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Studio · 553 sqftMadison Residences - Astor, Majan · 1st floor · completed 2013

127, Madison Residences - Astor

Sold prices and rental history: sold once, by the developer in July 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 127 · DLD and Ejari recordsUpdated 12 October 2020
Last soldAED 553K23 July 2014
Current rentAED 20K /yr12 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 127, Madison Residences - Astor

What is 127 worth today?

Last sold for AED 553,380 in 2014

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12 Oct 2020RentedNew contract
AED 20,000/yr12 months · AED 36 per sqft
4 Aug 2019RentedRenewal
AED 31,084/yr12 months · AED 57 per sqft
4 Aug 2018RentedRenewal
AED 36,000/yr12 months · AED 66 per sqft
4 Aug 2017RentedNew contract
AED 39,000/yr12 months · AED 71 per sqft
23 Jul 2014Sold by developerReady
AED 553,380AED 1,000 per sqft

Source: Dubai Land Department. Updated 12 October 2020.

Key facts

Type
Studio apartment
Size
553 sqft
Floor
1st of 3
Parking
G-28
Developer
DAMAC
Completed
2013
Service charge
AED 9,300 /yr
Last sold
AED 553K · July 2014
Building
Madison Residences - Astor

About 127, Madison Residences - Astor

127 is a studio of 553 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 23 July 2014 for AED 553,380, 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 2017 on 4 Ejari contracts. The current contract, signed on 12 October 2020, is AED 20,000 a year: a gross yield of 3.6% on the 2014 price, before the service charge of about AED 9,300 a year.

Sales and rents for 127 over time

Sales
Unit 127, 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 553,380 (AED 1,000 per sqft)

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

Rents
Unit 127, 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, August 2017: AED 39,000 a yearRenewal, August 2018: AED 36,000 a yearRenewal, August 2019: AED 31,084 a yearNew contract, October 2020: AED 20,000 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 127 sits

All 98 studios →

127 last sold in July 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. 127's AED 20,000 is at the bottom 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

127, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 23 July 2014 for AED 553,380, or AED 1,000 per sqft.
  • Rented since August 2017 on 4 Ejari contracts, from AED 39,000 to AED 20,000 a year.
  • At AED 20,000 a year the gross yield on the 2014 price is 3.6%, before a service charge of about AED 9,300 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 12 October 2020.

Questions about 127, Madison Residences - Astor

What did unit 127 last sell for?

AED 553,380 on 23 July 2014, sold by the developer: AED 1,000 per sqft for 553 sqft. It is the only registered sale of the unit.

What is the rent for unit 127?

AED 20,000 a year on the contract signed on 12 October 2020. The previous contract, from August 2019, was AED 31,084; the unit has been rented since August 2017.

How big is unit 127?

553 sqft (51.4 sqm): a studio on the 1st floor of a 3-storey tower completed in 2013.

What is unit 127 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 127, Madison Residences - Astor

Starts from the last sale price (AED 553K, 23 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 553,380
Deposit, UAE resident (20%)
AED 110,676
Deposit, non-resident (40%)
AED 221,352
Monthly over 25 years at 3.7%
AED 2,264

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