3-bed · 2,383 sqftMada Residences, Downtown Dubai · 32nd floor · completed 2018

3202, Mada Residences

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

Unit 3202 · DLD and Ejari recordsUpdated 5 April 2021
Last soldAED 2.5M5 April 2021
Current rentAED 120K /yr10 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3202, Mada Residences

What is 3202 worth today?

Last sold for AED 2,500,000 in 2021

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5 Apr 2021SoldReady
AED 2,500,000AED 1,048 per sqft
5 Nov 2020Sold by developerReady
AED 2,085,125AED 874 per sqft
10 Aug 2020RentedNew contract
AED 120,000/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 5 April 2021.

Key facts

Type
3-bed apartment
Size
2,383 sqft
Floor
32nd of 36
Parking
P2-62, P2-63
Developer
Artar Real Estate Development
Completed
2018
Service charge
AED 51,600 /yr
Last sold
AED 2.5M · April 2021

About 3202, Mada Residences

3202 is a three-bedroom apartment of 2,383 sqft on the 32nd floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . It last sold on 5 April 2021 for AED 2,500,000, or AED 1,048 per sqft, 20% above the AED 874 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 August 2020. The current contract, signed on 10 August 2020, is AED 120,000 a year: a gross yield of 4.8% on the 2021 price, before the service charge of about AED 51,600 a year.

Sales and rents for 3202 over time

Sales
Unit 3202, 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, November 2020: AED 2,085,125 (AED 874 per sqft)Sold, April 2021: AED 2,500,000 (AED 1,048 per sqft)

3202 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3202, 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, August 2020: AED 120,000 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 3202 sits

All 48 3-beds →

3202 last sold in April 2021 at AED 1,048 per sqft, 20% above what three-beds in Mada Residences were fetching at the time (AED 874). 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. 3202's AED 120,000 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
32013-bedAED 2.08M · Jan 2021
32034-bedAED 3.5M · Mar 2021

3202, Mada Residences in numbers

  • Sold twice: first on 5 November 2020 for AED 2,085,125, last on 5 April 2021 for AED 2,500,000 (AED 1,048 per sqft).
  • Rented since August 2020 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2021 price is 4.8%, before a service charge of about AED 51,600 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 5 April 2021.

Questions about 3202, Mada Residences

What did unit 3202 last sell for?

AED 2,500,000 on 5 April 2021: AED 1,048 per sqft for 2,383 sqft. The unit has 2 registered sales; the first was AED 2,085,125 in November 2020.

What is the rent for unit 3202?

AED 120,000 a year on the contract signed on 10 August 2020.

How big is unit 3202?

2,383 sqft (221.4 sqm): a three-bedroom apartment on the 32nd floor of a 36-storey tower completed in 2018.

What is unit 3202 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 3202, Mada Residences

Starts from the last sale price (AED 2.5M, 5 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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