704, Mada Residences
Sold prices and rental history: sold twice, last in September 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Mada Residences
What is 704 worth today?
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Source: Dubai Land Department. Updated 27 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 904 sqft
- Floor
- 7th of 36
- Parking
- P3-58
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 19,600 /yr
- Last sold
- AED 1.5M · September 2023
- Building
- Mada Residences
About 704, Mada Residences
704 is a one-bedroom apartment of 904 sqft on the 7th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development . It last sold on 27 September 2023 for AED 1,500,000, or AED 1,660 per sqft, 14% above the AED 1,459 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 31 January 2023, is AED 77,440 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 19,600 a year.
Sales and rents for 704 over time
704 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Mada Residences, and where 704 sits
All 55 1-beds →704 last sold in September 2023 at AED 1,660 per sqft, 14% above what one-beds in Mada Residences were fetching at the time (AED 1,459). Over the last 12 months one-beds sold for AED 1,580,000 to 2,150,000, around AED 1,922 per sqft, and rent for AED 72,500 to 150,000 a year. 704's AED 77,440 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Apr 202620 April 2026 | 1,040 sqft | 2,150,000 | 2,066 | ||
| 9 Feb 20269 February 2026 | 889 sqft | 1,580,000 | 1,777 | ||
| 28 Jul 202528 July 2025 | 1,101 sqft | 2,000,000 | 1,816 | ||
| 14 Jul 202514 July 2025 | 1,114 sqft | 2,150,000 | 1,929 |
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 7th floor
All 192 units in Mada Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 882 sqft | AED 1.39MAED 1,394,943 · Mar 2016March 2016 | 103,950 /yr | |
| 702 | 1-bed | 1,141 sqft | AED 1.05MAED 1,050,000 · Feb 2021February 2021 | 145,000 /yr | |
| 703 | 2-bed | 1,628 sqft | AED 2.83MAED 2,825,000 · Mar 2026March 2026 | 165,000 /yr | |
| 705 | 1-bed | 1,101 sqft | AED 1.74MAED 1,744,000 · Dec 2023December 2023 | 160,000 /yr | |
| 706 | 1-bed | 1,114 sqft | AED 1.8MAED 1,800,000 · Mar 2024March 2024 | 170,000 /yr | |
| 707 | 2-bed | 1,664 sqft | AED 2.76MAED 2,759,066 · Jun 2018June 2018 | 180,000 /yr | |
| 708 | 1-bed | 1,070 sqft | AED 1.73MAED 1,731,162 · May 2016May 2016 | 110,000 /yr | |
| 709 | 1-bed | 1,040 sqft | AED 2.15MAED 2,150,000 · Apr 2026April 2026 | 78,750 /yr |
704, Mada Residences in numbers
- Sold twice: first on 24 February 2021 for AED 790,000, last on 27 September 2023 for AED 1,500,000 (AED 1,660 per sqft).
- Rented since January 2021 on 3 Ejari contracts, from AED 64,000 to AED 77,440 a year.
- At AED 77,440 a year the gross yield on the 2023 price is 5.2%, before a service charge of about AED 19,600 a year (AED 21.66 per sqft).
- One-beds in Mada Residences sold for AED 1,580,000–2,150,000 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 27 September 2023.
Questions about 704, Mada Residences
What did unit 704 last sell for?
AED 1,500,000 on 27 September 2023: AED 1,660 per sqft for 904 sqft. The unit has 2 registered sales; the first was AED 790,000 in February 2021.
What is the rent for unit 704?
AED 77,440 a year on the contract renewed on 31 January 2023. The previous contract, from January 2022, was AED 70,400; the unit has been rented since January 2021.
How big is unit 704?
904 sqft (84.0 sqm): a one-bedroom apartment on the 7th floor of a 36-storey tower completed in 2018.
What is unit 704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mada Residences sold for AED 1,580,000 to 2,150,000 in the last 12 months, around AED 1,922 per sqft.
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Mortgage on 704, Mada Residences
Starts from the last sale price (AED 1.5M, 27 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,500,000
- Deposit, UAE resident (20%)
- AED 300,000
- Deposit, non-resident (40%)
- AED 600,000
- Monthly over 25 years at 3.7%
- AED 6,137
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →