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Studio · 506 sqftMadison Residences - Astor, Majan · 3rd floor · completed 2013

316, Madison Residences - Astor

Sold prices and rental history: sold 3 times, last in August 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 20 May 2026
Last soldAED 448K31 August 2014
Current rentAED 30K /yr20 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 316, Madison Residences - Astor

What is 316 worth today?

Last sold for AED 448,050 in 2014

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20 May 2026RentedRenewal
AED 30,000/yr12 months · AED 59 per sqft
20 May 2025RentedNew contract
AED 35,000/yr12 months · AED 69 per sqft
20 May 2025RentedNew contract
AED 35,000/yr12 months · AED 69 per sqft
15 May 2024RentedRenewal
AED 28,175/yr12 months · AED 56 per sqft
15 May 2023RentedNew contract
AED 24,500/yr12 months · AED 48 per sqft
15 May 2022RentedNew contract
AED 22,000/yr12 months · AED 43 per sqft
15 Jan 2021RentedNew contract
AED 18,000/yr12 months · AED 36 per sqft
1 Oct 2017RentedNew contract
AED 41,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 20 May 2026.

Key facts

Type
Studio apartment
Size
506 sqft
Floor
3rd of 3
Parking
P-46
Developer
DAMAC
Completed
2013
Service charge
AED 8,500 /yr
Last sold
AED 448K · August 2014
Building
Madison Residences - Astor

About 316, Madison Residences - Astor

316 is a studio of 506 sqft on the 3rd floor of Madison Residences - Astor, a 3-storey tower in Majan completed in 2013 by DAMAC. It last sold on 31 August 2014 for AED 448,050, or AED 884 per sqft, 20% below the AED 1,100 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 20 May 2026, is AED 30,000 a year: a gross yield of 6.7% on the 2014 price, before the service charge of about AED 8,500 a year.

Sales and rents for 316 over time

Sales
Unit 316, 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 2009: AED 623,000 (AED 1,230 per sqft)Sold, August 2014: AED 448,050 (AED 884 per sqft)Sold, August 2014: AED 623,000 (AED 1,230 per sqft)

316 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 316, each contractTypical studio in Madison Residences - Astor
20K40K2014201820222026Typical 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, October 2014: AED 41,000 a yearNew contract, October 2016: AED 41,000 a yearNew contract, October 2017: AED 41,000 a yearNew contract, January 2021: AED 18,000 a yearNew contract, May 2022: AED 22,000 a yearNew contract, May 2023: AED 24,500 a yearRenewal, May 2024: AED 28,175 a yearNew contract, May 2025: AED 35,000 a yearNew contract, May 2025: AED 35,000 a yearRenewal, May 2026: AED 30,000 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 316 sits

All 98 studios →

316 last sold in August 2014 at AED 884 per sqft, 20% 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. 316's AED 30,000 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 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

316, Madison Residences - Astor in numbers

  • Sold 3 times: first on 7 July 2009 for AED 623,000, last on 31 August 2014 for AED 448,050 (AED 884 per sqft).
  • Rented since October 2014 on 10 Ejari contracts. The rent fell from AED 41,000 to AED 18,000 in 2021 and recovered to AED 30,000 by May 2026.
  • At AED 30,000 a year the gross yield on the 2014 price is 6.7%, before a service charge of about AED 8,500 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 20 May 2026.

Questions about 316, Madison Residences - Astor

What did unit 316 last sell for?

AED 448,050 on 31 August 2014: AED 884 per sqft for 506 sqft. The unit has 3 registered sales; the first was AED 623,000 in July 2009.

What is the rent for unit 316?

AED 30,000 a year on the contract renewed on 20 May 2026. The previous contract, from May 2025, was AED 35,000; the unit has been rented since October 2014.

How big is unit 316?

506 sqft (47.0 sqm): a studio on the 3rd floor of a 3-storey tower completed in 2013.

What is unit 316 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 316, Madison Residences - Astor

Starts from the last sale price (AED 448K, 31 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 448,050
Deposit, UAE resident (20%)
AED 89,610
Deposit, non-resident (40%)
AED 179,220
Monthly over 25 years at 3.7%
AED 1,833

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