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Studio · 387 sqftMontrell Serviced Apartments, Al Furjan · 6th floor · completed 2018

603, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in June 2017, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 25 November 2024
Last soldAED 531K29 June 2017
Current rentAED 43K /yr25 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 603, Montrell Serviced Apartments

What is 603 worth today?

Last sold for AED 531,000 in 2017

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25 Nov 2024RentedNew contract
AED 43,000/yr12 months · AED 111 per sqft
14 Nov 2023RentedNew contract
AED 37,895/yr12 months · AED 98 per sqft
29 Jun 2017Sold by developerOff-plan
AED 531,000AED 1,372 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 November 2024.

Key facts

Type
Studio hotel apartment
Size
387 sqft
Floor
6th of 7
Parking
P2-29
Developer
Azizi Developments
Completed
2018
Last sold
AED 531K · June 2017
Building
Montrell Serviced Apartments

About 603, Montrell Serviced Apartments

603 is a studio of 387 sqft on the 6th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 29 June 2017 for AED 531,000, or AED 1,372 per sqft, in line with the AED 1,350 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 25 November 2024, is AED 43,000 a year: a gross yield of 8.1% on the 2017 price.

Sales and rents for 603 over time

Sales
Unit 603, 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 531,000 (AED 1,372 per sqft)

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

Rents
Unit 603, 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 2023: AED 37,895 a yearNew contract, November 2024: AED 43,000 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 603 sits

All 159 studios →

603 last sold in June 2017 at AED 1,372 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,350). 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. 603's AED 43,000 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 47K /yr
Typical yield
9.9%
Montrell Serviced Apartments, Al Furjan: prices, sales and rents →

Other units on the 6th floor

All 221 units in Montrell Serviced Apartments
Value
6011-bedAED 626K · Apr 2024
602StudioAED 370K · Nov 2019
604StudioAED 532K · Jun 2017
6051-bedAED 874K · Jul 2018
6061-bedAED 1M · Jun 2017
607StudioAED 537K · Nov 2017
608StudioAED 507K · Dec 2016
1–7 of 31

603, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 29 June 2017 for AED 531,000, or AED 1,372 per sqft.
  • Rented since November 2023 on 2 Ejari contracts, from AED 37,895 to AED 43,000 a year.
  • At AED 43,000 a year the gross yield on the 2017 price is 8.1%.
  • 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 25 November 2024.

Questions about 603, Montrell Serviced Apartments

What did unit 603 last sell for?

AED 531,000 on 29 June 2017, sold by the developer: AED 1,372 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 603?

AED 43,000 a year on the contract signed on 25 November 2024. The previous contract, from November 2023, was AED 37,895.

How big is unit 603?

387 sqft (36.0 sqm): a studio on the 6th floor of a 7-storey tower completed in 2018.

What is unit 603 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 603, Montrell Serviced Apartments

Starts from the last sale price (AED 531K, 29 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 531,000
Deposit, UAE resident (20%)
AED 106,200
Deposit, non-resident (40%)
AED 212,400
Monthly over 25 years at 3.7%
AED 2,172

Plus AED 27,312 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →