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Studio · 387 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

516, Montrell Serviced Apartments

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

Unit 516 · DLD and Ejari recordsUpdated 27 September 2024
Last soldAED 531K21 January 2018
Current rentAED 41K /yr27 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 516, Montrell Serviced Apartments

What is 516 worth today?

Last sold for AED 530,848 in 2018

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27 Sep 2024RentedNew contract
AED 40,500/yr12 months · AED 105 per sqft
1 Sep 2023RentedRenewal
AED 31,500/yr12 months · AED 81 per sqft
1 Sep 2022RentedNew contract
AED 27,000/yr12 months · AED 70 per sqft
8 Feb 2020RentedNew contract
AED 30,000/yr12 months · AED 77 per sqft
17 Nov 2018RentedNew contract
AED 30,000/yr12 months · AED 77 per sqft
21 Jan 2018Sold by developerOff-plan
AED 530,848AED 1,371 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 September 2024.

Key facts

Type
Studio hotel apartment
Size
387 sqft
Floor
5th of 7
Parking
P2-11
Developer
Azizi Developments
Completed
2018
Last sold
AED 531K · January 2018
Building
Montrell Serviced Apartments

About 516, Montrell Serviced Apartments

516 is a studio of 387 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 21 January 2018 for AED 530,848, or AED 1,371 per sqft, in line with the AED 1,361 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 27 September 2024, is AED 40,500 a year: a gross yield of 7.6% on the 2018 price.

Sales and rents for 516 over time

Sales
Unit 516, 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, January 2018: AED 530,848 (AED 1,371 per sqft)

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

Rents
Unit 516, 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 30,000 a yearNew contract, February 2020: AED 30,000 a yearNew contract, September 2022: AED 27,000 a yearRenewal, September 2023: AED 31,500 a yearNew contract, September 2024: AED 40,500 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 516 sits

All 159 studios →

516 last sold in January 2018 at AED 1,371 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,361). 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. 516's AED 40,500 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
504StudioAED 549K · Aug 2017
5051-bedNo registered sale
5061-bedAED 646K · Aug 2019
507StudioAED 522K · May 2017
1–7 of 31

516, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 21 January 2018 for AED 530,848, or AED 1,371 per sqft.
  • Rented since November 2018 on 5 Ejari contracts, from AED 30,000 to AED 40,500 a year.
  • At AED 40,500 a year the gross yield on the 2018 price is 7.6%.
  • 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 27 September 2024.

Questions about 516, Montrell Serviced Apartments

What did unit 516 last sell for?

AED 530,848 on 21 January 2018, sold by the developer: AED 1,371 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 40,500 a year on the contract signed on 27 September 2024. The previous contract, from September 2023, was AED 31,500; the unit has been rented since November 2018.

How big is unit 516?

387 sqft (36.0 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.

What is unit 516 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 516, Montrell Serviced Apartments

Starts from the last sale price (AED 531K, 21 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 530,848
Deposit, UAE resident (20%)
AED 106,170
Deposit, non-resident (40%)
AED 212,339
Monthly over 25 years at 3.7%
AED 2,172

Plus AED 27,306 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →