515, Montrell Serviced Apartments
Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Montrell Serviced Apartments
What is 515 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 9 May 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 767 sqft
- Floor
- 5th of 7
- Parking
- P2-10
- Developer
- Azizi Developments
- Completed
- 2018
- Last sold
- AED 620K · May 2024
- Building
- Montrell Serviced Apartments
About 515, Montrell Serviced Apartments
515 is a one-bedroom hotel apartment of 767 sqft on the 5th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. It last sold on 9 May 2024 for AED 620,100, or AED 808 per sqft, 7% above the AED 757 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 15 May 2023, is AED 53,000 a year: a gross yield of 8.6% on the 2024 price.
Sales and rents for 515 over time
515 has sold twice; the dashed line is the one-bed median of each year in the building.
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 515 sits
All 52 1-beds →515 last sold in May 2024 at AED 808 per sqft, 7% above what one-beds in Montrell Serviced Apartments were fetching at the time (AED 757). 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. 515's AED 53,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Feb 20265 February 2026 | 683 sqft | 680,000 | 995 | ||
| 22 Jul 202522 July 2025 | 767 sqft | 740,000 | 964 | ||
| 10 Jul 202510 July 2025 | 767 sqft | 800,000 | 1,042 | ||
| 19 Jun 202519 June 2025 | 767 sqft | 700,000 | 912 |
Montrell Serviced Apartments
Building221 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%
Other units on the 5th floor
All 221 units in Montrell Serviced Apartments| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 849 sqft | AED 613KAED 612,560 · May 2024May 2024 | 65,000 /yr | |
| 502 | Studio | 394 sqft | AED 540KAED 540,000 · May 2017May 2017 | 30,000 /yr | |
| 503 | Studio | 387 sqft | AED 522KAED 521,678 · Feb 2017February 2017 | 42,000 /yr | |
| 504 | Studio | 390 sqft | AED 549KAED 549,455 · Aug 2017August 2017 | 30,000 /yr | |
| 505 | 1-bed | 683 sqft | No registered sale | 48,000 /yr | |
| 506 | 1-bed | 741 sqft | AED 646KAED 645,740 · Aug 2019August 2019 | 50,000 /yr | |
| 507 | Studio | 383 sqft | AED 522KAED 522,325 · May 2017May 2017 | 37,000 /yr | |
| 508 | Studio | 367 sqft | AED 506KAED 505,900 · May 2017May 2017 | ||
| 509 | Studio | 358 sqft | AED 536KAED 536,414 · Feb 2018February 2018 | 38,000 /yr | |
| 510 | Studio | 363 sqft | AED 512KAED 512,140 · Jan 2017January 2017 | 33,000 /yr | |
| 511 | Studio | 429 sqft | AED 500KAED 500,000 · Dec 2025December 2025 | 33,000 /yr | |
| 512 | Studio | 457 sqft | AED 628KAED 628,000 · Jul 2017July 2017 | ||
| 513 | Studio | 458 sqft | AED 635KAED 635,495 · Jan 2018January 2018 | 30,657 /yr | |
| 514 | Studio | 488 sqft | AED 656KAED 656,453 · Sep 2017September 2017 | 38,000 /yr | |
| 516 | Studio | 387 sqft | AED 531KAED 530,848 · Jan 2018January 2018 | 40,500 /yr | |
| 517 | Studio | 392 sqft | AED 530KAED 530,000 · Jun 2017June 2017 | 41,000 /yr | |
| 518 | 1-bed | 767 sqft | AED 700KAED 700,000 · Jun 2025June 2025 | 52,500 /yr | |
| 519 | Studio | 408 sqft | AED 350KAED 350,000 · Jul 2023July 2023 | 37,000 /yr | |
| 520 | Studio | 409 sqft | AED 550KAED 549,888 · Sep 2017September 2017 | ||
| 521 | Studio | 408 sqft | AED 584KAED 583,556 · Jun 2017June 2017 | 44,000 /yr | |
| 522 | Studio | 380 sqft | AED 485KAED 485,000 · Feb 2025February 2025 | 48,000 /yr | |
| 523 | Studio | 333 sqft | AED 365KAED 365,000 · Jul 2023July 2023 | 42,000 /yr | |
| 524 | Studio | 365 sqft | AED 310KAED 310,000 · Feb 2021February 2021 | 33,000 /yr | |
| 525 | Studio | 367 sqft | AED 380KAED 380,000 · Jun 2024June 2024 | 43,000 /yr | |
| 526 | Studio | 383 sqft | AED 525KAED 524,516 · Apr 2017April 2017 | 23,000 /yr | |
| 527 | 1-bed | 741 sqft | AED 909KAED 908,830 · May 2017May 2017 | 70,000 /yr | |
| 528 | 1-bed | 683 sqft | AED 540KAED 540,153 · Jan 2024January 2024 | 60,500 /yr | |
| 529 | Studio | 390 sqft | AED 528KAED 527,732 · Dec 2017December 2017 | 45,000 /yr | |
| 530 | Studio | 387 sqft | AED 305KAED 305,000 · Oct 2022October 2022 | 42,000 /yr | |
| 531 | Studio | 394 sqft | AED 540KAED 539,700 · Mar 2017March 2017 | 49,704 /yr | |
| 532 | 1-bed | 849 sqft | AED 626KAED 626,422 · Apr 2024April 2024 | 45,000 /yr |
515, Montrell Serviced Apartments in numbers
- Sold twice: first on 24 February 2019 for AED 621,479, last on 9 May 2024 for AED 620,100 (AED 808 per sqft).
- Rented since June 2018 on 6 Ejari contracts. The rent fell from AED 61,000 to AED 38,000 in 2020 and recovered to AED 53,000 by May 2023.
- At AED 53,000 a year the gross yield on the 2024 price is 8.6%.
- 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 1,189 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 9 May 2024.
Questions about 515, Montrell Serviced Apartments
What did unit 515 last sell for?
AED 620,100 on 9 May 2024: AED 808 per sqft for 767 sqft. The unit has 2 registered sales; the first was AED 621,479 in February 2019.
What is the rent for unit 515?
AED 53,000 a year on the contract signed on 15 May 2023. The previous contract, from January 2021, was AED 47,000; the unit has been rented since June 2018.
How big is unit 515?
767 sqft (71.3 sqm): a one-bedroom hotel apartment on the 5th floor of a 7-storey tower completed in 2018.
What is unit 515 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.
Selling 515? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 515, Montrell Serviced Apartments
Starts from the last sale price (AED 620K, 9 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 620,100
- Deposit, UAE resident (20%)
- AED 124,020
- Deposit, non-resident (40%)
- AED 248,040
- Monthly over 25 years at 3.7%
- AED 2,537
Plus AED 31,054 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →