Project · Transactions · 2023

Vezul Residence Property Transactions 2023

68 property sales worth ⃃ 104.7M were registered in Vezul Residence in 2023, 10.5% lower than 2022 by number of sales. The median sale price was ⃃ 1,444,213 and the median price per square foot ⃃ 1,235 (+11.7% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 68 salesUpdated: 12 Nov 2026
Property sales
68
−10.5% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 104.7M
−3.9% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 1,444,213
−1.1% vs 2022
68 sales
Median price per sq ft
⃃ 1,235
+11.7% vs 2022
68 sales

What types of property sold in Vezul Residence in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments6798.5%⃃ 98.8M⃃ 1,425,825⃃ 1,233
Commercial11.5%⃃ 5.9M⃃ 5,900,000⃃ 1,664

How were 2023 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)6088.2%⃃ 92.11M⃃ 1,422,913⃃ 1,217
Resale (secondary)811.8%⃃ 12.59M⃃ 1,705,000⃃ 1,288
Ready68100%⃃ 104.7M⃃ 1,444,213⃃ 1,235

How many rental contracts were registered in Vezul Residence in 2023?

104 rental contracts (new and renewed) were registered in Vezul Residence in 2023, at a median annual rent of ⃃ 98,175 (+5.1% on 2022). Rental yields in Vezul Residence

What were the most expensive property sales in Vezul Residence in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
16/03/2023Vezul ResidenceCommercial3,546 sq ft⃃ 5,900,000Primary · Ready
03/02/2023Vezul Residence3 beds · Apartment1,822 sq ft⃃ 2,260,000Primary · Ready
08/03/2023Vezul Residence3 beds · Apartment1,822 sq ft⃃ 2,260,000Primary · Ready
22/03/2023Vezul Residence3 beds · Apartment1,822 sq ft⃃ 2,260,000Primary · Ready
08/02/2023Vezul Residence3 beds · Apartment1,822 sq ft⃃ 2,246,000Primary · Ready
15/03/2023Vezul Residence3 beds · Apartment1,822 sq ft⃃ 2,146,305Primary · Ready
08/02/2023Vezul Residence3 beds · Apartment1,822 sq ft⃃ 2,100,000Primary · Ready
04/01/2023Vezul Residence3 beds · Apartment1,822 sq ft⃃ 2,081,916Primary · Ready
18/01/2023Vezul Residence3 beds · Apartment1,822 sq ft⃃ 2,070,561Primary · Ready
12/04/2023Vezul Residence3 beds · Apartment1,822 sq ft⃃ 2,043,000Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
20/11/2023Vezul Residence2 beds · Apartment1,488 sq ft⃃ 1,780,000Resale · Ready
16/11/2023Vezul Residence1 bed · Apartment778 sq ft⃃ 1,230,000Resale · Ready
07/11/2023Vezul Residence2 beds · Apartment1,488 sq ft⃃ 1,850,000Resale · Ready
26/10/2023Vezul Residence1 bed · Apartment901 sq ft⃃ 1,202,000Resale · Ready
10/10/2023Vezul Residence2 beds · Apartment1,388 sq ft⃃ 1,850,000Resale · Ready
13/09/2023Vezul Residence2 beds · Apartment1,488 sq ft⃃ 1,800,000Resale · Ready
13/07/2023Vezul Residence1 bed · Apartment778 sq ft⃃ 1,000,111Primary · Ready
23/06/2023Vezul Residence2 beds · Apartment1,430 sq ft⃃ 1,542,300Primary · Ready
31/05/2023Vezul Residence1 bed · Apartment840 sq ft⃃ 1,120,350Primary · Ready
31/05/2023Vezul Residence1 bed · Apartment840 sq ft⃃ 1,120,350Primary · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2023 with the whole of 2022.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/vezul-residence/2023
Vezul Residence Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/vezul-residence/2023

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Vezul Residence in 2023?
68 property sales worth ⃃ 104,698,083 were registered in Vezul Residence in 2023. That is 10.5% lower than 2022.
What was the median property price in Vezul Residence in 2023?
The median sale price was ⃃ 1,444,213 and the median price per square foot ⃃ 1,235 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Vezul Residence were off-plan or from developers?
Developer (primary) sales were 88.2% of the 68 sales and resales 11.8%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/vezul-residence/2023