1-bed · 551 sqftMada Residences, Downtown Dubai · 11th floor · completed 2018

1105, Mada Residences

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 1105 · DLD and Ejari recordsUpdated 29 May 2023
Last soldAED 694K29 May 2023
Current rentAED 75K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1105, Mada Residences

What is 1105 worth today?

Last sold for AED 693,841 in 2023

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29 May 2023SoldReady
AED 693,841AED 1,260 per sqft
1 Jun 2021RentedRenewal
AED 75,000/yr12 months · AED 68 per sqft
1 Jun 2020RentedNew contract
AED 75,000/yr12 months · AED 68 per sqft
12 Jan 2020RentedNew contract
AED 80,000/yr12 months · AED 73 per sqft
5 Nov 2018RentedNew contract
AED 105,000/yr14 months · AED 95 per sqft
19 Apr 2016Sold by developerOff-plan
AED 1,725,093AED 1,588 per sqft

Source: Dubai Land Department. Updated 29 May 2023.

Key facts

Type
1-bed apartment
Size
551 sqft
Floor
11th of 36
Parking
P4-54
Developer
Artar Real Estate Development
Completed
2018
Service charge
AED 11,900 /yr
Last sold
AED 694K · May 2023

About 1105, Mada Residences

1105 is a one-bedroom apartment of 551 sqft on the 11th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . It last sold on 29 May 2023 for AED 693,841, or AED 1,260 per sqft, 10% below the AED 1,402 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 1 June 2021, is AED 75,000 a year: a gross yield of 10.8% on the 2023 price, before the service charge of about AED 11,900 a year.

Sales and rents for 1105 over time

Sales
Unit 1105, each saleTypical one-bed in Mada Residences
1M2M2016201920222025Typical 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, April 2016: AED 1,725,093 (AED 1,588 per sqft)Sold, May 2023: AED 693,841 (AED 1,260 per sqft)

1105 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1105, each contractTypical one-bed in Mada Residences
80K100K2018202120242027Typical 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 105,000 a yearNew contract, January 2020: AED 80,000 a yearNew contract, June 2020: AED 75,000 a yearRenewal, June 2021: AED 75,000 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 1105 sits

All 55 1-beds →

1105 last sold in May 2023 at AED 1,260 per sqft, 10% below what one-beds in Mada Residences were fetching at the time (AED 1,402). 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. 1105's AED 75,000 is in the lower half 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
11041-bedAED 1.43M · May 2016
11061-bedAED 1.75M · Mar 2016
11072-bedAED 2.3M · Oct 2023
11081-bedAED 565K · Jun 2021
1–7 of 8

1105, Mada Residences in numbers

  • Sold twice: first on 19 April 2016 for AED 1,725,093, last on 29 May 2023 for AED 693,841 (AED 1,260 per sqft).
  • Rented since November 2018 on 4 Ejari contracts, from AED 105,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2023 price is 10.8%, before a service charge of about AED 11,900 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 29 May 2023.

Questions about 1105, Mada Residences

What did unit 1105 last sell for?

AED 693,841 on 29 May 2023: AED 1,260 per sqft for 551 sqft. The unit has 2 registered sales; the first was AED 1,725,093 in April 2016.

What is the rent for unit 1105?

AED 75,000 a year on the contract renewed on 1 June 2021. The previous contract, from June 2020, was AED 75,000; the unit has been rented since November 2018.

How big is unit 1105?

551 sqft (51.2 sqm): a one-bedroom apartment on the 11th floor of a 36-storey tower completed in 2018.

What is unit 1105 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 1105, Mada Residences

Starts from the last sale price (AED 694K, 29 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 693,841
Deposit, UAE resident (20%)
AED 138,768
Deposit, non-resident (40%)
AED 277,536
Monthly over 25 years at 3.7%
AED 2,839

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