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Studio · 512 sqftMadison Residences - Astor, Majan · 2nd floor · completed 2013

232, Madison Residences - Astor

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

Unit 232 · DLD and Ejari recordsUpdated 8 August 2026
Last soldAED 614K18 March 2014
Current rentAED 40K /yr8 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 232, Madison Residences - Astor

What is 232 worth today?

Last sold for AED 614,328 in 2014

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8 Aug 2026RentedRenewal
AED 40,000/yr12 months · AED 78 per sqft
8 Aug 2025RentedNew contract
AED 40,000/yr12 months · AED 78 per sqft
1 Jul 2024RentedRenewal
AED 36,000/yr12 months · AED 70 per sqft
1 Jul 2023RentedRenewal
AED 30,000/yr12 months · AED 59 per sqft
1 Jul 2022RentedNew contract
AED 24,000/yr12 months · AED 47 per sqft
1 Jul 2021RentedNew contract
AED 24,000/yr12 months · AED 47 per sqft
1 Jul 2020RentedRenewal
AED 28,000/yr12 months · AED 54 per sqft
1 Jul 2019RentedRenewal
AED 35,000/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 8 August 2026.

Key facts

Type
Studio apartment
Size
512 sqft
Floor
2nd of 3
Parking
P-22
Developer
DAMAC
Completed
2013
Service charge
AED 8,600 /yr
Last sold
AED 614K · March 2014
Building
Madison Residences - Astor

About 232, Madison Residences - Astor

232 is a studio of 512 sqft on the 2nd floor of Madison Residences - Astor, a 3-storey tower in Majan completed in 2013 by DAMAC. The developer sold it on 18 March 2014 for AED 614,328, or AED 1,200 per sqft, in line with the AED 1,199 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 10 Ejari contracts. The current contract, renewed on 8 August 2026, is AED 40,000 a year: a gross yield of 6.5% on the 2014 price, before the service charge of about AED 8,600 a year.

Sales and rents for 232 over time

Sales
Unit 232, 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, March 2014: AED 614,328 (AED 1,200 per sqft)

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

Rents
Unit 232, 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, July 2017: AED 38,500 a yearRenewal, July 2018: AED 37,000 a yearRenewal, July 2019: AED 35,000 a yearRenewal, July 2020: AED 28,000 a yearNew contract, July 2021: AED 24,000 a yearNew contract, July 2022: AED 24,000 a yearRenewal, July 2023: AED 30,000 a yearRenewal, July 2024: AED 36,000 a yearNew contract, August 2025: AED 40,000 a yearRenewal, August 2026: AED 40,000 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 232 sits

All 98 studios →

232 last sold in March 2014 at AED 1,200 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. 232's AED 40,000 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 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

232, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 18 March 2014 for AED 614,328, or AED 1,200 per sqft.
  • Rented since July 2017 on 10 Ejari contracts. The rent fell from AED 38,500 to AED 24,000 in 2022 and recovered to AED 40,000 by August 2026.
  • At AED 40,000 a year the gross yield on the 2014 price is 6.5%, before a service charge of about AED 8,600 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 8 August 2026.

Questions about 232, Madison Residences - Astor

What did unit 232 last sell for?

AED 614,328 on 18 March 2014, sold by the developer: AED 1,200 per sqft for 512 sqft. It is the only registered sale of the unit.

What is the rent for unit 232?

AED 40,000 a year on the contract renewed on 8 August 2026. The previous contract, from August 2025, was AED 40,000; the unit has been rented since July 2017.

How big is unit 232?

512 sqft (47.6 sqm): a studio on the 2nd floor of a 3-storey tower completed in 2013.

What is unit 232 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 232, Madison Residences - Astor

Starts from the last sale price (AED 614K, 18 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 614,328
Deposit, UAE resident (20%)
AED 122,866
Deposit, non-resident (40%)
AED 245,731
Monthly over 25 years at 3.7%
AED 2,513

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