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Studio · 333 sqftMontrell Serviced Apartments, Al Furjan · 3rd floor · completed 2018

323, Montrell Serviced Apartments

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

Unit 323 · DLD and Ejari recordsUpdated 15 December 2022
Last soldAED 452K2 February 2017
Current rentAED 30K /yr15 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 323, Montrell Serviced Apartments

What is 323 worth today?

Last sold for AED 451,871 in 2017

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15 Dec 2022RentedNew contract
AED 30,000/yr12 months · AED 90 per sqft
10 Dec 2021RentedNew contract
AED 28,000/yr12 months · AED 84 per sqft
15 Nov 2020RentedNew contract
AED 20,000/yr12 months · AED 60 per sqft
2 Feb 2017Sold by developerOff-plan
AED 451,871AED 1,358 per sqft

Source: Dubai Land Department. Updated 15 December 2022.

Key facts

Type
Studio hotel apartment
Size
333 sqft
Floor
3rd of 7
Parking
P1-46
Developer
Azizi Developments
Completed
2018
Last sold
AED 452K · February 2017
Building
Montrell Serviced Apartments

About 323, Montrell Serviced Apartments

323 is a studio of 333 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 2 February 2017 for AED 451,871, or AED 1,358 per sqft, in line with the AED 1,358 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 15 December 2022, is AED 30,000 a year: a gross yield of 6.6% on the 2017 price.

Sales and rents for 323 over time

Sales
Unit 323, 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, February 2017: AED 451,871 (AED 1,358 per sqft)

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

Rents
Unit 323, each contractTypical studio in Montrell Serviced Apartments
20K40K2018202120242027Typical 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 2020: AED 20,000 a yearNew contract, December 2021: AED 28,000 a yearNew contract, December 2022: 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 323 sits

All 167 studios →

323 last sold in February 2017 at AED 1,358 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. 323'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

323, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 2 February 2017 for AED 451,871, or AED 1,358 per sqft.
  • Rented since November 2020 on 3 Ejari contracts, from AED 20,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2017 price is 6.6%.
  • 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 15 December 2022.

Questions about 323, Montrell Serviced Apartments

What did unit 323 last sell for?

AED 451,871 on 2 February 2017, sold by the developer: AED 1,358 per sqft for 333 sqft. It is the only registered sale of the unit.

What is the rent for unit 323?

AED 30,000 a year on the contract signed on 15 December 2022. The previous contract, from December 2021, was AED 28,000; the unit has been rented since November 2020.

How big is unit 323?

333 sqft (30.9 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 323 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 323, Montrell Serviced Apartments

Starts from the last sale price (AED 452K, 2 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 451,871
Deposit, UAE resident (20%)
AED 90,374
Deposit, non-resident (40%)
AED 180,748
Monthly over 25 years at 3.7%
AED 1,849

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