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Studio · 488 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

514, Montrell Serviced Apartments

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

Unit 514 · DLD and Ejari recordsUpdated 25 September 2023
Last soldAED 656K27 September 2017
Current rentAED 38K /yr25 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 514, Montrell Serviced Apartments

What is 514 worth today?

Last sold for AED 656,453 in 2017

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25 Sep 2023RentedNew contract
AED 38,000/yr12 months · AED 78 per sqft
15 Sep 2022RentedNew contract
AED 27,000/yr12 months · AED 56 per sqft
4 Aug 2020RentedRenewal
AED 25,000/yr13 months · AED 52 per sqft
4 Aug 2019RentedNew contract
AED 30,000/yr12 months · AED 62 per sqft
27 Sep 2017Sold by developerOff-plan
AED 656,453AED 1,343 per sqft

Source: Dubai Land Department. Updated 25 September 2023.

Key facts

Type
Studio hotel apartment
Size
488 sqft
Floor
5th of 7
Parking
P2-9
Developer
Azizi Developments
Completed
2018
Last sold
AED 656K · September 2017
Building
Montrell Serviced Apartments

About 514, Montrell Serviced Apartments

514 is a studio of 488 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 27 September 2017 for AED 656,453, or AED 1,343 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 4 Ejari contracts. The current contract, signed on 25 September 2023, is AED 38,000 a year: a gross yield of 5.8% on the 2017 price.

Sales and rents for 514 over time

Sales
Unit 514, 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 656,453 (AED 1,343 per sqft)

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

Rents
Unit 514, 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, August 2019: AED 30,000 a yearRenewal, August 2020: AED 25,000 a yearNew contract, September 2022: AED 27,000 a yearNew contract, September 2023: AED 38,000 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 514 sits

All 167 studios →

514 last sold in September 2017 at AED 1,343 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. 514's AED 38,000 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
503StudioAED 522K · Feb 2017
504StudioAED 400K · Sep 2026
5051-bedNo registered sale
5061-bedAED 646K · Aug 2019
507StudioAED 522K · May 2017
1–7 of 31

514, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 27 September 2017 for AED 656,453, or AED 1,343 per sqft.
  • Rented since August 2019 on 4 Ejari contracts. The rent fell from AED 30,000 to AED 25,000 in 2020 and recovered to AED 38,000 by September 2023.
  • At AED 38,000 a year the gross yield on the 2017 price is 5.8%.
  • 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 September 2023.

Questions about 514, Montrell Serviced Apartments

What did unit 514 last sell for?

AED 656,453 on 27 September 2017, sold by the developer: AED 1,343 per sqft for 488 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 38,000 a year on the contract signed on 25 September 2023. The previous contract, from September 2022, was AED 27,000; the unit has been rented since August 2019.

How big is unit 514?

488 sqft (45.3 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.

What is unit 514 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 514, Montrell Serviced Apartments

Starts from the last sale price (AED 656K, 27 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 656,453
Deposit, UAE resident (20%)
AED 131,291
Deposit, non-resident (40%)
AED 262,581
Monthly over 25 years at 3.7%
AED 2,686

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