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Studio · 419 sqftMontrell Serviced Apartments, Al Furjan · 1st floor · completed 2018

117, Montrell Serviced Apartments

Sold prices and rental history: sold twice, last in January 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 117 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 433K10 January 2024
Current rentAED 37K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 117, Montrell Serviced Apartments

What is 117 worth today?

Last sold for AED 432,900 in 2024

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1 Jun 2024RentedNew contract
AED 36,750/yr12 months · AED 88 per sqft
10 Jan 2024SoldReady
AED 432,900AED 1,033 per sqft
1 Jun 2023RentedNew contract
AED 35,000/yr12 months · AED 83 per sqft
27 Apr 2023Sold by developerReady
AED 432,900AED 1,033 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 June 2024.

Key facts

Type
Studio hotel apartment
Size
419 sqft
Floor
1st of 7
Parking
G-26
Developer
Azizi Developments
Completed
2018
Last sold
AED 433K · January 2024
Building
Montrell Serviced Apartments

About 117, Montrell Serviced Apartments

117 is a studio of 419 sqft on the 1st floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. It last sold on 10 January 2024 for AED 432,900, or AED 1,033 per sqft, in line with the AED 1,032 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 June 2024, is AED 36,750 a year: a gross yield of 8.5% on the 2024 price.

Sales and rents for 117 over time

Sales
Unit 117, each saleTypical studio in Montrell Serviced Apartments
400K2016201920222025Typical 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, April 2023: AED 432,900 (AED 1,033 per sqft)Sold, January 2024: AED 432,900 (AED 1,033 per sqft)

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

Rents
Unit 117, 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, June 2023: AED 35,000 a yearNew contract, June 2024: AED 36,750 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 117 sits

All 159 studios →

117 last sold in January 2024 at AED 1,033 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,032). 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. 117's AED 36,750 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

117, Montrell Serviced Apartments in numbers

  • Sold twice: first on 27 April 2023 for AED 432,900, last on 10 January 2024 for AED 432,900 (AED 1,033 per sqft).
  • Rented since June 2023 on 2 Ejari contracts, from AED 35,000 to AED 36,750 a year.
  • At AED 36,750 a year the gross yield on the 2024 price is 8.5%.
  • 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 1 June 2024.

Questions about 117, Montrell Serviced Apartments

What did unit 117 last sell for?

AED 432,900 on 10 January 2024: AED 1,033 per sqft for 419 sqft. The unit has 2 registered sales; the first was AED 432,900 in April 2023.

What is the rent for unit 117?

AED 36,750 a year on the contract signed on 1 June 2024. The previous contract, from June 2023, was AED 35,000.

How big is unit 117?

419 sqft (38.9 sqm): a studio on the 1st floor of a 7-storey tower completed in 2018.

What is unit 117 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 117, Montrell Serviced Apartments

Starts from the last sale price (AED 433K, 10 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 432,900
Deposit, UAE resident (20%)
AED 86,580
Deposit, non-resident (40%)
AED 173,160
Monthly over 25 years at 3.7%
AED 1,771

Plus AED 21,092 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →