Studio · 653 sqftMadison Residency Barsha Heights, Barsha Heights · 4th floor · completed 2009

408, Madison Residency Barsha Heights

Sold prices and rental history: sold twice, last in January 2023, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 25 January 2023
Last soldAED 490K25 January 2023
Current rentAED 38K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Madison Residency Barsha Heights

What is 408 worth today?

Last sold for AED 490,000 in 2023

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25 Jan 2023SoldReady
AED 490,000AED 750 per sqft
1 Nov 2022RentedRenewal
AED 38,000/yr12 months · AED 58 per sqft
1 Nov 2021RentedNew contract
AED 35,000/yr12 months · AED 53 per sqft
1 Aug 2019RentedRenewal
AED 43,800/yr15 months · AED 67 per sqft
1 Aug 2018RentedNew contract
AED 51,000/yr12 months · AED 78 per sqft
6 Dec 2012Sold by developerReady
AED 674,866AED 1,033 per sqft
10 Sep 2011RentedNew contract
AED 35,000/yr24 months · AED 53 per sqft

Source: Dubai Land Department. Updated 25 January 2023.

Key facts

Type
Studio apartment
Size
653 sqft
Floor
4th of 26
Parking
B2-104
Developer
Deyaar
Completed
2009
Service charge
AED 13,500 /yr
Last sold
AED 490K · January 2023

About 408, Madison Residency Barsha Heights

408 is a studio of 653 sqft on the 4th floor of Madison Residency Barsha Heights, a 26-storey tower in Barsha Heights completed in 2009 by Deyaar. It last sold on 25 January 2023 for AED 490,000, or AED 750 per sqft, 13% below the AED 859 studios in the building were fetching at the time.

It has been rented continuously since 2011 on 5 Ejari contracts. The current contract, renewed on 1 November 2022, is AED 38,000 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 13,500 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical studio in Madison Residency Barsha Heights
400K600K800K2009201420192024Typical sale price by year: 2009 AED 572,989; 2010 AED 629,557; 2011 AED 479,376; 2012 AED 551,224; 2013 AED 572,500; 2014 AED 740,000; 2015 AED 681,484; 2016 AED 650,000; 2017 AED 685,000; 2018 AED 600,000; 2020 AED 500,000; 2021 AED 450,000; 2022 AED 500,000; 2023 AED 580,000; 2024 AED 697,500; 2025 AED 787,500; 2026 AED 800,000Sold by developer, December 2012: AED 674,866 (AED 1,033 per sqft)Sold, January 2023: AED 490,000 (AED 750 per sqft)

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

Rents
Unit 408, each contractTypical studio in Madison Residency Barsha Heights
40K60K20112015201920232027Typical rent by year: 2012 AED 39,500; 2013 AED 45,000; 2014 AED 55,000; 2015 AED 65,000; 2016 AED 65,000; 2017 AED 60,000; 2018 AED 53,000; 2019 AED 47,750; 2020 AED 39,500; 2021 AED 36,000; 2022 AED 40,000; 2023 AED 45,000; 2024 AED 56,500; 2025 AED 61,000; 2026 AED 62,000New contract, September 2011: AED 35,000 a yearNew contract, August 2018: AED 51,000 a yearRenewal, August 2019: AED 43,800 a yearNew contract, November 2021: AED 35,000 a yearRenewal, November 2022: 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 Madison Residency Barsha Heights, and where 408 sits

All 159 studios →

408 last sold in January 2023 at AED 750 per sqft, 13% below what studios in Madison Residency Barsha Heights were fetching at the time (AED 859). Over the last 12 months studios sold for AED 680,000 to 935,000, around AED 1,224 per sqft, and rent for AED 40,000 to 99,750 a year. 408's AED 38,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Sep 2026680,000
21 Aug 2026800,000
15 Jul 2026810,000
27 Feb 2026800,000
6 studio sales in the last 12 months

Madison Residency Barsha Heights

Building

310 apartments, studios to 2-bed over 26 floors in Barsha Heights, completed in 2009 by Deyaar. 18 sold in the last 12 months.

Typical price per sqft
AED 1,190 Down 0.3%
Typical sale
AED 1.35M
Typical rent
AED 68K /yr
Typical yield
8.0%
Madison Residency Barsha Heights, Barsha Heights: prices, sales and rents →
Value
401StudioAED 700K · Oct 2014
4021-bedAED 334K · Feb 2011
403StudioAED 450K · Sep 2021
404StudioAED 303K · Nov 2015
4051-bedAED 1M · Apr 2025
406StudioAED 480K · Oct 2022
407StudioAED 675K · Jun 2015
1–7 of 15

408, Madison Residency Barsha Heights in numbers

  • Sold twice: first on 6 December 2012 for AED 674,866, last on 25 January 2023 for AED 490,000 (AED 750 per sqft).
  • Rented since September 2011 on 5 Ejari contracts, from AED 35,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 13,500 a year (AED 20.74 per sqft).
  • Studios in Madison Residency Barsha Heights sold for AED 680,000–935,000 in the 12 months to November 2026; the building's median across all types is AED 1,190 per sqft.

Source: Dubai Land Department. Updated 25 January 2023.

Questions about 408, Madison Residency Barsha Heights

What did unit 408 last sell for?

AED 490,000 on 25 January 2023: AED 750 per sqft for 653 sqft. The unit has 2 registered sales; the first was AED 674,866 in December 2012.

What is the rent for unit 408?

AED 38,000 a year on the contract renewed on 1 November 2022. The previous contract, from November 2021, was AED 35,000; the unit has been rented since September 2011.

How big is unit 408?

653 sqft (60.7 sqm): a studio on the 4th floor of a 26-storey tower completed in 2009.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Madison Residency Barsha Heights sold for AED 680,000 to 935,000 in the last 12 months, around AED 1,224 per sqft.

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Mortgage on 408, Madison Residency Barsha Heights

Starts from the last sale price (AED 490K, 25 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 490,000
Deposit, UAE resident (20%)
AED 98,000
Deposit, non-resident (40%)
AED 196,000
Monthly over 25 years at 3.7%
AED 2,005

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