3501, Mada Residences
Sold prices and rental history: sold once, by the developer in April 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3501, Mada Residences
What is 3501 worth today?
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Source: Dubai Land Department. Updated 18 April 2024.
Key facts
- Type
- 4-bed apartment
- Size
- 2,888 sqft
- Floor
- 35th of 36
- Parking
- P1-24, P1-25
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 62,600 /yr
- Last sold
- AED 5.15M · April 2024
- Building
- Mada Residences
About 3501, Mada Residences
3501 is a four-bedroom apartment of 2,888 sqft on the 35th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . The developer sold it on 18 April 2024 for AED 5,150,000, or AED 1,783 per sqft, in line with the AED 1,767 four-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 202,125 a year: a gross yield of 3.9% on the 2024 price, before the service charge of about AED 62,600 a year.
Sales and rents for 3501 over time
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Mada Residences, and where 3501 sits
All 9 4-beds →3501 last sold in April 2024 at AED 1,783 per sqft, in line with what four-beds in Mada Residences were fetching at the time (AED 1,767). Over the last 12 months four-beds sold for AED 2,015,000, around AED 1,744 per sqft, and rent for AED 350,000 to 350,000 a year.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jul 202623 July 2026 | 1,155 sqft | 2,015,000 | 1,744 | ||
| 30 Dec 202430 December 2024 | 3,306 sqft | 6,100,000 | 1,845 | ||
| 11 Nov 202411 November 2024 | 3,306 sqft | 5,289,281 | 1,599 | ||
| 29 Aug 202429 August 2024 | 3,296 sqft | 5,454,586 | 1,654 |
Mada Residences
Building192 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%
Other units on the 35th floor
All 192 units in Mada Residences3501, Mada Residences in numbers
- Sold once: by Artar Real Estate Development on 18 April 2024 for AED 5,150,000, or AED 1,783 per sqft.
- Rented since December 2019 on 4 Ejari contracts. The rent fell from AED 200,000 to AED 175,000 in 2021 and recovered to AED 202,125 by February 2023.
- At AED 202,125 a year the gross yield on the 2024 price is 3.9%, before a service charge of about AED 62,600 a year (AED 21.66 per sqft).
- Four-beds in Mada Residences sold for AED 2,015,000–2,015,000 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 18 April 2024.
Questions about 3501, Mada Residences
What did unit 3501 last sell for?
AED 5,150,000 on 18 April 2024, sold by the developer: AED 1,783 per sqft for 2,888 sqft. It is the only registered sale of the unit.
What is the rent for unit 3501?
AED 202,125 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 192,500; the unit has been rented since December 2019.
How big is unit 3501?
2,888 sqft (268.3 sqm): a four-bedroom apartment on the 35th floor of a 36-storey tower completed in 2018.
What is unit 3501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Mada Residences sold for AED 2,015,000 to 2,015,000 in the last 12 months, around AED 1,744 per sqft.
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Mortgage on 3501, Mada Residences
Starts from the last sale price (AED 5.15M, 18 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,150,000
- Deposit, UAE resident (20%)
- AED 1,030,000
- Deposit, non-resident (40%)
- AED 2,060,000
- Monthly over 25 years at 3.7%
- AED 21,070
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →