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1-bed · 1,001 sqftMadison Residences - Astor, Majan · 3rd floor · completed 2013

308, Madison Residences - Astor

Sold prices and rental history: sold once, by the developer in July 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 12 October 2024
Last soldAED 1M23 July 2014
Current rentAED 46K /yr12 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Madison Residences - Astor

What is 308 worth today?

Last sold for AED 1,001,300 in 2014

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12 Oct 2024RentedRenewal
AED 46,200/yr12 months · AED 46 per sqft
12 Oct 2024RentedRenewal
AED 46,200/yr12 months · AED 46 per sqft
12 Oct 2023RentedRenewal
AED 42,000/yr12 months · AED 42 per sqft
12 Oct 2023RentedRenewal
AED 42,000/yr12 months · AED 42 per sqft
12 Oct 2022RentedNew contract
AED 40,000/yr12 months · AED 40 per sqft
29 Aug 2019RentedNew contract
AED 34,000/yr12 months · AED 34 per sqft
10 Jan 2017RentedRenewal
AED 55,148/yr12 months · AED 55 per sqft
10 Jan 2016RentedNew contract
AED 55,000/yr12 months · AED 55 per sqft

Source: Dubai Land Department. Updated 12 October 2024.

Key facts

Type
1-bed apartment
Size
1,001 sqft
Floor
3rd of 3
Parking
P-38
Developer
DAMAC
Completed
2013
Service charge
AED 16,800 /yr
Last sold
AED 1M · July 2014
Building
Madison Residences - Astor

About 308, Madison Residences - Astor

308 is a one-bedroom apartment of 1,001 sqft on the 3rd 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 1,001,300, or AED 1,000 per sqft, in line with the AED 1,000 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 12 October 2024, is AED 46,200 a year: a gross yield of 4.6% on the 2014 price, before the service charge of about AED 16,800 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical one-bed in Madison Residences - Astor
500K750K1M2013201620192022Typical sale price by year: 2013 AED 642,585; 2014 AED 730,550; 2023 AED 530,000Sold by developer, July 2014: AED 1,001,300 (AED 1,000 per sqft)

308 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 308, 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, January 2016: AED 55,000 a yearRenewal, January 2017: AED 55,148 a yearNew contract, August 2019: AED 34,000 a yearNew contract, October 2022: AED 40,000 a yearRenewal, October 2023: AED 42,000 a yearRenewal, October 2023: AED 42,000 a yearRenewal, October 2024: AED 46,200 a yearRenewal, October 2024: AED 46,200 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 308 sits

All 15 1-beds →

308 last sold in July 2014 at AED 1,000 per sqft, in line with what one-beds in Madison Residences - Astor were fetching at the time (AED 1,000). 308's AED 46,200 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 3rd floor

All 116 units in Madison Residences - Astor
Value
3012-bedAED 1.17M · Apr 2014
302StudioAED 505K · Oct 2014
303StudioAED 400K · Sep 2016
304StudioAED 485K · Nov 2025
305StudioAED 563K · Jun 2014
306StudioAED 418K · Apr 2026
3071-bedAED 627K · Apr 2014
1–7 of 37

308, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 23 July 2014 for AED 1,001,300, or AED 1,000 per sqft.
  • Rented since January 2016 on 8 Ejari contracts. The rent fell from AED 55,000 to AED 34,000 in 2019 and recovered to AED 46,200 by October 2024.
  • At AED 46,200 a year the gross yield on the 2014 price is 4.6%, before a service charge of about AED 16,800 a year (AED 16.76 per sqft).

Source: Dubai Land Department. Updated 12 October 2024.

Questions about 308, Madison Residences - Astor

What did unit 308 last sell for?

AED 1,001,300 on 23 July 2014, sold by the developer: AED 1,000 per sqft for 1,001 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 46,200 a year on the contract renewed on 12 October 2024. The previous contract, from October 2024, was AED 46,200; the unit has been rented since January 2016.

How big is unit 308?

1,001 sqft (93.0 sqm): a one-bedroom apartment on the 3rd floor of a 3-storey tower completed in 2013.

What is unit 308 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 308, Madison Residences - Astor

Starts from the last sale price (AED 1M, 23 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,001,300
Deposit, UAE resident (20%)
AED 200,260
Deposit, non-resident (40%)
AED 400,520
Monthly over 25 years at 3.7%
AED 4,097

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