2-bed · 1,522 sqftMada Residences, Downtown Dubai · 26th floor · completed 2018

2604, Mada Residences

Sold prices and rental history: sold once, by the developer in June 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2604 · DLD and Ejari recordsUpdated 26 August 2024
Last soldAED 2.56M28 June 2018
Current rentAED 138K /yr26 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2604, Mada Residences

What is 2604 worth today?

Last sold for AED 2,557,599 in 2018

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26 Aug 2024RentedRenewal
AED 138,204/yr12 months · AED 91 per sqft
26 Aug 2023RentedRenewal
AED 120,175/yr12 months · AED 79 per sqft
26 Aug 2022RentedRenewal
AED 104,500/yr12 months · AED 69 per sqft
26 Aug 2021RentedRenewal
AED 95,000/yr12 months · AED 62 per sqft
26 Jun 2020RentedNew contract
AED 95,000/yr14 months · AED 62 per sqft
1 Mar 2019RentedNew contract
AED 120,000/yr13 months · AED 79 per sqft
28 Jun 2018Sold by developerOff-plan
AED 2,557,599AED 1,699 per sqft

Source: Dubai Land Department. Updated 26 August 2024.

Key facts

Type
2-bed apartment
Size
1,522 sqft
Floor
26th of 36
Parking
P4-40
Developer
Artar Real Estate Development
Completed
2018
Service charge
AED 33,000 /yr
Last sold
AED 2.56M · June 2018

About 2604, Mada Residences

2604 is a two-bedroom apartment of 1,522 sqft on the 26th 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 2,557,599, 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 continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 26 August 2024, is AED 138,204 a year: a gross yield of 5.4% on the 2018 price, before the service charge of about AED 33,000 a year.

Sales and rents for 2604 over time

Sales
Unit 2604, 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 2,557,599 (AED 1,699 per sqft)

2604 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2604, 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, March 2019: AED 120,000 a yearNew contract, June 2020: AED 95,000 a yearRenewal, August 2021: AED 95,000 a yearRenewal, August 2022: AED 104,500 a yearRenewal, August 2023: AED 120,175 a yearRenewal, August 2024: AED 138,204 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 2604 sits

All 80 2-beds →

2604 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. 2604's AED 138,204 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
26022-bedAED 1.6M · Mar 2021
26032-bedAED 2.55M · May 2026
26052-bedAED 2.8M · Sep 2024
26063-bedAED 3.69M · Jun 2018

2604, Mada Residences in numbers

  • Sold once: by Artar Real Estate Development on 28 June 2018 for AED 2,557,599, or AED 1,699 per sqft.
  • Rented since March 2019 on 6 Ejari contracts. The rent fell from AED 120,000 to AED 95,000 in 2021 and recovered to AED 138,204 by August 2024.
  • At AED 138,204 a year the gross yield on the 2018 price is 5.4%, before a service charge of about AED 33,000 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 26 August 2024.

Questions about 2604, Mada Residences

What did unit 2604 last sell for?

AED 2,557,599 on 28 June 2018, sold by the developer: AED 1,699 per sqft for 1,522 sqft. It is the only registered sale of the unit.

What is the rent for unit 2604?

AED 138,204 a year on the contract renewed on 26 August 2024. The previous contract, from August 2023, was AED 120,175; the unit has been rented since March 2019.

How big is unit 2604?

1,522 sqft (141.4 sqm): a two-bedroom apartment on the 26th floor of a 36-storey tower completed in 2018.

What is unit 2604 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 2604, Mada Residences

Starts from the last sale price (AED 2.56M, 28 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,557,599
Deposit, UAE resident (20%)
AED 511,520
Deposit, non-resident (40%)
AED 1,023,040
Monthly over 25 years at 3.7%
AED 10,464

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