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Studio · 365 sqftMontrell Serviced Apartments, Al Furjan · 7th floor · completed 2018

724, Montrell Serviced Apartments

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 724 · DLD and Ejari recordsUpdated 22 June 2026
Last soldAED 310K31 May 2023
Current rentAED 48K /yr22 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 724, Montrell Serviced Apartments

What is 724 worth today?

Last sold for AED 310,000 in 2023

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22 Jun 2026RentedNew contract
AED 48,000/yr12 months · AED 131 per sqft
27 Jun 2024RentedRenewal
AED 49,800/yr12 months · AED 136 per sqft
27 Jun 2023RentedNew contract
AED 45,600/yr12 months · AED 125 per sqft
31 May 2023SoldReady
AED 310,000AED 848 per sqft
5 Oct 2018RentedNew contract
AED 31,000/yr12 months · AED 85 per sqft
28 Feb 2017Sold by developerOff-plan
AED 523,255AED 1,431 per sqft

Source: Dubai Land Department. Updated 22 June 2026.

Key facts

Type
Studio hotel apartment
Size
365 sqft
Floor
7th of 7
Parking
P2-86
Developer
Azizi Developments
Completed
2018
Last sold
AED 310K · May 2023
Building
Montrell Serviced Apartments

About 724, Montrell Serviced Apartments

724 is a studio of 365 sqft on the 7th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. It last sold on 31 May 2023 for AED 310,000, or AED 848 per sqft, 8% above the AED 788 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 22 June 2026, is AED 48,000 a year: a gross yield of 15.5% on the 2023 price.

Sales and rents for 724 over time

Sales
Unit 724, 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 523,255 (AED 1,431 per sqft)Sold, May 2023: AED 310,000 (AED 848 per sqft)

724 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 724, 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, October 2018: AED 31,000 a yearNew contract, June 2023: AED 45,600 a yearRenewal, June 2024: AED 49,800 a yearNew contract, June 2026: AED 48,000 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 724 sits

All 167 studios →

724 last sold in May 2023 at AED 848 per sqft, 8% above what studios in Montrell Serviced Apartments were fetching at the time (AED 788). 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. 724's AED 48,000 is in the upper 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

724, Montrell Serviced Apartments in numbers

  • Sold twice: first on 28 February 2017 for AED 523,255, last on 31 May 2023 for AED 310,000 (AED 848 per sqft).
  • Rented since October 2018 on 4 Ejari contracts, from AED 31,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2023 price is 15.5%.
  • 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 June 2026.

Questions about 724, Montrell Serviced Apartments

What did unit 724 last sell for?

AED 310,000 on 31 May 2023: AED 848 per sqft for 365 sqft. The unit has 2 registered sales; the first was AED 523,255 in February 2017.

What is the rent for unit 724?

AED 48,000 a year on the contract signed on 22 June 2026. The previous contract, from June 2024, was AED 49,800; the unit has been rented since October 2018.

How big is unit 724?

365 sqft (33.9 sqm): a studio on the 7th floor of a 7-storey tower completed in 2018.

What is unit 724 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 724, Montrell Serviced Apartments

Starts from the last sale price (AED 310K, 31 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 310,000
Deposit, UAE resident (20%)
AED 62,000
Deposit, non-resident (40%)
AED 124,000
Monthly over 25 years at 3.7%
AED 1,268

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