1-bed · 840 sqftVezul Residence, Business Bay · completed 2018

703, Vezul Residence

Sold prices and rental history: sold once, by the developer in September 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 20 August 2026
Last soldAED 1.17M19 September 2022
Current rentAED 90K /yr20 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Vezul Residence

What is 703 worth today?

Last sold for AED 1,165,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

20 Aug 2026RentedRenewal
AED 90,000/yr12 months · AED 107 per sqft
20 Aug 2025RentedNew contract
AED 90,000/yr12 months · AED 107 per sqft
15 Nov 2023RentedRenewal
AED 85,000/yr12 months · AED 101 per sqft
15 Nov 2022RentedNew contract
AED 85,000/yr12 months · AED 101 per sqft
19 Sep 2022Sold by developerReady
AED 1,165,000AED 1,386 per sqft
1 May 2021RentedNew contract
AED 69,000/yr13 months · AED 82 per sqft
10 Nov 2020RentedRenewal
AED 66,300/yr4 months · AED 79 per sqft
10 Nov 2019RentedNew contract
AED 66,300/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 20 August 2026.

Key facts

Type
1-bed apartment
Size
840 sqft
Parking
B1-78
Completed
2018
Service charge
AED 13,800 /yr
Last sold
AED 1.17M · September 2022

About 703, Vezul Residence

703 is a one-bedroom apartment of 840 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. The developer sold it on 19 September 2022 for AED 1,165,000, or AED 1,386 per sqft, 17% above the AED 1,186 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 20 August 2026, is AED 90,000 a year: a gross yield of 7.7% on the 2022 price, before the service charge of about AED 13,800 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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, September 2022: AED 1,165,000 (AED 1,386 per sqft)

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

Rents
Unit 703, each contractTypical one-bed in Vezul Residence
80K201920222025Typical 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 2019: AED 66,300 a yearRenewal, November 2020: AED 66,300 a yearNew contract, May 2021: AED 69,000 a yearNew contract, November 2022: AED 85,000 a yearRenewal, November 2023: AED 85,000 a yearNew contract, August 2025: AED 90,000 a yearRenewal, August 2026: AED 90,000 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 703 sits

All 64 1-beds →

703 last sold in September 2022 at AED 1,386 per sqft, 17% above what one-beds in Vezul Residence were fetching at the time (AED 1,186). 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. 703's AED 90,000 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 →

703, Vezul Residence in numbers

  • Sold once: by the developer on 19 September 2022 for AED 1,165,000, or AED 1,386 per sqft.
  • Rented since November 2019 on 7 Ejari contracts, from AED 66,300 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2022 price is 7.7%, before a service charge of about AED 13,800 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 20 August 2026.

Questions about 703, Vezul Residence

What did unit 703 last sell for?

AED 1,165,000 on 19 September 2022, sold by the developer: AED 1,386 per sqft for 840 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 90,000 a year on the contract renewed on 20 August 2026. The previous contract, from August 2025, was AED 90,000; the unit has been rented since November 2019.

How big is unit 703?

840 sqft (78.0 sqm): a one-bedroom apartment of a 17-storey tower completed in 2018.

What is unit 703 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.

Selling 703? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 703, Vezul Residence

Starts from the last sale price (AED 1.17M, 19 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,165,000
Deposit, UAE resident (20%)
AED 233,000
Deposit, non-resident (40%)
AED 466,000
Monthly over 25 years at 3.7%
AED 4,766

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