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Studio · 452 sqftMadison Residences - Astor, Majan · 2nd floor · completed 2013

238, Madison Residences - Astor

Sold prices and rental history: sold once, by the developer in February 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 238 · DLD and Ejari recordsUpdated 10 May 2022
Last soldAED 407K1 February 2015
Current rentAED 19K /yr10 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 238, Madison Residences - Astor

What is 238 worth today?

Last sold for AED 406,800 in 2015

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10 May 2022RentedRenewal
AED 19,200/yr12 months · AED 42 per sqft
10 May 2021RentedNew contract
AED 16,000/yr12 months · AED 35 per sqft
1 Nov 2019RentedRenewal
AED 26,000/yr12 months · AED 58 per sqft
1 Nov 2018RentedNew contract
AED 28,000/yr12 months · AED 62 per sqft
1 Jun 2018RentedNew contract
AED 30,000/yr12 months · AED 66 per sqft
1 Jun 2017RentedNew contract
AED 35,000/yr12 months · AED 77 per sqft
15 Apr 2016RentedRenewal
AED 40,000/yr12 months · AED 89 per sqft
15 Apr 2015RentedNew contract
AED 40,000/yr12 months · AED 89 per sqft

Source: Dubai Land Department. Updated 10 May 2022.

Key facts

Type
Studio apartment
Size
452 sqft
Floor
2nd of 3
Parking
P-29
Developer
DAMAC
Completed
2013
Service charge
AED 7,600 /yr
Last sold
AED 407K · February 2015
Building
Madison Residences - Astor

About 238, Madison Residences - Astor

238 is a studio of 452 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 1 February 2015 for AED 406,800, 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 2015 on 8 Ejari contracts. The current contract, renewed on 10 May 2022, is AED 19,200 a year: a gross yield of 4.7% on the 2015 price, before the service charge of about AED 7,600 a year.

Sales and rents for 238 over time

Sales
Unit 238, 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, February 2015: AED 406,800 (AED 900 per sqft)

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

Rents
Unit 238, each contractTypical studio in Madison Residences - Astor
20K40K2014201820222026Typical 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, April 2015: AED 40,000 a yearRenewal, April 2016: AED 40,000 a yearNew contract, June 2017: AED 35,000 a yearNew contract, June 2018: AED 30,000 a yearNew contract, November 2018: AED 28,000 a yearRenewal, November 2019: AED 26,000 a yearNew contract, May 2021: AED 16,000 a yearRenewal, May 2022: AED 19,200 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 238 sits

All 91 studios →

238 last sold in February 2015 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. 238's AED 19,200 is at the bottom 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 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

238, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 1 February 2015 for AED 406,800, or AED 900 per sqft.
  • Rented since April 2015 on 8 Ejari contracts. The rent fell from AED 40,000 to AED 16,000 in 2021 and recovered to AED 19,200 by May 2022.
  • At AED 19,200 a year the gross yield on the 2015 price is 4.7%, before a service charge of about AED 7,600 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 10 May 2022.

Questions about 238, Madison Residences - Astor

What did unit 238 last sell for?

AED 406,800 on 1 February 2015, sold by the developer: AED 900 per sqft for 452 sqft. It is the only registered sale of the unit.

What is the rent for unit 238?

AED 19,200 a year on the contract renewed on 10 May 2022. The previous contract, from May 2021, was AED 16,000; the unit has been rented since April 2015.

How big is unit 238?

452 sqft (42.0 sqm): a studio on the 2nd floor of a 3-storey tower completed in 2013.

What is unit 238 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 238, Madison Residences - Astor

Starts from the last sale price (AED 407K, 1 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 406,800
Deposit, UAE resident (20%)
AED 81,360
Deposit, non-resident (40%)
AED 162,720
Monthly over 25 years at 3.7%
AED 1,664

Plus AED 19,996 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →