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Studio · 407 sqftMontrell Serviced Apartments, Al Furjan · 1st floor · completed 2018

108, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in June 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 108 · DLD and Ejari recordsUpdated 23 September 2024
Last soldAED 539K21 June 2017
Current rentAED 32K /yr23 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 108, Montrell Serviced Apartments

What is 108 worth today?

Last sold for AED 539,105 in 2017

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23 Sep 2024RentedRenewal
AED 31,680/yr12 months · AED 77 per sqft
23 Sep 2023RentedRenewal
AED 26,400/yr12 months · AED 65 per sqft
23 Sep 2022RentedNew contract
AED 22,000/yr12 months · AED 54 per sqft
23 Sep 2021RentedRenewal
AED 22,000/yr12 months · AED 54 per sqft
23 Sep 2020RentedNew contract
AED 22,000/yr12 months · AED 54 per sqft
21 Jun 2017Sold by developerOff-plan
AED 539,105AED 1,324 per sqft

Source: Dubai Land Department. Updated 23 September 2024.

Key facts

Type
Studio hotel apartment
Size
407 sqft
Floor
1st of 7
Parking
G-08
Developer
Azizi Developments
Completed
2018
Last sold
AED 539K · June 2017
Building
Montrell Serviced Apartments

About 108, Montrell Serviced Apartments

108 is a studio of 407 sqft on the 1st floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 21 June 2017 for AED 539,105, or AED 1,324 per sqft, in line with the AED 1,344 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 23 September 2024, is AED 31,680 a year: a gross yield of 5.9% on the 2017 price.

Sales and rents for 108 over time

Sales
Unit 108, each saleTypical studio in Montrell Serviced Apartments
400K2016201920222025Typical sale price by year: 2016 AED 501,000; 2017 AED 530,500; 2018 AED 541,274; 2019 AED 466,893; 2020 AED 383,016; 2022 AED 305,000; 2023 AED 365,000; 2024 AED 411,000; 2025 AED 485,000; 2026 AED 435,400Sold by developer, June 2017: AED 539,105 (AED 1,324 per sqft)

108 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 108, each contractTypical studio in Montrell Serviced Apartments
20K30K40K2018202120242027Typical rent by year: 2018 AED 32,000; 2019 AED 30,041; 2020 AED 24,000; 2021 AED 23,800; 2022 AED 28,000; 2023 AED 33,000; 2024 AED 40,000; 2025 AED 43,000; 2026 AED 42,000New contract, September 2020: AED 22,000 a yearRenewal, September 2021: AED 22,000 a yearNew contract, September 2022: AED 22,000 a yearRenewal, September 2023: AED 26,400 a yearRenewal, September 2024: AED 31,680 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Montrell Serviced Apartments, and where 108 sits

All 167 studios →

108 last sold in June 2017 at AED 1,324 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,344). Over the last 12 months studios sold for AED 400,000 to 575,000, around AED 1,165 per sqft, and rent for AED 24,108 to 66,000 a year. 108's AED 31,680 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
28 Sep 2026468,500
6 Sep 2026400,000
31 Mar 2026400,000
31 Mar 2026400,000
11 studio sales in the last 12 months

Montrell Serviced Apartments

Building

221 apartments, studios to 1-bed over 7 floors in Al Furjan, completed in 2018 by Azizi Developments. 14 sold in the last 12 months.

Typical price per sqft
AED 1,111 Down 5.9%
Typical sale
AED 490K
Typical rent
AED 44K /yr
Typical yield
9.3%
Montrell Serviced Apartments, Al Furjan: prices, sales and rents →

Other units on the 1st floor

All 221 units in Montrell Serviced Apartments
Value
1011-bedAED 1.44M · Jul 2024
102StudioAED 410K · May 2024
103StudioAED 636K · Jul 2025
104StudioAED 672K · Nov 2017
1051-bedAED 700K · Aug 2025
1061-bedAED 610K · Jan 2024
107StudioAED 518K · Apr 2017
1–7 of 29

108, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 21 June 2017 for AED 539,105, or AED 1,324 per sqft.
  • Rented since September 2020 on 5 Ejari contracts, from AED 22,000 to AED 31,680 a year.
  • At AED 31,680 a year the gross yield on the 2017 price is 5.9%.
  • Studios in Montrell Serviced Apartments sold for AED 400,000–575,000 in the 12 months to November 2026; the building's median across all types is AED 1,111 per sqft.

Source: Dubai Land Department. Updated 23 September 2024.

Questions about 108, Montrell Serviced Apartments

What did unit 108 last sell for?

AED 539,105 on 21 June 2017, sold by the developer: AED 1,324 per sqft for 407 sqft. It is the only registered sale of the unit.

What is the rent for unit 108?

AED 31,680 a year on the contract renewed on 23 September 2024. The previous contract, from September 2023, was AED 26,400; the unit has been rented since September 2020.

How big is unit 108?

407 sqft (37.8 sqm): a studio on the 1st floor of a 7-storey tower completed in 2018.

What is unit 108 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Montrell Serviced Apartments sold for AED 400,000 to 575,000 in the last 12 months, around AED 1,165 per sqft.

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Mortgage on 108, Montrell Serviced Apartments

Starts from the last sale price (AED 539K, 21 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 539,105
Deposit, UAE resident (20%)
AED 107,821
Deposit, non-resident (40%)
AED 215,642
Monthly over 25 years at 3.7%
AED 2,206

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