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Studio · 390 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

504, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 549K14 August 2017
Current rentAED 30K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Montrell Serviced Apartments

What is 504 worth today?

Last sold for AED 549,455 in 2017

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1 Nov 2023RentedRenewal
AED 30,000/yr12 months · AED 77 per sqft
1 Nov 2022RentedNew contract
AED 30,000/yr12 months · AED 77 per sqft
1 Nov 2020RentedRenewal
AED 26,000/yr12 months · AED 67 per sqft
1 Nov 2019RentedRenewal
AED 33,500/yr12 months · AED 86 per sqft
1 Nov 2018RentedNew contract
AED 33,500/yr12 months · AED 86 per sqft
14 Aug 2017Sold by developerOff-plan
AED 549,455AED 1,409 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2023.

Key facts

Type
Studio hotel apartment
Size
390 sqft
Floor
5th of 7
Parking
P1-89
Developer
Azizi Developments
Completed
2018
Last sold
AED 549K · August 2017
Building
Montrell Serviced Apartments

About 504, Montrell Serviced Apartments

504 is a studio of 390 sqft on the 5th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 14 August 2017 for AED 549,455, or AED 1,409 per sqft, 4% above the AED 1,352 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 30,000 a year: a gross yield of 5.5% on the 2017 price.

Sales and rents for 504 over time

Sales
Unit 504, 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, August 2017: AED 549,455 (AED 1,409 per sqft)

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

Rents
Unit 504, 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, November 2018: AED 33,500 a yearRenewal, November 2019: AED 33,500 a yearRenewal, November 2020: AED 26,000 a yearNew contract, November 2022: AED 30,000 a yearRenewal, November 2023: AED 30,000 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 504 sits

All 159 studios →

504 last sold in August 2017 at AED 1,409 per sqft, 4% above what studios in Montrell Serviced Apartments were fetching at the time (AED 1,352). 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. 504's AED 30,000 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 5th floor

All 221 units in Montrell Serviced Apartments
Value
5011-bedAED 613K · May 2024
502StudioAED 540K · May 2017
503StudioAED 522K · Feb 2017
5051-bedNo registered sale
5061-bedAED 646K · Aug 2019
507StudioAED 522K · May 2017
508StudioAED 506K · May 2017
1–7 of 31

504, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 14 August 2017 for AED 549,455, or AED 1,409 per sqft.
  • Rented since November 2018 on 5 Ejari contracts. The rent fell from AED 33,500 to AED 26,000 in 2020 and recovered to AED 30,000 by November 2023.
  • At AED 30,000 a year the gross yield on the 2017 price is 5.5%.
  • 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 1 November 2023.

Questions about 504, Montrell Serviced Apartments

What did unit 504 last sell for?

AED 549,455 on 14 August 2017, sold by the developer: AED 1,409 per sqft for 390 sqft. It is the only registered sale of the unit.

What is the rent for unit 504?

AED 30,000 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 30,000; the unit has been rented since November 2018.

How big is unit 504?

390 sqft (36.2 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.

What is unit 504 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 504, Montrell Serviced Apartments

Starts from the last sale price (AED 549K, 14 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 549,455
Deposit, UAE resident (20%)
AED 109,891
Deposit, non-resident (40%)
AED 219,782
Monthly over 25 years at 3.7%
AED 2,248

Plus AED 28,087 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →