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2-bed · 1,619 sqftMada Residences, Downtown Dubai · 26th floor · completed 2018

2602, Mada Residences

Sold prices and rental history: sold twice, last in March 2021, and rented once, from July 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2602 · DLD and Ejari recordsUpdated 8 March 2021
Last soldAED 1.6M8 March 2021
Current rentAED 90K /yr9 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2602, Mada Residences

What is 2602 worth today?

Last sold for AED 1,600,000 in 2021

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8 Mar 2021SoldReady
AED 1,600,000AED 988 per sqft
5 Nov 2020Sold by developerReady
AED 1,416,625AED 875 per sqft
9 Jul 2020RentedNew contract
AED 90,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 8 March 2021.

Key facts

Type
2-bed apartment
Size
1,619 sqft
Floor
26th of 36
Parking
P4-38
Developer
Artar Real Estate Development
Completed
2018
Service charge
AED 35,100 /yr
Last sold
AED 1.6M · March 2021
Building
Mada Residences

About 2602, Mada Residences

2602 is a two-bedroom apartment of 1,619 sqft on the 26th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . It last sold on 8 March 2021 for AED 1,600,000, or AED 988 per sqft, 13% above the AED 875 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 9 July 2020. The current contract, signed on 9 July 2020, is AED 90,000 a year: a gross yield of 5.6% on the 2021 price, before the service charge of about AED 35,100 a year.

Sales and rents for 2602 over time

Sales
Unit 2602, 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, November 2020: AED 1,416,625 (AED 875 per sqft)Sold, March 2021: AED 1,600,000 (AED 988 per sqft)

2602 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2602, 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, July 2020: AED 90,000 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 2602 sits

All 80 2-beds →

2602 last sold in March 2021 at AED 988 per sqft, 13% above what two-beds in Mada Residences were fetching at the time (AED 875). 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. 2602's AED 90,000 is at the bottom 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 26th floor

All 192 units in Mada Residences
Value
26013-bedAED 3.25M · Jul 2018
26032-bedAED 2.55M · May 2026
26042-bedAED 2.56M · Jun 2018
26052-bedAED 2.8M · Sep 2024
26063-bedAED 3.69M · Jun 2018

2602, Mada Residences in numbers

  • Sold twice: first on 5 November 2020 for AED 1,416,625, last on 8 March 2021 for AED 1,600,000 (AED 988 per sqft).
  • Rented since July 2020 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2021 price is 5.6%, before a service charge of about AED 35,100 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 8 March 2021.

Questions about 2602, Mada Residences

What did unit 2602 last sell for?

AED 1,600,000 on 8 March 2021: AED 988 per sqft for 1,619 sqft. The unit has 2 registered sales; the first was AED 1,416,625 in November 2020.

What is the rent for unit 2602?

AED 90,000 a year on the contract signed on 9 July 2020.

How big is unit 2602?

1,619 sqft (150.4 sqm): a two-bedroom apartment on the 26th floor of a 36-storey tower completed in 2018.

What is unit 2602 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 2602, Mada Residences

Starts from the last sale price (AED 1.6M, 8 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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