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

903, Vezul Residence

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

Unit 903 · DLD and Ejari recordsUpdated 1 July 2022
Last soldAED 1.24M1 July 2022
Current rentAED 92K /yr18 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 903, Vezul Residence

What is 903 worth today?

Last sold for AED 1,236,000 in 2022

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1 Jul 2022Sold by developerReady
AED 1,236,000AED 1,471 per sqft
18 Nov 2021RentedNew contract
AED 92,000/yr12 months · AED 110 per sqft
10 Jan 2021RentedNew contract
AED 64,000/yr12 months · AED 76 per sqft
25 Oct 2019RentedNew contract
AED 69,700/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 1 July 2022.

Key facts

Type
1-bed apartment
Size
840 sqft
Parking
B2-45
Completed
2018
Service charge
AED 13,800 /yr
Last sold
AED 1.24M · July 2022

About 903, Vezul Residence

903 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 1 July 2022 for AED 1,236,000, or AED 1,471 per sqft, 36% above the AED 1,083 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 18 November 2021, is AED 92,000 a year: a gross yield of 7.4% on the 2022 price, before the service charge of about AED 13,800 a year.

Sales and rents for 903 over time

Sales
Unit 903, 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, July 2022: AED 1,236,000 (AED 1,471 per sqft)

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

Rents
Unit 903, each contractTypical one-bed in Vezul Residence
60K80K20192021202320252027Typical 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, October 2019: AED 69,700 a yearNew contract, January 2021: AED 64,000 a yearNew contract, November 2021: AED 92,000 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 903 sits

All 64 1-beds →

903 last sold in July 2022 at AED 1,471 per sqft, 36% above what one-beds in Vezul Residence were fetching at the time (AED 1,083). 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. 903's AED 92,000 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 →

903, Vezul Residence in numbers

  • Sold once: by the developer on 1 July 2022 for AED 1,236,000, or AED 1,471 per sqft.
  • Rented since October 2019 on 3 Ejari contracts, from AED 69,700 to AED 92,000 a year.
  • At AED 92,000 a year the gross yield on the 2022 price is 7.4%, 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 1 July 2022.

Questions about 903, Vezul Residence

What did unit 903 last sell for?

AED 1,236,000 on 1 July 2022, sold by the developer: AED 1,471 per sqft for 840 sqft. It is the only registered sale of the unit.

What is the rent for unit 903?

AED 92,000 a year on the contract signed on 18 November 2021. The previous contract, from January 2021, was AED 64,000; the unit has been rented since October 2019.

How big is unit 903?

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

What is unit 903 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.

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Mortgage on 903, Vezul Residence

Starts from the last sale price (AED 1.24M, 1 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,236,000
Deposit, UAE resident (20%)
AED 247,200
Deposit, non-resident (40%)
AED 494,400
Monthly over 25 years at 3.7%
AED 5,057

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