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Studio · 392 sqftMontrell Serviced Apartments, Al Furjan · 6th floor · completed 2018

617, Montrell Serviced Apartments

Sold prices and rental history: sold twice, last in August 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 617 · DLD and Ejari recordsUpdated 9 August 2023
Last soldAED 340K9 August 2023
Current rentAED 27K /yr23 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 617, Montrell Serviced Apartments

What is 617 worth today?

Last sold for AED 340,000 in 2023

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9 Aug 2023SoldReady
AED 340,000AED 867 per sqft
23 Dec 2022RentedRenewal
AED 27,000/yr12 months · AED 70 per sqft
23 Dec 2021RentedNew contract
AED 23,000/yr12 months · AED 59 per sqft
23 Nov 2021Sold by developerReady
AED 448,800AED 1,145 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 9 August 2023.

Key facts

Type
Studio hotel apartment
Size
392 sqft
Floor
6th of 7
Parking
P2-48
Developer
Azizi Developments
Completed
2018
Last sold
AED 340K · August 2023
Building
Montrell Serviced Apartments

About 617, Montrell Serviced Apartments

617 is a studio of 392 sqft on the 6th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. It last sold on 9 August 2023 for AED 340,000, or AED 867 per sqft, in line with the AED 858 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 23 December 2022, is AED 27,000 a year: a gross yield of 7.9% on the 2023 price.

Sales and rents for 617 over time

Sales
Unit 617, 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, November 2021: AED 448,800 (AED 1,145 per sqft)Sold, August 2023: AED 340,000 (AED 867 per sqft)

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

Rents
Unit 617, 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, December 2021: AED 23,000 a yearRenewal, December 2022: AED 27,000 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 617 sits

All 159 studios →

617 last sold in August 2023 at AED 867 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 858). 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. 617's AED 27,000 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
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 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

617, Montrell Serviced Apartments in numbers

  • Sold twice: first on 23 November 2021 for AED 448,800, last on 9 August 2023 for AED 340,000 (AED 867 per sqft).
  • Rented since December 2021 on 2 Ejari contracts, from AED 23,000 to AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2023 price is 7.9%.
  • 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 9 August 2023.

Questions about 617, Montrell Serviced Apartments

What did unit 617 last sell for?

AED 340,000 on 9 August 2023: AED 867 per sqft for 392 sqft. The unit has 2 registered sales; the first was AED 448,800 in November 2021.

What is the rent for unit 617?

AED 27,000 a year on the contract renewed on 23 December 2022. The previous contract, from December 2021, was AED 23,000.

How big is unit 617?

392 sqft (36.4 sqm): a studio on the 6th floor of a 7-storey tower completed in 2018.

What is unit 617 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 617, Montrell Serviced Apartments

Starts from the last sale price (AED 340K, 9 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 340,000
Deposit, UAE resident (20%)
AED 68,000
Deposit, non-resident (40%)
AED 136,000
Monthly over 25 years at 3.7%
AED 1,391

Plus AED 17,190 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →