2-bed · 1,464 sqftVezul Residence, Business Bay · completed 2018

809, Vezul Residence

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 809 · DLD and Ejari recordsUpdated 9 June 2024
Last soldAED 2M4 June 2024
Current rentAED 108K /yr9 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 809, Vezul Residence

What is 809 worth today?

Last sold for AED 2,000,000 in 2024

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9 Jun 2024RentedNew contract
AED 107,934/yr12 months · AED 74 per sqft
4 Jun 2024SoldReady
AED 2,000,000AED 1,366 per sqft
10 Apr 2023RentedRenewal
AED 98,122/yr12 months · AED 67 per sqft
28 Oct 2022Sold by developerReady
AED 1,521,600AED 1,039 per sqft
10 Apr 2022RentedRenewal
AED 93,450/yr12 months · AED 64 per sqft
10 Mar 2021RentedNew contract
AED 89,000/yr13 months · AED 61 per sqft

Source: Dubai Land Department. Updated 9 June 2024.

Key facts

Type
2-bed apartment
Size
1,464 sqft
Parking
B1-81,B2-6
Completed
2018
Service charge
AED 24,000 /yr
Last sold
AED 2M · June 2024

About 809, Vezul Residence

809 is a two-bedroom apartment of 1,464 sqft of Vezul Residence, a 17-storey tower in Business Bay completed in 2018. It last sold on 4 June 2024 for AED 2,000,000, or AED 1,366 per sqft, 13% above the AED 1,209 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 9 June 2024, is AED 107,934 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 24,000 a year.

Sales and rents for 809 over time

Sales
Unit 809, each saleTypical two-bed in Vezul Residence
1.5M1.75M2M20222023202420252026Typical sale price by year: 2022 AED 1,485,000; 2023 AED 1,593,945; 2024 AED 1,950,000; 2025 AED 1,950,000Sold by developer, October 2022: AED 1,521,600 (AED 1,039 per sqft)Sold, June 2024: AED 2,000,000 (AED 1,366 per sqft)

809 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 809, each contractTypical two-bed in Vezul Residence
100K125K20192021202320252027Typical rent by year: 2019 AED 92,000; 2020 AED 89,000; 2021 AED 89,636; 2022 AED 104,000; 2023 AED 115,000; 2024 AED 135,000; 2025 AED 135,000; 2026 AED 127,500New contract, March 2021: AED 89,000 a yearRenewal, April 2022: AED 93,450 a yearRenewal, April 2023: AED 98,122 a yearNew contract, June 2024: AED 107,934 a year

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 809 sits

All 67 2-beds →

809 last sold in June 2024 at AED 1,366 per sqft, 13% above what two-beds in Vezul Residence were fetching at the time (AED 1,209). 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. 809's AED 107,934 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 May 20262,100,000
13 Nov 20251,950,000
6 Oct 20251,950,000
10 Jul 20251,900,000
2 2-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 →

809, Vezul Residence in numbers

  • Sold twice: first on 28 October 2022 for AED 1,521,600, last on 4 June 2024 for AED 2,000,000 (AED 1,366 per sqft).
  • Rented since March 2021 on 4 Ejari contracts, from AED 89,000 to AED 107,934 a year.
  • At AED 107,934 a year the gross yield on the 2024 price is 5.4%, 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 9 June 2024.

Questions about 809, Vezul Residence

What did unit 809 last sell for?

AED 2,000,000 on 4 June 2024: AED 1,366 per sqft for 1,464 sqft. The unit has 2 registered sales; the first was AED 1,521,600 in October 2022.

What is the rent for unit 809?

AED 107,934 a year on the contract signed on 9 June 2024. The previous contract, from April 2023, was AED 98,122; the unit has been rented since March 2021.

How big is unit 809?

1,464 sqft (136.0 sqm): a two-bedroom apartment of a 17-storey tower completed in 2018.

What is unit 809 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 809, Vezul Residence

Starts from the last sale price (AED 2M, 4 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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