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Studio · 539 sqftMadison Residences - Columbus, Majan · 2nd floor

215, Madison Residences - Columbus

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 215 · DLD and Ejari recordsUpdated 10 June 2024
Last soldAED 647K18 March 2014
Current rentAED 32K /yr10 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 215, Madison Residences - Columbus

What is 215 worth today?

Last sold for AED 647,388 in 2014

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10 Jun 2024RentedNew contract
AED 32,000/yr12 months · AED 59 per sqft
3 Mar 2023RentedNew contract
AED 35,000/yr12 months · AED 65 per sqft
1 Feb 2022RentedRenewal
AED 21,000/yr12 months · AED 39 per sqft
1 Feb 2021RentedNew contract
AED 20,000/yr12 months · AED 37 per sqft
26 Oct 2019RentedRenewal
AED 30,000/yr12 months · AED 56 per sqft
26 Oct 2018RentedRenewal
AED 34,000/yr12 months · AED 63 per sqft
26 Oct 2017RentedNew contract
AED 37,000/yr12 months · AED 69 per sqft
18 Mar 2014Sold by developerReady
AED 647,388AED 1,200 per sqft

Source: Dubai Land Department. Updated 10 June 2024.

Key facts

Type
Studio apartment
Size
539 sqft
Floor
2nd of 3
Parking
G-17
Service charge
AED 9,000 /yr
Last sold
AED 647K · March 2014
Building
Madison Residences - Columbus

About 215, Madison Residences - Columbus

215 is a studio of 539 sqft on the 2nd floor of Madison Residences - Columbus, a 3-storey tower in Majan. The developer sold it on 18 March 2014 for AED 647,388, or AED 1,200 per sqft, in line with the AED 1,200 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 10 June 2024, is AED 32,000 a year: a gross yield of 4.9% on the 2014 price, before the service charge of about AED 9,000 a year.

Sales and rents for 215 over time

Sales
Unit 215, each saleTypical studio in Madison Residences - Columbus
400K600K2014201820222026Typical sale price by year: 2014 AED 543,150; 2024 AED 380,000; 2025 AED 420,000; 2026 AED 492,500Sold by developer, March 2014: AED 647,388 (AED 1,200 per sqft)

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

Rents
Unit 215, each contractTypical studio in Madison Residences - Columbus
20K40K20152018202120242027Typical rent by year: 2015 AED 42,500; 2016 AED 42,000; 2017 AED 40,000; 2018 AED 36,000; 2019 AED 28,500; 2020 AED 24,000; 2021 AED 21,000; 2022 AED 23,000; 2023 AED 26,475; 2024 AED 34,000; 2025 AED 37,400; 2026 AED 40,000New contract, October 2017: AED 37,000 a yearRenewal, October 2018: AED 34,000 a yearRenewal, October 2019: AED 30,000 a yearNew contract, February 2021: AED 20,000 a yearRenewal, February 2022: AED 21,000 a yearNew contract, March 2023: AED 35,000 a yearNew contract, June 2024: AED 32,000 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 - Columbus, and where 215 sits

All 38 studios →

215 last sold in March 2014 at AED 1,200 per sqft, in line with what studios in Madison Residences - Columbus were fetching at the time (AED 1,200). Over the last 12 months studios sold for AED 410,000 to 515,000, around AED 927 per sqft, and rent for AED 25,000 to 60,000 a year. 215's AED 32,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Oct 2026485,000
25 Sep 2026500,000
22 Jul 2026515,000
12 Jun 2026410,000
5 studio sales in the last 12 months

Madison Residences - Columbus

Building

56 apartments, studios to 2-bed over 3 floors in Majan. 6 sold in the last 12 months.

Typical price per sqft
AED 908
Typical sale
AED 493K
Typical rent
AED 40K /yr
Typical yield
7.8%
Madison Residences - Columbus, Majan: prices, sales and rents →

Other units on the 2nd floor

All 56 units in Madison Residences - Columbus
Value
2012-bedAED 620K · May 2022
2021-bedAED 864K · Jan 2015
203StudioAED 548K · Oct 2014
204StudioAED 332K · Jan 2022
205StudioAED 410K · Jun 2026
206StudioAED 906K · Dec 2014
207StudioAED 515K · Jul 2026
1–7 of 27

215, Madison Residences - Columbus in numbers

  • Sold once: by the developer on 18 March 2014 for AED 647,388, or AED 1,200 per sqft.
  • Rented since October 2017 on 7 Ejari contracts. The rent fell from AED 37,000 to AED 20,000 in 2021 and recovered to AED 32,000 by June 2024.
  • At AED 32,000 a year the gross yield on the 2014 price is 4.9%, before a service charge of about AED 9,000 a year (AED 16.76 per sqft).
  • Studios in Madison Residences - Columbus sold for AED 410,000–515,000 in the 12 months to November 2026; the building's median across all types is AED 908 per sqft.

Source: Dubai Land Department. Updated 10 June 2024.

Questions about 215, Madison Residences - Columbus

What did unit 215 last sell for?

AED 647,388 on 18 March 2014, sold by the developer: AED 1,200 per sqft for 539 sqft. It is the only registered sale of the unit.

What is the rent for unit 215?

AED 32,000 a year on the contract signed on 10 June 2024. The previous contract, from March 2023, was AED 35,000; the unit has been rented since October 2017.

How big is unit 215?

539 sqft (50.1 sqm): a studio on the 2nd floor of a 3-storey tower.

What is unit 215 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Madison Residences - Columbus sold for AED 410,000 to 515,000 in the last 12 months, around AED 927 per sqft.

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Mortgage on 215, Madison Residences - Columbus

Starts from the last sale price (AED 647K, 18 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 647,388
Deposit, UAE resident (20%)
AED 129,478
Deposit, non-resident (40%)
AED 258,955
Monthly over 25 years at 3.7%
AED 2,649

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