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Studio · 365 sqftMontrell Serviced Apartments, Al Furjan · 3rd floor · completed 2018

324, Montrell Serviced Apartments

Sold prices and rental history: sold 3 times, last in May 2025, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 324 · DLD and Ejari recordsUpdated 27 May 2025
Last soldAED 510K27 May 2025
Current rentAED 48K /yr12 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 324, Montrell Serviced Apartments

What is 324 worth today?

Last sold for AED 510,000 in 2025

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27 May 2025SoldReady
AED 510,000AED 1,395 per sqft
12 Oct 2024RentedNew contract
AED 48,000/yr12 months · AED 131 per sqft
4 Oct 2024SoldReady
AED 430,000AED 1,176 per sqft
9 Jun 2023Sold by developerReady
AED 417,150AED 1,141 per sqft

Source: Dubai Land Department. Updated 27 May 2025.

Key facts

Type
Studio hotel apartment
Size
365 sqft
Floor
3rd of 7
Parking
P1-47
Developer
Azizi Developments
Completed
2018
Last sold
AED 510K · May 2025
Building
Montrell Serviced Apartments

About 324, Montrell Serviced Apartments

324 is a studio of 365 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 27 May 2025 for AED 510,000, or AED 1,395 per sqft, 27% above the AED 1,095 studios in the building were fetching at the time.

One Ejari contract is registered, from 12 October 2024. The current contract, signed on 12 October 2024, is AED 48,000 a year: a gross yield of 9.4% on the 2025 price.

Sales and rents for 324 over time

Sales
Unit 324, 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, June 2023: AED 417,150 (AED 1,141 per sqft)Sold, October 2024: AED 430,000 (AED 1,176 per sqft)Sold, May 2025: AED 510,000 (AED 1,395 per sqft)

324 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 324, 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, October 2024: AED 48,000 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 324 sits

All 167 studios →

324 last sold in May 2025 at AED 1,395 per sqft, 27% above what studios in Montrell Serviced Apartments were fetching at the time (AED 1,095). 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. 324's AED 48,000 is in the upper 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

324, Montrell Serviced Apartments in numbers

  • Sold 3 times: first on 9 June 2023 for AED 417,150, last on 27 May 2025 for AED 510,000 (AED 1,395 per sqft).
  • Rented since October 2024 on one Ejari contract, at AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2025 price is 9.4%.
  • 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 27 May 2025.

Questions about 324, Montrell Serviced Apartments

What did unit 324 last sell for?

AED 510,000 on 27 May 2025: AED 1,395 per sqft for 365 sqft. The unit has 3 registered sales; the first was AED 417,150 in June 2023.

What is the rent for unit 324?

AED 48,000 a year on the contract signed on 12 October 2024.

How big is unit 324?

365 sqft (33.9 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 324 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 324, Montrell Serviced Apartments

Starts from the last sale price (AED 510K, 27 May 2025). Switch to today's estimate once you have unlocked it.
Price
AED 510,000
Deposit, UAE resident (20%)
AED 102,000
Deposit, non-resident (40%)
AED 204,000
Monthly over 25 years at 3.7%
AED 2,087

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