1603, Mada Residences
Sold prices and rental history: sold once, by the developer in November 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Mada Residences
What is 1603 worth today?
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Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,527 sqft
- Floor
- 16th of 36
- Parking
- P2-42
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 33,100 /yr
- Last sold
- AED 2.52M · November 2016
- Building
- Mada Residences
About 1603, Mada Residences
1603 is a two-bedroom apartment of 1,527 sqft on the 16th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . The developer sold it on 20 November 2016 for AED 2,524,044, or AED 1,652 per sqft, in line with the AED 1,626 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 10 Ejari contracts. The current contract, renewed on 1 August 2026, is AED 149,333 a year: a gross yield of 5.9% on the 2016 price, before the service charge of about AED 33,100 a year.
Sales and rents for 1603 over time
1603 has sold once; 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 1603 sits
All 80 2-beds →1603 last sold in November 2016 at AED 1,652 per sqft, in line with what two-beds in Mada Residences were fetching at the time (AED 1,626). 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. 1603's AED 149,333 is in the lower half 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 16th floor
All 192 units in Mada Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 3-bed | 2,102 sqft | AED 3.66MAED 3,658,500 · Sep 2026September 2026 | 170,000 /yr | |
| 1602 | 2-bed | 1,621 sqft | AED 2.94MAED 2,935,106 · Dec 2016December 2016 | ||
| 1604 | 2-bed | 1,522 sqft | AED 2.56MAED 2,557,599 · Jun 2018June 2018 | 170,000 /yr | |
| 1605 | 2-bed | 1,662 sqft | AED 2.76MAED 2,760,902 · Jun 2018June 2018 | 170,000 /yr | |
| 1606 | 3-bed | 2,196 sqft | AED 3.69MAED 3,689,561 · Jun 2018June 2018 | 204,114 /yr |
1603, Mada Residences in numbers
- Sold once: by Artar Real Estate Development on 20 November 2016 for AED 2,524,044, or AED 1,652 per sqft.
- Rented since December 2018 on 10 Ejari contracts. The rent fell from AED 135,000 to AED 95,000 in 2020 and recovered to AED 149,333 by August 2026.
- At AED 149,333 a year the gross yield on the 2016 price is 5.9%, before a service charge of about AED 33,100 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 1 August 2026.
Questions about 1603, Mada Residences
What did unit 1603 last sell for?
AED 2,524,044 on 20 November 2016, sold by the developer: AED 1,652 per sqft for 1,527 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 149,333 a year on the contract renewed on 1 August 2026. The previous contract, from August 2025, was AED 150,000; the unit has been rented since December 2018.
How big is unit 1603?
1,527 sqft (141.9 sqm): a two-bedroom apartment on the 16th floor of a 36-storey tower completed in 2018.
What is unit 1603 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 1603, Mada Residences
Starts from the last sale price (AED 2.52M, 20 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,524,044
- Deposit, UAE resident (20%)
- AED 504,809
- Deposit, non-resident (40%)
- AED 1,009,618
- Monthly over 25 years at 3.7%
- AED 10,327
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →