1502, Mada Residences
Sold prices and rental history: sold twice, last in August 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Mada Residences
What is 1502 worth today?
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Source: Dubai Land Department. Updated 19 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,621 sqft
- Floor
- 15th of 36
- Parking
- P2-31
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 35,100 /yr
- Last sold
- AED 2.07M · August 2018
- Building
- Mada Residences
About 1502, Mada Residences
1502 is a two-bedroom apartment of 1,621 sqft on the 15th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . It last sold on 13 August 2018 for AED 2,070,000, or AED 1,277 per sqft, 25% below the AED 1,699 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 19 September 2026, is AED 140,000 a year: a gross yield of 6.8% on the 2018 price, before the service charge of about AED 35,100 a year.
Sales and rents for 1502 over time
1502 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1502 sits
All 80 2-beds →1502 last sold in August 2018 at AED 1,277 per sqft, 25% below what two-beds in Mada Residences were fetching at the time (AED 1,699). 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. 1502's AED 140,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Oct 20261 October 2026 | 1,656 sqft | 2,966,700 | 1,791 | ||
| 19 May 202619 May 2026 | 1,526 sqft | 2,550,000 | 1,671 | ||
| 31 Mar 202631 March 2026 | 1,628 sqft | 2,825,000 | 1,734 | ||
| 12 Dec 202512 December 2025 | 1,620 sqft | 3,158,400 | 1,949 |
Mada Residences
Building192 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%
Other units on the 15th floor
All 192 units in Mada Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 3-bed | 2,097 sqft | AED 2.5MAED 2,500,000 · Jan 2023January 2023 | 138,372 /yr | |
| 1503 | 2-bed | 1,527 sqft | AED 2.3MAED 2,300,000 · Oct 2023October 2023 | 100,000 /yr | |
| 1504 | 2-bed | 1,522 sqft | AED 2.03MAED 2,025,000 · Mar 2023March 2023 | 96,600 /yr | |
| 1505 | 2-bed | 1,624 sqft | AED 2.65MAED 2,651,273 · Mar 2016March 2016 | 190,000 /yr | |
| 1506 | 3-bed | 2,196 sqft | AED 3.43MAED 3,425,000 · Nov 2023November 2023 | 153,605 /yr |
1502, Mada Residences in numbers
- Sold twice: first on 27 March 2016 for AED 2,750,655, last on 13 August 2018 for AED 2,070,000 (AED 1,277 per sqft).
- Rented since January 2019 on 5 Ejari contracts. The rent fell from AED 125,000 to AED 105,000 in 2020 and recovered to AED 140,000 by September 2026.
- At AED 140,000 a year the gross yield on the 2018 price is 6.8%, before a service charge of about AED 35,100 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 19 September 2026.
Questions about 1502, Mada Residences
What did unit 1502 last sell for?
AED 2,070,000 on 13 August 2018: AED 1,277 per sqft for 1,621 sqft. The unit has 2 registered sales; the first was AED 2,750,655 in March 2016.
What is the rent for unit 1502?
AED 140,000 a year on the contract signed on 19 September 2026. The previous contract, from January 2022, was AED 110,500; the unit has been rented since January 2019.
How big is unit 1502?
1,621 sqft (150.6 sqm): a two-bedroom apartment on the 15th floor of a 36-storey tower completed in 2018.
What is unit 1502 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 1502, Mada Residences
Starts from the last sale price (AED 2.07M, 13 August 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,070,000
- Deposit, UAE resident (20%)
- AED 414,000
- Deposit, non-resident (40%)
- AED 828,000
- Monthly over 25 years at 3.7%
- AED 8,469
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →