230, Montrell Serviced Apartments
Sold prices and rental history: sold once, by the developer in February 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 230, Montrell Serviced Apartments
What is 230 worth today?
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Source: Dubai Land Department. Updated 15 November 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 387 sqft
- Floor
- 2nd of 7
- Parking
- P1-17
- Developer
- Azizi Developments
- Completed
- 2018
- Last sold
- AED 500K · February 2017
- Building
- Montrell Serviced Apartments
About 230, Montrell Serviced Apartments
230 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 12 February 2017 for AED 500,000, or AED 1,292 per sqft, 3% below the AED 1,337 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 15 November 2024, is AED 40,000 a year: a gross yield of 8.0% on the 2017 price.
Sales and rents for 230 over time
230 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 230 sits
All 167 studios →230 last sold in February 2017 at AED 1,292 per sqft, 3% below what studios in Montrell Serviced Apartments were fetching at the time (AED 1,337). 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. 230'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 | |
| 203 | Studio | 387 sqft | AED 462KAED 461,639 · Oct 2018October 2018 | 40,000 /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 | |
| 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 |
230, Montrell Serviced Apartments in numbers
- Sold once: by Azizi Developments on 12 February 2017 for AED 500,000, or AED 1,292 per sqft.
- Rented since November 2018 on 7 Ejari contracts. The rent fell from AED 36,000 to AED 23,000 in 2021 and recovered to AED 40,000 by November 2024.
- At AED 40,000 a year the gross yield on the 2017 price is 8.0%.
- 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 15 November 2024.
Questions about 230, Montrell Serviced Apartments
What did unit 230 last sell for?
AED 500,000 on 12 February 2017, sold by the developer: AED 1,292 per sqft for 387 sqft. It is the only registered sale of the unit.
What is the rent for unit 230?
AED 40,000 a year on the contract signed on 15 November 2024. The previous contract, from November 2023, was AED 33,000; the unit has been rented since November 2018.
How big is unit 230?
387 sqft (36.0 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2018.
What is unit 230 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 230, Montrell Serviced Apartments
Starts from the last sale price (AED 500K, 12 February 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →