509, Vezul Residence
Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Vezul Residence
What is 509 worth today?
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Source: Dubai Land Department. Updated 21 November 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,464 sqft
- Parking
- B2-23
- Completed
- 2018
- Service charge
- AED 24,000 /yr
- Last sold
- AED 1.43M · November 2022
- Building
- Vezul Residence
About 509, Vezul Residence
509 is a two-bedroom apartment of 1,464 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. The developer sold it on 21 November 2022 for AED 1,426,600, or AED 974 per sqft, 6% below the AED 1,036 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 3 October 2022, is AED 109,000 a year: a gross yield of 7.6% on the 2022 price, before the service charge of about AED 24,000 a year.
Sales and rents for 509 over time
509 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 509 sits
All 67 2-beds →509 last sold in November 2022 at AED 974 per sqft, 6% below what two-beds in Vezul Residence were fetching at the time (AED 1,036). 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. 509's AED 109,000 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%
509, Vezul Residence in numbers
- Sold once: by the developer on 21 November 2022 for AED 1,426,600, or AED 974 per sqft.
- Rented since January 2020 on 4 Ejari contracts, from AED 93,000 to AED 109,000 a year.
- At AED 109,000 a year the gross yield on the 2022 price is 7.6%, before a service charge of about AED 24,000 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 21 November 2022.
Questions about 509, Vezul Residence
What did unit 509 last sell for?
AED 1,426,600 on 21 November 2022, sold by the developer: AED 974 per sqft for 1,464 sqft. It is the only registered sale of the unit.
What is the rent for unit 509?
AED 109,000 a year on the contract signed on 3 October 2022. The previous contract, from June 2021, was AED 85,000; the unit has been rented since January 2020.
How big is unit 509?
1,464 sqft (136.0 sqm): a two-bedroom apartment of a 17-storey tower completed in 2018.
What is unit 509 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 509, Vezul Residence
Starts from the last sale price (AED 1.43M, 21 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,426,600
- Deposit, UAE resident (20%)
- AED 285,320
- Deposit, non-resident (40%)
- AED 570,640
- Monthly over 25 years at 3.7%
- AED 5,837
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →