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Studio · 387 sqftMontrell Serviced Apartments, Al Furjan · 2nd floor · completed 2018

230, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in February 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 230 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 500K12 February 2017
Current rentAED 40K /yr15 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 230, Montrell Serviced Apartments

What is 230 worth today?

Last sold for AED 500,000 in 2017

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15 Nov 2024RentedNew contract
AED 40,000/yr12 months · AED 103 per sqft
10 Nov 2023RentedRenewal
AED 33,000/yr12 months · AED 85 per sqft
10 Nov 2022RentedNew contract
AED 30,000/yr12 months · AED 77 per sqft
7 Jan 2022RentedRenewal
AED 23,500/yr12 months · AED 61 per sqft
7 Jan 2021RentedNew contract
AED 23,000/yr12 months · AED 59 per sqft
1 Dec 2019RentedNew contract
AED 30,000/yr12 months · AED 77 per sqft
1 Nov 2018RentedNew contract
AED 36,000/yr12 months · AED 93 per sqft
12 Feb 2017Sold by developerOff-plan
AED 500,000AED 1,292 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2024.

Key facts

Type
Studio hotel apartment
Size
387 sqft
Floor
2nd of 7
Parking
P1-17
Developer
Azizi Developments
Completed
2018
Last sold
AED 500K · February 2017
Building
Montrell Serviced Apartments

About 230, Montrell Serviced Apartments

230 is a studio of 387 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 12 February 2017 for AED 500,000, or AED 1,292 per sqft, 3% below the AED 1,337 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 15 November 2024, is AED 40,000 a year: a gross yield of 8.0% on the 2017 price.

Sales and rents for 230 over time

Sales
Unit 230, 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, February 2017: AED 500,000 (AED 1,292 per sqft)

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

Rents
Unit 230, 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, November 2018: AED 36,000 a yearNew contract, December 2019: AED 30,000 a yearNew contract, January 2021: AED 23,000 a yearRenewal, January 2022: AED 23,500 a yearNew contract, November 2022: AED 30,000 a yearRenewal, November 2023: AED 33,000 a yearNew contract, November 2024: AED 40,000 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 230 sits

All 159 studios →

230 last sold in February 2017 at AED 1,292 per sqft, 3% below what studios in Montrell Serviced Apartments were fetching at the time (AED 1,337). 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. 230's AED 40,000 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

230, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 12 February 2017 for AED 500,000, or AED 1,292 per sqft.
  • Rented since November 2018 on 7 Ejari contracts. The rent fell from AED 36,000 to AED 23,000 in 2021 and recovered to AED 40,000 by November 2024.
  • At AED 40,000 a year the gross yield on the 2017 price is 8.0%.
  • 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 15 November 2024.

Questions about 230, Montrell Serviced Apartments

What did unit 230 last sell for?

AED 500,000 on 12 February 2017, sold by the developer: AED 1,292 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 230?

AED 40,000 a year on the contract signed on 15 November 2024. The previous contract, from November 2023, was AED 33,000; the unit has been rented since November 2018.

How big is unit 230?

387 sqft (36.0 sqm): a studio on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 230 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 230, Montrell Serviced Apartments

Starts from the last sale price (AED 500K, 12 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →