Vezul Residence — project image
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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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 129,364 / year
Cash-on-Cash
2.2%
Levered cashflow AED 30,430
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.38M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

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Payment Structure

Developer payment plan available

Published payment summary

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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

Business Bay

Developer and Project Facts

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

06

Official render/gallery images available

Available for Resale

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

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RERA Registered
Qualified Buyer Flow
Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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