Studio · 520 sqftMadison Residences - Astor, Majan · 2nd floor · completed 2013

237, Madison Residences - Astor

Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 237 · DLD and Ejari recordsUpdated 19 September 2025
Last soldAED 468K17 December 2014
Current rentAED 32K /yr19 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 237, Madison Residences - Astor

What is 237 worth today?

Last sold for AED 468,000 in 2014

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19 Sep 2025RentedRenewal
AED 32,077/yr12 months · AED 62 per sqft
19 Sep 2024RentedRenewal
AED 30,550/yr12 months · AED 59 per sqft
19 Sep 2023RentedRenewal
AED 26,565/yr12 months · AED 51 per sqft
19 Sep 2021RentedRenewal
AED 21,000/yr12 months · AED 40 per sqft
19 Sep 2020RentedRenewal
AED 21,000/yr12 months · AED 40 per sqft
19 Sep 2018RentedNew contract
AED 30,000/yr12 months · AED 58 per sqft
17 Dec 2014Sold by developerReady
AED 468,000AED 900 per sqft

Source: Dubai Land Department. Updated 19 September 2025.

Key facts

Type
Studio apartment
Size
520 sqft
Floor
2nd of 3
Parking
P-28
Developer
DAMAC
Completed
2013
Service charge
AED 8,700 /yr
Last sold
AED 468K · December 2014

About 237, Madison Residences - Astor

237 is a studio of 520 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 17 December 2014 for AED 468,000, or AED 900 per sqft, 18% below the AED 1,100 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 19 September 2025, is AED 32,077 a year: a gross yield of 6.9% on the 2014 price, before the service charge of about AED 8,700 a year.

Sales and rents for 237 over time

Sales
Unit 237, 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, December 2014: AED 468,000 (AED 900 per sqft)

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

Rents
Unit 237, 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, September 2018: AED 30,000 a yearRenewal, September 2020: AED 21,000 a yearRenewal, September 2021: AED 21,000 a yearRenewal, September 2023: AED 26,565 a yearRenewal, September 2024: AED 30,550 a yearRenewal, September 2025: AED 32,077 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 237 sits

All 91 studios →

237 last sold in December 2014 at AED 900 per sqft, 18% 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. 237's AED 32,077 is in the lower 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 →
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

237, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 17 December 2014 for AED 468,000, or AED 900 per sqft.
  • Rented since September 2018 on 6 Ejari contracts. The rent fell from AED 30,000 to AED 21,000 in 2021 and recovered to AED 32,077 by September 2025.
  • At AED 32,077 a year the gross yield on the 2014 price is 6.9%, before a service charge of about AED 8,700 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 19 September 2025.

Questions about 237, Madison Residences - Astor

What did unit 237 last sell for?

AED 468,000 on 17 December 2014, sold by the developer: AED 900 per sqft for 520 sqft. It is the only registered sale of the unit.

What is the rent for unit 237?

AED 32,077 a year on the contract renewed on 19 September 2025. The previous contract, from September 2024, was AED 30,550; the unit has been rented since September 2018.

How big is unit 237?

520 sqft (48.3 sqm): a studio on the 2nd floor of a 3-storey tower completed in 2013.

What is unit 237 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 237, Madison Residences - Astor

Starts from the last sale price (AED 468K, 17 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 468,000
Deposit, UAE resident (20%)
AED 93,600
Deposit, non-resident (40%)
AED 187,200
Monthly over 25 years at 3.7%
AED 1,915

Plus AED 22,566 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →