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Studio · 387 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

503, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in February 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 20 September 2026
Last soldAED 522K26 February 2017
Current rentAED 42K /yr20 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Montrell Serviced Apartments

What is 503 worth today?

Last sold for AED 521,678 in 2017

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20 Sep 2026RentedNew contract
AED 42,000/yr12 months · AED 109 per sqft
20 Sep 2025RentedNew contract
AED 42,000/yr12 months · AED 108 per sqft
15 Oct 2024RentedNew contract
AED 42,000/yr12 months · AED 108 per sqft
1 Jun 2023RentedNew contract
AED 34,000/yr12 months · AED 88 per sqft
20 Dec 2022RentedRenewal
AED 25,000/yr12 months · AED 65 per sqft
20 Dec 2021RentedNew contract
AED 25,000/yr12 months · AED 65 per sqft
8 Feb 2019RentedNew contract
AED 34,000/yr12 months · AED 88 per sqft
26 Feb 2017Sold by developerOff-plan
AED 521,678AED 1,348 per sqft

Source: Dubai Land Department. Updated 20 September 2026.

Key facts

Type
Studio hotel apartment
Size
387 sqft
Floor
5th of 7
Parking
P1-88
Developer
Azizi Developments
Completed
2018
Last sold
AED 522K · February 2017
Building
Montrell Serviced Apartments

About 503, Montrell Serviced Apartments

503 is a studio of 387 sqft on the 5th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 26 February 2017 for AED 521,678, or AED 1,348 per sqft, in line with the AED 1,352 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 20 September 2026, is AED 42,000 a year: a gross yield of 8.1% on the 2017 price.

Sales and rents for 503 over time

Sales
Unit 503, 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 521,678 (AED 1,348 per sqft)

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

Rents
Unit 503, 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, February 2019: AED 34,000 a yearNew contract, December 2021: AED 25,000 a yearRenewal, December 2022: AED 25,000 a yearNew contract, June 2023: AED 34,000 a yearNew contract, October 2024: AED 42,000 a yearNew contract, September 2025: AED 42,000 a yearNew contract, September 2026: AED 42,000 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 503 sits

All 167 studios →

503 last sold in February 2017 at AED 1,348 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,352). 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. 503's AED 42,000 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 5th floor

All 221 units in Montrell Serviced Apartments
Value
5011-bedAED 613K · May 2024
502StudioAED 540K · May 2017
504StudioAED 400K · Sep 2026
5051-bedNo registered sale
5061-bedAED 646K · Aug 2019
507StudioAED 522K · May 2017
508StudioAED 490K · Mar 2026
1–7 of 31

503, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 26 February 2017 for AED 521,678, or AED 1,348 per sqft.
  • Rented since February 2019 on 7 Ejari contracts. The rent fell from AED 34,000 to AED 25,000 in 2022 and recovered to AED 42,000 by September 2026.
  • At AED 42,000 a year the gross yield on the 2017 price is 8.1%.
  • 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 20 September 2026.

Questions about 503, Montrell Serviced Apartments

What did unit 503 last sell for?

AED 521,678 on 26 February 2017, sold by the developer: AED 1,348 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 42,000 a year on the contract signed on 20 September 2026. The previous contract, from September 2025, was AED 42,000; the unit has been rented since February 2019.

How big is unit 503?

387 sqft (36.0 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.

What is unit 503 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 503, Montrell Serviced Apartments

Starts from the last sale price (AED 522K, 26 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 521,678
Deposit, UAE resident (20%)
AED 104,336
Deposit, non-resident (40%)
AED 208,671
Monthly over 25 years at 3.7%
AED 2,134

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