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Studio · 394 sqftMontrell Serviced Apartments, Al Furjan · 3rd floor · completed 2018

331, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in April 2017, and rented once, from December 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 331 · DLD and Ejari recordsUpdated 27 December 2023
Last soldAED 512K30 April 2017
Current rentAED 38K /yr27 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 331, Montrell Serviced Apartments

What is 331 worth today?

Last sold for AED 511,836 in 2017

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27 Dec 2023RentedNew contract
AED 38,000/yr12 months · AED 96 per sqft
30 Apr 2017Sold by developerOff-plan
AED 511,836AED 1,299 per sqft

Source: Dubai Land Department. Updated 27 December 2023.

Key facts

Type
Studio hotel apartment
Size
394 sqft
Floor
3rd of 7
Parking
P1-53
Developer
Azizi Developments
Completed
2018
Last sold
AED 512K · April 2017
Building
Montrell Serviced Apartments

About 331, Montrell Serviced Apartments

331 is a studio of 394 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 30 April 2017 for AED 511,836, or AED 1,299 per sqft, 4% below the AED 1,348 studios in the building were fetching at the time.

One Ejari contract is registered, from 27 December 2023. The current contract, signed on 27 December 2023, is AED 38,000 a year: a gross yield of 7.4% on the 2017 price.

Sales and rents for 331 over time

Sales
Unit 331, 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 2017: AED 511,836 (AED 1,299 per sqft)

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

Rents
Unit 331, 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, December 2023: AED 38,000 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 331 sits

All 159 studios →

331 last sold in April 2017 at AED 1,299 per sqft, 4% below what studios in Montrell Serviced Apartments were fetching at the time (AED 1,348). 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. 331's AED 38,000 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
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 47K /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

331, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 30 April 2017 for AED 511,836, or AED 1,299 per sqft.
  • Rented since December 2023 on one Ejari contract, at AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2017 price is 7.4%.
  • 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: Dubai Land Department. Updated 27 December 2023.

Questions about 331, Montrell Serviced Apartments

What did unit 331 last sell for?

AED 511,836 on 30 April 2017, sold by the developer: AED 1,299 per sqft for 394 sqft. It is the only registered sale of the unit.

What is the rent for unit 331?

AED 38,000 a year on the contract signed on 27 December 2023.

How big is unit 331?

394 sqft (36.6 sqm): a studio on the 3rd floor of a 7-storey tower completed in 2018.

What is unit 331 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 331, Montrell Serviced Apartments

Starts from the last sale price (AED 512K, 30 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 511,836
Deposit, UAE resident (20%)
AED 102,367
Deposit, non-resident (40%)
AED 204,734
Monthly over 25 years at 3.7%
AED 2,094

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →