1603, Mada Residences
Sold prices and rental history: sold once, by the developer in November 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Mada Residences
What is 1603 worth today?
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Source: Dubai Land Department. Updated 1 August 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,527 sqft
- Floor
- 16th of 36
- Parking
- P2-42
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 33,100 /yr
- Last sold
- AED 2.52M · November 2016
- Building
- Mada Residences
About 1603, Mada Residences
1603 is a two-bedroom apartment of 1,527 sqft on the 16th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development. The developer sold it on 20 November 2016 for AED 2,524,044, or AED 1,652 per sqft, in line with the AED 1,626 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, signed on 1 August 2025, is AED 150,000 a year: a gross yield of 5.9% on the 2016 price, before the service charge of about AED 33,100 a year.
Sales and rents for 1603 over time
1603 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mada Residences, and where 1603 sits
All 79 2-beds →1603 last sold in November 2016 at AED 1,652 per sqft, in line with what two-beds in Mada Residences were fetching at the time (AED 1,626). Over the last 12 months two-beds sold for AED 3,050,000 to 3,158,400, around AED 1,919 per sqft, and rent for AED 146,107 to 200,000 a year. 1603's AED 150,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Dec 202512 December 2025 | 1,620 sqft | 3,158,400 | 1,949 | ||
| 3 Jul 20253 July 2025 | 1,620 sqft | 2,850,000 | 1,759 | ||
| 30 May 202530 May 2025 | 1,656 sqft | 3,000,000 | 1,811 | ||
| 12 May 202512 May 2025 | 1,656 sqft | 2,603,370 | 1,571 |
Mada Residences
Building192 apartments, 1-bed to 4-bed over 36 floors in Downtown Dubai, completed in 2018 by Artar Real Estate Development. 9 sold in the last 12 months.
- Typical price per sqft
- AED 1,844
- Typical sale
- AED 4M
- Typical rent
- AED 150K /yr
- Typical yield
- 6.4%
Other units on the 16th floor
All 192 units in Mada Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 3-bed | 2,102 sqft | AED 3.51MAED 3,507,848 · Jun 2018June 2018 | 170,000 /yr | |
| 1602 | 2-bed | 1,621 sqft | AED 2.94MAED 2,935,106 · Dec 2016December 2016 | ||
| 1604 | 2-bed | 1,522 sqft | AED 2.56MAED 2,557,599 · Jun 2018June 2018 | 170,000 /yr | |
| 1605 | 2-bed | 1,662 sqft | AED 2.76MAED 2,760,902 · Jun 2018June 2018 | 170,000 /yr | |
| 1606 | 3-bed | 2,196 sqft | AED 3.69MAED 3,689,561 · Jun 2018June 2018 | 204,114 /yr |
1603, Mada Residences in numbers
- Sold once: by Artar Real Estate Development on 20 November 2016 for AED 2,524,044, or AED 1,652 per sqft.
- Rented since December 2018 on 8 Ejari contracts. The rent fell from AED 135,000 to AED 95,000 in 2020 and recovered to AED 150,000 by August 2025.
- At AED 150,000 a year the gross yield on the 2016 price is 5.9%, before a service charge of about AED 33,100 a year (AED 21.66 per sqft).
- Two-beds in Mada Residences sold for AED 3,050,000–3,158,400 in the 12 months to November 2026; the building's median across all types is AED 1,844 per sqft.
Source: Dubai Land Department. Updated 1 August 2025.
Questions about 1603, Mada Residences
What did unit 1603 last sell for?
AED 2,524,044 on 20 November 2016, sold by the developer: AED 1,652 per sqft for 1,527 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 150,000 a year on the contract signed on 1 August 2025. The previous contract, from May 2024, was AED 170,000; the unit has been rented since December 2018.
How big is unit 1603?
1,527 sqft (141.9 sqm): a two-bedroom apartment on the 16th floor of a 36-storey tower completed in 2018.
What is unit 1603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mada Residences sold for AED 3,050,000 to 3,158,400 in the last 12 months, around AED 1,919 per sqft.
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Mortgage on 1603, Mada Residences
Starts from the last sale price (AED 2.52M, 20 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,524,044
- Deposit, UAE resident (20%)
- AED 504,809
- Deposit, non-resident (40%)
- AED 1,009,618
- Monthly over 25 years at 3.7%
- AED 10,327
Plus AED 111,020 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →