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Studio · 394 sqftMontrell Serviced Apartments, Al Furjan · 5th floor · completed 2018

531, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in March 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 531 · DLD and Ejari recordsUpdated 19 February 2025
Last soldAED 540K28 March 2017
Current rentAED 50K /yr19 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 531, Montrell Serviced Apartments

What is 531 worth today?

Last sold for AED 539,700 in 2017

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19 Feb 2025RentedNew contract
AED 49,704/yr12 months · AED 126 per sqft
19 Feb 2024RentedNew contract
AED 50,000/yr12 months · AED 126 per sqft
3 Feb 2023RentedNew contract
AED 42,000/yr12 months · AED 105 per sqft
7 Oct 2021RentedNew contract
AED 29,920/yr12 months · AED 75 per sqft
3 Mar 2020RentedNew contract
AED 32,000/yr12 months · AED 80 per sqft
28 Mar 2017Sold by developerOff-plan
AED 539,700AED 1,369 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 19 February 2025.

Key facts

Type
Studio hotel apartment
Size
394 sqft
Floor
5th of 7
Parking
P2-25
Developer
Azizi Developments
Completed
2018
Last sold
AED 540K · March 2017
Building
Montrell Serviced Apartments

About 531, Montrell Serviced Apartments

531 is a studio of 394 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 March 2017 for AED 539,700, or AED 1,369 per sqft, in line with the AED 1,352 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 19 February 2025, is AED 49,704 a year: a gross yield of 9.2% on the 2017 price.

Sales and rents for 531 over time

Sales
Unit 531, 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, March 2017: AED 539,700 (AED 1,369 per sqft)

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

Rents
Unit 531, 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, March 2020: AED 32,000 a yearNew contract, October 2021: AED 29,920 a yearNew contract, February 2023: AED 42,000 a yearNew contract, February 2024: AED 50,000 a yearNew contract, February 2025: AED 49,704 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 531 sits

All 159 studios →

531 last sold in March 2017 at AED 1,369 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,352). 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. 531's AED 49,704 is in the upper 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

531, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 28 March 2017 for AED 539,700, or AED 1,369 per sqft.
  • Rented since March 2020 on 5 Ejari contracts, from AED 32,000 to AED 49,704 a year.
  • At AED 49,704 a year the gross yield on the 2017 price is 9.2%.
  • 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 19 February 2025.

Questions about 531, Montrell Serviced Apartments

What did unit 531 last sell for?

AED 539,700 on 28 March 2017, sold by the developer: AED 1,369 per sqft for 394 sqft. It is the only registered sale of the unit.

What is the rent for unit 531?

AED 49,704 a year on the contract signed on 19 February 2025. The previous contract, from February 2024, was AED 50,000; the unit has been rented since March 2020.

How big is unit 531?

394 sqft (36.6 sqm): a studio on the 5th floor of a 7-storey tower completed in 2018.

What is unit 531 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 531, Montrell Serviced Apartments

Starts from the last sale price (AED 540K, 28 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 539,700
Deposit, UAE resident (20%)
AED 107,940
Deposit, non-resident (40%)
AED 215,880
Monthly over 25 years at 3.7%
AED 2,208

Plus AED 27,677 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →