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Studio · 596 sqftMadison Residences - Astor, Majan · 1st floor · completed 2013

119, Madison Residences - Astor

Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 119 · DLD and Ejari recordsUpdated 11 July 2023
Last soldAED 370K11 July 2023
Current rentAED 24K /yr14 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 119, Madison Residences - Astor

What is 119 worth today?

Last sold for AED 370,000 in 2023

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11 Jul 2023SoldReady
AED 370,000AED 620 per sqft
14 Oct 2022RentedRenewal
AED 24,000/yr12 months · AED 40 per sqft
14 Oct 2021RentedNew contract
AED 20,000/yr12 months · AED 34 per sqft
1 Oct 2020RentedNew contract
AED 24,000/yr12 months · AED 40 per sqft
1 Oct 2019RentedNew contract
AED 26,000/yr12 months · AED 44 per sqft
28 Aug 2018RentedRenewal
AED 38,000/yr9 months · AED 64 per sqft
28 Aug 2017RentedRenewal
AED 41,500/yr12 months · AED 70 per sqft
28 Aug 2016RentedNew contract
AED 45,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 11 July 2023.

Key facts

Type
Studio apartment
Size
596 sqft
Floor
1st of 3
Parking
G-20
Developer
DAMAC
Completed
2013
Service charge
AED 10,000 /yr
Last sold
AED 370K · July 2023
Building
Madison Residences - Astor

About 119, Madison Residences - Astor

119 is a studio of 596 sqft on the 1st floor of Madison Residences - Astor, a 3-storey tower in Majan completed in 2013 by DAMAC. It last sold on 11 July 2023 for AED 370,000, or AED 620 per sqft, 4% above the AED 595 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 14 October 2022, is AED 24,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 10,000 a year.

Sales and rents for 119 over time

Sales
Unit 119, 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 2014: AED 596,330 (AED 1,000 per sqft)Sold, July 2023: AED 370,000 (AED 620 per sqft)

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

Rents
Unit 119, 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, August 2016: AED 45,000 a yearRenewal, August 2017: AED 41,500 a yearRenewal, August 2018: AED 38,000 a yearNew contract, October 2019: AED 26,000 a yearNew contract, October 2020: AED 24,000 a yearNew contract, October 2021: AED 20,000 a yearRenewal, October 2022: AED 24,000 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 119 sits

All 98 studios →

119 last sold in July 2023 at AED 620 per sqft, 4% above what studios in Madison Residences - Astor were fetching at the time (AED 595). 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. 119's AED 24,000 is in the lower 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

119, Madison Residences - Astor in numbers

  • Sold twice: first on 23 July 2014 for AED 596,330, last on 11 July 2023 for AED 370,000 (AED 620 per sqft).
  • Rented since August 2016 on 7 Ejari contracts. The rent fell from AED 45,000 to AED 20,000 in 2021 and recovered to AED 24,000 by October 2022.
  • At AED 24,000 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 10,000 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 11 July 2023.

Questions about 119, Madison Residences - Astor

What did unit 119 last sell for?

AED 370,000 on 11 July 2023: AED 620 per sqft for 596 sqft. The unit has 2 registered sales; the first was AED 596,330 in July 2014.

What is the rent for unit 119?

AED 24,000 a year on the contract renewed on 14 October 2022. The previous contract, from October 2021, was AED 20,000; the unit has been rented since August 2016.

How big is unit 119?

596 sqft (55.4 sqm): a studio on the 1st floor of a 3-storey tower completed in 2013.

What is unit 119 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 119, Madison Residences - Astor

Starts from the last sale price (AED 370K, 11 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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