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

616, 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 616 · DLD and Ejari recordsUpdated 20 September 2022
Last soldAED 555K7 January 2018
Current rentAED 28K /yr20 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 616, Montrell Serviced Apartments

What is 616 worth today?

Last sold for AED 555,000 in 2018

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20 Sep 2022RentedNew contract
AED 28,000/yr12 months · AED 72 per sqft
14 Sep 2021RentedNew contract
AED 23,000/yr12 months · AED 59 per sqft
1 Sep 2020RentedNew contract
AED 24,000/yr12 months · AED 62 per sqft
6 Nov 2019RentedNew contract
AED 33,000/yr12 months · AED 85 per sqft
5 Nov 2018RentedNew contract
AED 36,000/yr12 months · AED 93 per sqft
7 Jan 2018Sold by developerOff-plan
AED 555,000AED 1,433 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 September 2022.

Key facts

Type
Studio hotel apartment
Size
387 sqft
Floor
6th of 7
Parking
P2-47
Developer
Azizi Developments
Completed
2018
Last sold
AED 555K · January 2018
Building
Montrell Serviced Apartments

About 616, Montrell Serviced Apartments

616 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 7 January 2018 for AED 555,000, or AED 1,433 per sqft, 6% above the AED 1,356 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 20 September 2022, is AED 28,000 a year: a gross yield of 5.1% on the 2018 price.

Sales and rents for 616 over time

Sales
Unit 616, 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 555,000 (AED 1,433 per sqft)

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

Rents
Unit 616, 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 36,000 a yearNew contract, November 2019: AED 33,000 a yearNew contract, September 2020: AED 24,000 a yearNew contract, September 2021: AED 23,000 a yearNew contract, September 2022: AED 28,000 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 616 sits

All 159 studios →

616 last sold in January 2018 at AED 1,433 per sqft, 6% above what studios in Montrell Serviced Apartments were fetching at the time (AED 1,356). 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. 616's AED 28,000 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 6th floor

All 221 units in Montrell Serviced Apartments
Value
6011-bedAED 626K · Apr 2024
602StudioAED 370K · Nov 2019
603StudioAED 531K · Jun 2017
604StudioAED 532K · Jun 2017
6051-bedAED 874K · Jul 2018
6061-bedAED 1M · Jun 2017
607StudioAED 537K · Nov 2017
1–7 of 31

616, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 7 January 2018 for AED 555,000, or AED 1,433 per sqft.
  • Rented since November 2018 on 5 Ejari contracts. The rent fell from AED 36,000 to AED 23,000 in 2021 and recovered to AED 28,000 by September 2022.
  • At AED 28,000 a year the gross yield on the 2018 price is 5.1%.
  • 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 20 September 2022.

Questions about 616, Montrell Serviced Apartments

What did unit 616 last sell for?

AED 555,000 on 7 January 2018, sold by the developer: AED 1,433 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 616?

AED 28,000 a year on the contract signed on 20 September 2022. The previous contract, from September 2021, was AED 23,000; the unit has been rented since November 2018.

How big is unit 616?

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

What is unit 616 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 616, Montrell Serviced Apartments

Starts from the last sale price (AED 555K, 7 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 555,000
Deposit, UAE resident (20%)
AED 111,000
Deposit, non-resident (40%)
AED 222,000
Monthly over 25 years at 3.7%
AED 2,271

Plus AED 28,320 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →