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3-bed · 1,822 sqftVezul Residence, Business Bay · completed 2018

608, Vezul Residence

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

Unit 608 · DLD and Ejari recordsUpdated 18 January 2023
Last soldAED 2.07M18 January 2023
Current rentAED 145K /yr20 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 608, Vezul Residence

What is 608 worth today?

Last sold for AED 2,070,561 in 2023

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18 Jan 2023Sold by developerReady
AED 2,070,561AED 1,136 per sqft
20 Sep 2022RentedNew contract
AED 145,000/yr12 months · AED 80 per sqft
5 Jul 2021RentedNew contract
AED 145,000/yr13 months · AED 80 per sqft
1 Oct 2019RentedNew contract
AED 123,250/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 18 January 2023.

Key facts

Type
3-bed apartment
Size
1,822 sqft
Parking
B1-47, B1-48
Completed
2018
Service charge
AED 29,800 /yr
Last sold
AED 2.07M · January 2023
Building
Vezul Residence

About 608, Vezul Residence

608 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 18 January 2023 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 since 2019 on 3 Ejari contracts. The current contract, signed on 20 September 2022, is AED 145,000 a year: a gross yield of 7.0% on the 2023 price, before the service charge of about AED 29,800 a year.

Sales and rents for 608 over time

Sales
Unit 608, each saleTypical three-bed in Vezul Residence
2.08M2.1M2.13M202220232024Typical sale price by year: 2022 AED 2,118,870; 2023 AED 2,100,000Sold by developer, January 2023: AED 2,070,561 (AED 1,136 per sqft)

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

Rents
Unit 608, each contractTypical three-bed in Vezul Residence
125K150K175K20192021202320252027Typical rent by year: 2019 AED 125,000; 2020 AED 125,000; 2021 AED 130,000; 2022 AED 145,000; 2023 AED 135,750; 2024 AED 175,000; 2025 AED 175,000; 2026 AED 171,250New contract, October 2019: AED 123,250 a yearNew contract, July 2021: AED 145,000 a yearNew contract, September 2022: AED 145,000 a year

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 608 sits

All 17 3-beds →

608 last sold in January 2023 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. 608's AED 145,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
3 Jun 20262,400,000
9 Sep 20242,850,000
12 Mar 20242,750,000
18 Apr 20232,022,996
1 3-bed sale 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 →

608, Vezul Residence in numbers

  • Sold once: by the developer on 18 January 2023 for AED 2,070,561, or AED 1,136 per sqft.
  • Rented since October 2019 on 3 Ejari contracts, from AED 123,250 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2023 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 18 January 2023.

Questions about 608, Vezul Residence

What did unit 608 last sell for?

AED 2,070,561 on 18 January 2023, 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 608?

AED 145,000 a year on the contract signed on 20 September 2022. The previous contract, from July 2021, was AED 145,000; the unit has been rented since October 2019.

How big is unit 608?

1,822 sqft (169.3 sqm): a three-bedroom apartment of a 17-storey tower completed in 2018.

What is unit 608 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 608, Vezul Residence

Starts from the last sale price (AED 2.07M, 18 January 2023). 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 →