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Studio · 367 sqftMontrell Serviced Apartments, Al Furjan · 7th floor · completed 2018

708, Montrell Serviced Apartments

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

Unit 708 · DLD and Ejari recordsUpdated 20 July 2026
Last soldAED 510K19 March 2018
Current rentAED 38K /yr20 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 708, Montrell Serviced Apartments

What is 708 worth today?

Last sold for AED 510,231 in 2018

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20 Jul 2026RentedRenewal
AED 38,000/yr12 months · AED 104 per sqft
20 Jul 2025RentedNew contract
AED 38,000/yr12 months · AED 104 per sqft
20 Jul 2025RentedNew contract
AED 38,000/yr12 months · AED 104 per sqft
5 May 2024RentedNew contract
AED 39,000/yr12 months · AED 106 per sqft
15 Oct 2023RentedNew contract
AED 37,000/yr12 months · AED 101 per sqft
15 Oct 2023RentedNew contract
AED 37,000/yr12 months · AED 101 per sqft
1 Jul 2022RentedNew contract
AED 30,000/yr12 months · AED 82 per sqft
1 Jan 2021RentedNew contract
AED 27,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 20 July 2026.

Key facts

Type
Studio hotel apartment
Size
367 sqft
Floor
7th of 7
Parking
P2-70
Developer
Azizi Developments
Completed
2018
Last sold
AED 510K · March 2018
Building
Montrell Serviced Apartments

About 708, Montrell Serviced Apartments

708 is a studio of 367 sqft on the 7th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 19 March 2018 for AED 510,231, or AED 1,388 per sqft, in line with the AED 1,362 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, renewed on 20 July 2026, is AED 38,000 a year: a gross yield of 7.4% on the 2018 price.

Sales and rents for 708 over time

Sales
Unit 708, 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, March 2018: AED 510,231 (AED 1,388 per sqft)

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

Rents
Unit 708, 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, October 2018: AED 30,000 a yearNew contract, January 2021: AED 27,000 a yearNew contract, July 2022: AED 30,000 a yearNew contract, October 2023: AED 37,000 a yearNew contract, October 2023: AED 37,000 a yearNew contract, May 2024: AED 39,000 a yearNew contract, July 2025: AED 38,000 a yearNew contract, July 2025: AED 38,000 a yearRenewal, July 2026: 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 708 sits

All 167 studios →

708 last sold in March 2018 at AED 1,388 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,362). 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. 708'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 7th floor

All 221 units in Montrell Serviced Apartments
Value
7011-bedAED 626K · Apr 2024
702StudioAED 485K · Oct 2025
703StudioAED 537K · Jun 2017
704StudioAED 538K · Jun 2017
7051-bedAED 680K · Feb 2026
7061-bedAED 605K · Jun 2020
707StudioAED 538K · Jan 2018
1–7 of 31

708, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 19 March 2018 for AED 510,231, or AED 1,388 per sqft.
  • Rented since October 2018 on 9 Ejari contracts, from AED 30,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2018 price is 7.4%.
  • 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 20 July 2026.

Questions about 708, Montrell Serviced Apartments

What did unit 708 last sell for?

AED 510,231 on 19 March 2018, sold by the developer: AED 1,388 per sqft for 367 sqft. It is the only registered sale of the unit.

What is the rent for unit 708?

AED 38,000 a year on the contract renewed on 20 July 2026. The previous contract, from July 2025, was AED 38,000; the unit has been rented since October 2018.

How big is unit 708?

367 sqft (34.1 sqm): a studio on the 7th floor of a 7-storey tower completed in 2018.

What is unit 708 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 708, Montrell Serviced Apartments

Starts from the last sale price (AED 510K, 19 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 510,231
Deposit, UAE resident (20%)
AED 102,046
Deposit, non-resident (40%)
AED 204,092
Monthly over 25 years at 3.7%
AED 2,088

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