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Studio · 532 sqftMadison Residences - Astor, Majan · 2nd floor · completed 2013

228, Madison Residences - Astor

Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 228 · DLD and Ejari recordsUpdated 20 March 2025
Last soldAED 639K18 March 2014
Current rentAED 38K /yr20 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 228, Madison Residences - Astor

What is 228 worth today?

Last sold for AED 638,736 in 2014

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20 Mar 2025RentedNew contract
AED 38,000/yr12 months · AED 71 per sqft
5 Feb 2024RentedRenewal
AED 36,300/yr12 months · AED 68 per sqft
5 Feb 2023RentedNew contract
AED 33,000/yr12 months · AED 62 per sqft
1 Nov 2021RentedNew contract
AED 24,000/yr12 months · AED 45 per sqft
1 Nov 2020RentedRenewal
AED 24,000/yr12 months · AED 46 per sqft
18 Jul 2018RentedRenewal
AED 36,000/yr12 months · AED 68 per sqft
18 Jul 2017RentedNew contract
AED 39,000/yr12 months · AED 74 per sqft
18 Mar 2014Sold by developerReady
AED 638,736AED 1,200 per sqft

Source: Dubai Land Department. Updated 20 March 2025.

Key facts

Type
Studio apartment
Size
532 sqft
Floor
2nd of 3
Parking
P-18
Developer
DAMAC
Completed
2013
Service charge
AED 8,900 /yr
Last sold
AED 639K · March 2014
Building
Madison Residences - Astor

About 228, Madison Residences - Astor

228 is a studio of 532 sqft on the 2nd floor of Madison Residences - Astor, a 3-storey tower in Majan completed in 2013 by DAMAC. The developer sold it on 18 March 2014 for AED 638,736, or AED 1,200 per sqft, in line with the AED 1,199 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 20 March 2025, is AED 38,000 a year: a gross yield of 5.9% on the 2014 price, before the service charge of about AED 8,900 a year.

Sales and rents for 228 over time

Sales
Unit 228, 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, March 2014: AED 638,736 (AED 1,200 per sqft)

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

Rents
Unit 228, 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 36,000New contract, July 2017: AED 39,000 a yearRenewal, July 2018: AED 36,000 a yearRenewal, November 2020: AED 24,000 a yearNew contract, November 2021: AED 24,000 a yearNew contract, February 2023: AED 33,000 a yearRenewal, February 2024: AED 36,300 a yearNew contract, 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 228 sits

All 91 studios →

228 last sold in March 2014 at AED 1,200 per sqft, in line with what studios in Madison Residences - Astor were fetching at the time (AED 1,199). Over the last 12 months studios sold for AED 430,000 to 460,000, around AED 839 per sqft, and rent for AED 20,000 to 50,000 a year. 228'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
3 studio sales 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. 3 sold in the last 12 months.

Typical price per sqft
AED 839
Typical sale
AED 430K
Typical rent
AED 38K /yr
Typical yield
8.2%
Madison Residences - Astor, Majan: prices, sales and rents →

Other units on the 2nd floor

All 116 units in Madison Residences - Astor
Value
2012-bedAED 600K · Jul 2022
202StudioAED 492K · Mar 2014
203StudioAED 614K · Mar 2014
204StudioAED 370K · Mar 2024
205StudioAED 614K · Mar 2014
206StudioAED 521K · Feb 2014
2071-bedAED 630K · Jul 2014
1–7 of 38

228, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 18 March 2014 for AED 638,736, or AED 1,200 per sqft.
  • Rented since July 2017 on 7 Ejari contracts. The rent fell from AED 39,000 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 5.9%, before a service charge of about AED 8,900 a year (AED 16.76 per sqft).
  • Studios in Madison Residences - Astor sold for AED 430,000–460,000 in the 12 months to November 2026; the building's median across all types is AED 839 per sqft.

Source: Dubai Land Department. Updated 20 March 2025.

Questions about 228, Madison Residences - Astor

What did unit 228 last sell for?

AED 638,736 on 18 March 2014, sold by the developer: AED 1,200 per sqft for 532 sqft. It is the only registered sale of the unit.

What is the rent for unit 228?

AED 38,000 a year on the contract signed on 20 March 2025. The previous contract, from February 2024, was AED 36,300; the unit has been rented since July 2017.

How big is unit 228?

532 sqft (49.4 sqm): a studio on the 2nd floor of a 3-storey tower completed in 2013.

What is unit 228 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 430,000 to 460,000 in the last 12 months, around AED 839 per sqft.

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Mortgage on 228, Madison Residences - Astor

Starts from the last sale price (AED 639K, 18 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 638,736
Deposit, UAE resident (20%)
AED 127,747
Deposit, non-resident (40%)
AED 255,494
Monthly over 25 years at 3.7%
AED 2,613

Plus AED 31,836 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →