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Studio · 411 sqftMontrell Serviced Apartments, Al Furjan · 1st floor · completed 2018

119, Montrell Serviced Apartments

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 119 · DLD and Ejari recordsUpdated 7 August 2023
Last soldAED 299K7 August 2023
Current rentAED 31K /yr25 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 119, Montrell Serviced Apartments

What is 119 worth today?

Last sold for AED 298,600 in 2023

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7 Aug 2023SoldReady
AED 298,600AED 726 per sqft
25 Mar 2023RentedNew contract
AED 31,000/yr12 months · AED 76 per sqft
1 Apr 2022RentedRenewal
AED 27,500/yr12 months · AED 67 per sqft
1 Apr 2021RentedRenewal
AED 25,000/yr12 months · AED 61 per sqft
1 Apr 2020RentedRenewal
AED 30,000/yr12 months · AED 73 per sqft
1 Apr 2019RentedNew contract
AED 32,000/yr12 months · AED 78 per sqft
10 Feb 2019Sold by developerReady
AED 467,400AED 1,137 per sqft

Source: Dubai Land Department. Updated 7 August 2023.

Key facts

Type
Studio hotel apartment
Size
411 sqft
Floor
1st of 7
Parking
G-27
Developer
Azizi Developments
Completed
2018
Last sold
AED 299K · August 2023
Building
Montrell Serviced Apartments

About 119, Montrell Serviced Apartments

119 is a studio of 411 sqft on the 1st floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. It last sold on 7 August 2023 for AED 298,600, or AED 726 per sqft, 15% below the AED 857 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 25 March 2023, is AED 31,000 a year: a gross yield of 10.4% on the 2023 price.

Sales and rents for 119 over time

Sales
Unit 119, 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, February 2019: AED 467,400 (AED 1,137 per sqft)Sold, August 2023: AED 298,600 (AED 726 per sqft)

119 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 119, 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, April 2019: AED 32,000 a yearRenewal, April 2020: AED 30,000 a yearRenewal, April 2021: AED 25,000 a yearRenewal, April 2022: AED 27,500 a yearNew contract, March 2023: AED 31,000 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 119 sits

All 167 studios →

119 last sold in August 2023 at AED 726 per sqft, 15% below what studios in Montrell Serviced Apartments were fetching at the time (AED 857). 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. 119's AED 31,000 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

119, Montrell Serviced Apartments in numbers

  • Sold twice: first on 10 February 2019 for AED 467,400, last on 7 August 2023 for AED 298,600 (AED 726 per sqft).
  • Rented since April 2019 on 5 Ejari contracts. The rent fell from AED 32,000 to AED 25,000 in 2021 and recovered to AED 31,000 by March 2023.
  • At AED 31,000 a year the gross yield on the 2023 price is 10.4%.
  • 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 7 August 2023.

Questions about 119, Montrell Serviced Apartments

What did unit 119 last sell for?

AED 298,600 on 7 August 2023: AED 726 per sqft for 411 sqft. The unit has 2 registered sales; the first was AED 467,400 in February 2019.

What is the rent for unit 119?

AED 31,000 a year on the contract signed on 25 March 2023. The previous contract, from April 2022, was AED 27,500; the unit has been rented since April 2019.

How big is unit 119?

411 sqft (38.2 sqm): a studio on the 1st floor of a 7-storey tower completed in 2018.

What is unit 119 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 119, Montrell Serviced Apartments

Starts from the last sale price (AED 299K, 7 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 298,600
Deposit, UAE resident (20%)
AED 59,720
Deposit, non-resident (40%)
AED 119,440
Monthly over 25 years at 3.7%
AED 1,222

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