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Studio · 534 sqftMadison Residences - Astor, Majan · 3rd floor · completed 2013

306, Madison Residences - Astor

Sold prices and rental history: sold once, by the developer in October 2014, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 1 August 2020
Last soldAED 534K20 October 2014
Current rentAED 24K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Madison Residences - Astor

What is 306 worth today?

Last sold for AED 534,320 in 2014

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1 Aug 2020RentedNew contract
AED 24,000/yr12 months · AED 45 per sqft
1 Nov 2015RentedNew contract
AED 44,000/yr12 months · AED 82 per sqft
20 Oct 2014Sold by developerReady
AED 534,320AED 999 per sqft

Source: Dubai Land Department. Updated 1 August 2020.

Key facts

Type
Studio apartment
Size
534 sqft
Floor
3rd of 3
Parking
P-36
Developer
DAMAC
Completed
2013
Service charge
AED 9,000 /yr
Last sold
AED 534K · October 2014
Building
Madison Residences - Astor

About 306, Madison Residences - Astor

306 is a studio of 534 sqft on the 3rd 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 534,320, or AED 999 per sqft, 9% below the AED 1,100 studios in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 1 August 2020, is AED 24,000 a year: a gross yield of 4.5% on the 2014 price, before the service charge of about AED 9,000 a year.

Sales and rents for 306 over time

Sales
Unit 306, 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 534,320 (AED 999 per sqft)

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

Rents
Unit 306, 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, November 2015: AED 44,000 a yearNew contract, August 2020: AED 24,000 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 306 sits

All 91 studios →

306 last sold in October 2014 at AED 999 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 430,000 to 460,000, around AED 839 per sqft, and rent for AED 20,000 to 50,000 a year. 306's AED 24,000 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
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 3rd floor

All 116 units in Madison Residences - Astor
Value
3012-bedAED 1.17M · Apr 2014
302StudioAED 505K · Oct 2014
303StudioAED 400K · Sep 2016
304AED 485K · Nov 2025
305StudioAED 563K · Jun 2014
3071-bedAED 627K · Apr 2014
3081-bedAED 1M · Jul 2014
1–7 of 37

306, Madison Residences - Astor in numbers

  • Sold once: by DAMAC on 20 October 2014 for AED 534,320, or AED 999 per sqft.
  • Rented since November 2015 on 2 Ejari contracts, from AED 44,000 to AED 24,000 a year.
  • At AED 24,000 a year the gross yield on the 2014 price is 4.5%, before a service charge of about AED 9,000 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 1 August 2020.

Questions about 306, Madison Residences - Astor

What did unit 306 last sell for?

AED 534,320 on 20 October 2014, sold by the developer: AED 999 per sqft for 534 sqft. It is the only registered sale of the unit.

What is the rent for unit 306?

AED 24,000 a year on the contract signed on 1 August 2020. The previous contract, from November 2015, was AED 44,000.

How big is unit 306?

534 sqft (49.6 sqm): a studio on the 3rd floor of a 3-storey tower completed in 2013.

What is unit 306 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 306, Madison Residences - Astor

Starts from the last sale price (AED 534K, 20 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 534,320
Deposit, UAE resident (20%)
AED 106,864
Deposit, non-resident (40%)
AED 213,728
Monthly over 25 years at 3.7%
AED 2,186

Plus AED 27,452 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →