since February 2020 on 9 Ejari contracts. The rent fell from AED 83,000 to AED 66,920 in 2022 and recovered to AED 78,000 by November 2026.
  • At AED 78,000 a year the gross yield on the 2026 price is 6.3%, before a service charge of about AED 14,900 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 1 November 2026.

Questions about 1604, Vezul Residence

What did unit 1604 last sell for?

AED 1,240,000 on 8 October 2026: AED 1,363 per sqft for 910 sqft. The unit has 2 registered sales; the first was AED 1,008,000 in November 2021.

What is the rent for unit 1604?

AED 78,000 a year on the contract signed on 1 November 2026. The previous contract, from March 2026, was AED 88,162; the unit has been rented since February 2020.

How big is unit 1604?

910 sqft (84.5 sqm): a one-bedroom apartment on the 16th floor of a 17-storey tower completed in 2018.

What is unit 1604 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 1604, Vezul Residence

Starts from the last sale price (AED 1.24M, 8 October 2026). Switch to today's estimate once you have unlocked it.
Price
AED 1,240,000
Deposit, UAE resident (20%)
AED 248,000
Deposit, non-resident (40%)
AED 496,000
Monthly over 25 years at 3.7%
AED 5,073

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