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Studio · 589 sqftMadison Residences - Astor, Majan · 1st floor · completed 2013

116, Madison Residences - Astor

Sold prices and rental history: sold twice, last in March 2014, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 20 November 2025
Last soldAED 718K25 March 2014
Current rentAED 44K /yr20 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Madison Residences - Astor

What is 116 worth today?

Last sold for AED 718,000 in 2014

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20 Nov 2025RentedRenewal
AED 44,000/yr12 months · AED 75 per sqft
20 Nov 2024RentedNew contract
AED 44,000/yr12 months · AED 75 per sqft
24 Oct 2023RentedNew contract
AED 38,000/yr12 months · AED 65 per sqft
12 Mar 2023RentedNew contract
AED 36,000/yr12 months · AED 61 per sqft
25 Mar 2014SoldReady
AED 718,000AED 1,218 per sqft
7 Jul 2009Sold by developerOff-plan
AED 718,000AED 1,218 per sqft

Source: Dubai Land Department. Updated 20 November 2025.

Key facts

Type
Studio apartment
Size
589 sqft
Floor
1st of 3
Parking
G-17
Developer
DAMAC
Completed
2013
Service charge
AED 9,900 /yr
Last sold
AED 718K · March 2014
Building
Madison Residences - Astor

About 116, Madison Residences - Astor

116 is a studio of 589 sqft on the 1st floor of Madison Residences - Astor, a 3-storey tower in Majan completed in 2013 by DAMAC. It last sold on 25 March 2014 for AED 718,000, or AED 1,218 per sqft, in line with the AED 1,199 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 20 November 2025, is AED 44,000 a year: a gross yield of 6.1% on the 2014 price, before the service charge of about AED 9,900 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical studio in Madison Residences - Astor
250K500K750K2009201420192024Typical sale price by year: 2009 AED 718,000; 2013 AED 493,735; 2014 AED 581,470; 2015 AED 556,500; 2016 AED 425,000; 2021 AED 230,000; 2023 AED 362,500; 2024 AED 414,360; 2025 AED 475,000; 2026 AED 435,000Sold by developer, July 2009: AED 718,000 (AED 1,218 per sqft)Sold, March 2014: AED 718,000 (AED 1,218 per sqft)

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

Rents
Unit 116, each contractTypical studio in Madison Residences - Astor
20K40K2014201820222026Typical rent by year: 2014 AED 40,000; 2015 AED 42,000; 2016 AED 41,000; 2017 AED 38,750; 2018 AED 33,000; 2019 AED 28,000; 2020 AED 24,000; 2021 AED 21,000; 2022 AED 24,000; 2023 AED 28,800; 2024 AED 33,600; 2025 AED 36,500; 2026 AED 36,000New contract, March 2023: AED 36,000 a yearNew contract, October 2023: AED 38,000 a yearNew contract, November 2024: AED 44,000 a yearRenewal, November 2025: AED 44,000 a year

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

Studios in Madison Residences - Astor, and where 116 sits

All 98 studios →

116 last sold in March 2014 at AED 1,218 per sqft, in line with what studios in Madison Residences - Astor were fetching at the time (AED 1,199). Over the last 12 months studios sold for AED 410,000 to 460,000, around AED 772 per sqft, and rent for AED 20,000 to 56,400 a year. 116's AED 44,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Oct 2026410,000
15 Sep 2026420,000
7 Jul 2026454,915
30 Apr 2026417,571
8 studio sales in the last 12 months

Madison Residences - Astor

Building

116 apartments, studios to 2-bed over 3 floors in Majan, completed in 2013 by DAMAC. 8 sold in the last 12 months.

Typical price per sqft
AED 772
Typical sale
AED 430K
Typical rent
AED 38K /yr
Typical yield
8.9%
Madison Residences - Astor, Majan: prices, sales and rents →

Other units on the 1st floor

All 116 units in Madison Residences - Astor
Value
1012-bedAED 780K · Apr 2024
102StudioAED 450K · May 2024
103StudioAED 410K · Oct 2026
104StudioAED 510K · Oct 2025
105StudioAED 683K · Mar 2014
106StudioAED 832K · Mar 2014
1071-bedAED 739K · Feb 2014
1–7 of 38

116, Madison Residences - Astor in numbers

  • Sold twice: first on 7 July 2009 for AED 718,000, last on 25 March 2014 for AED 718,000 (AED 1,218 per sqft).
  • Rented since March 2023 on 4 Ejari contracts, from AED 36,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2014 price is 6.1%, before a service charge of about AED 9,900 a year (AED 16.76 per sqft).
  • Studios in Madison Residences - Astor sold for AED 410,000–460,000 in the 12 months to November 2026; the building's median across all types is AED 772 per sqft.

Source: Dubai Land Department. Updated 20 November 2025.

Questions about 116, Madison Residences - Astor

What did unit 116 last sell for?

AED 718,000 on 25 March 2014: AED 1,218 per sqft for 589 sqft. The unit has 2 registered sales; the first was AED 718,000 in July 2009.

What is the rent for unit 116?

AED 44,000 a year on the contract renewed on 20 November 2025. The previous contract, from November 2024, was AED 44,000; the unit has been rented since March 2023.

How big is unit 116?

589 sqft (54.7 sqm): a studio on the 1st floor of a 3-storey tower completed in 2013.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Madison Residences - Astor sold for AED 410,000 to 460,000 in the last 12 months, around AED 772 per sqft.

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Mortgage on 116, Madison Residences - Astor

Starts from the last sale price (AED 718K, 25 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 718,000
Deposit, UAE resident (20%)
AED 143,600
Deposit, non-resident (40%)
AED 287,200
Monthly over 25 years at 3.7%
AED 2,938

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