501, Vezul Residence
Sold prices and rental history: sold once, by the developer in October 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Vezul Residence
What is 501 worth today?
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Source: Dubai Land Department. Updated 27 October 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,430 sqft
- Parking
- B1-24
- Completed
- 2018
- Service charge
- AED 23,400 /yr
- Last sold
- AED 1.51M · October 2022
- Building
- Vezul Residence
About 501, Vezul Residence
501 is a two-bedroom apartment of 1,430 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. The developer sold it on 27 October 2022 for AED 1,510,080, or AED 1,056 per sqft, in line with the AED 1,035 two-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 6 December 2021, is AED 93,500 a year: a gross yield of 6.2% on the 2022 price, before the service charge of about AED 23,400 a year.
Sales and rents for 501 over time
501 has sold once; the dashed line is the two-bed median of each year in the building.
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 501 sits
All 67 2-beds →501 last sold in October 2022 at AED 1,056 per sqft, in line with what two-beds in Vezul Residence were fetching at the time (AED 1,035). 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. 501's AED 93,500 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 May 202621 May 2026 | 1,464 sqft | 2,100,000 | 1,434 | ||
| 13 Nov 202513 November 2025 | 1,388 sqft | 1,950,000 | 1,404 | ||
| 6 Oct 20256 October 2025 | 1,488 sqft | 1,950,000 | 1,310 | ||
| 10 Jul 202510 July 2025 | 1,388 sqft | 1,900,000 | 1,368 |
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%
501, Vezul Residence in numbers
- Sold once: by the developer on 27 October 2022 for AED 1,510,080, or AED 1,056 per sqft.
- Rented since November 2019 on 3 Ejari contracts, from AED 85,000 to AED 93,500 a year.
- At AED 93,500 a year the gross yield on the 2022 price is 6.2%, before a service charge of about AED 23,400 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 27 October 2022.
Questions about 501, Vezul Residence
What did unit 501 last sell for?
AED 1,510,080 on 27 October 2022, sold by the developer: AED 1,056 per sqft for 1,430 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 93,500 a year on the contract renewed on 6 December 2021. The previous contract, from November 2020, was AED 85,000; the unit has been rented since November 2019.
How big is unit 501?
1,430 sqft (132.9 sqm): a two-bedroom apartment of a 17-storey tower completed in 2018.
What is unit 501 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 501, Vezul Residence
Starts from the last sale price (AED 1.51M, 27 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,510,080
- Deposit, UAE resident (20%)
- AED 302,016
- Deposit, non-resident (40%)
- AED 604,032
- Monthly over 25 years at 3.7%
- AED 6,178
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →