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Studio · 333 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

523, Montrell Serviced Apartments

Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 523 · DLD and Ejari recordsUpdated 24 November 2024
Last soldAED 365K31 July 2023
Current rentAED 42K /yr24 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 523, Montrell Serviced Apartments

What is 523 worth today?

Last sold for AED 365,000 in 2023

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24 Nov 2024RentedNew contract
AED 42,000/yr12 months · AED 126 per sqft
1 Aug 2024RentedNew contract
AED 42,000/yr12 months · AED 126 per sqft
1 Feb 2024RentedRenewal
AED 43,000/yr12 months · AED 129 per sqft
1 Aug 2023RentedNew contract
AED 39,600/yr6 months · AED 119 per sqft
31 Jul 2023SoldReady
AED 365,000AED 1,097 per sqft
1 Feb 2023RentedNew contract
AED 39,600/yr12 months · AED 119 per sqft
26 Feb 2017Sold by developerOff-plan
AED 450,000AED 1,352 per sqft

Source: Dubai Land Department. Updated 24 November 2024.

Key facts

Type
Studio hotel apartment
Size
333 sqft
Floor
5th of 7
Parking
P2-18
Developer
Azizi Developments
Completed
2018
Last sold
AED 365K · July 2023
Building
Montrell Serviced Apartments

About 523, Montrell Serviced Apartments

523 is a studio of 333 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 31 July 2023 for AED 365,000, or AED 1,097 per sqft, 28% above the AED 858 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, signed on 24 November 2024, is AED 42,000 a year: a gross yield of 11.5% on the 2023 price.

Sales and rents for 523 over time

Sales
Unit 523, 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 450,000 (AED 1,352 per sqft)Sold, July 2023: AED 365,000 (AED 1,097 per sqft)

523 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 523, 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 2023: AED 39,600 a yearNew contract, August 2023: AED 39,600 a yearRenewal, February 2024: AED 43,000 a yearNew contract, August 2024: AED 42,000 a yearNew contract, November 2024: 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 523 sits

All 167 studios →

523 last sold in July 2023 at AED 1,097 per sqft, 28% above what studios in Montrell Serviced Apartments were fetching at the time (AED 858). 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. 523'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
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

523, Montrell Serviced Apartments in numbers

  • Sold twice: first on 26 February 2017 for AED 450,000, last on 31 July 2023 for AED 365,000 (AED 1,097 per sqft).
  • Rented since February 2023 on 5 Ejari contracts, from AED 39,600 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2023 price is 11.5%.
  • 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 24 November 2024.

Questions about 523, Montrell Serviced Apartments

What did unit 523 last sell for?

AED 365,000 on 31 July 2023: AED 1,097 per sqft for 333 sqft. The unit has 2 registered sales; the first was AED 450,000 in February 2017.

What is the rent for unit 523?

AED 42,000 a year on the contract signed on 24 November 2024. The previous contract, from August 2024, was AED 42,000; the unit has been rented since February 2023.

How big is unit 523?

333 sqft (30.9 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.

What is unit 523 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 523, Montrell Serviced Apartments

Starts from the last sale price (AED 365K, 31 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 365,000
Deposit, UAE resident (20%)
AED 73,000
Deposit, non-resident (40%)
AED 146,000
Monthly over 25 years at 3.7%
AED 1,493

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