508, Madina Tower
Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Madina Tower
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 1,012 sqft
- Floor
- 5th of 28
- Parking
- DMCC-3243
- Developer
- Reef Real Estate Investment Co
- Completed
- 2007
- Service charge
- AED 15,600 /yr
- Last sold
- AED 700K · November 2020
- Building
- Madina Tower
About 508, Madina Tower
508 is a one-bedroom apartment of 1,012 sqft on the 5th 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 11 November 2020 for AED 700,000, or AED 691 per sqft.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 1 November 2026, is AED 95,000 a year: a gross yield of 13.6% on the 2020 price, before the service charge of about AED 15,600 a year.
Sales and rents for 508 over time
508 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 Madina Tower, and where 508 sits
All 80 1-beds →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. 508's AED 95,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Sep 20263 September 2026 | 1,015 sqft | 1,355,000 | 1,334 | ||
| 25 Aug 202625 August 2026 | 1,012 sqft | 1,055,300 | 1,042 | ||
| 20 Apr 202620 April 2026 | 1,015 sqft | 1,375,000 | 1,354 | ||
| 21 Jan 202621 January 2026 | 1,015 sqft | 1,400,000 | 1,379 |
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 5th floor
All 200 units in Madina Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 1,012 sqft | AED 1.21MAED 1,205,000 · Jul 2014July 2014 | 105,000 /yr | |
| 502 | 2-bed | 2,031 sqft | AED 1.71MAED 1,705,577 · Jan 2009January 2009 | 130,000 /yr | |
| 503 | 2-bed | 2,031 sqft | AED 1.86MAED 1,863,452 · Apr 2023April 2023 | 95,000 /yr | |
| 504 | 1-bed | 1,012 sqft | AED 800KAED 800,000 · Oct 2021October 2021 | 78,000 /yr | |
| 505 | 1-bed | 1,012 sqft | AED 970KAED 970,000 · Apr 2013April 2013 | 75,000 /yr | |
| 506 | 2-bed | 2,031 sqft | AED 1.63MAED 1,625,000 · Jun 2021June 2021 | 90,000 /yr | |
| 507 | 2-bed | 2,031 sqft | AED 2.1MAED 2,100,000 · Dec 2017December 2017 |
508, Madina Tower in numbers
- Sold twice: first on 11 January 2009 for AED 642,000, last on 11 November 2020 for AED 700,000 (AED 691 per sqft).
- Rented since January 2018 on 8 Ejari contracts. The rent fell from AED 95,000 to AED 50,000 in 2021 and recovered to AED 95,000 by November 2026.
- At AED 95,000 a year the gross yield on the 2020 price is 13.6%, 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 1 November 2026.
Questions about 508, Madina Tower
What did unit 508 last sell for?
AED 700,000 on 11 November 2020: AED 691 per sqft for 1,012 sqft. The unit has 2 registered sales; the first was AED 642,000 in January 2009.
What is the rent for unit 508?
AED 95,000 a year on the contract renewed on 1 November 2026. The previous contract, from November 2025, was AED 95,000; the unit has been rented since January 2018.
How big is unit 508?
1,012 sqft (94.0 sqm): a one-bedroom apartment on the 5th floor of a 28-storey tower completed in 2007.
What is unit 508 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 508, Madina Tower
Starts from the last sale price (AED 700K, 11 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 700,000
- Deposit, UAE resident (20%)
- AED 140,000
- Deposit, non-resident (40%)
- AED 280,000
- Monthly over 25 years at 3.7%
- AED 2,864
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →