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Studio · 333 sqftMontrell Serviced Apartments, Al Furjan · 6th floor · completed 2018

623, Montrell Serviced Apartments

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

Unit 623 · DLD and Ejari recordsUpdated 23 November 2024
Last soldAED 455K26 February 2017
Current rentAED 40K /yr23 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 623, Montrell Serviced Apartments

What is 623 worth today?

Last sold for AED 455,000 in 2017

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23 Nov 2024RentedNew contract
AED 40,000/yr12 months · AED 120 per sqft
28 Jan 2023RentedNew contract
AED 32,824/yr12 months · AED 99 per sqft
1 Nov 2019RentedNew contract
AED 30,000/yr12 months · AED 90 per sqft
26 Feb 2017Sold by developerOff-plan
AED 455,000AED 1,367 per sqft

Source: Dubai Land Department. Updated 23 November 2024.

Key facts

Type
Studio hotel apartment
Size
333 sqft
Floor
6th of 7
Parking
P2-54
Developer
Azizi Developments
Completed
2018
Last sold
AED 455K · February 2017
Building
Montrell Serviced Apartments

About 623, Montrell Serviced Apartments

623 is a studio of 333 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 26 February 2017 for AED 455,000, or AED 1,367 per sqft, in line with the AED 1,352 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 23 November 2024, is AED 40,000 a year: a gross yield of 8.8% on the 2017 price.

Sales and rents for 623 over time

Sales
Unit 623, 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 455,000 (AED 1,367 per sqft)

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

Rents
Unit 623, 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, November 2019: AED 30,000 a yearNew contract, January 2023: AED 32,824 a yearNew contract, November 2024: AED 40,000 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 623 sits

All 167 studios →

623 last sold in February 2017 at AED 1,367 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. 623's AED 40,000 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

623, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 26 February 2017 for AED 455,000, or AED 1,367 per sqft.
  • Rented since November 2019 on 3 Ejari contracts, from AED 30,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2017 price is 8.8%.
  • 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 23 November 2024.

Questions about 623, Montrell Serviced Apartments

What did unit 623 last sell for?

AED 455,000 on 26 February 2017, sold by the developer: AED 1,367 per sqft for 333 sqft. It is the only registered sale of the unit.

What is the rent for unit 623?

AED 40,000 a year on the contract signed on 23 November 2024. The previous contract, from January 2023, was AED 32,824; the unit has been rented since November 2019.

How big is unit 623?

333 sqft (30.9 sqm): a studio on the 6th floor of a 7-storey tower completed in 2018.

What is unit 623 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 623, Montrell Serviced Apartments

Starts from the last sale price (AED 455K, 26 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 455,000
Deposit, UAE resident (20%)
AED 91,000
Deposit, non-resident (40%)
AED 182,000
Monthly over 25 years at 3.7%
AED 1,862

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