3502, Mada Residences
Sold prices and rental history: sold once, by the developer in August 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 3502, Mada Residences
What is 3502 worth today?
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Source: Dubai Land Department. Updated 10 September 2024.
Key facts
- Type
- 4-bed apartment
- Size
- 3,296 sqft
- Floor
- 35th of 36
- Parking
- P1-26, P1-27
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 71,400 /yr
- Last sold
- AED 5.45M · August 2024
- Building
- Mada Residences
About 3502, Mada Residences
3502 is a four-bedroom apartment of 3,296 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 29 August 2024 for AED 5,454,586, or AED 1,654 per sqft, 6% below the AED 1,760 four-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 10 September 2024, is AED 50,000 a year: a gross yield of 0.9% on the 2024 price, before the service charge of about AED 71,400 a year.
Sales and rents for 3502 over time
3502 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 3502 sits
All 9 4-beds →3502 last sold in August 2024 at AED 1,654 per sqft, 6% below what four-beds in Mada Residences were fetching at the time (AED 1,760).
| 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 | ||
| 18 Apr 202418 April 2024 | 2,888 sqft | 5,150,000 | 1,783 | ||
| 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 Residences3502, Mada Residences in numbers
- Sold once: by Artar Real Estate Development on 29 August 2024 for AED 5,454,586, or AED 1,654 per sqft.
- Rented since December 2019 on 5 Ejari contracts, from AED 200,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2024 price is 0.9%, before a service charge of about AED 71,400 a year (AED 21.66 per sqft).
Source: Dubai Land Department. Updated 10 September 2024.
Questions about 3502, Mada Residences
What did unit 3502 last sell for?
AED 5,454,586 on 29 August 2024, sold by the developer: AED 1,654 per sqft for 3,296 sqft. It is the only registered sale of the unit.
What is the rent for unit 3502?
AED 50,000 a year on the contract signed on 10 September 2024. The previous contract, from January 2023, was AED 205,700; the unit has been rented since December 2019.
How big is unit 3502?
3,296 sqft (306.2 sqm): a four-bedroom apartment on the 35th floor of a 36-storey tower completed in 2018.
What is unit 3502 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 3502, Mada Residences
Starts from the last sale price (AED 5.45M, 29 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,454,586
- Deposit, UAE resident (20%)
- AED 1,090,917
- Deposit, non-resident (40%)
- AED 2,181,834
- Monthly over 25 years at 3.7%
- AED 22,316
Plus AED 234,102 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →