Studio · 527 sqftMadison Residency Barsha Heights, Barsha Heights · 5th floor · completed 2009

509, Madison Residency Barsha Heights

Sold prices and rental history: sold 3 times, last in January 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 5 September 2018
Last soldAED 360K11 January 2011
Current rentAED 52K /yr5 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Madison Residency Barsha Heights

What is 509 worth today?

Last sold for AED 360,000 in 2011

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5 Sep 2018RentedNew contract
AED 52,000/yr12 months · AED 99 per sqft
10 Feb 2016RentedRenewal
AED 48,500/yr12 months · AED 92 per sqft
10 Feb 2015RentedNew contract
AED 48,500/yr12 months · AED 92 per sqft
10 Feb 2014RentedNew contract
AED 46,200/yr12 months · AED 88 per sqft
11 Jan 2011SoldReady
AED 360,000AED 682 per sqft
31 May 2010SoldReady
AED 569,155AED 1,079 per sqft
7 Jun 2009Sold by developerOff-plan
AED 529,155AED 1,003 per sqft

Source: Dubai Land Department. Updated 5 September 2018.

Key facts

Type
Studio apartment
Size
527 sqft
Floor
5th of 26
Parking
G-20
Developer
Deyaar
Completed
2009
Service charge
AED 10,900 /yr
Last sold
AED 360K · January 2011

About 509, Madison Residency Barsha Heights

509 is a studio of 527 sqft on the 5th floor of Madison Residency Barsha Heights, a 26-storey tower in Barsha Heights completed in 2009 by Deyaar. It last sold on 11 January 2011 for AED 360,000, or AED 682 per sqft, 31% below the AED 992 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 5 September 2018, is AED 52,000 a year: a gross yield of 14.4% on the 2011 price, before the service charge of about AED 10,900 a year.

Sales and rents for 509 over time

Sales
Unit 509, 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, June 2009: AED 529,155 (AED 1,003 per sqft)Sold, May 2010: AED 569,155 (AED 1,079 per sqft)Sold, January 2011: AED 360,000 (AED 682 per sqft)

509 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 509, each contractTypical studio in Madison Residency Barsha Heights
40K60K2012201620202024Typical 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, February 2014: AED 46,200 a yearNew contract, February 2015: AED 48,500 a yearRenewal, February 2016: AED 48,500 a yearNew contract, September 2018: AED 52,000 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 509 sits

All 159 studios →

509 last sold in January 2011 at AED 682 per sqft, 31% below what studios in Madison Residency Barsha Heights were fetching at the time (AED 992). 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. 509's AED 52,000 is in the lower half 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
501StudioAED 517K · Nov 2012
5021-bedAED 850K · Feb 2024
503StudioAED 306K · Mar 2016
504StudioAED 570K · Nov 2018
5051-bedAED 700K · Jan 2012
506StudioAED 690K · Nov 2015
507StudioAED 691K · Nov 2018
1–7 of 15

509, Madison Residency Barsha Heights in numbers

  • Sold 3 times: first on 7 June 2009 for AED 529,155, last on 11 January 2011 for AED 360,000 (AED 682 per sqft).
  • Rented since February 2014 on 4 Ejari contracts, from AED 46,200 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2011 price is 14.4%, before a service charge of about AED 10,900 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 5 September 2018.

Questions about 509, Madison Residency Barsha Heights

What did unit 509 last sell for?

AED 360,000 on 11 January 2011: AED 682 per sqft for 527 sqft. The unit has 3 registered sales; the first was AED 529,155 in June 2009.

What is the rent for unit 509?

AED 52,000 a year on the contract signed on 5 September 2018. The previous contract, from February 2016, was AED 48,500; the unit has been rented since February 2014.

How big is unit 509?

527 sqft (49.0 sqm): a studio on the 5th floor of a 26-storey tower completed in 2009.

What is unit 509 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 509, Madison Residency Barsha Heights

Starts from the last sale price (AED 360K, 11 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 360,000
Deposit, UAE resident (20%)
AED 72,000
Deposit, non-resident (40%)
AED 144,000
Monthly over 25 years at 3.7%
AED 1,473

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