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1-bed · 849 sqftMontrell Serviced Apartments, Al Furjan · 2nd floor · completed 2018

232, Montrell Serviced Apartments

Sold prices and rental history: sold twice, last in April 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 232 · DLD and Ejari recordsUpdated 15 April 2024
Last soldAED 626K15 April 2024
Current rentAED 68K /yr1 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 232, Montrell Serviced Apartments

What is 232 worth today?

Last sold for AED 626,422 in 2024

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15 Apr 2024SoldReady
AED 626,422AED 737 per sqft
1 Jul 2020RentedNew contract
AED 68,000/yr12 months · AED 80 per sqft
1 May 2019RentedNew contract
AED 68,000/yr12 months · AED 80 per sqft
24 Feb 2019Sold by developerReady
AED 688,091AED 810 per sqft
1 May 2018RentedNew contract
AED 68,000/yr12 months · AED 80 per sqft

Source: Dubai Land Department. Updated 15 April 2024.

Key facts

Type
1-bed hotel apartment
Size
849 sqft
Floor
2nd of 7
Parking
P1-19
Developer
Azizi Developments
Completed
2018
Last sold
AED 626K · April 2024
Building
Montrell Serviced Apartments

About 232, Montrell Serviced Apartments

232 is a one-bedroom hotel apartment of 849 sqft on the 2nd floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. It last sold on 15 April 2024 for AED 626,422, or AED 737 per sqft, 5% below the AED 774 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 July 2020, is AED 68,000 a year: a gross yield of 10.9% on the 2024 price.

Sales and rents for 232 over time

Sales
Unit 232, 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, February 2019: AED 688,091 (AED 810 per sqft)Sold, April 2024: AED 626,422 (AED 737 per sqft)

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

Rents
Unit 232, 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, May 2018: AED 68,000 a yearNew contract, May 2019: AED 68,000 a yearNew contract, July 2020: AED 68,000 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 232 sits

All 54 1-beds →

232 last sold in April 2024 at AED 737 per sqft, 5% below what one-beds in Montrell Serviced Apartments were fetching at the time (AED 774). 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. 232's AED 68,000 is in the upper 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

232, Montrell Serviced Apartments in numbers

  • Sold twice: first on 24 February 2019 for AED 688,091, last on 15 April 2024 for AED 626,422 (AED 737 per sqft).
  • Rented since May 2018 on 3 Ejari contracts, at AED 68,000 a year.
  • At AED 68,000 a year the gross yield on the 2024 price is 10.9%.
  • 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 15 April 2024.

Questions about 232, Montrell Serviced Apartments

What did unit 232 last sell for?

AED 626,422 on 15 April 2024: AED 737 per sqft for 849 sqft. The unit has 2 registered sales; the first was AED 688,091 in February 2019.

What is the rent for unit 232?

AED 68,000 a year on the contract signed on 1 July 2020. The previous contract, from May 2019, was AED 68,000; the unit has been rented since May 2018.

How big is unit 232?

849 sqft (78.9 sqm): a one-bedroom hotel apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 232 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 232, Montrell Serviced Apartments

Starts from the last sale price (AED 626K, 15 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 626,422
Deposit, UAE resident (20%)
AED 125,284
Deposit, non-resident (40%)
AED 250,569
Monthly over 25 years at 3.7%
AED 2,563

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