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Studio · 367 sqftMontrell Serviced Apartments, Al Furjan · 3rd floor · completed 2018

308, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in June 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 7 May 2024
Last soldAED 492K11 June 2017
Current rentAED 37K /yr7 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Montrell Serviced Apartments

What is 308 worth today?

Last sold for AED 492,078 in 2017

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7 May 2024RentedRenewal
AED 36,750/yr12 months · AED 100 per sqft
7 May 2023RentedRenewal
AED 30,800/yr12 months · AED 84 per sqft
7 May 2022RentedNew contract
AED 28,000/yr12 months · AED 77 per sqft
11 Jun 2017Sold by developerOff-plan
AED 492,078AED 1,339 per sqft

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

Key facts

Type
Studio hotel apartment
Size
367 sqft
Floor
3rd of 7
Parking
P1-29
Developer
Azizi Developments
Completed
2018
Last sold
AED 492K · June 2017
Building
Montrell Serviced Apartments

About 308, Montrell Serviced Apartments

308 is a studio of 367 sqft on the 3rd floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 11 June 2017 for AED 492,078, or AED 1,339 per sqft, in line with the AED 1,344 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 7 May 2024, is AED 36,750 a year: a gross yield of 7.5% on the 2017 price.

Sales and rents for 308 over time

Sales
Unit 308, 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 2017: AED 492,078 (AED 1,339 per sqft)

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

Rents
Unit 308, 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, May 2022: AED 28,000 a yearRenewal, May 2023: AED 30,800 a yearRenewal, May 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 308 sits

All 159 studios →

308 last sold in June 2017 at AED 1,339 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,344). Over the last 12 months studios sold for AED 490,000 to 520,000, around AED 1,212 per sqft, and rent for AED 24,108 to 66,000 a year. 308'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
3 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. 4 sold in the last 12 months.

Typical price per sqft
AED 1,189
Typical sale
AED 510K
Typical rent
AED 48K /yr
Typical yield
9.7%
Montrell Serviced Apartments, Al Furjan: prices, sales and rents →

Other units on the 3rd floor

All 221 units in Montrell Serviced Apartments
Value
3011-bedAED 626K · Apr 2024
302StudioAED 526K · Aug 2018
303StudioAED 383K · Sep 2018
304StudioAED 503K · Mar 2017
3051-bedAED 640K · Jun 2024
3061-bedAED 803K · Apr 2019
307StudioAED 390K · Jan 2024
1–7 of 30

308, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 11 June 2017 for AED 492,078, or AED 1,339 per sqft.
  • Rented since May 2022 on 3 Ejari contracts, from AED 28,000 to AED 36,750 a year.
  • At AED 36,750 a year the gross yield on the 2017 price is 7.5%.
  • Studios in Montrell Serviced Apartments sold for AED 490,000–520,000 in the 12 months to November 2026; the building's median across all types is AED 1,189 per sqft.

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

Questions about 308, Montrell Serviced Apartments

What did unit 308 last sell for?

AED 492,078 on 11 June 2017, sold by the developer: AED 1,339 per sqft for 367 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 36,750 a year on the contract renewed on 7 May 2024. The previous contract, from May 2023, was AED 30,800; the unit has been rented since May 2022.

How big is unit 308?

367 sqft (34.1 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 308 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 490,000 to 520,000 in the last 12 months, around AED 1,212 per sqft.

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Mortgage on 308, Montrell Serviced Apartments

Starts from the last sale price (AED 492K, 11 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 492,078
Deposit, UAE resident (20%)
AED 98,416
Deposit, non-resident (40%)
AED 196,831
Monthly over 25 years at 3.7%
AED 2,013

Plus AED 23,577 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →