1-bed · 903 sqftMada Residences, Downtown Dubai · 11th floor · completed 2018

1104, Mada Residences

Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1104 · DLD and Ejari recordsUpdated 10 February 2022
Last soldAED 1.43M10 May 2016
Current rentAED 71K /yr10 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1104, Mada Residences

What is 1104 worth today?

Last sold for AED 1,430,052 in 2016

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10 Feb 2022RentedRenewal
AED 71,000/yr12 months · AED 79 per sqft
10 Feb 2021RentedRenewal
AED 67,000/yr12 months · AED 74 per sqft
10 Feb 2020RentedNew contract
AED 69,000/yr12 months · AED 76 per sqft
15 Nov 2018RentedNew contract
AED 85,000/yr12 months · AED 94 per sqft
10 May 2016Sold by developerOff-plan
AED 1,430,052AED 1,583 per sqft

Source: Dubai Land Department. Updated 10 February 2022.

Key facts

Type
1-bed apartment
Size
903 sqft
Floor
11th of 36
Parking
P4-53
Developer
Artar Real Estate Development
Completed
2018
Service charge
AED 19,600 /yr
Last sold
AED 1.43M · May 2016

About 1104, Mada Residences

1104 is a one-bedroom apartment of 903 sqft on the 11th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . The developer sold it on 10 May 2016 for AED 1,430,052, or AED 1,583 per sqft, in line with the AED 1,584 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 10 February 2022, is AED 71,000 a year: a gross yield of 5.0% on the 2016 price, before the service charge of about AED 19,600 a year.

Sales and rents for 1104 over time

Sales
Unit 1104, each saleTypical one-bed in Mada Residences
1.5M2M2016201920222025Typical sale price by year: 2016 AED 1,727,058; 2018 AED 1,237,081; 2019 AED 1,350,000; 2022 AED 1,670,000; 2023 AED 1,500,000; 2024 AED 1,650,000; 2025 AED 2,000,000Sold by developer, May 2016: AED 1,430,052 (AED 1,583 per sqft)

1104 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1104, each contractTypical one-bed in Mada Residences
60K80K100K2018202120242027Typical rent by year: 2018 AED 86,000; 2019 AED 85,000; 2020 AED 71,000; 2021 AED 70,000; 2022 AED 80,000; 2023 AED 92,500; 2024 AED 104,750; 2025 AED 110,000; 2026 AED 108,636New contract, November 2018: AED 85,000 a yearNew contract, February 2020: AED 69,000 a yearRenewal, February 2021: AED 67,000 a yearRenewal, February 2022: AED 71,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Mada Residences, and where 1104 sits

All 55 1-beds →

1104 last sold in May 2016 at AED 1,583 per sqft, in line with what one-beds in Mada Residences were fetching at the time (AED 1,584). Over the last 12 months one-beds sold for AED 1,580,000 to 2,150,000, around AED 1,922 per sqft, and rent for AED 72,500 to 150,000 a year. 1104's AED 71,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Apr 20262,150,000
9 Feb 20261,580,000
28 Jul 20252,000,000
14 Jul 20252,150,000
2 1-bed sales in the last 12 months

Mada Residences

Building

192 apartments, 1-bed to 4-bed over 36 floors in Downtown Dubai, completed in 2018 by Artar Real Estate Development . 17 sold in the last 12 months.

Typical price per sqft
AED 1,821 Up 0.3%
Typical sale
AED 3.66M
Typical rent
AED 149K /yr
Typical yield
5.6%
Mada Residences, Downtown Dubai: prices, sales and rents →

Other units on the 11th floor

All 192 units in Mada Residences
Value
11011-bedAED 1.4M · Mar 2016
11021-bedAED 1.67M · Dec 2022
11032-bedAED 2.73M · Jun 2018
11051-bedAED 694K · May 2023
11061-bedAED 1.75M · Mar 2016
11072-bedAED 2.3M · Oct 2023
11081-bedAED 565K · Jun 2021
1–7 of 8

1104, Mada Residences in numbers

  • Sold once: by Artar Real Estate Development on 10 May 2016 for AED 1,430,052, or AED 1,583 per sqft.
  • Rented since November 2018 on 4 Ejari contracts, from AED 85,000 to AED 71,000 a year.
  • At AED 71,000 a year the gross yield on the 2016 price is 5.0%, before a service charge of about AED 19,600 a year (AED 21.66 per sqft).
  • One-beds in Mada Residences sold for AED 1,580,000–2,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,821 per sqft.

Source: Dubai Land Department. Updated 10 February 2022.

Questions about 1104, Mada Residences

What did unit 1104 last sell for?

AED 1,430,052 on 10 May 2016, sold by the developer: AED 1,583 per sqft for 903 sqft. It is the only registered sale of the unit.

What is the rent for unit 1104?

AED 71,000 a year on the contract renewed on 10 February 2022. The previous contract, from February 2021, was AED 67,000; the unit has been rented since November 2018.

How big is unit 1104?

903 sqft (83.9 sqm): a one-bedroom apartment on the 11th floor of a 36-storey tower completed in 2018.

What is unit 1104 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mada Residences sold for AED 1,580,000 to 2,150,000 in the last 12 months, around AED 1,922 per sqft.

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Mortgage on 1104, Mada Residences

Starts from the last sale price (AED 1.43M, 10 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,430,052
Deposit, UAE resident (20%)
AED 286,010
Deposit, non-resident (40%)
AED 572,021
Monthly over 25 years at 3.7%
AED 5,851

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