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Studio · 333 sqftMontrell Serviced Apartments, Al Furjan · 7th floor · completed 2018

723, Montrell Serviced Apartments

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

Unit 723 · DLD and Ejari recordsUpdated 13 December 2025
Last soldAED 380K1 May 2019
Current rentAED 41K /yr13 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 723, Montrell Serviced Apartments

What is 723 worth today?

Last sold for AED 380,120 in 2019

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13 Dec 2025RentedNew contract
AED 41,000/yr12 months · AED 123 per sqft
5 Nov 2022RentedNew contract
AED 27,000/yr12 months · AED 81 per sqft
1 Nov 2020RentedNew contract
AED 21,000/yr12 months · AED 63 per sqft
27 Sep 2019RentedNew contract
AED 24,000/yr12 months · AED 72 per sqft
1 May 2019Sold by developerReady
AED 380,120AED 1,142 per sqft

Source: Dubai Land Department. Updated 13 December 2025.

Key facts

Type
Studio hotel apartment
Size
333 sqft
Floor
7th of 7
Parking
P2-85
Developer
Azizi Developments
Completed
2018
Last sold
AED 380K · May 2019
Building
Montrell Serviced Apartments

About 723, Montrell Serviced Apartments

723 is a studio of 333 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 1 May 2019 for AED 380,120, or AED 1,142 per sqft, in line with the AED 1,126 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 13 December 2025, is AED 41,000 a year: a gross yield of 10.8% on the 2019 price.

Sales and rents for 723 over time

Sales
Unit 723, 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, May 2019: AED 380,120 (AED 1,142 per sqft)

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

Rents
Unit 723, 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, September 2019: AED 24,000 a yearNew contract, November 2020: AED 21,000 a yearNew contract, November 2022: AED 27,000 a yearNew contract, December 2025: AED 41,000 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 723 sits

All 167 studios →

723 last sold in May 2019 at AED 1,142 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,126). 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. 723's AED 41,000 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

723, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 1 May 2019 for AED 380,120, or AED 1,142 per sqft.
  • Rented since September 2019 on 4 Ejari contracts. The rent fell from AED 24,000 to AED 21,000 in 2020 and recovered to AED 41,000 by December 2025.
  • At AED 41,000 a year the gross yield on the 2019 price is 10.8%.
  • 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 13 December 2025.

Questions about 723, Montrell Serviced Apartments

What did unit 723 last sell for?

AED 380,120 on 1 May 2019, sold by the developer: AED 1,142 per sqft for 333 sqft. It is the only registered sale of the unit.

What is the rent for unit 723?

AED 41,000 a year on the contract signed on 13 December 2025. The previous contract, from November 2022, was AED 27,000; the unit has been rented since September 2019.

How big is unit 723?

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

What is unit 723 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 723, Montrell Serviced Apartments

Starts from the last sale price (AED 380K, 1 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 380,120
Deposit, UAE resident (20%)
AED 76,024
Deposit, non-resident (40%)
AED 152,048
Monthly over 25 years at 3.7%
AED 1,555

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