2-bed · 1,663 sqftMada Residences, Downtown Dubai · 11th floor · completed 2018

1107, Mada Residences

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1107 · DLD and Ejari recordsUpdated 9 October 2023
Last soldAED 2.3M9 October 2023
Current rentAED 121K /yr17 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1107, Mada Residences

What is 1107 worth today?

Last sold for AED 2,300,000 in 2023

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9 Oct 2023SoldReady
AED 2,300,000AED 1,383 per sqft
17 Apr 2023RentedNew contract
AED 120,750/yr12 months · AED 73 per sqft
29 Nov 2022SoldReady
AED 950,000AED 1,142 per sqft
17 Apr 2021RentedRenewal
AED 115,000/yr12 months · AED 69 per sqft
17 Apr 2020RentedRenewal
AED 105,000/yr12 months · AED 63 per sqft
17 Mar 2019RentedNew contract
AED 120,000/yr13 months · AED 72 per sqft
24 Jul 2016Sold by developerOff-plan
AED 2,639,778AED 1,626 per sqft

Source: Dubai Land Department. Updated 9 October 2023.

Key facts

Type
2-bed apartment
Size
1,663 sqft
Floor
11th of 36
Parking
P2-13
Developer
Artar Real Estate Development
Completed
2018
Service charge
AED 36,000 /yr
Last sold
AED 2.3M · October 2023

About 1107, Mada Residences

1107 is a two-bedroom apartment of 1,663 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 9 October 2023 for AED 2,300,000, or AED 1,383 per sqft, in line with the AED 1,383 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 17 April 2023, is AED 120,750 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 36,000 a year.

Sales and rents for 1107 over time

Sales
Unit 1107, each saleTypical two-bed in Mada Residences
1M2M3M2016201920222025Typical sale price by year: 2016 AED 2,609,020; 2017 AED 2,842,446; 2018 AED 2,727,956; 2021 AED 1,640,000; 2022 AED 2,112,500; 2023 AED 2,300,000; 2024 AED 2,666,126; 2025 AED 2,925,000; 2026 AED 2,825,000Sold by developer, July 2016: AED 2,639,778 (AED 1,626 per sqft)Sold, November 2022: AED 950,000 (AED 1,142 per sqft)Sold, October 2023: AED 2,300,000 (AED 1,383 per sqft)

1107 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1107, each contractTypical two-bed in Mada Residences
100K150K2018202120242027Typical rent by year: 2018 AED 120,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 100,000; 2022 AED 115,500; 2023 AED 140,000; 2024 AED 175,000; 2025 AED 169,400; 2026 AED 166,500New contract, March 2019: AED 120,000 a yearRenewal, April 2020: AED 105,000 a yearRenewal, April 2021: AED 115,000 a yearNew contract, April 2023: AED 120,750 a year

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

2-beds in Mada Residences, and where 1107 sits

All 80 2-beds →

1107 last sold in October 2023 at AED 1,383 per sqft, in line with what two-beds in Mada Residences were fetching at the time (AED 1,383). Over the last 12 months two-beds sold for AED 2,550,000 to 3,158,400, around AED 1,791 per sqft, and rent for AED 140,000 to 200,000 a year. 1107's AED 120,750 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Oct 20262,966,700
19 May 20262,550,000
31 Mar 20262,825,000
12 Dec 20253,158,400
5 2-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
11051-bedAED 694K · May 2023
11061-bedAED 1.75M · Mar 2016
11081-bedAED 565K · Jun 2021
1–7 of 8

1107, Mada Residences in numbers

  • Sold 3 times: first on 24 July 2016 for AED 2,639,778, last on 9 October 2023 for AED 2,300,000 (AED 1,383 per sqft).
  • Rented since March 2019 on 4 Ejari contracts. The rent fell from AED 120,000 to AED 105,000 in 2020 and recovered to AED 120,750 by April 2023.
  • At AED 120,750 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 36,000 a year (AED 21.66 per sqft).
  • Two-beds in Mada Residences sold for AED 2,550,000–3,158,400 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 9 October 2023.

Questions about 1107, Mada Residences

What did unit 1107 last sell for?

AED 2,300,000 on 9 October 2023: AED 1,383 per sqft for 1,663 sqft. The unit has 3 registered sales; the first was AED 2,639,778 in July 2016.

What is the rent for unit 1107?

AED 120,750 a year on the contract signed on 17 April 2023. The previous contract, from April 2021, was AED 115,000; the unit has been rented since March 2019.

How big is unit 1107?

1,663 sqft (154.5 sqm): a two-bedroom apartment on the 11th floor of a 36-storey tower completed in 2018.

What is unit 1107 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mada Residences sold for AED 2,550,000 to 3,158,400 in the last 12 months, around AED 1,791 per sqft.

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Mortgage on 1107, Mada Residences

Starts from the last sale price (AED 2.3M, 9 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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