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Studio · 365 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

524, Montrell Serviced Apartments

Sold prices and rental history: sold twice, last in February 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 524 · DLD and Ejari recordsUpdated 16 March 2024
Last soldAED 310K23 February 2021
Current rentAED 33K /yr16 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 524, Montrell Serviced Apartments

What is 524 worth today?

Last sold for AED 310,000 in 2021

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16 Mar 2024RentedNew contract
AED 33,000/yr12 months · AED 90 per sqft
16 Mar 2023RentedNew contract
AED 30,000/yr12 months · AED 82 per sqft
15 Mar 2022RentedRenewal
AED 24,000/yr12 months · AED 66 per sqft
15 Mar 2021RentedNew contract
AED 20,000/yr12 months · AED 55 per sqft
23 Feb 2021SoldReady
AED 310,000AED 848 per sqft
23 Feb 2019RentedNew contract
AED 32,000/yr12 months · AED 87 per sqft
5 Dec 2017Sold by developerOff-plan
AED 508,820AED 1,392 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 March 2024.

Key facts

Type
Studio hotel apartment
Size
365 sqft
Floor
5th of 7
Parking
P2-19
Developer
Azizi Developments
Completed
2018
Last sold
AED 310K · February 2021
Building
Montrell Serviced Apartments

About 524, Montrell Serviced Apartments

524 is a studio of 365 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 23 February 2021 for AED 310,000, or AED 848 per sqft, 15% below the AED 1,000 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 16 March 2024, is AED 33,000 a year: a gross yield of 10.7% on the 2021 price.

Sales and rents for 524 over time

Sales
Unit 524, 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, December 2017: AED 508,820 (AED 1,392 per sqft)Sold, February 2021: AED 310,000 (AED 848 per sqft)

524 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 524, 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, February 2019: AED 32,000 a yearNew contract, March 2021: AED 20,000 a yearRenewal, March 2022: AED 24,000 a yearNew contract, March 2023: AED 30,000 a yearNew contract, March 2024: AED 33,000 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 524 sits

All 159 studios →

524 last sold in February 2021 at AED 848 per sqft, 15% below what studios in Montrell Serviced Apartments were fetching at the time (AED 1,000). 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. 524's AED 33,000 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

524, Montrell Serviced Apartments in numbers

  • Sold twice: first on 5 December 2017 for AED 508,820, last on 23 February 2021 for AED 310,000 (AED 848 per sqft).
  • Rented since February 2019 on 5 Ejari contracts. The rent fell from AED 32,000 to AED 20,000 in 2021 and recovered to AED 33,000 by March 2024.
  • At AED 33,000 a year the gross yield on the 2021 price is 10.7%.
  • 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 16 March 2024.

Questions about 524, Montrell Serviced Apartments

What did unit 524 last sell for?

AED 310,000 on 23 February 2021: AED 848 per sqft for 365 sqft. The unit has 2 registered sales; the first was AED 508,820 in December 2017.

What is the rent for unit 524?

AED 33,000 a year on the contract signed on 16 March 2024. The previous contract, from March 2023, was AED 30,000; the unit has been rented since February 2019.

How big is unit 524?

365 sqft (33.9 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.

What is unit 524 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 524, Montrell Serviced Apartments

Starts from the last sale price (AED 310K, 23 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 310,000
Deposit, UAE resident (20%)
AED 62,000
Deposit, non-resident (40%)
AED 124,000
Monthly over 25 years at 3.7%
AED 1,268

Plus AED 15,930 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →