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Studio · 367 sqftMontrell Serviced Apartments, Al Furjan · 7th floor · completed 2018

708, Montrell Serviced Apartments

Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 20 July 2025
Last soldAED 510K19 March 2018
Current rentAED 38K /yr20 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Montrell Serviced Apartments

What is 708 worth today?

Last sold for AED 510,231 in 2018

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20 Jul 2025RentedNew contract
AED 38,000/yr12 months · AED 104 per sqft
5 May 2024RentedNew contract
AED 39,000/yr12 months · AED 106 per sqft
15 Oct 2023RentedNew contract
AED 37,000/yr12 months · AED 101 per sqft
15 Oct 2023RentedNew contract
AED 37,000/yr12 months · AED 101 per sqft
1 Jul 2022RentedNew contract
AED 30,000/yr12 months · AED 82 per sqft
1 Jan 2021RentedNew contract
AED 27,000/yr12 months · AED 74 per sqft
31 Oct 2018RentedNew contract
AED 30,000/yr12 months · AED 82 per sqft
19 Mar 2018Sold by developerOff-plan
AED 510,231AED 1,388 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 July 2025.

Key facts

Type
Studio hotel apartment
Size
367 sqft
Floor
7th of 7
Parking
P2-70
Developer
Azizi Developments
Completed
2018
Last sold
AED 510K · March 2018
Building
Montrell Serviced Apartments

About 708, Montrell Serviced Apartments

708 is a studio of 367 sqft on the 7th floor of Montrell Serviced Apartments, a 7-storey tower in Al Furjan completed in 2018 by Azizi Developments. The developer sold it on 19 March 2018 for AED 510,231, or AED 1,388 per sqft, in line with the AED 1,362 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 20 July 2025, is AED 38,000 a year: a gross yield of 7.4% on the 2018 price.

Sales and rents for 708 over time

Sales
Unit 708, 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 2018: AED 510,231 (AED 1,388 per sqft)

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

Rents
Unit 708, 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, October 2018: AED 30,000 a yearNew contract, January 2021: AED 27,000 a yearNew contract, July 2022: AED 30,000 a yearNew contract, October 2023: AED 37,000 a yearNew contract, October 2023: AED 37,000 a yearNew contract, May 2024: AED 39,000 a yearNew contract, July 2025: AED 38,000 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 708 sits

All 159 studios →

708 last sold in March 2018 at AED 1,388 per sqft, in line with what studios in Montrell Serviced Apartments were fetching at the time (AED 1,362). 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. 708's AED 38,000 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 7th floor

All 221 units in Montrell Serviced Apartments
Value
7011-bedAED 626K · Apr 2024
702AED 485K · Oct 2025
703StudioAED 537K · Jun 2017
704StudioAED 538K · Jun 2017
7051-bedAED 680K · Feb 2026
7061-bedAED 605K · Jun 2020
707StudioAED 538K · Jan 2018
1–7 of 31

708, Montrell Serviced Apartments in numbers

  • Sold once: by Azizi Developments on 19 March 2018 for AED 510,231, or AED 1,388 per sqft.
  • Rented since October 2018 on 7 Ejari contracts, from AED 30,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2018 price is 7.4%.
  • 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 20 July 2025.

Questions about 708, Montrell Serviced Apartments

What did unit 708 last sell for?

AED 510,231 on 19 March 2018, sold by the developer: AED 1,388 per sqft for 367 sqft. It is the only registered sale of the unit.

What is the rent for unit 708?

AED 38,000 a year on the contract signed on 20 July 2025. The previous contract, from May 2024, was AED 39,000; the unit has been rented since October 2018.

How big is unit 708?

367 sqft (34.1 sqm): a studio on the 7th floor of a 7-storey tower completed in 2018.

What is unit 708 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 708, Montrell Serviced Apartments

Starts from the last sale price (AED 510K, 19 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 510,231
Deposit, UAE resident (20%)
AED 102,046
Deposit, non-resident (40%)
AED 204,092
Monthly over 25 years at 3.7%
AED 2,088

Plus AED 26,439 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →