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Studio · 333 sqftMontrell Serviced Apartments, Al Furjan · 2nd floor · completed 2018

223, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in February 2017, and rented once, from December 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 223 · DLD and Ejari recordsUpdated 4 December 2023
Last soldAED 445K6 February 2017
Current rentAED 36K /yr4 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 223, Montrell Serviced Apartments

What is 223 worth today?

Last sold for AED 445,000 in 2017

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4 Dec 2023RentedNew contract
AED 36,000/yr12 months · AED 108 per sqft
6 Feb 2017Sold by developerOff-plan
AED 445,000AED 1,337 per sqft

Source: Dubai Land Department. Updated 4 December 2023.

Key facts

Type
Studio hotel apartment
Size
333 sqft
Floor
2nd of 7
Parking
P1-11
Developer
Azizi Developments
Completed
2018
Last sold
AED 445K · February 2017
Building
Montrell Serviced Apartments

About 223, Montrell Serviced Apartments

223 is a studio of 333 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 6 February 2017 for AED 445,000, or AED 1,337 per sqft, in line with the AED 1,348 studios in the building were fetching at the time.

One Ejari contract is registered, from 4 December 2023. The current contract, signed on 4 December 2023, is AED 36,000 a year: a gross yield of 8.1% on the 2017 price.

Sales and rents for 223 over time

Sales
Unit 223, 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 2017: AED 445,000 (AED 1,337 per sqft)

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

Rents
Unit 223, 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, December 2023: AED 36,000 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 223 sits

All 167 studios →

223 last sold in February 2017 at AED 1,337 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,348). 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. 223's AED 36,000 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 2nd floor

All 221 units in Montrell Serviced Apartments
Value
2011-bedAED 626K · Apr 2024
202StudioAED 475K · Jun 2025
203StudioAED 462K · Oct 2018
204StudioAED 514K · Jan 2017
2051-bedAED 670K · Jun 2026
2061-bedAED 650K · Jul 2024
207StudioAED 480K · Jun 2025
1–7 of 31

223, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 6 February 2017 for AED 445,000, or AED 1,337 per sqft.
  • Rented since December 2023 on one Ejari contract, at AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2017 price is 8.1%.
  • 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 4 December 2023.

Questions about 223, Montrell Serviced Apartments

What did unit 223 last sell for?

AED 445,000 on 6 February 2017, sold by the developer: AED 1,337 per sqft for 333 sqft. It is the only registered sale of the unit.

What is the rent for unit 223?

AED 36,000 a year on the contract signed on 4 December 2023.

How big is unit 223?

333 sqft (30.9 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 223 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 223, Montrell Serviced Apartments

Starts from the last sale price (AED 445K, 6 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 445,000
Deposit, UAE resident (20%)
AED 89,000
Deposit, non-resident (40%)
AED 178,000
Monthly over 25 years at 3.7%
AED 1,821

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