1608, Vezul Residence
Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, Vezul Residence
What is 1608 worth today?
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Source: Dubai Land Department. Updated 31 December 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 1,822 sqft
- Parking
- B1-34, B1-35
- Completed
- 2018
- Service charge
- AED 29,800 /yr
- Last sold
- AED 2.11M · November 2022
- Building
- Vezul Residence
About 1608, Vezul Residence
1608 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 10 November 2022 for AED 2,110,000, or AED 1,158 per sqft, 17% above the AED 993 three-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 31 December 2022, is AED 150,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 29,800 a year.
Sales and rents for 1608 over time
1608 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 1608 sits
All 17 3-beds →1608 last sold in November 2022 at AED 1,158 per sqft, 17% above what three-beds in Vezul Residence were fetching at the time (AED 993). 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. 1608's AED 150,000 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%
1608, Vezul Residence in numbers
- Sold once: by the developer on 10 November 2022 for AED 2,110,000, or AED 1,158 per sqft.
- Rented since November 2020 on 3 Ejari contracts, from AED 125,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2022 price is 7.1%, 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 31 December 2022.
Questions about 1608, Vezul Residence
What did unit 1608 last sell for?
AED 2,110,000 on 10 November 2022, sold by the developer: AED 1,158 per sqft for 1,822 sqft. It is the only registered sale of the unit.
What is the rent for unit 1608?
AED 150,000 a year on the contract renewed on 31 December 2022. The previous contract, from December 2021, was AED 150,000; the unit has been rented since November 2020.
How big is unit 1608?
1,822 sqft (169.3 sqm): a three-bedroom apartment of a 17-storey tower completed in 2018.
What is unit 1608 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 1608, Vezul Residence
Starts from the last sale price (AED 2.11M, 10 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,110,000
- Deposit, UAE resident (20%)
- AED 422,000
- Deposit, non-resident (40%)
- AED 844,000
- Monthly over 25 years at 3.7%
- AED 8,633
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →