Vezul Residence
✓ Resale Available

Vezul Residence

From AED 3.00M·Completed Dec 2019·Developer payment plan available Payment
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AED 3.00M
Starting Price
Dec 2019
Handover
Developer payment plan available
Payment Plan
2 BR · Apartments
Type

Project Overview

Vezul Residence is an elite residential complex in the prestigious Business Bay area, by Markaz Development company. The architectural composition of the building impresses with its modernity: 17 floors of the residential part rise above the functional ground floor and two basement levels, creating a harmonious silhouette in the urban landscape of Dubai. The complex offers apartments with 1-3 bedrooms, distinguished by thoughtful layouts and exquisite design. The space of each apartment is filled with light thanks to panoramic glazing, and premium finishes emphasize the status of housing. Special attention is paid to engineering systems: each residence has a modern air conditioning system and high-quality household appliances. Residents of the complex can enjoy a full-fledged infrastructure.: high-speed elevators, a swimming pool, a modern gym and a well-maintained playground. Security is provided by round-the-clock security and video surveillance, and the comfort of living is supported by concierge service and reception service. The advantageous location of the complex provides excellent transport accessibility. It will take only 10 minutes to get to Dubai Mall, 19 minutes to Palm Jumeirah, and the journey to Dubai International Airport will take about 16 minutes. Restaurants, retail outlets and other urban infrastructure facilities are within walking distance.

Project Specifications
DeveloperMarkaz Development
LocationBusiness Bay
Unit Types2 BR, Apartments
AreaBusiness Bay
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 129,364 / year
Cash-on-Cash
1.8%
Levered cashflow AED 30,430
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 194,870 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Vezul Residence launch basis3,331AED 3.00MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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Vezul Residence official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Markaz Development.

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Payment Structure

Developer payment plan available

Flexible Payment

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Amenities & Lifestyle

Central A/C
Children’s pool
Concierge Service
Covered Kids Play Area
Landscaped garden
Lift
Lobby
Open Kids Play Area
Parking
Picnic Area
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Walking paths

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

Vezul Residence by Markaz Development

02

Located in Business Bay

03

Starting from AED 2,998,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Dec 2019

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Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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