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Studio · 598 sqftMadison Residences - Astor, Majan · 1st floor · completed 2013

120, Madison Residences - Astor

Sold prices and rental history: sold once, by the developer in October 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 120 · DLD and Ejari recordsUpdated 15 March 2025
Last soldAED 598K20 October 2014
Current rentAED 38K /yr15 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 120, Madison Residences - Astor

What is 120 worth today?

Last sold for AED 597,940 in 2014

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15 Mar 2025RentedRenewal
AED 38,000/yr12 months · AED 64 per sqft
20 Jan 2023RentedNew contract
AED 30,000/yr12 months · AED 50 per sqft
11 Oct 2021RentedNew contract
AED 24,000/yr12 months · AED 40 per sqft
28 Jan 2021RentedNew contract
AED 25,000/yr12 months · AED 42 per sqft
1 Jul 2019RentedNew contract
AED 35,000/yr12 months · AED 59 per sqft
21 Jan 2018RentedNew contract
AED 36,000/yr12 months · AED 60 per sqft
10 Mar 2017RentedRenewal
AED 40,000/yr12 months · AED 67 per sqft
10 Mar 2016RentedRenewal
AED 40,000/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 15 March 2025.

Key facts

Type
Studio apartment
Size
598 sqft
Floor
1st of 3
Parking
G-21
Developer
DAMAC
Completed
2013
Service charge
AED 10,000 /yr
Last sold
AED 598K · October 2014
Building
Madison Residences - Astor

About 120, Madison Residences - Astor

120 is a studio of 598 sqft on the 1st floor of Madison Residences - Astor, a 3-storey tower in Majan completed in 2013 by DAMAC. The developer sold it on 20 October 2014 for AED 597,940, or AED 1,000 per sqft, 9% below the AED 1,100 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 15 March 2025, is AED 38,000 a year: a gross yield of 6.4% on the 2014 price, before the service charge of about AED 10,000 a year.

Sales and rents for 120 over time

Sales
Unit 120, each saleTypical studio in Madison Residences - Astor
250K500K750K20092013201720212025Typical sale price by year: 2009 AED 700,500; 2013 AED 491,825; 2014 AED 581,470; 2015 AED 556,500; 2016 AED 425,000; 2021 AED 230,000; 2023 AED 362,500; 2024 AED 420,000Sold by developer, October 2014: AED 597,940 (AED 1,000 per sqft)

120 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 120, each contractTypical studio in Madison Residences - Astor
20K30K40K2014201820222026Typical rent by year: 2014 AED 40,000; 2015 AED 42,750; 2016 AED 40,500; 2017 AED 39,000; 2018 AED 33,500; 2019 AED 28,000; 2020 AED 23,936; 2021 AED 21,000; 2022 AED 24,000; 2023 AED 29,850; 2024 AED 33,000; 2025 AED 36,000; 2026 AED 36,000Renewal, March 2016: AED 40,000 a yearRenewal, March 2017: AED 40,000 a yearNew contract, January 2018: AED 36,000 a yearNew contract, July 2019: AED 35,000 a yearNew contract, January 2021: AED 25,000 a yearNew contract, October 2021: AED 24,000 a yearNew contract, January 2023: AED 30,000 a yearRenewal, March 2025: AED 38,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Madison Residences - Astor, and where 120 sits

All 91 studios →

120 last sold in October 2014 at AED 1,000 per sqft, 9% below what studios in Madison Residences - Astor were fetching at the time (AED 1,100). Over the last 12 months studios sold for AED 460,000, around AED 898 per sqft, and rent for AED 20,000 to 50,000 a year. 120's AED 38,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
13 Feb 2026460,000
29 May 2025460,000
23 Jan 2025400,000
20 Nov 2024463,000
1 studio sale in the last 12 months

Madison Residences - Astor

Building

116 apartments, studios to 2-bed over 3 floors in Majan, completed in 2013 by DAMAC. 1 sold in the last 12 months.

Typical price per sqft
AED 898
Typical sale
AED 460K
Typical rent
AED 38K /yr
Typical yield
7.6%
Madison Residences - Astor, Majan: prices, sales and rents →

Other units on the 1st floor

All 116 units in Madison Residences - Astor
Value
1012-bedAED 780K · Apr 2024
102StudioAED 450K · May 2024
103StudioAED 400K · Jan 2025
104AED 510K · Oct 2025
105StudioAED 683K · Mar 2014
106StudioAED 832K · Mar 2014
1071-bedAED 739K · Feb 2014
1–7 of 38

120, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 20 October 2014 for AED 597,940, or AED 1,000 per sqft.
  • Rented since March 2016 on 8 Ejari contracts. The rent fell from AED 40,000 to AED 24,000 in 2021 and recovered to AED 38,000 by March 2025.
  • At AED 38,000 a year the gross yield on the 2014 price is 6.4%, before a service charge of about AED 10,000 a year (AED 16.76 per sqft).
  • Studios in Madison Residences - Astor sold for AED 460,000–460,000 in the 12 months to November 2026; the building's median across all types is AED 898 per sqft.

Source: Dubai Land Department. Updated 15 March 2025.

Questions about 120, Madison Residences - Astor

What did unit 120 last sell for?

AED 597,940 on 20 October 2014, sold by the developer: AED 1,000 per sqft for 598 sqft. It is the only registered sale of the unit.

What is the rent for unit 120?

AED 38,000 a year on the contract renewed on 15 March 2025. The previous contract, from January 2023, was AED 30,000; the unit has been rented since March 2016.

How big is unit 120?

598 sqft (55.6 sqm): a studio on the 1st floor of a 3-storey tower completed in 2013.

What is unit 120 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Madison Residences - Astor sold for AED 460,000 to 460,000 in the last 12 months, around AED 898 per sqft.

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Mortgage on 120, Madison Residences - Astor

Starts from the last sale price (AED 598K, 20 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 597,940
Deposit, UAE resident (20%)
AED 119,588
Deposit, non-resident (40%)
AED 239,176
Monthly over 25 years at 3.7%
AED 2,446

Plus AED 30,124 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →