1-bed · 1,015 sqftMadina Tower, Jumeirah Lake Towers (JLT) · 19th floor · completed 2007

1908, Madina Tower

Sold prices and rental history: sold twice, last in April 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1908 · DLD and Ejari recordsUpdated 29 August 2024
Last soldAED 900K28 April 2013
Current rentAED 80K /yr29 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1908, Madina Tower

What is 1908 worth today?

Last sold for AED 900,000 in 2013

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29 Aug 2024RentedRenewal
AED 80,000/yr12 months · AED 79 per sqft
29 Aug 2023RentedRenewal
AED 80,000/yr12 months · AED 79 per sqft
29 Aug 2022RentedNew contract
AED 75,000/yr12 months · AED 74 per sqft
25 Apr 2022RentedNew contract
AED 67,000/yr12 months · AED 66 per sqft
30 Dec 2021RentedNew contract
AED 53,900/yr12 months · AED 53 per sqft
30 Dec 2020RentedNew contract
AED 49,000/yr12 months · AED 48 per sqft
13 Dec 2019RentedRenewal
AED 74,919/yr6 months · AED 74 per sqft
18 Dec 2018RentedNew contract
AED 78,085/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 29 August 2024.

Key facts

Type
1-bed apartment
Size
1,015 sqft
Floor
19th of 28
Parking
DMCC-2071
Developer
Reef Real Estate Investment Co
Completed
2007
Service charge
AED 15,600 /yr
Last sold
AED 900K · April 2013
Building
Madina Tower

About 1908, Madina Tower

1908 is a one-bedroom apartment of 1,015 sqft on the 19th floor of Madina Tower, a 28-storey tower in Jumeirah Lake Towers (JLT) completed in 2007 by Reef Real Estate Investment Co. It last sold on 28 April 2013 for AED 900,000, or AED 886 per sqft, 4% above the AED 852 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 14 Ejari contracts. The current contract, renewed on 29 August 2024, is AED 80,000 a year: a gross yield of 8.9% on the 2013 price, before the service charge of about AED 15,600 a year.

Sales and rents for 1908 over time

Sales
Unit 1908, each saleTypical one-bed in Madina Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 704,475; 2011 AED 660,000; 2012 AED 700,000; 2013 AED 925,200; 2014 AED 1,205,000; 2015 AED 1,312,500; 2016 AED 1,275,000; 2017 AED 1,210,000; 2018 AED 1,100,000; 2020 AED 700,000; 2021 AED 780,000; 2022 AED 862,500; 2023 AED 1,000,000; 2024 AED 1,225,000; 2025 AED 1,315,000; 2026 AED 1,375,000Sold by developer, January 2009: AED 704,475 (AED 693 per sqft)Sold, April 2013: AED 900,000 (AED 886 per sqft)

1908 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1908, each contractTypical one-bed in Madina Tower
50K75K100K20112015201920232027Typical rent by year: 2011 AED 57,500; 2012 AED 65,000; 2013 AED 72,000; 2014 AED 90,000; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 90,000; 2018 AED 83,000; 2019 AED 71,000; 2020 AED 57,500; 2021 AED 55,000; 2022 AED 68,000; 2023 AED 80,000; 2024 AED 85,000; 2025 AED 93,250; 2026 AED 90,000New contract, June 2013: AED 75,000 a yearNew contract, June 2014: AED 78,750 a yearRenewal, June 2015: AED 82,687 a yearNew contract, May 2016: AED 90,000 a yearRenewal, May 2017: AED 90,000 a yearNew contract, May 2018: AED 85,000 a yearNew contract, December 2018: AED 78,085 a yearRenewal, December 2019: AED 74,919 a yearNew contract, December 2020: AED 49,000 a yearNew contract, December 2021: AED 53,900 a yearNew contract, April 2022: AED 67,000 a yearNew contract, August 2022: AED 75,000 a yearRenewal, August 2023: AED 80,000 a yearRenewal, August 2024: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Madina Tower, and where 1908 sits

All 80 1-beds →

1908 last sold in April 2013 at AED 886 per sqft, 4% above what one-beds in Madina Tower were fetching at the time (AED 852). Over the last 12 months one-beds sold for AED 1,055,300 to 1,400,000, around AED 1,356 per sqft, and rent for AED 75,000 to 130,000 a year. 1908's AED 80,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Sep 20261,355,000
25 Aug 20261,055,300
20 Apr 20261,375,000
21 Jan 20261,400,000
6 1-bed sales in the last 12 months

Madina Tower

Building

200 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 116K /yr
Typical yield
6.5%
Madina Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 19th floor

All 200 units in Madina Tower
Value
19011-bedAED 1.36M · Sep 2026
19022-bedAED 2.2M · Apr 2024
19032-bedAED 1.8M · Dec 2022
19041-bedAED 1.38M · Apr 2026
19051-bedAED 1.23M · Dec 2017
19062-bedAED 2M · May 2023
19072-bedAED 1.83M · Apr 2022

1908, Madina Tower in numbers

  • Sold twice: first on 6 January 2009 for AED 704,475, last on 28 April 2013 for AED 900,000 (AED 886 per sqft).
  • Rented since June 2013 on 14 Ejari contracts. The rent fell from AED 75,000 to AED 49,000 in 2020 and recovered to AED 80,000 by August 2024.
  • At AED 80,000 a year the gross yield on the 2013 price is 8.9%, before a service charge of about AED 15,600 a year (AED 15.38 per sqft).
  • One-beds in Madina Tower sold for AED 1,055,300–1,400,000 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 29 August 2024.

Questions about 1908, Madina Tower

What did unit 1908 last sell for?

AED 900,000 on 28 April 2013: AED 886 per sqft for 1,015 sqft. The unit has 2 registered sales; the first was AED 704,475 in January 2009.

What is the rent for unit 1908?

AED 80,000 a year on the contract renewed on 29 August 2024. The previous contract, from August 2023, was AED 80,000; the unit has been rented since June 2013.

How big is unit 1908?

1,015 sqft (94.3 sqm): a one-bedroom apartment on the 19th floor of a 28-storey tower completed in 2007.

What is unit 1908 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Madina Tower sold for AED 1,055,300 to 1,400,000 in the last 12 months, around AED 1,356 per sqft.

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Mortgage on 1908, Madina Tower

Starts from the last sale price (AED 900K, 28 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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