508, Vezul Residence
Sold prices and rental history: sold once, by the developer in December 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Vezul Residence
What is 508 worth today?
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Source: Dubai Land Department. Updated 15 December 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 1,822 sqft
- Parking
- B1-45, B1-46
- Completed
- 2018
- Service charge
- AED 29,800 /yr
- Last sold
- AED 2.07M · December 2022
- Building
- Vezul Residence
About 508, Vezul Residence
508 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 15 December 2022 for AED 2,070,561, or AED 1,136 per sqft, in line with the AED 1,136 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 15 April 2022, is AED 145,000 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 29,800 a year.
Sales and rents for 508 over time
508 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 508 sits
All 17 3-beds →508 last sold in December 2022 at AED 1,136 per sqft, in line with what three-beds in Vezul Residence were fetching at the time (AED 1,136). 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. 508's AED 145,000 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%
508, Vezul Residence in numbers
- Sold once: by the developer on 15 December 2022 for AED 2,070,561, or AED 1,136 per sqft.
- Rented since November 2019 on 4 Ejari contracts, from AED 125,000 to AED 145,000 a year.
- At AED 145,000 a year the gross yield on the 2022 price is 7.0%, 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 15 December 2022.
Questions about 508, Vezul Residence
What did unit 508 last sell for?
AED 2,070,561 on 15 December 2022, sold by the developer: AED 1,136 per sqft for 1,822 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 145,000 a year on the contract signed on 15 April 2022. The previous contract, from December 2021, was AED 145,000; the unit has been rented since November 2019.
How big is unit 508?
1,822 sqft (169.3 sqm): a three-bedroom apartment of a 17-storey tower completed in 2018.
What is unit 508 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 508, Vezul Residence
Starts from the last sale price (AED 2.07M, 15 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,070,561
- Deposit, UAE resident (20%)
- AED 414,112
- Deposit, non-resident (40%)
- AED 828,224
- Monthly over 25 years at 3.7%
- AED 8,471
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →