408, Montrell Serviced Apartments
Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Montrell Serviced Apartments
What is 408 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 23 August 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 367 sqft
- Floor
- 4th of 7
- Parking
- P1-62
- Developer
- Azizi Developments
- Completed
- 2018
- Last sold
- AED 501K · December 2017
- Building
- Montrell Serviced Apartments
About 408, Montrell Serviced Apartments
408 is a studio of 367 sqft on the 4th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 11 December 2017 for AED 501,293, or AED 1,364 per sqft, in line with the AED 1,356 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 23 August 2024, is AED 34,000 a year: a gross yield of 6.8% on the 2017 price.
Sales and rents for 408 over time
408 has sold once; the dashed line is the studio median of each year in the building.
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 408 sits
All 159 studios →408 last sold in December 2017 at AED 1,364 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,356). 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. 408's AED 34,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
Montrell Serviced Apartments
Building221 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%
Other units on the 4th floor
All 221 units in Montrell Serviced Apartments| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | |
| 407 | Studio | 383 sqft | AED 300KAED 300,000 · Mar 2023March 2023 | 39,000 /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 |
408, Montrell Serviced Apartments in numbers
- Sold once: by Azizi Developments on 11 December 2017 for AED 501,293, or AED 1,364 per sqft.
- Rented since February 2020 on 6 Ejari contracts. The rent fell from AED 28,000 to AED 24,000 in 2022 and recovered to AED 34,000 by August 2024.
- At AED 34,000 a year the gross yield on the 2017 price is 6.8%.
- 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 23 August 2024.
Questions about 408, Montrell Serviced Apartments
What did unit 408 last sell for?
AED 501,293 on 11 December 2017, sold by the developer: AED 1,364 per sqft for 367 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 34,000 a year on the contract renewed on 23 August 2024. The previous contract, from August 2023, was AED 30,800; the unit has been rented since February 2020.
How big is unit 408?
367 sqft (34.1 sqm): a studio on the 4th floor of a 7-storey tower completed in 2018.
What is unit 408 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 408, Montrell Serviced Apartments
Starts from the last sale price (AED 501K, 11 December 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 501,293
- Deposit, UAE resident (20%)
- AED 100,259
- Deposit, non-resident (40%)
- AED 200,517
- Monthly over 25 years at 3.7%
- AED 2,051
Plus AED 26,065 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →