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Studio · 392 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

517, Montrell Serviced Apartments

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

Unit 517 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 530K13 June 2017
Current rentAED 41K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 517, Montrell Serviced Apartments

What is 517 worth today?

Last sold for AED 530,000 in 2017

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1 Jun 2024RentedNew contract
AED 41,000/yr12 months · AED 106 per sqft
24 Aug 2023RentedNew contract
AED 37,000/yr12 months · AED 95 per sqft
1 Jul 2022RentedRenewal
AED 28,000/yr12 months · AED 72 per sqft
1 Jul 2021RentedNew contract
AED 24,000/yr12 months · AED 62 per sqft
20 Nov 2019RentedNew contract
AED 30,000/yr12 months · AED 77 per sqft
3 Nov 2018RentedNew contract
AED 37,000/yr12 months · AED 95 per sqft
13 Jun 2017Sold by developerOff-plan
AED 530,000AED 1,352 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 June 2024.

Key facts

Type
Studio hotel apartment
Size
392 sqft
Floor
5th of 7
Parking
P2-12
Developer
Azizi Developments
Completed
2018
Last sold
AED 530K · June 2017
Building
Montrell Serviced Apartments

About 517, Montrell Serviced Apartments

517 is a studio of 392 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 13 June 2017 for AED 530,000, or AED 1,352 per sqft, in line with the AED 1,344 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 June 2024, is AED 41,000 a year: a gross yield of 7.7% on the 2017 price.

Sales and rents for 517 over time

Sales
Unit 517, 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, June 2017: AED 530,000 (AED 1,352 per sqft)

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

Rents
Unit 517, 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 37,000 a yearNew contract, November 2019: AED 30,000 a yearNew contract, July 2021: AED 24,000 a yearRenewal, July 2022: AED 28,000 a yearNew contract, August 2023: AED 37,000 a yearNew contract, June 2024: AED 41,000 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 517 sits

All 159 studios →

517 last sold in June 2017 at AED 1,352 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,344). 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. 517's AED 41,000 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

517, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 13 June 2017 for AED 530,000, or AED 1,352 per sqft.
  • Rented since November 2018 on 6 Ejari contracts. The rent fell from AED 37,000 to AED 24,000 in 2021 and recovered to AED 41,000 by June 2024.
  • At AED 41,000 a year the gross yield on the 2017 price is 7.7%.
  • 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 1 June 2024.

Questions about 517, Montrell Serviced Apartments

What did unit 517 last sell for?

AED 530,000 on 13 June 2017, sold by the developer: AED 1,352 per sqft for 392 sqft. It is the only registered sale of the unit.

What is the rent for unit 517?

AED 41,000 a year on the contract signed on 1 June 2024. The previous contract, from August 2023, was AED 37,000; the unit has been rented since November 2018.

How big is unit 517?

392 sqft (36.4 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.

What is unit 517 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 517, Montrell Serviced Apartments

Starts from the last sale price (AED 530K, 13 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 530,000
Deposit, UAE resident (20%)
AED 106,000
Deposit, non-resident (40%)
AED 212,000
Monthly over 25 years at 3.7%
AED 2,168

Plus AED 27,270 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →