3-bed · 2,407 sqftMada Residences, Downtown Dubai · 32nd floor · completed 2018

3201, Mada Residences

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

Unit 3201 · DLD and Ejari recordsUpdated 6 August 2022
Last soldAED 2.08M31 January 2021
Current rentAED 125K /yr6 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3201, Mada Residences

What is 3201 worth today?

Last sold for AED 2,084,536 in 2021

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6 Aug 2022RentedNew contract
AED 125,000/yr12 months · AED 52 per sqft
25 Mar 2021RentedNew contract
AED 125,000/yr12 months · AED 52 per sqft
31 Jan 2021Sold by developerReady
AED 2,084,536AED 866 per sqft

Source: Dubai Land Department. Updated 6 August 2022.

Key facts

Type
3-bed apartment
Size
2,407 sqft
Floor
32nd of 36
Parking
P2-60, P2-61
Developer
Artar Real Estate Development
Completed
2018
Service charge
AED 52,100 /yr
Last sold
AED 2.08M · January 2021

About 3201, Mada Residences

3201 is a three-bedroom apartment of 2,407 sqft on the 32nd floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . The developer sold it on 31 January 2021 for AED 2,084,536, or AED 866 per sqft.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 6 August 2022, is AED 125,000 a year: a gross yield of 6.0% on the 2021 price, before the service charge of about AED 52,100 a year.

Sales and rents for 3201 over time

Sales
Unit 3201, each saleTypical three-bed in Mada Residences
2M3M4M2016201920222025Typical 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, January 2021: AED 2,084,536 (AED 866 per sqft)

3201 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3201, 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, March 2021: AED 125,000 a yearNew contract, August 2022: AED 125,000 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 3201 sits

All 48 3-beds →

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. 3201's AED 125,000 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 32nd floor

All 192 units in Mada Residences
Value
32023-bedAED 2.5M · Apr 2021
32034-bedAED 3.5M · Mar 2021

3201, Mada Residences in numbers

  • Sold once: by Artar Real Estate Development on 31 January 2021 for AED 2,084,536, or AED 866 per sqft.
  • Rented since March 2021 on 2 Ejari contracts, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2021 price is 6.0%, before a service charge of about AED 52,100 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 6 August 2022.

Questions about 3201, Mada Residences

What did unit 3201 last sell for?

AED 2,084,536 on 31 January 2021, sold by the developer: AED 866 per sqft for 2,407 sqft. It is the only registered sale of the unit.

What is the rent for unit 3201?

AED 125,000 a year on the contract signed on 6 August 2022. The previous contract, from March 2021, was AED 125,000.

How big is unit 3201?

2,407 sqft (223.6 sqm): a three-bedroom apartment on the 32nd floor of a 36-storey tower completed in 2018.

What is unit 3201 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 3201, Mada Residences

Starts from the last sale price (AED 2.08M, 31 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,084,536
Deposit, UAE resident (20%)
AED 416,907
Deposit, non-resident (40%)
AED 833,814
Monthly over 25 years at 3.7%
AED 8,528

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