316, Montrell Serviced Apartments
Sold prices and rental history: sold twice, last in January 2024, 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 316, Montrell Serviced Apartments
What is 316 worth today?
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Source: Dubai Land Department. Updated 1 April 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 392 sqft
- Floor
- 3rd of 7
- Parking
- P1-37
- Developer
- Azizi Developments
- Completed
- 2018
- Last sold
- AED 375K · January 2024
- Building
- Montrell Serviced Apartments
About 316, Montrell Serviced Apartments
316 is a studio of 392 sqft on the 3rd floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. It last sold on 10 January 2024 for AED 375,000, or AED 957 per sqft, 4% below the AED 995 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 April 2024, is AED 40,000 a year: a gross yield of 10.7% on the 2024 price.
Sales and rents for 316 over time
316 has sold twice; 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 316 sits
All 167 studios →316 last sold in January 2024 at AED 957 per sqft, 4% below what studios in Montrell Serviced Apartments were fetching at the time (AED 995). 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. 316'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 3rd floor
All 221 units in Montrell Serviced Apartments| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 849 sqft | AED 626KAED 626,422 · Apr 2024April 2024 | 60,000 /yr | |
| 302 | Studio | 394 sqft | AED 526KAED 526,108 · Aug 2018August 2018 | 40,000 /yr | |
| 303 | Studio | 387 sqft | AED 383KAED 382,531 · Sep 2018September 2018 | 38,000 /yr | |
| 304 | Studio | 390 sqft | AED 503KAED 503,361 · Mar 2017March 2017 | 54,000 /yr | |
| 305 | 1-bed | 683 sqft | AED 640KAED 640,000 · Jun 2024June 2024 | 60,000 /yr | |
| 306 | 1-bed | 741 sqft | AED 803KAED 802,760 · Apr 2019April 2019 | 62,000 /yr | |
| 307 | Studio | 383 sqft | AED 390KAED 390,000 · Jan 2024January 2024 | 48,000 /yr | |
| 308 | Studio | 367 sqft | AED 492KAED 492,078 · Jun 2017June 2017 | 36,750 /yr | |
| 309 | Studio | 358 sqft | AED 489KAED 488,776 · Jan 2018January 2018 | 30,000 /yr | |
| 310 | Studio | 363 sqft | AED 499KAED 498,520 · May 2018May 2018 | 50,000 /yr | |
| 311 | Studio | 429 sqft | AED 566KAED 565,650 · Mar 2018March 2018 | 44,200 /yr | |
| 312 | Studio | 457 sqft | AED 597KAED 596,500 · Sep 2017September 2017 | 41,887 /yr | |
| 313 | Studio | 458 sqft | AED 597KAED 596,500 · Sep 2017September 2017 | 45,000 /yr | |
| 314 | Studio | 488 sqft | AED 400KAED 400,000 · Feb 2024February 2024 | 44,000 /yr | |
| 315 | 1-bed | 767 sqft | AED 621KAED 621,479 · Apr 2024April 2024 | 53,000 /yr | |
| 317 | Studio | 392 sqft | AED 530KAED 530,000 · Oct 2025October 2025 | 45,121 /yr | |
| 318 | 1-bed | 767 sqft | AED 582KAED 581,880 · Jun 2023June 2023 | 38,000 /yr | |
| 319 | Studio | 408 sqft | AED 544KAED 544,057 · May 2017May 2017 | 45,000 /yr | |
| 320 | Studio | 409 sqft | AED 400KAED 400,000 · Mar 2026March 2026 | 37,000 /yr | |
| 321 | Studio | 408 sqft | AED 400KAED 400,000 · Mar 2026March 2026 | 37,000 /yr | |
| 322 | Studio | 380 sqft | AED 480KAED 480,000 · Jun 2025June 2025 | 45,000 /yr | |
| 323 | Studio | 333 sqft | AED 452KAED 451,871 · Feb 2017February 2017 | 30,000 /yr | |
| 324 | Studio | 365 sqft | AED 510KAED 510,000 · May 2025May 2025 | 48,000 /yr | |
| 325 | Studio | 367 sqft | AED 492KAED 492,078 · May 2017May 2017 | 35,280 /yr | |
| 326 | Studio | 383 sqft | AED 450KAED 450,000 · Jul 2025July 2025 | 40,000 /yr | |
| 327 | 1-bed | 741 sqft | AED 909KAED 908,830 · May 2017May 2017 | 62,000 /yr | |
| 328 | 1-bed | 683 sqft | AED 868KAED 868,000 · Aug 2017August 2017 | 65,000 /yr | |
| 330 | Studio | 387 sqft | AED 507KAED 507,425 · Mar 2017March 2017 | 45,000 /yr | |
| 331 | Studio | 394 sqft | AED 512KAED 511,836 · Apr 2017April 2017 | 38,000 /yr | |
| 332 | 1-bed | 849 sqft | AED 800KAED 800,000 · Aug 2025August 2025 |
316, Montrell Serviced Apartments in numbers
- Sold twice: first on 28 June 2017 for AED 506,018, last on 10 January 2024 for AED 375,000 (AED 957 per sqft).
- Rented since November 2018 on 4 Ejari contracts. The rent fell from AED 34,000 to AED 22,000 in 2021 and recovered to AED 40,000 by April 2024.
- At AED 40,000 a year the gross yield on the 2024 price is 10.7%.
- 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 1 April 2024.
Questions about 316, Montrell Serviced Apartments
What did unit 316 last sell for?
AED 375,000 on 10 January 2024: AED 957 per sqft for 392 sqft. The unit has 2 registered sales; the first was AED 506,018 in June 2017.
What is the rent for unit 316?
AED 40,000 a year on the contract signed on 1 April 2024. The previous contract, from March 2023, was AED 37,000; the unit has been rented since November 2018.
How big is unit 316?
392 sqft (36.4 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2018.
What is unit 316 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 316, Montrell Serviced Apartments
Starts from the last sale price (AED 375K, 10 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 375,000
- Deposit, UAE resident (20%)
- AED 75,000
- Deposit, non-resident (40%)
- AED 150,000
- Monthly over 25 years at 3.7%
- AED 1,534
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →