708, Mada Residences
Sold prices and rental history: sold once, by the developer in May 2016, 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 708, Mada Residences
What is 708 worth today?
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Source: Dubai Land Department. Updated 23 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 1,070 sqft
- Floor
- 7th of 36
- Parking
- P1-32
- Developer
- Artar Real Estate Development
- Completed
- 2018
- Service charge
- AED 23,200 /yr
- Last sold
- AED 1.73M · May 2016
- Building
- Mada Residences
About 708, Mada Residences
708 is a one-bedroom apartment of 1,070 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 24 May 2016 for AED 1,731,162, or AED 1,618 per sqft, in line with the AED 1,584 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 23 May 2025, is AED 110,000 a year: a gross yield of 6.3% on the 2016 price, before the service charge of about AED 23,200 a year.
Sales and rents for 708 over time
708 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Mada Residences, and where 708 sits
All 55 1-beds →708 last sold in May 2016 at AED 1,618 per sqft, in line with what one-beds in Mada Residences were fetching at the time (AED 1,584). Over the last 12 months one-beds sold for AED 1,580,000, around AED 1,777 per sqft, and rent for AED 84,509 to 150,000 a year. 708's AED 110,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Feb 20269 February 2026 | 889 sqft | 1,580,000 | 1,777 | ||
| 28 Jul 202528 July 2025 | 1,101 sqft | 2,000,000 | 1,816 | ||
| 14 Jul 202514 July 2025 | 1,114 sqft | 2,150,000 | 1,929 | ||
| 12 Jun 202512 June 2025 | 903 sqft | 1,600,000 | 1,771 |
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 | |
| 703 | 2-bed | 1,628 sqft | AED 2.73MAED 2,727,956 · Jun 2018June 2018 | 175,000 /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 | |
| 709 | 1-bed | 1,040 sqft | AED 1.4MAED 1,400,000 · Jan 2023January 2023 | 78,750 /yr |
708, Mada Residences in numbers
- Sold once: by Artar Real Estate Development on 24 May 2016 for AED 1,731,162, or AED 1,618 per sqft.
- Rented since January 2019 on 4 Ejari contracts. The rent fell from AED 83,000 to AED 68,000 in 2021 and recovered to AED 110,000 by May 2025.
- At AED 110,000 a year the gross yield on the 2016 price is 6.3%, before a service charge of about AED 23,200 a year (AED 21.66 per sqft).
- One-beds in Mada Residences sold for AED 1,580,000–1,580,000 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 23 May 2025.
Questions about 708, Mada Residences
What did unit 708 last sell for?
AED 1,731,162 on 24 May 2016, sold by the developer: AED 1,618 per sqft for 1,070 sqft. It is the only registered sale of the unit.
What is the rent for unit 708?
AED 110,000 a year on the contract signed on 23 May 2025. The previous contract, from March 2022, was AED 74,800; the unit has been rented since January 2019.
How big is unit 708?
1,070 sqft (99.4 sqm): a one-bedroom apartment on the 7th floor of a 36-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. One-beds in Mada Residences sold for AED 1,580,000 to 1,580,000 in the last 12 months, around AED 1,777 per sqft.
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Mortgage on 708, Mada Residences
Starts from the last sale price (AED 1.73M, 24 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,731,162
- Deposit, UAE resident (20%)
- AED 346,232
- Deposit, non-resident (40%)
- AED 692,465
- Monthly over 25 years at 3.7%
- AED 7,083
Plus AED 77,718 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →