1506, Mada Residences
Sold prices and rental history: sold twice, last in November 2023, 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 1506, Mada Residences
What is 1506 worth today?
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Source: Dubai Land Department. Updated 30 November 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,196 sqft
- Floor
- 15th of 36
- Parking
- P2-1, P2-2
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 47,600 /yr
- Last sold
- AED 3.43M · November 2023
- Building
- Mada Residences
About 1506, Mada Residences
1506 is a three-bedroom apartment of 2,196 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 30 November 2023 for AED 3,425,000, or AED 1,559 per sqft, 3% above the AED 1,508 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 20 March 2023, is AED 153,605 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 47,600 a year.
Sales and rents for 1506 over time
1506 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Mada Residences, and where 1506 sits
All 48 3-beds →1506 last sold in November 2023 at AED 1,559 per sqft, 3% above what three-beds in Mada Residences were fetching at the time (AED 1,508). Over the last 12 months three-beds sold for AED 3,658,500 to 7,256,780, around AED 1,823 per sqft, and rent for AED 194,528 to 300,000 a year. 1506's AED 153,605 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Oct 20267 October 2026 | 2,103 sqft | 7,256,780 | 3,449 | ||
| 9 Sep 20269 September 2026 | 2,102 sqft | 3,658,500 | 1,740 | ||
| 17 Jun 202617 June 2026 | 2,408 sqft | 4,300,000 | 1,786 | ||
| 16 Feb 202616 February 2026 | 2,196 sqft | 4,050,000 | 1,844 |
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 | |
| 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, Mada Residences in numbers
- Sold twice: first on 14 June 2016 for AED 3,380,281, last on 30 November 2023 for AED 3,425,000 (AED 1,559 per sqft).
- Rented since May 2019 on 5 Ejari contracts. The rent fell from AED 145,000 to AED 115,000 in 2021 and recovered to AED 153,605 by March 2023.
- At AED 153,605 a year the gross yield on the 2023 price is 4.5%, before a service charge of about AED 47,600 a year (AED 21.66 per sqft).
- Three-beds in Mada Residences sold for AED 3,658,500–7,256,780 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 30 November 2023.
Questions about 1506, Mada Residences
What did unit 1506 last sell for?
AED 3,425,000 on 30 November 2023: AED 1,559 per sqft for 2,196 sqft. The unit has 2 registered sales; the first was AED 3,380,281 in June 2016.
What is the rent for unit 1506?
AED 153,605 a year on the contract renewed on 20 March 2023. The previous contract, from March 2022, was AED 132,250; the unit has been rented since May 2019.
How big is unit 1506?
2,196 sqft (204.0 sqm): a three-bedroom apartment on the 15th floor of a 36-storey tower completed in 2018.
What is unit 1506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Mada Residences sold for AED 3,658,500 to 7,256,780 in the last 12 months, around AED 1,823 per sqft.
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Mortgage on 1506, Mada Residences
Starts from the last sale price (AED 3.43M, 30 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,425,000
- Deposit, UAE resident (20%)
- AED 685,000
- Deposit, non-resident (40%)
- AED 1,370,000
- Monthly over 25 years at 3.7%
- AED 14,013
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →