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Studio · 358 sqftMontrell Serviced Apartments, Al Furjan · 3rd floor · completed 2018

309, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in January 2018, and rented once, from November 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 25 November 2018
Last soldAED 489K18 January 2018
Current rentAED 30K /yr25 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, Montrell Serviced Apartments

What is 309 worth today?

Last sold for AED 488,776 in 2018

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25 Nov 2018RentedNew contract
AED 30,000/yr12 months · AED 84 per sqft
18 Jan 2018Sold by developerOff-plan
AED 488,776AED 1,366 per sqft

Source: Dubai Land Department. Updated 25 November 2018.

Key facts

Type
Studio hotel apartment
Size
358 sqft
Floor
3rd of 7
Parking
P1-30
Developer
Azizi Developments
Completed
2018
Last sold
AED 489K · January 2018
Building
Montrell Serviced Apartments

About 309, Montrell Serviced Apartments

309 is a studio of 358 sqft on the 3rd floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 18 January 2018 for AED 488,776, or AED 1,366 per sqft, in line with the AED 1,358 studios in the building were fetching at the time.

One Ejari contract is registered, from 25 November 2018. The current contract, signed on 25 November 2018, is AED 30,000 a year: a gross yield of 6.1% on the 2018 price.

Sales and rents for 309 over time

Sales
Unit 309, 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, January 2018: AED 488,776 (AED 1,366 per sqft)

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

Rents
Unit 309, 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, November 2018: AED 30,000 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 309 sits

All 167 studios →

309 last sold in January 2018 at AED 1,366 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,358). 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. 309's AED 30,000 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 3rd floor

All 221 units in Montrell Serviced Apartments
Value
3011-bedAED 626K · Apr 2024
302StudioAED 526K · Aug 2018
303StudioAED 383K · Sep 2018
304StudioAED 503K · Mar 2017
3051-bedAED 640K · Jun 2024
3061-bedAED 803K · Apr 2019
307StudioAED 390K · Jan 2024
1–7 of 30

309, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 18 January 2018 for AED 488,776, or AED 1,366 per sqft.
  • Rented since November 2018 on one Ejari contract, at AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2018 price is 6.1%.
  • 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 25 November 2018.

Questions about 309, Montrell Serviced Apartments

What did unit 309 last sell for?

AED 488,776 on 18 January 2018, sold by the developer: AED 1,366 per sqft for 358 sqft. It is the only registered sale of the unit.

What is the rent for unit 309?

AED 30,000 a year on the contract signed on 25 November 2018.

How big is unit 309?

358 sqft (33.3 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 309 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 309, Montrell Serviced Apartments

Starts from the last sale price (AED 489K, 18 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 488,776
Deposit, UAE resident (20%)
AED 97,755
Deposit, non-resident (40%)
AED 195,510
Monthly over 25 years at 3.7%
AED 2,000

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