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1-bed · 741 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

506, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in August 2019, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 31 March 2023
Last soldAED 646K5 August 2019
Current rentAED 50K /yr31 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, Montrell Serviced Apartments

What is 506 worth today?

Last sold for AED 645,740 in 2019

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31 Mar 2023RentedNew contract
AED 50,000/yr12 months · AED 67 per sqft
28 Nov 2019RentedNew contract
AED 48,000/yr12 months · AED 65 per sqft
5 Aug 2019Sold by developerReady
AED 645,740AED 871 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 March 2023.

Key facts

Type
1-bed hotel apartment
Size
741 sqft
Floor
5th of 7
Parking
P2-1
Developer
Azizi Developments
Completed
2018
Last sold
AED 646K · August 2019
Building
Montrell Serviced Apartments

About 506, Montrell Serviced Apartments

506 is a one-bedroom hotel apartment of 741 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 5 August 2019 for AED 645,740, or AED 871 per sqft, 8% above the AED 810 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 31 March 2023, is AED 50,000 a year: a gross yield of 7.7% on the 2019 price.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical one-bed in Montrell Serviced Apartments
600K800K1M2017202020232026Typical sale price by year: 2017 AED 908,830; 2018 AED 964,979; 2019 AED 688,091; 2020 AED 628,106; 2022 AED 700,000; 2023 AED 600,115; 2024 AED 626,422; 2025 AED 732,500Sold by developer, August 2019: AED 645,740 (AED 871 per sqft)

506 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 506, each contractTypical one-bed in Montrell Serviced Apartments
40K60K20182020202220242026Typical rent by year: 2018 AED 61,000; 2019 AED 58,500; 2020 AED 45,000; 2021 AED 37,000; 2022 AED 42,550; 2023 AED 52,000; 2024 AED 60,000; 2025 AED 61,750New contract, November 2019: AED 48,000 a yearNew contract, March 2023: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Montrell Serviced Apartments, and where 506 sits

All 52 1-beds →

506 last sold in August 2019 at AED 871 per sqft, 8% above what one-beds in Montrell Serviced Apartments were fetching at the time (AED 810). Over the last 12 months one-beds sold for AED 680,000, around AED 995 per sqft, and rent for AED 55,000 to 71,660 a year. 506's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Feb 2026680,000
22 Jul 2025740,000
10 Jul 2025800,000
19 Jun 2025700,000
1 1-bed sale 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. 3 sold in the last 12 months.

Typical price per sqft
AED 1,165
Typical sale
AED 520K
Typical rent
AED 47K /yr
Typical yield
9.9%
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
504StudioAED 549K · Aug 2017
5051-bedNo registered sale
507StudioAED 522K · May 2017
508StudioAED 506K · May 2017
1–7 of 31

506, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 5 August 2019 for AED 645,740, or AED 871 per sqft.
  • Rented since November 2019 on 2 Ejari contracts, from AED 48,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2019 price is 7.7%.
  • One-beds in Montrell Serviced Apartments sold for AED 680,000–680,000 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 31 March 2023.

Questions about 506, Montrell Serviced Apartments

What did unit 506 last sell for?

AED 645,740 on 5 August 2019, sold by the developer: AED 871 per sqft for 741 sqft. It is the only registered sale of the unit.

What is the rent for unit 506?

AED 50,000 a year on the contract signed on 31 March 2023. The previous contract, from November 2019, was AED 48,000.

How big is unit 506?

741 sqft (68.8 sqm): a one-bedroom hotel apartment on the 5th floor of a 7-storey tower completed in 2018.

What is unit 506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Montrell Serviced Apartments sold for AED 680,000 to 680,000 in the last 12 months, around AED 995 per sqft.

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Mortgage on 506, Montrell Serviced Apartments

Starts from the last sale price (AED 646K, 5 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 645,740
Deposit, UAE resident (20%)
AED 129,148
Deposit, non-resident (40%)
AED 258,296
Monthly over 25 years at 3.7%
AED 2,642

Plus AED 32,131 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →