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Studio · 518 sqftMasaar Residence, Jumeirah Village Circle (JVC) · 2nd floor · completed 2014

215, Masaar Residence

Sold prices and rental history: sold twice, last in September 2020, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 215 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 245K30 September 2020
Current rentAED 35K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 215, Masaar Residence

What is 215 worth today?

Last sold for AED 245,000 in 2020

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1 May 2026RentedRenewal
AED 35,000/yr12 months · AED 68 per sqft
1 May 2025RentedNew contract
AED 35,000/yr12 months · AED 68 per sqft
1 Jun 2024RentedRenewal
AED 29,000/yr12 months · AED 56 per sqft
1 Jun 2023RentedRenewal
AED 26,450/yr12 months · AED 51 per sqft
1 Jun 2022RentedNew contract
AED 23,000/yr12 months · AED 45 per sqft
30 Sep 2020SoldReady
AED 245,000AED 473 per sqft
1 Jun 2019RentedNew contract
AED 30,000/yr12 months · AED 58 per sqft
16 Feb 2014Sold by developerOff-plan
AED 494,040AED 954 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
Studio apartment
Size
518 sqft
Floor
2nd of 4
Parking
B-90
Developer
Masaar Tower Properties Development
Completed
2014
Service charge
AED 7,400 /yr
Last sold
AED 245K · September 2020
Building
Masaar Residence

About 215, Masaar Residence

215 is a studio of 518 sqft on the 2nd floor of Masaar Residence, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2014 by Masaar Tower Properties Development. It last sold on 30 September 2020 for AED 245,000, or AED 473 per sqft, in line with the AED 473 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 35,000 a year: a gross yield of 14.3% on the 2020 price, before the service charge of about AED 7,400 a year.

Sales and rents for 215 over time

Sales
Unit 215, each saleTypical studio in Masaar Residence
400K2013201720212025Typical sale price by year: 2013 AED 435,700; 2014 AED 476,560; 2015 AED 485,000; 2016 AED 490,000; 2017 AED 490,000; 2019 AED 300,000; 2020 AED 245,000; 2023 AED 310,000; 2024 AED 395,000; 2025 AED 435,000; 2026 AED 490,000Sold by developer, February 2014: AED 494,040 (AED 954 per sqft)Sold, September 2020: AED 245,000 (AED 473 per sqft)

215 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 215, each contractTypical studio in Masaar Residence
20K40K20152018202120242027Typical rent by year: 2015 AED 45,000; 2016 AED 45,000; 2017 AED 45,000; 2018 AED 36,000; 2019 AED 30,000; 2020 AED 24,000; 2021 AED 21,000; 2022 AED 24,100; 2023 AED 28,000; 2024 AED 35,200; 2025 AED 43,000; 2026 AED 40,000New contract, June 2019: AED 30,000 a yearNew contract, June 2022: AED 23,000 a yearRenewal, June 2023: AED 26,450 a yearRenewal, June 2024: AED 29,000 a yearNew contract, May 2025: AED 35,000 a yearRenewal, May 2026: AED 35,000 a year

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

Studios in Masaar Residence, and where 215 sits

All 56 studios →

215 last sold in September 2020 at AED 473 per sqft, in line with what studios in Masaar Residence were fetching at the time (AED 473). Over the last 12 months studios sold for AED 73,382 to 715,000, around AED 996 per sqft, and rent for AED 33,000 to 69,600 a year. 215's AED 35,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
27 Oct 2026475,000
3 Sep 2026450,000
2 Sep 2026715,000
13 May 2026490,000
8 studio sales in the last 12 months

Masaar Residence

Building

94 apartments, studios to 2-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2014 by Masaar Tower Properties Development. 11 sold in the last 12 months.

Typical price per sqft
AED 964 Up 22.0%
Typical sale
AED 500K
Typical rent
AED 55K /yr
Typical yield
7.9%
Masaar Residence, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 2nd floor

All 94 units in Masaar Residence
Value
2012-bedAED 1.05M · Jun 2017
2021-bedAED 600K · Aug 2024
2031-bedAED 575K · Mar 2025
2041-bedAED 510K · Oct 2024
205StudioAED 500K · Jan 2026
206StudioAED 425K · Jan 2015
207StudioAED 290K · Apr 2023
1–7 of 20

215, Masaar Residence in numbers

  • Sold twice: first on 16 February 2014 for AED 494,040, last on 30 September 2020 for AED 245,000 (AED 473 per sqft).
  • Rented since June 2019 on 6 Ejari contracts. The rent fell from AED 30,000 to AED 23,000 in 2022 and recovered to AED 35,000 by May 2026.
  • At AED 35,000 a year the gross yield on the 2020 price is 14.3%, before a service charge of about AED 7,400 a year (AED 14.29 per sqft).
  • Studios in Masaar Residence sold for AED 73,382–715,000 in the 12 months to November 2026; the building's median across all types is AED 964 per sqft.

Source: Dubai Land Department. Updated 1 May 2026.

Questions about 215, Masaar Residence

What did unit 215 last sell for?

AED 245,000 on 30 September 2020: AED 473 per sqft for 518 sqft. The unit has 2 registered sales; the first was AED 494,040 in February 2014.

What is the rent for unit 215?

AED 35,000 a year on the contract renewed on 1 May 2026. The previous contract, from May 2025, was AED 35,000; the unit has been rented since June 2019.

How big is unit 215?

518 sqft (48.1 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2014.

What is unit 215 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Masaar Residence sold for AED 73,382 to 715,000 in the last 12 months, around AED 996 per sqft.

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Mortgage on 215, Masaar Residence

Starts from the last sale price (AED 245K, 30 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 245,000
Deposit, UAE resident (20%)
AED 49,000
Deposit, non-resident (40%)
AED 98,000
Monthly over 25 years at 3.7%
AED 1,002

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