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Studio · 598 sqftMadison Residences - Astor, Majan · 1st floor · completed 2013

120, Madison Residences - Astor

Sold prices and rental history: sold once, by the developer in October 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 120 · DLD and Ejari recordsUpdated 15 March 2026
Last soldAED 598K20 October 2014
Current rentAED 38K /yr15 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 120, Madison Residences - Astor

What is 120 worth today?

Last sold for AED 597,940 in 2014

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15 Mar 2026RentedRenewal
AED 38,000/yr12 months · AED 64 per sqft
15 Mar 2025RentedRenewal
AED 38,000/yr12 months · AED 64 per sqft
15 Mar 2025RentedRenewal
AED 38,000/yr12 months · AED 64 per sqft
15 Mar 2024RentedNew contract
AED 35,000/yr12 months · AED 59 per sqft
20 Jan 2023RentedNew contract
AED 30,000/yr12 months · AED 50 per sqft
11 Oct 2021RentedNew contract
AED 24,000/yr12 months · AED 40 per sqft
28 Jan 2021RentedNew contract
AED 25,000/yr12 months · AED 42 per sqft
1 Jul 2019RentedNew contract
AED 35,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 15 March 2026.

Key facts

Type
Studio apartment
Size
598 sqft
Floor
1st of 3
Parking
G-21
Developer
DAMAC
Completed
2013
Service charge
AED 10,000 /yr
Last sold
AED 598K · October 2014
Building
Madison Residences - Astor

About 120, Madison Residences - Astor

120 is a studio of 598 sqft on the 1st floor of Madison Residences - Astor, a 3-storey tower in Majan completed in 2013 by DAMAC. The developer sold it on 20 October 2014 for AED 597,940, or AED 1,000 per sqft, 9% below the AED 1,100 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 12 Ejari contracts. The current contract, renewed on 15 March 2026, is AED 38,000 a year: a gross yield of 6.4% on the 2014 price, before the service charge of about AED 10,000 a year.

Sales and rents for 120 over time

Sales
Unit 120, 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, October 2014: AED 597,940 (AED 1,000 per sqft)

120 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 120, each contractTypical studio in Madison Residences - Astor
20K30K40K2014201820222026Typical 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 2015: AED 40,000 a yearRenewal, March 2016: AED 40,000 a yearRenewal, March 2017: AED 40,000 a yearNew contract, January 2018: AED 36,000 a yearNew contract, July 2019: AED 35,000 a yearNew contract, January 2021: AED 25,000 a yearNew contract, October 2021: AED 24,000 a yearNew contract, January 2023: AED 30,000 a yearNew contract, March 2024: AED 35,000 a yearRenewal, March 2025: AED 38,000 a yearRenewal, March 2025: AED 38,000 a yearRenewal, March 2026: AED 38,000 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 120 sits

All 98 studios →

120 last sold in October 2014 at AED 1,000 per sqft, 9% below what studios in Madison Residences - Astor were fetching at the time (AED 1,100). 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. 120's AED 38,000 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

120, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 20 October 2014 for AED 597,940, or AED 1,000 per sqft.
  • Rented since March 2015 on 12 Ejari contracts. The rent fell from AED 40,000 to AED 24,000 in 2021 and recovered to AED 38,000 by March 2026.
  • At AED 38,000 a year the gross yield on the 2014 price is 6.4%, 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 15 March 2026.

Questions about 120, Madison Residences - Astor

What did unit 120 last sell for?

AED 597,940 on 20 October 2014, sold by the developer: AED 1,000 per sqft for 598 sqft. It is the only registered sale of the unit.

What is the rent for unit 120?

AED 38,000 a year on the contract renewed on 15 March 2026. The previous contract, from March 2025, was AED 38,000; the unit has been rented since March 2015.

How big is unit 120?

598 sqft (55.6 sqm): a studio on the 1st floor of a 3-storey tower completed in 2013.

What is unit 120 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 120, Madison Residences - Astor

Starts from the last sale price (AED 598K, 20 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 597,940
Deposit, UAE resident (20%)
AED 119,588
Deposit, non-resident (40%)
AED 239,176
Monthly over 25 years at 3.7%
AED 2,446

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