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Studio · 444 sqftMontrell Serviced Apartments, Al Furjan · 1st floor · completed 2018

111, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 111 · DLD and Ejari recordsUpdated 7 September 2024
Last soldAED 576K4 December 2017
Current rentAED 38K /yr7 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 111, Montrell Serviced Apartments

What is 111 worth today?

Last sold for AED 575,979 in 2017

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7 Sep 2024RentedRenewal
AED 37,500/yr12 months · AED 85 per sqft
7 Sep 2023RentedRenewal
AED 25,000/yr12 months · AED 57 per sqft
7 Sep 2022RentedRenewal
AED 25,000/yr12 months · AED 57 per sqft
7 Sep 2020RentedNew contract
AED 25,000/yr12 months · AED 57 per sqft
8 Sep 2019RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
8 Sep 2019RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
4 Dec 2017Sold by developerOff-plan
AED 575,979AED 1,296 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 7 September 2024.

Key facts

Type
Studio hotel apartment
Size
444 sqft
Floor
1st of 7
Parking
G-21
Developer
Azizi Developments
Completed
2018
Last sold
AED 576K · December 2017
Building
Montrell Serviced Apartments

About 111, Montrell Serviced Apartments

111 is a studio of 444 sqft on the 1st floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 4 December 2017 for AED 575,979, or AED 1,296 per sqft, 4% below the AED 1,352 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 7 September 2024, is AED 37,500 a year: a gross yield of 6.5% on the 2017 price.

Sales and rents for 111 over time

Sales
Unit 111, each saleTypical studio in Montrell Serviced Apartments
400K600K2016201920222025Typical sale price by year: 2016 AED 501,000; 2017 AED 530,500; 2018 AED 541,274; 2019 AED 438,197; 2020 AED 362,532; 2022 AED 307,740; 2023 AED 370,000; 2024 AED 411,000; 2025 AED 482,500Sold by developer, December 2017: AED 575,979 (AED 1,296 per sqft)

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

Rents
Unit 111, each contractTypical studio in Montrell Serviced Apartments
20K40K2018202120242027Typical rent by year: 2018 AED 32,000; 2019 AED 30,000; 2020 AED 24,000; 2021 AED 23,000; 2022 AED 28,000; 2023 AED 33,000; 2024 AED 40,000; 2025 AED 43,000; 2026 AED 48,500New contract, September 2019: AED 30,000 a yearNew contract, September 2019: AED 30,000 a yearNew contract, September 2020: AED 25,000 a yearRenewal, September 2022: AED 25,000 a yearRenewal, September 2023: AED 25,000 a yearRenewal, September 2024: AED 37,500 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Montrell Serviced Apartments, and where 111 sits

All 159 studios →

111 last sold in December 2017 at AED 1,296 per sqft, 4% below what studios in Montrell Serviced Apartments were fetching at the time (AED 1,352). Over the last 12 months studios sold for AED 500,000 to 520,000, around AED 1,189 per sqft, and rent for AED 24,108 to 66,000 a year. 111's AED 37,500 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
17 Jan 2026520,000
26 Dec 2025500,000
22 Jul 2025636,400
14 Jul 2025450,000
2 studio sales in the last 12 months

Montrell Serviced Apartments

Building

221 apartments, studios to 1-bed over 7 floors in Al Furjan, completed in 2018 by Azizi Developments. 3 sold in the last 12 months.

Typical price per sqft
AED 1,165
Typical sale
AED 520K
Typical rent
AED 48K /yr
Typical yield
9.9%
Montrell Serviced Apartments, Al Furjan: prices, sales and rents →

Other units on the 1st floor

All 221 units in Montrell Serviced Apartments
Value
1011-bedAED 1.44M · Jul 2024
102StudioAED 410K · May 2024
103StudioAED 636K · Jul 2025
104StudioAED 672K · Nov 2017
105AED 700K · Aug 2025
1061-bedAED 610K · Jan 2024
107StudioAED 518K · Apr 2017
1–7 of 29

111, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 4 December 2017 for AED 575,979, or AED 1,296 per sqft.
  • Rented since September 2019 on 6 Ejari contracts. The rent fell from AED 30,000 to AED 25,000 in 2023 and recovered to AED 37,500 by September 2024.
  • At AED 37,500 a year the gross yield on the 2017 price is 6.5%.
  • Studios in Montrell Serviced Apartments sold for AED 500,000–520,000 in the 12 months to November 2026; the building's median across all types is AED 1,165 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 7 September 2024.

Questions about 111, Montrell Serviced Apartments

What did unit 111 last sell for?

AED 575,979 on 4 December 2017, sold by the developer: AED 1,296 per sqft for 444 sqft. It is the only registered sale of the unit.

What is the rent for unit 111?

AED 37,500 a year on the contract renewed on 7 September 2024. The previous contract, from September 2023, was AED 25,000; the unit has been rented since September 2019.

How big is unit 111?

444 sqft (41.2 sqm): a studio on the 1st floor of a 7-storey tower completed in 2018.

What is unit 111 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Montrell Serviced Apartments sold for AED 500,000 to 520,000 in the last 12 months, around AED 1,189 per sqft.

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Mortgage on 111, Montrell Serviced Apartments

Starts from the last sale price (AED 576K, 4 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 575,979
Deposit, UAE resident (20%)
AED 115,196
Deposit, non-resident (40%)
AED 230,392
Monthly over 25 years at 3.7%
AED 2,357

Plus AED 29,201 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →