703, Mada Residences
Sold prices and rental history: sold once, by the developer in June 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Mada Residences
What is 703 worth today?
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Source: Dubai Land Department. Updated 29 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,628 sqft
- Floor
- 7th of 36
- Parking
- P2-23
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 35,300 /yr
- Last sold
- AED 2.73M · June 2018
- Building
- Mada Residences
About 703, Mada Residences
703 is a two-bedroom apartment of 1,628 sqft on the 7th floor of Mada Residences, a 36-storey tower in Downtown Dubai completed in 2018 by Artar Real Estate Development. The developer sold it on 28 June 2018 for AED 2,727,956, or AED 1,699 per sqft, in line with the AED 1,699 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 29 November 2023, is AED 175,000 a year: a gross yield of 6.4% on the 2018 price, before the service charge of about AED 35,300 a year.
Sales and rents for 703 over time
703 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 703 sits
All 79 2-beds →703 last sold in June 2018 at AED 1,699 per sqft, in line with what two-beds in Mada Residences were fetching at the time (AED 1,699). 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. 703's AED 175,000 is in the upper 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 7th floor
All 192 units in Mada Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 882 sqft | AED 1.39MAED 1,394,943 · Mar 2016March 2016 | 99,000 /yr | |
| 702 | 1-bed | 1,141 sqft | AED 1.05MAED 1,050,000 · Feb 2021February 2021 | 140,000 /yr | |
| 704 | 1-bed | 904 sqft | AED 1.5MAED 1,500,000 · Sep 2023September 2023 | 77,440 /yr | |
| 705 | 1-bed | 1,101 sqft | AED 1.74MAED 1,744,000 · Dec 2023December 2023 | 160,000 /yr | |
| 706 | 1-bed | 1,114 sqft | AED 1.8MAED 1,800,000 · Mar 2024March 2024 | 170,000 /yr | |
| 707 | 2-bed | 1,664 sqft | AED 2.76MAED 2,759,066 · Jun 2018June 2018 | 180,000 /yr | |
| 708 | 1-bed | 1,070 sqft | AED 1.73MAED 1,731,162 · May 2016May 2016 | 110,000 /yr | |
| 709 | 1-bed | 1,040 sqft | AED 1.4MAED 1,400,000 · Jan 2023January 2023 | 78,750 /yr |
703, Mada Residences in numbers
- Sold once: by Artar Real Estate Development on 28 June 2018 for AED 2,727,956, or AED 1,699 per sqft.
- Rented since April 2020 on 4 Ejari contracts, from AED 110,000 to AED 175,000 a year.
- At AED 175,000 a year the gross yield on the 2018 price is 6.4%, before a service charge of about AED 35,300 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 29 November 2023.
Questions about 703, Mada Residences
What did unit 703 last sell for?
AED 2,727,956 on 28 June 2018, sold by the developer: AED 1,699 per sqft for 1,628 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 175,000 a year on the contract signed on 29 November 2023. The previous contract, from August 2022, was AED 110,000; the unit has been rented since April 2020.
How big is unit 703?
1,628 sqft (151.2 sqm): a two-bedroom apartment on the 7th floor of a 36-storey tower completed in 2018.
What is unit 703 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 703, Mada Residences
Starts from the last sale price (AED 2.73M, 28 June 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,727,956
- Deposit, UAE resident (20%)
- AED 545,591
- Deposit, non-resident (40%)
- AED 1,091,182
- Monthly over 25 years at 3.7%
- AED 11,161
Plus AED 119,584 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →