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1-bed · 683 sqftMontrell Serviced Apartments, Al Furjan · 2nd floor · completed 2018

228, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 228 · DLD and Ejari recordsUpdated 28 November 2023
Last soldAED 860K20 November 2017
Current rentAED 47K /yr28 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 228, Montrell Serviced Apartments

What is 228 worth today?

Last sold for AED 860,000 in 2017

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28 Nov 2023RentedRenewal
AED 46,805/yr12 months · AED 68 per sqft
28 Nov 2022RentedRenewal
AED 42,550/yr12 months · AED 62 per sqft
28 Nov 2021RentedNew contract
AED 37,000/yr12 months · AED 54 per sqft
2 Nov 2020RentedNew contract
AED 35,000/yr13 months · AED 51 per sqft
1 Feb 2019RentedNew contract
AED 50,000/yr12 months · AED 73 per sqft
20 Nov 2017Sold by developerOff-plan
AED 860,000AED 1,258 per sqft

Source: Dubai Land Department. Updated 28 November 2023.

Key facts

Type
1-bed hotel apartment
Size
683 sqft
Floor
2nd of 7
Parking
P1-15
Developer
Azizi Developments
Completed
2018
Last sold
AED 860K · November 2017
Building
Montrell Serviced Apartments

About 228, Montrell Serviced Apartments

228 is a one-bedroom hotel apartment of 683 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 20 November 2017 for AED 860,000, or AED 1,258 per sqft, in line with the AED 1,264 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 28 November 2023, is AED 46,805 a year: a gross yield of 5.4% on the 2017 price.

Sales and rents for 228 over time

Sales
Unit 228, each saleTypical one-bed in Montrell Serviced Apartments
600K800K1M2017202020232026Typical sale price by year: 2017 AED 908,830; 2018 AED 964,979; 2019 AED 688,091; 2020 AED 628,106; 2022 AED 700,000; 2023 AED 618,350; 2024 AED 624,038; 2025 AED 732,500; 2026 AED 680,000Sold by developer, November 2017: AED 860,000 (AED 1,258 per sqft)

228 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 228, each contractTypical one-bed in Montrell Serviced Apartments
40K60K2018202120242027Typical rent by year: 2018 AED 61,000; 2019 AED 56,000; 2020 AED 45,000; 2021 AED 37,000; 2022 AED 42,000; 2023 AED 52,000; 2024 AED 60,000; 2025 AED 60,750; 2026 AED 62,000New contract, February 2019: AED 50,000 a yearNew contract, November 2020: AED 35,000 a yearNew contract, November 2021: AED 37,000 a yearRenewal, November 2022: AED 42,550 a yearRenewal, November 2023: AED 46,805 a year

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

1-beds in Montrell Serviced Apartments, and where 228 sits

All 54 1-beds →

228 last sold in November 2017 at AED 1,258 per sqft, in line with what one-beds in Montrell Serviced Apartments were fetching at the time (AED 1,264). Over the last 12 months one-beds sold for AED 670,000 to 840,000, around AED 995 per sqft, and rent for AED 42,000 to 75,000 a year. 228's AED 46,805 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Jun 2026670,000
21 Apr 2026840,000
5 Feb 2026680,000
29 Aug 2025800,000
3 1-bed 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

228, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 20 November 2017 for AED 860,000, or AED 1,258 per sqft.
  • Rented since February 2019 on 5 Ejari contracts. The rent fell from AED 50,000 to AED 35,000 in 2020 and recovered to AED 46,805 by November 2023.
  • At AED 46,805 a year the gross yield on the 2017 price is 5.4%.
  • One-beds in Montrell Serviced Apartments sold for AED 670,000–840,000 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 28 November 2023.

Questions about 228, Montrell Serviced Apartments

What did unit 228 last sell for?

AED 860,000 on 20 November 2017, sold by the developer: AED 1,258 per sqft for 683 sqft. It is the only registered sale of the unit.

What is the rent for unit 228?

AED 46,805 a year on the contract renewed on 28 November 2023. The previous contract, from November 2022, was AED 42,550; the unit has been rented since February 2019.

How big is unit 228?

683 sqft (63.5 sqm): a one-bedroom hotel apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 228 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Montrell Serviced Apartments sold for AED 670,000 to 840,000 in the last 12 months, around AED 995 per sqft.

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Mortgage on 228, Montrell Serviced Apartments

Starts from the last sale price (AED 860K, 20 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 860,000
Deposit, UAE resident (20%)
AED 172,000
Deposit, non-resident (40%)
AED 344,000
Monthly over 25 years at 3.7%
AED 3,519

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