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Studio · 394 sqftMontrell Serviced Apartments, Al Furjan · 2nd floor · completed 2018

231, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in May 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 231 · DLD and Ejari recordsUpdated 7 May 2017
Last soldAED 500K7 May 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 231, Montrell Serviced Apartments

What is 231 worth today?

Last sold for AED 500,000 in 2017

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7 May 2017Sold by developerOff-plan
AED 500,000AED 1,269 per sqft

Source: Dubai Land Department. Updated 7 May 2017.

Key facts

Type
Studio hotel apartment
Size
394 sqft
Floor
2nd of 7
Parking
P1-18
Developer
Azizi Developments
Completed
2018
Last sold
AED 500K · May 2017
Building
Montrell Serviced Apartments

About 231, Montrell Serviced Apartments

231 is a studio of 394 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 7 May 2017 for AED 500,000, or AED 1,269 per sqft, 6% below the AED 1,346 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 231 over time

Sales
Unit 231, 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, May 2017: AED 500,000 (AED 1,269 per sqft)

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

Rents
Unit 231, 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 42,000

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 231 sits

All 167 studios →

231 last sold in May 2017 at AED 1,269 per sqft, 6% below what studios in Montrell Serviced Apartments were fetching at the time (AED 1,346). 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.

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

231, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 7 May 2017 for AED 500,000, or AED 1,269 per sqft.
  • 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 May 2017.

Questions about 231, Montrell Serviced Apartments

What did unit 231 last sell for?

AED 500,000 on 7 May 2017, sold by the developer: AED 1,269 per sqft for 394 sqft. It is the only registered sale of the unit.

How big is unit 231?

394 sqft (36.6 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 231 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 231, Montrell Serviced Apartments

Starts from the last sale price (AED 500K, 7 May 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 →