Home
Dubai prices
About
Research
Studio · 390 sqftMontrell Serviced Apartments, Al Furjan · 2nd floor · completed 2018

229, Montrell Serviced Apartments

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

Unit 229 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 528K30 June 2019
Current rentAED 34K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 229, Montrell Serviced Apartments

What is 229 worth today?

Last sold for AED 528,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Sep 2023RentedNew contract
AED 33,500/yr12 months · AED 86 per sqft
15 Mar 2022RentedNew contract
AED 24,000/yr12 months · AED 62 per sqft
1 Jan 2021RentedRenewal
AED 24,000/yr12 months · AED 62 per sqft
1 Jan 2020RentedRenewal
AED 33,000/yr12 months · AED 85 per sqft
30 Jun 2019Sold by developerReady
AED 528,000AED 1,354 per sqft
1 Jan 2019RentedNew contract
AED 35,000/yr12 months · AED 90 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2023.

Key facts

Type
Studio hotel apartment
Size
390 sqft
Floor
2nd of 7
Parking
P1-16
Developer
Azizi Developments
Completed
2018
Last sold
AED 528K · June 2019
Building
Montrell Serviced Apartments

About 229, Montrell Serviced Apartments

229 is a studio of 390 sqft on the 2nd floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 30 June 2019 for AED 528,000, or AED 1,354 per sqft, 21% above the AED 1,117 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 September 2023, is AED 33,500 a year: a gross yield of 6.3% on the 2019 price.

Sales and rents for 229 over time

Sales
Unit 229, 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, June 2019: AED 528,000 (AED 1,354 per sqft)

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

Rents
Unit 229, 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, January 2019: AED 35,000 a yearRenewal, January 2020: AED 33,000 a yearRenewal, January 2021: AED 24,000 a yearNew contract, March 2022: AED 24,000 a yearNew contract, September 2023: AED 33,500 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 229 sits

All 159 studios →

229 last sold in June 2019 at AED 1,354 per sqft, 21% above what studios in Montrell Serviced Apartments were fetching at the time (AED 1,117). 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. 229's AED 33,500 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 2nd floor

All 221 units in Montrell Serviced Apartments
Value
2011-bedAED 626K · Apr 2024
202StudioAED 475K · Jun 2025
203StudioAED 462K · Oct 2018
204StudioAED 514K · Jan 2017
2051-bedAED 573K · Jun 2022
2061-bedAED 650K · Jul 2024
207StudioAED 480K · Jun 2025
1–7 of 31

229, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 30 June 2019 for AED 528,000, or AED 1,354 per sqft.
  • Rented since January 2019 on 5 Ejari contracts. The rent fell from AED 35,000 to AED 24,000 in 2022 and recovered to AED 33,500 by September 2023.
  • At AED 33,500 a year the gross yield on the 2019 price is 6.3%.
  • 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 September 2023.

Questions about 229, Montrell Serviced Apartments

What did unit 229 last sell for?

AED 528,000 on 30 June 2019, sold by the developer: AED 1,354 per sqft for 390 sqft. It is the only registered sale of the unit.

What is the rent for unit 229?

AED 33,500 a year on the contract signed on 1 September 2023. The previous contract, from March 2022, was AED 24,000; the unit has been rented since January 2019.

How big is unit 229?

390 sqft (36.2 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 229 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.

Selling 229? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 229, Montrell Serviced Apartments

Starts from the last sale price (AED 528K, 30 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 528,000
Deposit, UAE resident (20%)
AED 105,600
Deposit, non-resident (40%)
AED 211,200
Monthly over 25 years at 3.7%
AED 2,160

Plus AED 27,186 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →