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Studio · 515 sqftMadison Residences - Columbus, Majan · 3rd floor

318, Madison Residences - Columbus

Sold prices and rental history: sold twice, last in August 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 30 August 2024
Last soldAED 410K30 August 2024
Current rentAED 38K /yr22 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 318, Madison Residences - Columbus

What is 318 worth today?

Last sold for AED 410,000 in 2024

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30 Aug 2024SoldReady
AED 410,000AED 795 per sqft
22 Apr 2024RentedNew contract
AED 38,000/yr12 months · AED 74 per sqft
1 Jun 2018RentedNew contract
AED 32,000/yr12 months · AED 62 per sqft
3 Aug 2014Sold by developerReady
AED 515,380AED 1,000 per sqft

Source: Dubai Land Department. Updated 30 August 2024.

Key facts

Type
Studio apartment
Size
515 sqft
Floor
3rd of 3
Parking
G-48
Service charge
AED 8,600 /yr
Last sold
AED 410K · August 2024
Building
Madison Residences - Columbus

About 318, Madison Residences - Columbus

318 is a studio of 515 sqft on the 3rd floor of Madison Residences - Columbus, a 3-storey tower in Majan. It last sold on 30 August 2024 for AED 410,000, or AED 795 per sqft, 6% above the AED 752 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 22 April 2024, is AED 38,000 a year: a gross yield of 9.3% on the 2024 price, before the service charge of about AED 8,600 a year.

Sales and rents for 318 over time

Sales
Unit 318, each saleTypical studio in Madison Residences - Columbus
400K500K2014201820222026Typical sale price by year: 2014 AED 543,150; 2024 AED 380,000; 2025 AED 420,000; 2026 AED 492,500Sold by developer, August 2014: AED 515,380 (AED 1,000 per sqft)Sold, August 2024: AED 410,000 (AED 795 per sqft)

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

Rents
Unit 318, each contractTypical studio in Madison Residences - Columbus
20K30K40K20152018202120242027Typical 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, June 2018: AED 32,000 a yearNew contract, April 2024: AED 38,000 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 318 sits

All 38 studios →

318 last sold in August 2024 at AED 795 per sqft, 6% above what studios in Madison Residences - Columbus were fetching at the time (AED 752). 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. 318's AED 38,000 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 3rd floor

All 56 units in Madison Residences - Columbus
Value
3012-bedAED 610K · Nov 2019
3021-bedAED 630K · Aug 2024
303StudioAED 524K · Aug 2014
304StudioAED 582K · Jun 2014
305StudioAED 578K · Jun 2014
306StudioAED 390K · Sep 2023
307StudioAED 629K · Apr 2014
1–7 of 27

318, Madison Residences - Columbus in numbers

  • Sold twice: first on 3 August 2014 for AED 515,380, last on 30 August 2024 for AED 410,000 (AED 795 per sqft).
  • Rented since June 2018 on 2 Ejari contracts, from AED 32,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2024 price is 9.3%, before a service charge of about AED 8,600 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 30 August 2024.

Questions about 318, Madison Residences - Columbus

What did unit 318 last sell for?

AED 410,000 on 30 August 2024: AED 795 per sqft for 515 sqft. The unit has 2 registered sales; the first was AED 515,380 in August 2014.

What is the rent for unit 318?

AED 38,000 a year on the contract signed on 22 April 2024. The previous contract, from June 2018, was AED 32,000.

How big is unit 318?

515 sqft (47.8 sqm): a studio on the 3rd floor of a 3-storey tower.

What is unit 318 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 318, Madison Residences - Columbus

Starts from the last sale price (AED 410K, 30 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 410,000
Deposit, UAE resident (20%)
AED 82,000
Deposit, non-resident (40%)
AED 164,000
Monthly over 25 years at 3.7%
AED 1,677

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