1504, Mada Residences
Sold prices and rental history: sold twice, last in March 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1504, Mada Residences
What is 1504 worth today?
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Source: Dubai Land Department. Updated 24 March 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,522 sqft
- Floor
- 15th of 36
- Parking
- P1-13
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 33,000 /yr
- Last sold
- AED 2.03M · March 2023
- Building
- Mada Residences
About 1504, Mada Residences
1504 is a two-bedroom apartment of 1,522 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 24 March 2023 for AED 2,025,000, or AED 1,330 per sqft, in line with the AED 1,323 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 25 January 2022, is AED 96,600 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 33,000 a year.
Sales and rents for 1504 over time
1504 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 1504 sits
All 80 2-beds →1504 last sold in March 2023 at AED 1,330 per sqft, in line with what two-beds in Mada Residences were fetching at the time (AED 1,323). 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. 1504's AED 96,600 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 | |
| 1502 | 2-bed | 1,621 sqft | AED 2.07MAED 2,070,000 · Aug 2018August 2018 | 140,000 /yr | |
| 1503 | 2-bed | 1,527 sqft | AED 2.3MAED 2,300,000 · Oct 2023October 2023 | 100,000 /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 |
1504, Mada Residences in numbers
- Sold twice: first on 21 March 2016 for AED 2,343,213, last on 24 March 2023 for AED 2,025,000 (AED 1,330 per sqft).
- Rented since January 2021 on 2 Ejari contracts, from AED 84,000 to AED 96,600 a year.
- At AED 96,600 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 33,000 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 24 March 2023.
Questions about 1504, Mada Residences
What did unit 1504 last sell for?
AED 2,025,000 on 24 March 2023: AED 1,330 per sqft for 1,522 sqft. The unit has 2 registered sales; the first was AED 2,343,213 in March 2016.
What is the rent for unit 1504?
AED 96,600 a year on the contract renewed on 25 January 2022. The previous contract, from January 2021, was AED 84,000.
How big is unit 1504?
1,522 sqft (141.4 sqm): a two-bedroom apartment on the 15th floor of a 36-storey tower completed in 2018.
What is unit 1504 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 1504, Mada Residences
Starts from the last sale price (AED 2.03M, 24 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,025,000
- Deposit, UAE resident (20%)
- AED 405,000
- Deposit, non-resident (40%)
- AED 810,000
- Monthly over 25 years at 3.7%
- AED 8,285
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →