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Studio · 419 sqftMontrell Serviced Apartments, Al Furjan · 1st floor · completed 2018

116, Montrell Serviced Apartments

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

Unit 116 · DLD and Ejari recordsUpdated 9 April 2019
Last soldAED 467K9 April 2019
Current rentAED 30K /yr15 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Montrell Serviced Apartments

What is 116 worth today?

Last sold for AED 466,893 in 2019

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9 Apr 2019Sold by developerReady
AED 466,893AED 1,114 per sqft
15 Jan 2019RentedNew contract
AED 30,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 9 April 2019.

Key facts

Type
Studio hotel apartment
Size
419 sqft
Floor
1st of 7
Parking
G-25
Developer
Azizi Developments
Completed
2018
Last sold
AED 467K · April 2019
Building
Montrell Serviced Apartments

About 116, Montrell Serviced Apartments

116 is a studio of 419 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 9 April 2019 for AED 466,893, or AED 1,114 per sqft, in line with the AED 1,137 studios in the building were fetching at the time.

One Ejari contract is registered, from 15 January 2019. The current contract, signed on 15 January 2019, is AED 30,000 a year: a gross yield of 6.4% on the 2019 price.

Sales and rents for 116 over time

Sales
Unit 116, 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, April 2019: AED 466,893 (AED 1,114 per sqft)

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

Rents
Unit 116, each contractTypical studio in Montrell Serviced Apartments
30K40K2018202120242027Typical 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, January 2019: AED 30,000 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 116 sits

All 167 studios →

116 last sold in April 2019 at AED 1,114 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,137). 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. 116's AED 30,000 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

116, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 9 April 2019 for AED 466,893, or AED 1,114 per sqft.
  • Rented since January 2019 on one Ejari contract, at AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2019 price is 6.4%.
  • 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 9 April 2019.

Questions about 116, Montrell Serviced Apartments

What did unit 116 last sell for?

AED 466,893 on 9 April 2019, sold by the developer: AED 1,114 per sqft for 419 sqft. It is the only registered sale of the unit.

What is the rent for unit 116?

AED 30,000 a year on the contract signed on 15 January 2019.

How big is unit 116?

419 sqft (38.9 sqm): a studio on the 1st floor of a 7-storey tower completed in 2018.

What is unit 116 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 116, Montrell Serviced Apartments

Starts from the last sale price (AED 467K, 9 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 466,893
Deposit, UAE resident (20%)
AED 93,379
Deposit, non-resident (40%)
AED 186,757
Monthly over 25 years at 3.7%
AED 1,910

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