103, Madina Tower
Sold prices and rental history: sold once, by the developer in January 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 103, Madina Tower
What is 103 worth today?
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Source: Dubai Land Department. Updated 1 May 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 2,031 sqft
- Floor
- 1st of 28
- Parking
- DMCC-3307
- Developer
- Reef Real Estate Investment Co
- Completed
- 2007
- Service charge
- AED 31,200 /yr
- Last sold
- AED 1.51M · January 2009
- Building
- Madina Tower
About 103, Madina Tower
103 is a two-bedroom apartment of 2,031 sqft on the 1st floor of Madina Tower, a 28-storey tower in Jumeirah Lake Towers (JLT) completed in 2007 by Reef Real Estate Investment Co. The developer sold it on 8 January 2009 for AED 1,508,435, or AED 742 per sqft, 10% above the AED 673 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 187,110 a year: a gross yield of 12.4% on the 2009 price, before the service charge of about AED 31,200 a year.
Sales and rents for 103 over time
103 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Madina Tower, and where 103 sits
All 104 2-beds →103 last sold in January 2009 at AED 742 per sqft, 10% above what two-beds in Madina Tower were fetching at the time (AED 673). Over the last 12 months two-beds sold for AED 2,600,000 to 3,100,000, around AED 1,405 per sqft, and rent for AED 120,000 to 215,000 a year. 103's AED 187,110 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Sep 202616 September 2026 | 2,027 sqft | 3,100,000 | 1,529 | ||
| 22 Aug 202622 August 2026 | 2,031 sqft | 2,600,000 | 1,280 | ||
| 7 Nov 20257 November 2025 | 2,027 sqft | 2,800,000 | 1,381 | ||
| 14 Aug 202514 August 2025 | 2,031 sqft | 3,000,000 | 1,477 |
Madina Tower
Building200 apartments, 1-bed to 3-bed over 28 floors in Jumeirah Lake Towers (JLT), completed in 2007 by Reef Real Estate Investment Co. 8 sold in the last 12 months.
- Typical price per sqft
- AED 1,356
- Typical sale
- AED 1.39M
- Typical rent
- AED 110K /yr
- Typical yield
- 6.5%
Other units on the 1st floor
All 200 units in Madina Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 1,011 sqft | AED 643KAED 642,600 · Jan 2009January 2009 | 90,000 /yr | |
| 102 | 2-bed | 2,031 sqft | AED 1.51MAED 1,508,435 · Jan 2009January 2009 | 150,000 /yr | |
| 104 | 1-bed | 1,011 sqft | AED 1.23MAED 1,233,600 · Mar 2018March 2018 | 95,000 /yr | |
| 105 | 1-bed | 1,011 sqft | AED 900KAED 900,000 · Jun 2023June 2023 | 90,000 /yr | |
| 106 | 2-bed | 2,033 sqft | AED 1.23MAED 1,228,632 · Aug 2014August 2014 | ||
| 107 | 2-bed | 2,033 sqft | AED 1.25MAED 1,253,203 · Aug 2014August 2014 | ||
| 108 | 1-bed | 1,011 sqft | AED 896KAED 896,029 · May 2023May 2023 | 75,000 /yr |
103, Madina Tower in numbers
- Sold once: by Reef Real Estate Investment Co on 8 January 2009 for AED 1,508,435, or AED 742 per sqft.
- Rented since April 2014 on 10 Ejari contracts. The rent fell from AED 118,250 to AED 76,000 in 2022 and recovered to AED 187,110 by May 2026.
- At AED 187,110 a year the gross yield on the 2009 price is 12.4%, before a service charge of about AED 31,200 a year (AED 15.38 per sqft).
- Two-beds in Madina Tower sold for AED 2,600,000–3,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,356 per sqft.
Source: Dubai Land Department. Updated 1 May 2026.
Questions about 103, Madina Tower
What did unit 103 last sell for?
AED 1,508,435 on 8 January 2009, sold by the developer: AED 742 per sqft for 2,031 sqft. It is the only registered sale of the unit.
What is the rent for unit 103?
AED 187,110 a year on the contract renewed on 1 May 2026. The previous contract, from May 2025, was AED 178,200; the unit has been rented since April 2014.
How big is unit 103?
2,031 sqft (188.7 sqm): a two-bedroom apartment on the 1st floor of a 28-storey tower completed in 2007.
What is unit 103 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Madina Tower sold for AED 2,600,000 to 3,100,000 in the last 12 months, around AED 1,405 per sqft.
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Mortgage on 103, Madina Tower
Starts from the last sale price (AED 1.51M, 8 January 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,508,435
- Deposit, UAE resident (20%)
- AED 301,687
- Deposit, non-resident (40%)
- AED 603,374
- Monthly over 25 years at 3.7%
- AED 6,171
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →