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

233, Madison Residences - Astor

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

Unit 233 · DLD and Ejari recordsUpdated 14 June 2024
Last soldAED 563K11 June 2014
Current rentAED 37K /yr14 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 233, Madison Residences - Astor

What is 233 worth today?

Last sold for AED 563,134 in 2014

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14 Jun 2024RentedNew contract
AED 37,000/yr12 months · AED 72 per sqft
1 May 2023RentedNew contract
AED 32,000/yr12 months · AED 63 per sqft
17 Mar 2022RentedNew contract
AED 22,000/yr12 months · AED 43 per sqft
22 Sep 2020RentedRenewal
AED 21,000/yr12 months · AED 41 per sqft
22 Sep 2019RentedNew contract
AED 27,000/yr12 months · AED 53 per sqft
22 Sep 2018RentedNew contract
AED 30,000/yr12 months · AED 59 per sqft
8 Dec 2016RentedRenewal
AED 42,000/yr12 months · AED 82 per sqft
8 Dec 2015RentedNew contract
AED 42,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 14 June 2024.

Key facts

Type
Studio apartment
Size
512 sqft
Floor
2nd of 3
Parking
P-24
Developer
DAMAC
Completed
2013
Service charge
AED 8,600 /yr
Last sold
AED 563K · June 2014
Building
Madison Residences - Astor

About 233, Madison Residences - Astor

233 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 11 June 2014 for AED 563,134, or AED 1,100 per sqft, 8% below the AED 1,199 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 14 June 2024, is AED 37,000 a year: a gross yield of 6.6% on the 2014 price, before the service charge of about AED 8,600 a year.

Sales and rents for 233 over time

Sales
Unit 233, 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, June 2014: AED 563,134 (AED 1,100 per sqft)

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

Rents
Unit 233, 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, December 2015: AED 42,000 a yearRenewal, December 2016: AED 42,000 a yearNew contract, September 2018: AED 30,000 a yearNew contract, September 2019: AED 27,000 a yearRenewal, September 2020: AED 21,000 a yearNew contract, March 2022: AED 22,000 a yearNew contract, May 2023: AED 32,000 a yearNew contract, June 2024: AED 37,000 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 233 sits

All 98 studios →

233 last sold in June 2014 at AED 1,100 per sqft, 8% below 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. 233's AED 37,000 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 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

233, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 11 June 2014 for AED 563,134, or AED 1,100 per sqft.
  • Rented since December 2015 on 8 Ejari contracts. The rent fell from AED 42,000 to AED 21,000 in 2020 and recovered to AED 37,000 by June 2024.
  • At AED 37,000 a year the gross yield on the 2014 price is 6.6%, 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 14 June 2024.

Questions about 233, Madison Residences - Astor

What did unit 233 last sell for?

AED 563,134 on 11 June 2014, sold by the developer: AED 1,100 per sqft for 512 sqft. It is the only registered sale of the unit.

What is the rent for unit 233?

AED 37,000 a year on the contract signed on 14 June 2024. The previous contract, from May 2023, was AED 32,000; the unit has been rented since December 2015.

How big is unit 233?

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

What is unit 233 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 233, Madison Residences - Astor

Starts from the last sale price (AED 563K, 11 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 563,134
Deposit, UAE resident (20%)
AED 112,627
Deposit, non-resident (40%)
AED 225,254
Monthly over 25 years at 3.7%
AED 2,304

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