203, Montrell Serviced Apartments
Sold prices and rental history: sold once, by the developer in October 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 203, Montrell Serviced Apartments
What is 203 worth today?
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Source: Dubai Land Department. Updated 10 August 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 387 sqft
- Floor
- 2nd of 7
- Parking
- G-56
- Developer
- Azizi Developments
- Completed
- 2018
- Last sold
- AED 462K · October 2018
- Building
- Montrell Serviced Apartments
About 203, Montrell Serviced Apartments
203 is a studio of 387 sqft on the 2nd floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 29 October 2018 for AED 461,639, or AED 1,192 per sqft, 12% below the AED 1,362 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 10 August 2024, is AED 40,000 a year: a gross yield of 8.7% on the 2018 price.
Sales and rents for 203 over time
203 has sold once; the dashed line is the studio median of each year in the building.
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 203 sits
All 167 studios →203 last sold in October 2018 at AED 1,192 per sqft, 12% below what studios in Montrell Serviced Apartments were fetching at the time (AED 1,362). 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. 203's AED 40,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Sep 202628 September 2026 | 367 sqft | 468,500 | 1,274 | ||
| 6 Sep 20266 September 2026 | 390 sqft | 400,000 | 1,026 | ||
| 31 Mar 202631 March 2026 | 409 sqft | 400,000 | 977 | ||
| 31 Mar 202631 March 2026 | 408 sqft | 400,000 | 980 |
Montrell Serviced Apartments
Building221 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%
Other units on the 2nd floor
All 221 units in Montrell Serviced Apartments| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 849 sqft | AED 626KAED 626,422 · Apr 2024April 2024 | 62,000 /yr | |
| 202 | Studio | 394 sqft | AED 475KAED 475,000 · Jun 2025June 2025 | 48,000 /yr | |
| 204 | Studio | 390 sqft | AED 514KAED 514,070 · Jan 2017January 2017 | ||
| 205 | 1-bed | 683 sqft | AED 670KAED 670,000 · Jun 2026June 2026 | 60,000 /yr | |
| 206 | 1-bed | 741 sqft | AED 650KAED 650,000 · Jul 2024July 2024 | 60,000 /yr | |
| 207 | Studio | 383 sqft | AED 480KAED 480,000 · Jun 2025June 2025 | 40,000 /yr | |
| 208 | Studio | 367 sqft | AED 380KAED 380,000 · Dec 2023December 2023 | 40,000 /yr | |
| 209 | Studio | 358 sqft | AED 290KAED 289,640 · Feb 2019February 2019 | 35,000 /yr | |
| 210 | Studio | 363 sqft | AED 363KAED 362,532 · Dec 2020December 2020 | 34,000 /yr | |
| 211 | Studio | 429 sqft | AED 460KAED 460,000 · May 2025May 2025 | 35,700 /yr | |
| 212 | Studio | 457 sqft | AED 450KAED 450,000 · Sep 2024September 2024 | 41,000 /yr | |
| 213 | Studio | 458 sqft | AED 400KAED 400,000 · Feb 2024February 2024 | 50,000 /yr | |
| 214 | Studio | 488 sqft | AED 412KAED 412,000 · Oct 2024October 2024 | 48,000 /yr | |
| 215 | 1-bed | 767 sqft | AED 581KAED 581,100 · Apr 2024April 2024 | 36,000 /yr | |
| 216 | Studio | 392 sqft | AED 499KAED 499,000 · Oct 2025October 2025 | 55,200 /yr | |
| 217 | Studio | 392 sqft | AED 510KAED 509,634 · May 2017May 2017 | 45,000 /yr | |
| 218 | 1-bed | 767 sqft | AED 740KAED 740,000 · Jul 2025July 2025 | 62,000 /yr | |
| 219 | Studio | 408 sqft | AED 555KAED 555,360 · Jan 2018January 2018 | 48,000 /yr | |
| 220 | Studio | 409 sqft | AED 562KAED 562,297 · Jun 2017June 2017 | 34,650 /yr | |
| 221 | Studio | 408 sqft | AED 422KAED 422,019 · Apr 2023April 2023 | 40,000 /yr | |
| 222 | Studio | 380 sqft | AED 502KAED 502,000 · Dec 2016December 2016 | 52,800 /yr | |
| 223 | Studio | 333 sqft | AED 445KAED 445,000 · Feb 2017February 2017 | 36,000 /yr | |
| 224 | Studio | 365 sqft | AED 410KAED 409,500 · Jun 2019June 2019 | ||
| 225 | Studio | 367 sqft | AED 490KAED 490,000 · Jan 2017January 2017 | 40,000 /yr | |
| 226 | Studio | 383 sqft | AED 530KAED 530,000 · May 2017May 2017 | 32,000 /yr | |
| 227 | 1-bed | 741 sqft | AED 909KAED 908,830 · May 2017May 2017 | 50,000 /yr | |
| 228 | 1-bed | 683 sqft | AED 860KAED 860,000 · Nov 2017November 2017 | 46,805 /yr | |
| 229 | Studio | 390 sqft | AED 528KAED 528,000 · Jun 2019June 2019 | 38,000 /yr | |
| 230 | Studio | 387 sqft | AED 500KAED 500,000 · Feb 2017February 2017 | 40,000 /yr | |
| 231 | Studio | 394 sqft | AED 500KAED 500,000 · May 2017May 2017 | ||
| 232 | 1-bed | 849 sqft | AED 626KAED 626,422 · Apr 2024April 2024 | 68,000 /yr |
203, Montrell Serviced Apartments in numbers
- Sold once: by Azizi Developments on 29 October 2018 for AED 461,639, or AED 1,192 per sqft.
- Rented since January 2019 on 6 Ejari contracts. The rent fell from AED 32,000 to AED 23,000 in 2021 and recovered to AED 40,000 by August 2024.
- At AED 40,000 a year the gross yield on the 2018 price is 8.7%.
- 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 10 August 2024.
Questions about 203, Montrell Serviced Apartments
What did unit 203 last sell for?
AED 461,639 on 29 October 2018, sold by the developer: AED 1,192 per sqft for 387 sqft. It is the only registered sale of the unit.
What is the rent for unit 203?
AED 40,000 a year on the contract signed on 10 August 2024. The previous contract, from June 2023, was AED 33,000; the unit has been rented since January 2019.
How big is unit 203?
387 sqft (36.0 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2018.
What is unit 203 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 203, Montrell Serviced Apartments
Starts from the last sale price (AED 462K, 29 October 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 461,639
- Deposit, UAE resident (20%)
- AED 92,328
- Deposit, non-resident (40%)
- AED 184,656
- Monthly over 25 years at 3.7%
- AED 1,889
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →