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Studio · 392 sqftMontrell Serviced Apartments, Al Furjan · 7th floor · completed 2018

717, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in March 2018, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 717 · DLD and Ejari recordsUpdated 22 July 2024
Last soldAED 584K18 March 2018
Current rentAED 42K /yr22 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 717, Montrell Serviced Apartments

What is 717 worth today?

Last sold for AED 584,000 in 2018

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22 Jul 2024RentedNew contract
AED 42,000/yr12 months · AED 107 per sqft
1 Nov 2020RentedNew contract
AED 22,000/yr12 months · AED 57 per sqft
18 Mar 2018Sold by developerOff-plan
AED 584,000AED 1,490 per sqft

Source: Dubai Land Department. Updated 22 July 2024.

Key facts

Type
Studio hotel apartment
Size
392 sqft
Floor
7th of 7
Parking
P2-79
Developer
Azizi Developments
Completed
2018
Last sold
AED 584K · March 2018
Building
Montrell Serviced Apartments

About 717, Montrell Serviced Apartments

717 is a studio of 392 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 18 March 2018 for AED 584,000, or AED 1,490 per sqft, 9% above the AED 1,362 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 22 July 2024, is AED 42,000 a year: a gross yield of 7.2% on the 2018 price.

Sales and rents for 717 over time

Sales
Unit 717, 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, March 2018: AED 584,000 (AED 1,490 per sqft)

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

Rents
Unit 717, each contractTypical studio in Montrell Serviced Apartments
20K30K40K2018202120242027Typical 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 2020: AED 22,000 a yearNew contract, July 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 717 sits

All 167 studios →

717 last sold in March 2018 at AED 1,490 per sqft, 9% above 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. 717'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 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

717, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 18 March 2018 for AED 584,000, or AED 1,490 per sqft.
  • Rented since November 2020 on 2 Ejari contracts, from AED 22,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2018 price is 7.2%.
  • 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 22 July 2024.

Questions about 717, Montrell Serviced Apartments

What did unit 717 last sell for?

AED 584,000 on 18 March 2018, sold by the developer: AED 1,490 per sqft for 392 sqft. It is the only registered sale of the unit.

What is the rent for unit 717?

AED 42,000 a year on the contract signed on 22 July 2024. The previous contract, from November 2020, was AED 22,000.

How big is unit 717?

392 sqft (36.4 sqm): a studio on the 7th floor of a 7-storey tower completed in 2018.

What is unit 717 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 717, Montrell Serviced Apartments

Starts from the last sale price (AED 584K, 18 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 584,000
Deposit, UAE resident (20%)
AED 116,800
Deposit, non-resident (40%)
AED 233,600
Monthly over 25 years at 3.7%
AED 2,389

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