1-bed · 778 sqftVezul Residence, Business Bay · completed 2018

207, Vezul Residence

Sold prices and rental history: sold once, by the developer in March 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 207 · DLD and Ejari recordsUpdated 12 December 2024
Last soldAED 1.01M29 March 2023
Current rentAED 78K /yr12 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 207, Vezul Residence

What is 207 worth today?

Last sold for AED 1,010,000 in 2023

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12 Dec 2024RentedRenewal
AED 78,000/yr12 months · AED 100 per sqft
12 Dec 2023RentedRenewal
AED 72,500/yr12 months · AED 93 per sqft
29 Mar 2023Sold by developerReady
AED 1,010,000AED 1,298 per sqft
12 Dec 2022RentedRenewal
AED 66,500/yr12 months · AED 85 per sqft
12 Nov 2021RentedNew contract
AED 66,500/yr13 months · AED 85 per sqft

Source: Dubai Land Department. Updated 12 December 2024.

Key facts

Type
1-bed apartment
Size
778 sqft
Parking
B2-64
Completed
2018
Service charge
AED 12,700 /yr
Last sold
AED 1.01M · March 2023

About 207, Vezul Residence

207 is a one-bedroom apartment of 778 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. The developer sold it on 29 March 2023 for AED 1,010,000, or AED 1,298 per sqft, in line with the AED 1,332 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 12 December 2024, is AED 78,000 a year: a gross yield of 7.7% on the 2023 price, before the service charge of about AED 12,700 a year.

Sales and rents for 207 over time

Sales
Unit 207, 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, March 2023: AED 1,010,000 (AED 1,298 per sqft)

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

Rents
Unit 207, each contractTypical one-bed in Vezul Residence
80K20192021202320252027Typical 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, November 2021: AED 66,500 a yearRenewal, December 2022: AED 66,500 a yearRenewal, December 2023: AED 72,500 a yearRenewal, December 2024: 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 207 sits

All 64 1-beds →

207 last sold in March 2023 at AED 1,298 per sqft, in line with what one-beds in Vezul Residence were fetching at the time (AED 1,332). 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. 207's AED 78,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Oct 20261,240,000
4 Sep 20261,290,000
8 Jun 20261,400,000
3 Jun 20261,150,000
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 →

207, Vezul Residence in numbers

  • Sold once: by the developer on 29 March 2023 for AED 1,010,000, or AED 1,298 per sqft.
  • Rented since November 2021 on 4 Ejari contracts, from AED 66,500 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2023 price is 7.7%, before a service charge of about AED 12,700 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 12 December 2024.

Questions about 207, Vezul Residence

What did unit 207 last sell for?

AED 1,010,000 on 29 March 2023, sold by the developer: AED 1,298 per sqft for 778 sqft. It is the only registered sale of the unit.

What is the rent for unit 207?

AED 78,000 a year on the contract renewed on 12 December 2024. The previous contract, from December 2023, was AED 72,500; the unit has been rented since November 2021.

How big is unit 207?

778 sqft (72.3 sqm): a one-bedroom apartment of a 17-storey tower completed in 2018.

What is unit 207 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 207, Vezul Residence

Starts from the last sale price (AED 1.01M, 29 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,000
Deposit, UAE resident (20%)
AED 202,000
Deposit, non-resident (40%)
AED 404,000
Monthly over 25 years at 3.7%
AED 4,132

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