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2-bed · 1,488 sqftVezul Residence, Business Bay · completed 2018

205, Vezul Residence

Sold prices and rental history: sold once, by the developer in April 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 205 · DLD and Ejari recordsUpdated 5 April 2023
Last soldAED 1.47M5 April 2023
Current rentAED 109K /yr15 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 205, Vezul Residence

What is 205 worth today?

Last sold for AED 1,470,000 in 2023

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5 Apr 2023Sold by developerReady
AED 1,470,000AED 987 per sqft
15 Feb 2022RentedNew contract
AED 109,000/yr12 months · AED 73 per sqft
1 Nov 2020RentedRenewal
AED 85,000/yr13 months · AED 57 per sqft
1 Nov 2019RentedNew contract
AED 86,700/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 5 April 2023.

Key facts

Type
2-bed apartment
Size
1,488 sqft
Parking
B2-30,B2-83
Completed
2018
Service charge
AED 24,400 /yr
Last sold
AED 1.47M · April 2023
Building
Vezul Residence

About 205, Vezul Residence

205 is a two-bedroom apartment of 1,488 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. The developer sold it on 5 April 2023 for AED 1,470,000, or AED 987 per sqft, 7% below the AED 1,057 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 15 February 2022, is AED 109,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 24,400 a year.

Sales and rents for 205 over time

Sales
Unit 205, each saleTypical two-bed in Vezul Residence
1.5M1.75M2M20222023202420252026Typical sale price by year: 2022 AED 1,485,000; 2023 AED 1,593,945; 2024 AED 1,950,000; 2025 AED 1,950,000Sold by developer, April 2023: AED 1,470,000 (AED 987 per sqft)

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

Rents
Unit 205, each contractTypical two-bed in Vezul Residence
100K125K20192021202320252027Typical rent by year: 2019 AED 92,000; 2020 AED 89,000; 2021 AED 89,636; 2022 AED 104,000; 2023 AED 115,000; 2024 AED 135,000; 2025 AED 135,000; 2026 AED 127,500New contract, November 2019: AED 86,700 a yearRenewal, November 2020: AED 85,000 a yearNew contract, February 2022: AED 109,000 a year

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 205 sits

All 67 2-beds →

205 last sold in April 2023 at AED 987 per sqft, 7% below what two-beds in Vezul Residence were fetching at the time (AED 1,057). 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. 205's AED 109,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 May 20262,100,000
13 Nov 20251,950,000
6 Oct 20251,950,000
10 Jul 20251,900,000
2 2-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 →

205, Vezul Residence in numbers

  • Sold once: by the developer on 5 April 2023 for AED 1,470,000, or AED 987 per sqft.
  • Rented since November 2019 on 3 Ejari contracts, from AED 86,700 to AED 109,000 a year.
  • At AED 109,000 a year the gross yield on the 2023 price is 7.4%, before a service charge of about AED 24,400 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 205, Vezul Residence

What did unit 205 last sell for?

AED 1,470,000 on 5 April 2023, sold by the developer: AED 987 per sqft for 1,488 sqft. It is the only registered sale of the unit.

What is the rent for unit 205?

AED 109,000 a year on the contract signed on 15 February 2022. The previous contract, from November 2020, was AED 85,000; the unit has been rented since November 2019.

How big is unit 205?

1,488 sqft (138.2 sqm): a two-bedroom apartment of a 17-storey tower completed in 2018.

What is unit 205 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 205, Vezul Residence

Starts from the last sale price (AED 1.47M, 5 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,470,000
Deposit, UAE resident (20%)
AED 294,000
Deposit, non-resident (40%)
AED 588,000
Monthly over 25 years at 3.7%
AED 6,014

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