2-bed · 1,527 sqftMada Residences, Downtown Dubai · 19th floor · completed 2018

1903, Mada Residences

Sold prices and rental history: sold 3 times, last in May 2024, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1903 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 2.44M24 May 2024
Current rentAED 142K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1903, Mada Residences

What is 1903 worth today?

Last sold for AED 2,435,000 in 2024

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1 Oct 2024RentedNew contract
AED 141,750/yr12 months · AED 93 per sqft
24 May 2024SoldReady
AED 2,435,000AED 1,594 per sqft
9 Sep 2022SoldReady
AED 2,200,000AED 1,440 per sqft
24 Jul 2016Sold by developerOff-plan
AED 2,449,631AED 1,604 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
2-bed apartment
Size
1,527 sqft
Floor
19th of 36
Parking
P2-52
Developer
Artar Real Estate Development
Completed
2018
Service charge
AED 33,100 /yr
Last sold
AED 2.44M · May 2024

About 1903, Mada Residences

1903 is a two-bedroom apartment of 1,527 sqft on the 19th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . It last sold on 24 May 2024 for AED 2,435,000, or AED 1,594 per sqft, 6% above the AED 1,506 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2024. The current contract, signed on 1 October 2024, is AED 141,750 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 33,100 a year.

Sales and rents for 1903 over time

Sales
Unit 1903, 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, July 2016: AED 2,449,631 (AED 1,604 per sqft)Sold, September 2022: AED 2,200,000 (AED 1,440 per sqft)Sold, May 2024: AED 2,435,000 (AED 1,594 per sqft)

1903 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1903, each contractTypical two-bed in Mada Residences
100K150K2018202120242027Typical 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, October 2024: AED 141,750 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 1903 sits

All 80 2-beds →

1903 last sold in May 2024 at AED 1,594 per sqft, 6% above what two-beds in Mada Residences were fetching at the time (AED 1,506). 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. 1903's AED 141,750 is in the lower 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 19th floor

All 192 units in Mada Residences
Value
19013-bedAED 7.26M · Oct 2026
19022-bedAED 1.67M · Jun 2021
19042-bedAED 1.8M · Oct 2021
19052-bedAED 2.3M · Jan 2023
19063-bedAED 3.2M · Oct 2023

1903, Mada Residences in numbers

  • Sold 3 times: first on 24 July 2016 for AED 2,449,631, last on 24 May 2024 for AED 2,435,000 (AED 1,594 per sqft).
  • Rented since October 2024 on one Ejari contract, at AED 141,750 a year.
  • At AED 141,750 a year the gross yield on the 2024 price is 5.8%, 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 October 2024.

Questions about 1903, Mada Residences

What did unit 1903 last sell for?

AED 2,435,000 on 24 May 2024: AED 1,594 per sqft for 1,527 sqft. The unit has 3 registered sales; the first was AED 2,449,631 in July 2016.

What is the rent for unit 1903?

AED 141,750 a year on the contract signed on 1 October 2024.

How big is unit 1903?

1,527 sqft (141.9 sqm): a two-bedroom apartment on the 19th floor of a 36-storey tower completed in 2018.

What is unit 1903 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 1903, Mada Residences

Starts from the last sale price (AED 2.44M, 24 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,435,000
Deposit, UAE resident (20%)
AED 487,000
Deposit, non-resident (40%)
AED 974,000
Monthly over 25 years at 3.7%
AED 9,962

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