Studio · 518 sqftMadison Residences - Columbus, Majan · 3rd floor

306, Madison Residences - Columbus

Sold prices and rental history: sold twice, last in September 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 14 September 2023
Last soldAED 390K14 September 2023
Current rentAED 25K /yr1 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, Madison Residences - Columbus

What is 306 worth today?

Last sold for AED 390,000 in 2023

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14 Sep 2023SoldReady
AED 390,000AED 752 per sqft
1 May 2023RentedRenewal
AED 25,200/yr12 months · AED 49 per sqft
1 May 2022RentedNew contract
AED 22,000/yr12 months · AED 42 per sqft
1 May 2021RentedNew contract
AED 20,000/yr12 months · AED 39 per sqft
1 May 2020RentedNew contract
AED 24,000/yr12 months · AED 46 per sqft
10 Oct 2019RentedNew contract
AED 28,000/yr12 months · AED 54 per sqft
5 May 2018RentedNew contract
AED 32,000/yr12 months · AED 62 per sqft
4 Sep 2014Sold by developerReady
AED 284,878AED 550 per sqft

Source: Dubai Land Department. Updated 14 September 2023.

Key facts

Type
Studio apartment
Size
518 sqft
Floor
3rd of 3
Parking
G-36
Service charge
AED 8,700 /yr
Last sold
AED 390K · September 2023

About 306, Madison Residences - Columbus

306 is a studio of 518 sqft on the 3rd floor of Madison Residences - Columbus, a 3-storey tower in Majan. It last sold on 14 September 2023 for AED 390,000, or AED 752 per sqft.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 1 May 2023, is AED 25,200 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 8,700 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical studio in Madison Residences - Columbus
400K2014201820222026Typical sale price by year: 2014 AED 543,150; 2024 AED 380,000; 2025 AED 420,000; 2026 AED 492,500Sold by developer, September 2014: AED 284,878 (AED 550 per sqft)Sold, September 2023: AED 390,000 (AED 752 per sqft)

306 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 306, 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, May 2018: AED 32,000 a yearNew contract, October 2019: AED 28,000 a yearNew contract, May 2020: AED 24,000 a yearNew contract, May 2021: AED 20,000 a yearNew contract, May 2022: AED 22,000 a yearRenewal, May 2023: AED 25,200 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 306 sits

All 38 studios →

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. 306's AED 25,200 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 →
Value
3012-bedAED 610K · Nov 2019
3021-bedAED 630K · Aug 2024
303StudioAED 524K · Aug 2014
304StudioAED 582K · Jun 2014
305StudioAED 578K · Jun 2014
307StudioAED 629K · Apr 2014
308StudioAED 867K · Feb 2014
1–7 of 27

306, Madison Residences - Columbus in numbers

  • Sold twice: first on 4 September 2014 for AED 284,878, last on 14 September 2023 for AED 390,000 (AED 752 per sqft).
  • Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 32,000 to AED 20,000 in 2021 and recovered to AED 25,200 by May 2023.
  • At AED 25,200 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 8,700 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 14 September 2023.

Questions about 306, Madison Residences - Columbus

What did unit 306 last sell for?

AED 390,000 on 14 September 2023: AED 752 per sqft for 518 sqft. The unit has 2 registered sales; the first was AED 284,878 in September 2014.

What is the rent for unit 306?

AED 25,200 a year on the contract renewed on 1 May 2023. The previous contract, from May 2022, was AED 22,000; the unit has been rented since May 2018.

How big is unit 306?

518 sqft (48.1 sqm): a studio on the 3rd floor of a 3-storey tower.

What is unit 306 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 306, Madison Residences - Columbus

Starts from the last sale price (AED 390K, 14 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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