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Studio · 358 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

509, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in February 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 14 July 2024
Last soldAED 536K28 February 2018
Current rentAED 38K /yr14 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Montrell Serviced Apartments

What is 509 worth today?

Last sold for AED 536,414 in 2018

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14 Jul 2024RentedNew contract
AED 38,000/yr12 months · AED 107 per sqft
10 Jun 2023RentedNew contract
AED 32,000/yr12 months · AED 89 per sqft
10 Jun 2022RentedNew contract
AED 30,000/yr12 months · AED 84 per sqft
10 Apr 2019RentedNew contract
AED 15,000/yr12 months · AED 42 per sqft
28 Feb 2018Sold by developerOff-plan
AED 536,414AED 1,500 per sqft

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

Key facts

Type
Studio hotel apartment
Size
358 sqft
Floor
5th of 7
Parking
P2-4
Developer
Azizi Developments
Completed
2018
Last sold
AED 536K · February 2018
Building
Montrell Serviced Apartments

About 509, Montrell Serviced Apartments

509 is a studio of 358 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 28 February 2018 for AED 536,414, or AED 1,500 per sqft, 10% above the AED 1,362 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 14 July 2024, is AED 38,000 a year: a gross yield of 7.1% on the 2018 price.

Sales and rents for 509 over time

Sales
Unit 509, 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, February 2018: AED 536,414 (AED 1,500 per sqft)

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

Rents
Unit 509, 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, April 2019: AED 15,000 a yearNew contract, June 2022: AED 30,000 a yearNew contract, June 2023: AED 32,000 a yearNew contract, July 2024: AED 38,000 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 509 sits

All 159 studios →

509 last sold in February 2018 at AED 1,500 per sqft, 10% above what studios in Montrell Serviced Apartments were fetching at the time (AED 1,362). 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. 509's AED 38,000 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
2 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. 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%
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
5061-bedAED 646K · Aug 2019
507StudioAED 522K · May 2017
1–7 of 31

509, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 28 February 2018 for AED 536,414, or AED 1,500 per sqft.
  • Rented since April 2019 on 4 Ejari contracts, from AED 15,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2018 price is 7.1%.
  • 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 14 July 2024.

Questions about 509, Montrell Serviced Apartments

What did unit 509 last sell for?

AED 536,414 on 28 February 2018, sold by the developer: AED 1,500 per sqft for 358 sqft. It is the only registered sale of the unit.

What is the rent for unit 509?

AED 38,000 a year on the contract signed on 14 July 2024. The previous contract, from June 2023, was AED 32,000; the unit has been rented since April 2019.

How big is unit 509?

358 sqft (33.3 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.

What is unit 509 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 509, Montrell Serviced Apartments

Starts from the last sale price (AED 536K, 28 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 536,414
Deposit, UAE resident (20%)
AED 107,283
Deposit, non-resident (40%)
AED 214,566
Monthly over 25 years at 3.7%
AED 2,195

Plus AED 27,540 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →