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Studio · 457 sqftMontrell Serviced Apartments, Al Furjan · 6th floor · completed 2018

612, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 612 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 634K1 October 2017
Current rentAED 45K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 612, Montrell Serviced Apartments

What is 612 worth today?

Last sold for AED 634,129 in 2017

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1 Nov 2024RentedNew contract
AED 45,000/yr12 months · AED 100 per sqft
20 Sep 2023RentedRenewal
AED 30,000/yr12 months · AED 66 per sqft
20 Sep 2022RentedRenewal
AED 30,000/yr12 months · AED 66 per sqft
20 Sep 2021RentedRenewal
AED 22,000/yr12 months · AED 49 per sqft
20 Sep 2020RentedRenewal
AED 22,000/yr12 months · AED 49 per sqft
20 Sep 2019RentedRenewal
AED 22,000/yr12 months · AED 49 per sqft
20 Sep 2018RentedNew contract
AED 31,000/yr12 months · AED 69 per sqft
1 Oct 2017Sold by developerOff-plan
AED 634,129AED 1,387 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
Studio hotel apartment
Size
457 sqft
Floor
6th of 7
Parking
P2-43
Developer
Azizi Developments
Completed
2018
Last sold
AED 634K · October 2017
Building
Montrell Serviced Apartments

About 612, Montrell Serviced Apartments

612 is a studio of 457 sqft on the 6th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 1 October 2017 for AED 634,129, or AED 1,387 per sqft, in line with the AED 1,352 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 1 November 2024, is AED 45,000 a year: a gross yield of 7.1% on the 2017 price.

Sales and rents for 612 over time

Sales
Unit 612, 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, October 2017: AED 634,129 (AED 1,387 per sqft)

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

Rents
Unit 612, 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, September 2018: AED 31,000 a yearRenewal, September 2019: AED 22,000 a yearRenewal, September 2020: AED 22,000 a yearRenewal, September 2021: AED 22,000 a yearRenewal, September 2022: AED 30,000 a yearRenewal, September 2023: AED 30,000 a yearNew contract, November 2024: AED 45,000 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 612 sits

All 167 studios →

612 last sold in October 2017 at AED 1,387 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. 612's AED 45,000 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 6th floor

All 221 units in Montrell Serviced Apartments
Value
6011-bedAED 626K · Apr 2024
602StudioAED 370K · Nov 2019
603StudioAED 531K · Jun 2017
604StudioAED 532K · Jun 2017
6051-bedAED 874K · Jul 2018
6061-bedAED 1M · Jun 2017
607StudioAED 537K · Nov 2017
1–7 of 31

612, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 1 October 2017 for AED 634,129, or AED 1,387 per sqft.
  • Rented since September 2018 on 7 Ejari contracts. The rent fell from AED 31,000 to AED 22,000 in 2021 and recovered to AED 45,000 by November 2024.
  • At AED 45,000 a year the gross yield on the 2017 price is 7.1%.
  • 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 1 November 2024.

Questions about 612, Montrell Serviced Apartments

What did unit 612 last sell for?

AED 634,129 on 1 October 2017, sold by the developer: AED 1,387 per sqft for 457 sqft. It is the only registered sale of the unit.

What is the rent for unit 612?

AED 45,000 a year on the contract signed on 1 November 2024. The previous contract, from September 2023, was AED 30,000; the unit has been rented since September 2018.

How big is unit 612?

457 sqft (42.5 sqm): a studio on the 6th floor of a 7-storey tower completed in 2018.

What is unit 612 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 612, Montrell Serviced Apartments

Starts from the last sale price (AED 634K, 1 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 634,129
Deposit, UAE resident (20%)
AED 126,826
Deposit, non-resident (40%)
AED 253,652
Monthly over 25 years at 3.7%
AED 2,594

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