3501, Mada Residences
Sold prices and rental history: sold once, by the developer in April 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3501, Mada Residences
What is 3501 worth today?
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Source: Dubai Land Department. Updated 18 April 2024.
Key facts
- Type
- 4-bed apartment
- Size
- 2,888 sqft
- Floor
- 35th of 36
- Parking
- P1-24, P1-25
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 62,600 /yr
- Last sold
- AED 5.15M · April 2024
- Building
- Mada Residences
About 3501, Mada Residences
3501 is a four-bedroom apartment of 2,888 sqft on the 35th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development. The developer sold it on 18 April 2024 for AED 5,150,000, or AED 1,783 per sqft, in line with the AED 1,767 four-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 202,125 a year: a gross yield of 3.9% on the 2024 price, before the service charge of about AED 62,600 a year.
Sales and rents for 3501 over time
3501 has sold once; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Mada Residences, and where 3501 sits
All 9 4-beds →3501 last sold in April 2024 at AED 1,783 per sqft, in line with what four-beds in Mada Residences were fetching at the time (AED 1,767).
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Dec 202430 December 2024 | 3,306 sqft | 6,100,000 | 1,845 | ||
| 11 Nov 202411 November 2024 | 3,306 sqft | 5,289,281 | 1,599 | ||
| 29 Aug 202429 August 2024 | 3,296 sqft | 5,454,586 | 1,654 | ||
| 15 Feb 202415 February 2024 | 3,251 sqft | 5,700,000 | 1,753 |
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 35th floor
All 192 units in Mada Residences3501, Mada Residences in numbers
- Sold once: by Artar Real Estate Development on 18 April 2024 for AED 5,150,000, or AED 1,783 per sqft.
- Rented since December 2019 on 4 Ejari contracts. The rent fell from AED 200,000 to AED 175,000 in 2021 and recovered to AED 202,125 by February 2023.
- At AED 202,125 a year the gross yield on the 2024 price is 3.9%, before a service charge of about AED 62,600 a year (AED 21.66 per sqft).
Source: Dubai Land Department. Updated 18 April 2024.
Questions about 3501, Mada Residences
What did unit 3501 last sell for?
AED 5,150,000 on 18 April 2024, sold by the developer: AED 1,783 per sqft for 2,888 sqft. It is the only registered sale of the unit.
What is the rent for unit 3501?
AED 202,125 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 192,500; the unit has been rented since December 2019.
How big is unit 3501?
2,888 sqft (268.3 sqm): a four-bedroom apartment on the 35th floor of a 36-storey tower completed in 2018.
What is unit 3501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 3501, Mada Residences
Starts from the last sale price (AED 5.15M, 18 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,150,000
- Deposit, UAE resident (20%)
- AED 1,030,000
- Deposit, non-resident (40%)
- AED 2,060,000
- Monthly over 25 years at 3.7%
- AED 21,070
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →