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2-bed · 1,662 sqftMada Residences, Downtown Dubai · 17th floor · completed 2018

1705, Mada Residences

Sold prices and rental history: sold once, by the developer in June 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1705 · DLD and Ejari recordsUpdated 4 June 2024
Last soldAED 2.76M28 June 2018
Current rentAED 185K /yr4 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1705, Mada Residences

What is 1705 worth today?

Last sold for AED 2,760,902 in 2018

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4 Jun 2024RentedNew contract
AED 185,000/yr12 months · AED 111 per sqft
5 Sep 2021RentedNew contract
AED 140,000/yr12 months · AED 84 per sqft
28 Jun 2018Sold by developerOff-plan
AED 2,760,902AED 1,699 per sqft

Source: Dubai Land Department. Updated 4 June 2024.

Key facts

Type
2-bed apartment
Size
1,662 sqft
Floor
17th of 36
Parking
P4-5
Developer
Artar Real Estate Development
Completed
2018
Service charge
AED 36,000 /yr
Last sold
AED 2.76M · June 2018
Building
Mada Residences

About 1705, Mada Residences

1705 is a two-bedroom apartment of 1,662 sqft on the 17th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . The developer sold it on 28 June 2018 for AED 2,760,902, or AED 1,699 per sqft, in line with the AED 1,699 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 4 June 2024, is AED 185,000 a year: a gross yield of 6.7% on the 2018 price, before the service charge of about AED 36,000 a year.

Sales and rents for 1705 over time

Sales
Unit 1705, each saleTypical two-bed in Mada Residences
2M3M2016201920222025Typical 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, June 2018: AED 2,760,902 (AED 1,699 per sqft)

1705 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1705, each contractTypical two-bed in Mada Residences
100K150K200K2018202120242027Typical 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, September 2021: AED 140,000 a yearNew contract, June 2024: AED 185,000 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 1705 sits

All 80 2-beds →

1705 last sold in June 2018 at AED 1,699 per sqft, in line with 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. 1705's AED 185,000 is in the upper half 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 17th floor

All 192 units in Mada Residences
Value
17013-bedAED 3.51M · Jun 2018
17022-bedAED 2.74M · Jun 2018
17032-bedAED 2.58M · Jun 2018
17042-bedAED 2.56M · Jun 2018
17063-bedAED 4M · Oct 2025

1705, Mada Residences in numbers

  • Sold once: by Artar Real Estate Development on 28 June 2018 for AED 2,760,902, or AED 1,699 per sqft.
  • Rented since September 2021 on 2 Ejari contracts, from AED 140,000 to AED 185,000 a year.
  • At AED 185,000 a year the gross yield on the 2018 price is 6.7%, 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 4 June 2024.

Questions about 1705, Mada Residences

What did unit 1705 last sell for?

AED 2,760,902 on 28 June 2018, sold by the developer: AED 1,699 per sqft for 1,662 sqft. It is the only registered sale of the unit.

What is the rent for unit 1705?

AED 185,000 a year on the contract signed on 4 June 2024. The previous contract, from September 2021, was AED 140,000.

How big is unit 1705?

1,662 sqft (154.4 sqm): a two-bedroom apartment on the 17th floor of a 36-storey tower completed in 2018.

What is unit 1705 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 1705, Mada Residences

Starts from the last sale price (AED 2.76M, 28 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,760,902
Deposit, UAE resident (20%)
AED 552,180
Deposit, non-resident (40%)
AED 1,104,361
Monthly over 25 years at 3.7%
AED 11,296

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