3-bed · 2,108 sqftMada Residences, Downtown Dubai · 29th floor · completed 2018

2901, Mada Residences

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2901 · DLD and Ejari recordsUpdated 7 October 2024
Last soldAED 3.7M7 October 2024
Current rentAED 150K /yr20 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2901, Mada Residences

What is 2901 worth today?

Last sold for AED 3,700,000 in 2024

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7 Oct 2024SoldReady
AED 3,700,000AED 1,755 per sqft
20 Nov 2022RentedRenewal
AED 149,500/yr12 months · AED 71 per sqft
20 Oct 2021RentedRenewal
AED 130,000/yr13 months · AED 62 per sqft
20 Sep 2020RentedNew contract
AED 125,000/yr13 months · AED 59 per sqft
20 Feb 2020RentedRenewal
AED 140,000/yr12 months · AED 66 per sqft
20 Feb 2019RentedNew contract
AED 150,000/yr12 months · AED 71 per sqft
14 Jun 2016Sold by developerOff-plan
AED 3,483,086AED 1,687 per sqft

Source: Dubai Land Department. Updated 7 October 2024.

Key facts

Type
3-bed apartment
Size
2,108 sqft
Floor
29th of 36
Parking
P2-35, P2-36
Developer
Artar Real Estate Development
Completed
2018
Service charge
AED 45,700 /yr
Last sold
AED 3.7M · October 2024

About 2901, Mada Residences

2901 is a three-bedroom apartment of 2,108 sqft on the 29th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . It last sold on 7 October 2024 for AED 3,700,000, or AED 1,755 per sqft, 4% above the AED 1,689 three-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 20 November 2022, is AED 149,500 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 45,700 a year.

Sales and rents for 2901 over time

Sales
Unit 2901, each saleTypical three-bed in Mada Residences
3M4M2016201920222025Typical sale price by year: 2016 AED 3,466,579; 2018 AED 3,689,561; 2021 AED 2,577,832; 2023 AED 3,450,000; 2024 AED 3,675,000; 2025 AED 4,000,000; 2026 AED 4,175,000Sold by developer, June 2016: AED 3,483,086 (AED 1,687 per sqft)Sold, October 2024: AED 3,700,000 (AED 1,755 per sqft)

2901 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2901, each contractTypical three-bed in Mada Residences
150K200K2018202120242027Typical rent by year: 2018 AED 160,000; 2019 AED 150,000; 2020 AED 125,000; 2021 AED 130,000; 2022 AED 149,000; 2023 AED 171,000; 2024 AED 222,500; 2025 AED 220,000; 2026 AED 218,182New contract, February 2019: AED 150,000 a yearRenewal, February 2020: AED 140,000 a yearNew contract, September 2020: AED 125,000 a yearRenewal, October 2021: AED 130,000 a yearRenewal, November 2022: AED 149,500 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Mada Residences, and where 2901 sits

All 48 3-beds →

2901 last sold in October 2024 at AED 1,755 per sqft, 4% above what three-beds in Mada Residences were fetching at the time (AED 1,689). Over the last 12 months three-beds sold for AED 3,658,500 to 7,256,780, around AED 1,823 per sqft, and rent for AED 194,528 to 300,000 a year. 2901's AED 149,500 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
7 Oct 20267,256,780
9 Sep 20263,658,500
17 Jun 20264,300,000
16 Feb 20264,050,000
9 3-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 29th floor

All 192 units in Mada Residences
Value
29022-bedAED 2.98M · Jun 2016
29032-bedAED 1.5M · Mar 2021
29042-bedAED 2.54M · Jun 2016
29052-bedAED 2.5M · Jul 2023
29063-bedAED 3.9M · May 2025

2901, Mada Residences in numbers

  • Sold twice: first on 14 June 2016 for AED 3,483,086, last on 7 October 2024 for AED 3,700,000 (AED 1,755 per sqft).
  • Rented since February 2019 on 5 Ejari contracts. The rent fell from AED 150,000 to AED 125,000 in 2020 and recovered to AED 149,500 by November 2022.
  • At AED 149,500 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 45,700 a year (AED 21.66 per sqft).
  • Three-beds in Mada Residences sold for AED 3,658,500–7,256,780 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 7 October 2024.

Questions about 2901, Mada Residences

What did unit 2901 last sell for?

AED 3,700,000 on 7 October 2024: AED 1,755 per sqft for 2,108 sqft. The unit has 2 registered sales; the first was AED 3,483,086 in June 2016.

What is the rent for unit 2901?

AED 149,500 a year on the contract renewed on 20 November 2022. The previous contract, from October 2021, was AED 130,000; the unit has been rented since February 2019.

How big is unit 2901?

2,108 sqft (195.8 sqm): a three-bedroom apartment on the 29th floor of a 36-storey tower completed in 2018.

What is unit 2901 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Mada Residences sold for AED 3,658,500 to 7,256,780 in the last 12 months, around AED 1,823 per sqft.

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Mortgage on 2901, Mada Residences

Starts from the last sale price (AED 3.7M, 7 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,700,000
Deposit, UAE resident (20%)
AED 740,000
Deposit, non-resident (40%)
AED 1,480,000
Monthly over 25 years at 3.7%
AED 15,138

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