Home
Dubai prices
About
Research
Studio · 457 sqftMontrell Serviced Apartments, Al Furjan · 3rd floor · completed 2018

312, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in September 2017, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 25 January 2024
Last soldAED 597K28 September 2017
Current rentAED 42K /yr25 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 312

Property timeline for 312, Montrell Serviced Apartments

What is 312 worth today?

Last sold for AED 596,500 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

25 Jan 2024RentedNew contract
AED 41,887/yr12 months · AED 93 per sqft
5 Dec 2020RentedNew contract
AED 24,000/yr12 months · AED 53 per sqft
28 Sep 2017Sold by developerOff-plan
AED 596,500AED 1,304 per sqft

Source: Dubai Land Department. Updated 25 January 2024.

Key facts

Type
Studio hotel apartment
Size
457 sqft
Floor
3rd of 7
Parking
P1-33
Developer
Azizi Developments
Completed
2018
Last sold
AED 597K · September 2017
Building
Montrell Serviced Apartments

About 312, Montrell Serviced Apartments

312 is a studio of 457 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 28 September 2017 for AED 596,500, or AED 1,304 per sqft, 3% below the AED 1,348 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 25 January 2024, is AED 41,887 a year: a gross yield of 7.0% on the 2017 price.

Sales and rents for 312 over time

Sales
Unit 312, each saleTypical studio in Montrell Serviced Apartments
400K600K2016201920222025Typical 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, September 2017: AED 596,500 (AED 1,304 per sqft)

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

Rents
Unit 312, 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, December 2020: AED 24,000 a yearNew contract, January 2024: AED 41,887 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 312 sits

All 167 studios →

312 last sold in September 2017 at AED 1,304 per sqft, 3% below what studios in Montrell Serviced Apartments were fetching at the time (AED 1,348). 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. 312's AED 41,887 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

312, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 28 September 2017 for AED 596,500, or AED 1,304 per sqft.
  • Rented since December 2020 on 2 Ejari contracts, from AED 24,000 to AED 41,887 a year.
  • At AED 41,887 a year the gross yield on the 2017 price is 7.0%.
  • 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 25 January 2024.

Questions about 312, Montrell Serviced Apartments

What did unit 312 last sell for?

AED 596,500 on 28 September 2017, sold by the developer: AED 1,304 per sqft for 457 sqft. It is the only registered sale of the unit.

What is the rent for unit 312?

AED 41,887 a year on the contract signed on 25 January 2024. The previous contract, from December 2020, was AED 24,000.

How big is unit 312?

457 sqft (42.5 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 312 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.

Selling 312? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 312, Montrell Serviced Apartments

Starts from the last sale price (AED 597K, 28 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 596,500
Deposit, UAE resident (20%)
AED 119,300
Deposit, non-resident (40%)
AED 238,600
Monthly over 25 years at 3.7%
AED 2,440

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