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Studio · 365 sqftMontrell Serviced Apartments, Al Furjan · 4th floor · completed 2018

424, Montrell Serviced Apartments

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

Unit 424 · DLD and Ejari recordsUpdated 10 June 2023
Last soldAED 444K18 May 2023
Current rentAED 31K /yr10 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 424, Montrell Serviced Apartments

What is 424 worth today?

Last sold for AED 443,760 in 2023

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10 Jun 2023RentedNew contract
AED 31,000/yr12 months · AED 85 per sqft
18 May 2023Sold by developerReady
AED 443,760AED 1,214 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 June 2023.

Key facts

Type
Studio hotel apartment
Size
365 sqft
Floor
4th of 7
Parking
P1-78
Developer
Azizi Developments
Completed
2018
Last sold
AED 444K · May 2023
Building
Montrell Serviced Apartments

About 424, Montrell Serviced Apartments

424 is a studio of 365 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 18 May 2023 for AED 443,760, or AED 1,214 per sqft, 54% above the AED 788 studios in the building were fetching at the time.

One Ejari contract is registered, from 10 June 2023. The current contract, signed on 10 June 2023, is AED 31,000 a year: a gross yield of 7.0% on the 2023 price.

Sales and rents for 424 over time

Sales
Unit 424, 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, May 2023: AED 443,760 (AED 1,214 per sqft)

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

Rents
Unit 424, 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, June 2023: AED 31,000 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 424 sits

All 159 studios →

424 last sold in May 2023 at AED 1,214 per sqft, 54% above 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. 424's AED 31,000 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 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
Value
4011-bedAED 740K · Jan 2025
402AED 552K · Apr 2018
403StudioAED 455K · Nov 2024
404StudioAED 529K · Jun 2017
4051-bedAED 898K · May 2017
4061-bedAED 1M · Dec 2017
407StudioAED 300K · Mar 2023
1–7 of 31

424, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 18 May 2023 for AED 443,760, or AED 1,214 per sqft.
  • Rented since June 2023 on one Ejari contract, at AED 31,000 a year.
  • At AED 31,000 a year the gross yield on the 2023 price is 7.0%.
  • 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 10 June 2023.

Questions about 424, Montrell Serviced Apartments

What did unit 424 last sell for?

AED 443,760 on 18 May 2023, sold by the developer: AED 1,214 per sqft for 365 sqft. It is the only registered sale of the unit.

What is the rent for unit 424?

AED 31,000 a year on the contract signed on 10 June 2023.

How big is unit 424?

365 sqft (33.9 sqm): a studio on the 4th floor of a 7-storey tower completed in 2018.

What is unit 424 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 424, Montrell Serviced Apartments

Starts from the last sale price (AED 444K, 18 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 443,760
Deposit, UAE resident (20%)
AED 88,752
Deposit, non-resident (40%)
AED 177,504
Monthly over 25 years at 3.7%
AED 1,816

Plus AED 21,548 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →