Studio · 383 sqftMontrell Serviced Apartments, Al Furjan · 4th floor · completed 2018

407, Montrell Serviced Apartments

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 14 March 2024

Last soldAED 300K1 March 2023

Current rentAED 39K /yr14 March 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 407, Montrell Serviced Apartments

Today

What is 407 worth today?

Last sold for AED 300,000 in 2023

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14 Mar 2024

14 Mar 2024RentedRenewal

AED 39,000/yr12 months · AED 102 per sqft

14 Mar 2023

14 Mar 2023RentedNew contract

AED 34,000/yr12 months · AED 89 per sqft

1 Mar 2023

1 Mar 2023SoldReady

AED 300,000AED 782 per sqft

2 Jul 2022

2 Jul 2022RentedRenewal

AED 25,000/yr12 months · AED 65 per sqft

2 Jul 2021

2 Jul 2021RentedNew contract

AED 21,000/yr12 months · AED 55 per sqft

5 Apr 2021

5 Apr 2021RentedNew contract

AED 25,000/yr12 months · AED 65 per sqft

10 Mar 2020

10 Mar 2020Sold by developerReady

AED 403,500AED 1,052 per sqft

1 Feb 2020

1 Feb 2020RentedNew contract

AED 25,000/yr12 months · AED 65 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 March 2024.

Key facts

Type: Studio hotel apartment
Size: 383 sqft
Floor: 4th of 7
Parking: P1-61
Developer: Azizi Developments
Completed: 2018
Last sold: AED 300K · March 2023
Building: Montrell Serviced Apartments

About 407, Montrell Serviced Apartments

407 is a studio of 383 sqft on the 4th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. It last sold on 1 March 2023 for AED 300,000, or AED 782 per sqft, in line with the AED 788 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 14 March 2024, is AED 39,000 a year: a gross yield of 13.0% on the 2023 price.

Sales and rents for 407 over time

Sales

Unit 407, each saleTypical studio in Montrell Serviced Apartments

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

Rents

Unit 407, each contractTypical studio in Montrell Serviced Apartments

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 407 sits

All 159 studios →

Studios in Montrell Serviced Apartments · last 12 months1,212 /sqft Montrell Serviced Apartments · all types1,189 /sqft

407 last sold in March 2023 at AED 782 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 788). 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. 407's AED 39,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
17 Jan 202617 January 2026	429 sqft	520,000	1,212
26 Dec 202526 December 2025	429 sqft	500,000	1,165
22 Jul 202522 July 2025	483 sqft	636,400	1,318
14 Jul 202514 July 2025	383 sqft	450,000	1,174

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 4th floor

All 221 units in Montrell Serviced Apartments


401	1-bed	849 sqft	AED 740KAED 740,000 · Jan 2025January 2025	50,000 /yr
402		394 sqft	AED 552KAED 551,807 · Apr 2018April 2018	45,000 /yr
403	Studio	387 sqft	AED 455KAED 455,000 · Nov 2024November 2024	46,000 /yr
404	Studio	390 sqft	AED 529KAED 528,647 · Jun 2017June 2017	26,000 /yr
405	1-bed	683 sqft	AED 898KAED 897,740 · May 2017May 2017	45,000 /yr
406	1-bed	741 sqft	AED 1MAED 1,000,000 · Dec 2017December 2017	50,000 /yr
408	Studio	367 sqft	AED 501KAED 501,293 · Dec 2017December 2017	34,000 /yr
409	Studio	358 sqft	AED 518KAED 517,586 · Dec 2017December 2017	33,000 /yr
410	Studio	363 sqft	AED 508KAED 507,600 · May 2017May 2017	33,000 /yr
411	Studio	429 sqft	AED 576KAED 576,242 · Mar 2018March 2018	42,000 /yr
412	Studio	457 sqft	AED 608KAED 607,667 · Sep 2017September 2017	42,000 /yr
413	Studio	458 sqft	AED 400KAED 400,000 · Feb 2024February 2024	33,600 /yr
414		488 sqft	AED 520KAED 520,000 · Aug 2025August 2025	26,000 /yr
415	1-bed	767 sqft	AED 581KAED 581,100 · Apr 2024April 2024	35,000 /yr
416	Studio	392 sqft	AED 510KAED 510,233 · May 2017May 2017	26,000 /yr
417	Studio	392 sqft	AED 513KAED 513,497 · May 2017May 2017	30,800 /yr
418	1-bed	767 sqft	AED 1.02MAED 1,016,000 · Jul 2017July 2017	65,000 /yr
419	Studio	408 sqft	AED 320KAED 320,000 · May 2023May 2023	38,500 /yr
420	Studio	409 sqft	AED 523KAED 522,796 · Apr 2024April 2024	42,000 /yr
421	Studio	204 sqft	AED 556KAED 556,000 · Jan 2018January 2018	38,000 /yr
422	Studio	380 sqft	AED 370KAED 370,000 · Jan 2024January 2024	40,000 /yr
423	Studio	333 sqft	AED 475KAED 475,000 · Oct 2024October 2024	45,600 /yr
424	Studio	365 sqft	AED 444KAED 443,760 · May 2023May 2023	31,000 /yr
425	Studio	367 sqft	AED 407KAED 407,000 · Jan 2024January 2024	40,000 /yr
426	Studio	383 sqft	AED 520KAED 519,739 · Apr 2017April 2017	33,880 /yr
427	1-bed	741 sqft	AED 909KAED 908,830 · May 2017May 2017	58,000 /yr
428	1-bed	683 sqft	AED 690KAED 690,000 · Apr 2025April 2025	50,000 /yr
429	Studio	390 sqft	AED 533KAED 533,000 · Sep 2017September 2017	50,000 /yr
430	Studio	387 sqft	AED 420KAED 420,000 · Mar 2024March 2024	40,000 /yr
431	Studio	394 sqft	AED 551KAED 550,834 · Oct 2017October 2017	30,000 /yr
432	1-bed	849 sqft	AED 700KAED 700,000 · Feb 2022February 2022	55,000 /yr

1–7 of 31

407, Montrell Serviced Apartments in numbers

Sold twice: first on 10 March 2020 for AED 403,500, last on 1 March 2023 for AED 300,000 (AED 782 per sqft).
Rented since February 2020 on 6 Ejari contracts. The rent fell from AED 25,000 to AED 21,000 in 2021 and recovered to AED 39,000 by March 2024.
At AED 39,000 a year the gross yield on the 2023 price is 13.0%.
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 14 March 2024.

Questions about 407, Montrell Serviced Apartments

What did unit 407 last sell for?

AED 300,000 on 1 March 2023: AED 782 per sqft for 383 sqft. The unit has 2 registered sales; the first was AED 403,500 in March 2020.

What is the rent for unit 407?

AED 39,000 a year on the contract renewed on 14 March 2024. The previous contract, from March 2023, was AED 34,000; the unit has been rented since February 2020.

How big is unit 407?

383 sqft (35.6 sqm): a studio on the 4th floor of a 7-storey tower completed in 2018.

What is unit 407 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 407, Montrell Serviced Apartments

Starts from the last sale price (AED 300K, 1 March 2023). Switch to today's estimate once you have unlocked it.

Price: AED 300,000
Deposit, UAE resident (20%): AED 60,000
Deposit, non-resident (40%): AED 120,000
Monthly over 25 years at 3.7%: AED 1,227

Plus AED 15,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →