1-bed · 767 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

515, Montrell Serviced Apartments

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 515 · DLD and Ejari recordsUpdated 9 May 2024

Last soldAED 620K9 May 2024

Current rentAED 53K /yr15 May 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 515, Montrell Serviced Apartments

Today

What is 515 worth today?

Last sold for AED 620,100 in 2024

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9 May 2024

9 May 2024SoldReady

AED 620,100AED 808 per sqft

15 May 2023

15 May 2023RentedNew contract

AED 53,000/yr12 months · AED 69 per sqft

1 Jan 2021

1 Jan 2021RentedNew contract

AED 47,000/yr12 months · AED 61 per sqft

1 Jul 2020

1 Jul 2020RentedNew contract

AED 58,000/yr12 months · AED 76 per sqft

5 Mar 2020

5 Mar 2020RentedNew contract

AED 38,000/yr12 months · AED 50 per sqft

15 Jun 2019

15 Jun 2019RentedNew contract

AED 61,000/yr12 months · AED 80 per sqft

24 Feb 2019

24 Feb 2019Sold by developerReady

AED 621,479AED 810 per sqft

15 Jun 2018

15 Jun 2018RentedNew contract

AED 61,000/yr12 months · AED 80 per sqft

Source: Dubai Land Department. Updated 9 May 2024.

Key facts

Type: 1-bed hotel apartment
Size: 767 sqft
Floor: 5th of 7
Parking: P2-10
Developer: Azizi Developments
Completed: 2018
Last sold: AED 620K · May 2024
Building: Montrell Serviced Apartments

About 515, Montrell Serviced Apartments

515 is a one-bedroom hotel apartment of 767 sqft on the 5th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. It last sold on 9 May 2024 for AED 620,100, or AED 808 per sqft, 7% above the AED 757 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 15 May 2023, is AED 53,000 a year: a gross yield of 8.6% on the 2024 price.

Sales and rents for 515 over time

Sales

Unit 515, each saleTypical one-bed in Montrell Serviced Apartments

515 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 515, each contractTypical one-bed in Montrell Serviced Apartments

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Montrell Serviced Apartments, and where 515 sits

All 54 1-beds →

1-beds in Montrell Serviced Apartments · last 12 months995 /sqft Montrell Serviced Apartments · all types1,111 /sqft

515 last sold in May 2024 at AED 808 per sqft, 7% above what one-beds in Montrell Serviced Apartments were fetching at the time (AED 757). Over the last 12 months one-beds sold for AED 670,000 to 840,000, around AED 995 per sqft, and rent for AED 42,000 to 75,000 a year. 515's AED 53,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
4 Jun 20264 June 2026	683 sqft	670,000	980
21 Apr 202621 April 2026	767 sqft	840,000	1,094
5 Feb 20265 February 2026	683 sqft	680,000	995
29 Aug 202529 August 2025	849 sqft	800,000	941

3 1-bed 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


501	1-bed	849 sqft	AED 613KAED 612,560 · May 2024May 2024	65,000 /yr
502	Studio	394 sqft	AED 540KAED 540,000 · May 2017May 2017	40,517 /yr
503	Studio	387 sqft	AED 522KAED 521,678 · Feb 2017February 2017	42,000 /yr
504	Studio	390 sqft	AED 400KAED 400,000 · Sep 2026September 2026	30,000 /yr
505	1-bed	683 sqft	No registered sale	75,000 /yr
506	1-bed	741 sqft	AED 646KAED 645,740 · Aug 2019August 2019	63,000 /yr
507	Studio	383 sqft	AED 522KAED 522,325 · May 2017May 2017	40,000 /yr
508	Studio	367 sqft	AED 490KAED 490,000 · Mar 2026March 2026	48,000 /yr
509	Studio	358 sqft	AED 536KAED 536,414 · Feb 2018February 2018	39,900 /yr
510	Studio	363 sqft	AED 512KAED 512,140 · Jan 2017January 2017	33,000 /yr
511	Studio	429 sqft	AED 500KAED 500,000 · Dec 2025December 2025	33,000 /yr
512	Studio	457 sqft	AED 628KAED 628,000 · Jul 2017July 2017
513	Studio	458 sqft	AED 635KAED 635,495 · Jan 2018January 2018	30,657 /yr
514	Studio	488 sqft	AED 656KAED 656,453 · Sep 2017September 2017	38,000 /yr
516	Studio	387 sqft	AED 531KAED 530,848 · Jan 2018January 2018	40,500 /yr
517	Studio	392 sqft	AED 530KAED 530,000 · Jun 2017June 2017	40,000 /yr
518	1-bed	767 sqft	AED 700KAED 700,000 · Jun 2025June 2025	52,500 /yr
519	Studio	408 sqft	AED 350KAED 350,000 · Jul 2023July 2023	37,000 /yr
520	Studio	409 sqft	AED 550KAED 549,888 · Sep 2017September 2017
521	Studio	408 sqft	AED 584KAED 583,556 · Jun 2017June 2017	41,000 /yr
522	Studio	380 sqft	AED 485KAED 485,000 · Feb 2025February 2025	48,000 /yr
523	Studio	333 sqft	AED 365KAED 365,000 · Jul 2023July 2023	42,000 /yr
524	Studio	365 sqft	AED 310KAED 310,000 · Feb 2021February 2021	38,500 /yr
525	Studio	367 sqft	AED 380KAED 380,000 · Jun 2024June 2024	43,000 /yr
526	Studio	383 sqft	AED 525KAED 524,516 · Apr 2017April 2017	23,000 /yr
527	1-bed	741 sqft	AED 909KAED 908,830 · May 2017May 2017	70,000 /yr
528	1-bed	683 sqft	AED 540KAED 540,153 · Jan 2024January 2024	64,000 /yr
529	Studio	390 sqft	AED 528KAED 527,732 · Dec 2017December 2017	45,000 /yr
530	Studio	387 sqft	AED 305KAED 305,000 · Oct 2022October 2022	38,000 /yr
531	Studio	394 sqft	AED 540KAED 539,700 · Mar 2017March 2017	55,000 /yr
532	1-bed	849 sqft	AED 626KAED 626,422 · Apr 2024April 2024	60,800 /yr

1–7 of 31

515, Montrell Serviced Apartments in numbers

Sold twice: first on 24 February 2019 for AED 621,479, last on 9 May 2024 for AED 620,100 (AED 808 per sqft).
Rented since June 2018 on 6 Ejari contracts. The rent fell from AED 61,000 to AED 38,000 in 2020 and recovered to AED 53,000 by May 2023.
At AED 53,000 a year the gross yield on the 2024 price is 8.6%.
One-beds in Montrell Serviced Apartments sold for AED 670,000–840,000 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 9 May 2024.

Questions about 515, Montrell Serviced Apartments

What did unit 515 last sell for?

AED 620,100 on 9 May 2024: AED 808 per sqft for 767 sqft. The unit has 2 registered sales; the first was AED 621,479 in February 2019.

What is the rent for unit 515?

AED 53,000 a year on the contract signed on 15 May 2023. The previous contract, from January 2021, was AED 47,000; the unit has been rented since June 2018.

How big is unit 515?

767 sqft (71.3 sqm): a one-bedroom hotel apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 515 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Montrell Serviced Apartments sold for AED 670,000 to 840,000 in the last 12 months, around AED 995 per sqft.

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Mortgage on 515, Montrell Serviced Apartments

Starts from the last sale price (AED 620K, 9 May 2024). Switch to today's estimate once you have unlocked it.

Price: AED 620,100
Deposit, UAE resident (20%): AED 124,020
Deposit, non-resident (40%): AED 248,040
Monthly over 25 years at 3.7%: AED 2,537

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