306, Madina Tower
Sold prices and rental history: sold 3 times, last in August 2022, 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 306, Madina Tower
What is 306 worth today?
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Source: Dubai Land Department. Updated 31 August 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 2,031 sqft
- Floor
- 3rd of 28
- Parking
- DMCC-3276
- Developer
- Reef Real Estate Investment Co
- Completed
- 2007
- Service charge
- AED 31,200 /yr
- Last sold
- AED 1.6M · August 2022
- Building
- Madina Tower
About 306, Madina Tower
306 is a two-bedroom apartment of 2,031 sqft on the 3rd 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 31 August 2022 for AED 1,600,000, or AED 787 per sqft, 8% below the AED 855 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 25 March 2021, is AED 77,000 a year: a gross yield of 4.8% on the 2022 price, before the service charge of about AED 31,200 a year.
Sales and rents for 306 over time
306 has sold 3 times; 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 306 sits
All 104 2-beds →306 last sold in August 2022 at AED 787 per sqft, 8% below what two-beds in Madina Tower were fetching at the time (AED 855). 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. 306's AED 77,000 is at the bottom 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 3rd floor
All 200 units in Madina Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 1,012 sqft | AED 739KAED 738,990 · Jan 2009January 2009 | 92,500 /yr | |
| 302 | 2-bed | 2,031 sqft | AED 1.5MAED 1,500,000 · Apr 2021April 2021 | 65,000 /yr | |
| 303 | 2-bed | 2,031 sqft | AED 1.51MAED 1,508,435 · Jan 2009January 2009 | 150,000 /yr | |
| 304 | 1-bed | 1,012 sqft | AED 1.06MAED 1,055,300 · Aug 2026August 2026 | 63,000 /yr | |
| 305 | 1-bed | 1,012 sqft | AED 1.05MAED 1,050,000 · May 2018May 2018 | 65,000 /yr | |
| 307 | 2-bed | 2,031 sqft | AED 1.8MAED 1,800,000 · May 2023May 2023 | 168,000 /yr | |
| 308 | 1-bed | 1,012 sqft | AED 1.29MAED 1,290,000 · Jan 2025January 2025 | 107,000 /yr |
306, Madina Tower in numbers
- Sold 3 times: first on 12 January 2009 for AED 1,555,088, last on 31 August 2022 for AED 1,600,000 (AED 787 per sqft).
- Rented since January 2014 on 7 Ejari contracts, from AED 145,000 to AED 77,000 a year.
- At AED 77,000 a year the gross yield on the 2022 price is 4.8%, 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 31 August 2022.
Questions about 306, Madina Tower
What did unit 306 last sell for?
AED 1,600,000 on 31 August 2022: AED 787 per sqft for 2,031 sqft. The unit has 3 registered sales; the first was AED 1,555,088 in January 2009.
What is the rent for unit 306?
AED 77,000 a year on the contract renewed on 25 March 2021. The previous contract, from March 2020, was AED 105,000; the unit has been rented since January 2014.
How big is unit 306?
2,031 sqft (188.7 sqm): a two-bedroom apartment on the 3rd floor of a 28-storey tower completed in 2007.
What is unit 306 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 306, Madina Tower
Starts from the last sale price (AED 1.6M, 31 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →