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1-bed · 727 sqftMadison Residences - Astor, Majan · 2nd floor · completed 2013

221, Madison Residences - Astor

Sold prices and rental history: sold 4 times, last in December 2014, and rented once, from July 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 221 · DLD and Ejari recordsUpdated 9 July 2022
Last soldAED 730K23 December 2014
Current rentAED 30K /yr9 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 221, Madison Residences - Astor

What is 221 worth today?

Last sold for AED 730,000 in 2014

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9 Jul 2022RentedNew contract
AED 30,000/yr12 months · AED 41 per sqft
23 Dec 2014SoldReady
AED 730,000AED 1,004 per sqft
25 Nov 2014SoldReady
AED 546,000AED 751 per sqft
25 Nov 2013SoldOff-plan
AED 546,000AED 751 per sqft
7 Jul 2009Sold by developerOff-plan
AED 928,000AED 1,276 per sqft

Source: Dubai Land Department. Updated 9 July 2022.

Key facts

Type
1-bed apartment
Size
727 sqft
Floor
2nd of 3
Parking
P-11
Developer
DAMAC
Completed
2013
Service charge
AED 12,200 /yr
Last sold
AED 730K · December 2014
Building
Madison Residences - Astor

About 221, Madison Residences - Astor

221 is a one-bedroom apartment of 727 sqft on the 2nd floor of Madison Residences - Astor, a 3-storey tower in Majan completed in 2013 by DAMAC. It last sold on 23 December 2014 for AED 730,000, or AED 1,004 per sqft, in line with the AED 1,000 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 9 July 2022. The current contract, signed on 9 July 2022, is AED 30,000 a year: a gross yield of 4.1% on the 2014 price, before the service charge of about AED 12,200 a year.

Sales and rents for 221 over time

Sales
Unit 221, each saleTypical one-bed in Madison Residences - Astor
600K800K2009201320172021Typical sale price by year: 2013 AED 642,585; 2014 AED 730,550; 2023 AED 530,000Sold by developer, July 2009: AED 928,000 (AED 1,276 per sqft)Sold, November 2013: AED 546,000 (AED 751 per sqft)Sold, November 2014: AED 546,000 (AED 751 per sqft)Sold, December 2014: AED 730,000 (AED 1,004 per sqft)

221 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 221, each contractTypical one-bed in Madison Residences - Astor
40K60K20152018202120242027Typical rent by year: 2015 AED 59,000; 2016 AED 59,669; 2017 AED 55,074; 2018 AED 44,000; 2019 AED 34,000; 2020 AED 27,750; 2021 AED 31,500; 2022 AED 30,000; 2023 AED 39,000; 2024 AED 46,200; 2025 AED 43,100; 2026 AED 44,100New contract, July 2022: AED 30,000 a year

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

1-beds in Madison Residences - Astor, and where 221 sits

All 15 1-beds →

221 last sold in December 2014 at AED 1,004 per sqft, in line with what one-beds in Madison Residences - Astor were fetching at the time (AED 1,000). 221's AED 30,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Nov 20241,000,000
24 Jan 2024780,000
10 Nov 2023530,000
4 Oct 2023655,000
0 1-bed 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 2nd floor

All 116 units in Madison Residences - Astor
Value
2012-bedAED 600K · Jul 2022
202StudioAED 492K · Mar 2014
203StudioAED 614K · Mar 2014
204StudioAED 370K · Mar 2024
205StudioAED 614K · Mar 2014
206StudioAED 521K · Feb 2014
2071-bedAED 630K · Jul 2014
1–7 of 38

221, Madison Residences - Astor in numbers

  • Sold 4 times: first on 7 July 2009 for AED 928,000, last on 23 December 2014 for AED 730,000 (AED 1,004 per sqft).
  • Rented since July 2022 on one Ejari contract, at AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2014 price is 4.1%, before a service charge of about AED 12,200 a year (AED 16.76 per sqft).

Source: Dubai Land Department. Updated 9 July 2022.

Questions about 221, Madison Residences - Astor

What did unit 221 last sell for?

AED 730,000 on 23 December 2014: AED 1,004 per sqft for 727 sqft. The unit has 4 registered sales; the first was AED 928,000 in July 2009.

What is the rent for unit 221?

AED 30,000 a year on the contract signed on 9 July 2022.

How big is unit 221?

727 sqft (67.5 sqm): a one-bedroom apartment on the 2nd floor of a 3-storey tower completed in 2013.

What is unit 221 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 221, Madison Residences - Astor

Starts from the last sale price (AED 730K, 23 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 730,000
Deposit, UAE resident (20%)
AED 146,000
Deposit, non-resident (40%)
AED 292,000
Monthly over 25 years at 3.7%
AED 2,987

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