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Studio · 539 sqftMadison Residences - Columbus, Majan · 2nd floor

216, Madison Residences - Columbus

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

Unit 216 · DLD and Ejari recordsUpdated 10 March 2025
Last soldAED 647K18 March 2014
Current rentAED 33K /yr10 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 216, Madison Residences - Columbus

What is 216 worth today?

Last sold for AED 647,388 in 2014

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10 Mar 2025RentedRenewal
AED 33,000/yr12 months · AED 61 per sqft
10 Mar 2024RentedRenewal
AED 28,000/yr12 months · AED 52 per sqft
10 Mar 2023RentedRenewal
AED 25,000/yr12 months · AED 46 per sqft
1 Nov 2019RentedRenewal
AED 28,000/yr12 months · AED 52 per sqft
1 Nov 2018RentedNew contract
AED 31,000/yr12 months · AED 58 per sqft
13 Jan 2017RentedRenewal
AED 43,000/yr12 months · AED 80 per sqft
13 Jan 2016RentedNew contract
AED 45,000/yr12 months · AED 84 per sqft
18 Mar 2014Sold by developerReady
AED 647,388AED 1,200 per sqft

Source: Dubai Land Department. Updated 10 March 2025.

Key facts

Type
Studio apartment
Size
539 sqft
Floor
2nd of 3
Parking
G-18
Service charge
AED 9,000 /yr
Last sold
AED 647K · March 2014
Building
Madison Residences - Columbus

About 216, Madison Residences - Columbus

216 is a studio of 539 sqft on the 2nd floor of Madison Residences - Columbus, a 3-storey tower in Majan. The developer sold it on 18 March 2014 for AED 647,388, or AED 1,200 per sqft, in line with the AED 1,200 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 10 March 2025, is AED 33,000 a year: a gross yield of 5.1% on the 2014 price, before the service charge of about AED 9,000 a year.

Sales and rents for 216 over time

Sales
Unit 216, each saleTypical studio in Madison Residences - Columbus
400K600K2014201720202023Typical sale price by year: 2014 AED 548,430; 2024 AED 380,000Sold by developer, March 2014: AED 647,388 (AED 1,200 per sqft)

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

Rents
Unit 216, each contractTypical studio in Madison Residences - Columbus
20K40K20152018202120242027Typical rent by year: 2015 AED 42,500; 2016 AED 43,000; 2017 AED 40,000; 2018 AED 36,000; 2019 AED 29,000; 2020 AED 24,000; 2021 AED 21,000; 2022 AED 23,000; 2023 AED 26,400; 2024 AED 34,000; 2025 AED 37,400; 2026 AED 41,123New contract, January 2016: AED 45,000 a yearRenewal, January 2017: AED 43,000 a yearNew contract, November 2018: AED 31,000 a yearRenewal, November 2019: AED 28,000 a yearRenewal, March 2023: AED 25,000 a yearRenewal, March 2024: AED 28,000 a yearRenewal, March 2025: AED 33,000 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 - Columbus, and where 216 sits

All 33 studios →

216 last sold in March 2014 at AED 1,200 per sqft, in line with what studios in Madison Residences - Columbus were fetching at the time (AED 1,200). Over the last 12 months studios sold for AED 480,000, around AED 889 per sqft, and rent for AED 33,600 to 60,000 a year. 216's AED 33,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Jan 2025570,000
16 Jan 2025420,000
23 Dec 2024340,000
2 Oct 2024380,000
1 studio sale in the last 12 months

Madison Residences - Columbus

Building

56 apartments, studios to 2-bed over 3 floors in Majan. 1 sold in the last 12 months.

Typical price per sqft
AED 889
Typical sale
AED 480K
Typical rent
AED 42K /yr
Typical yield
8.5%
Madison Residences - Columbus, Majan: prices, sales and rents →

Other units on the 2nd floor

All 56 units in Madison Residences - Columbus
Value
2012-bedAED 620K · May 2022
202AED 864K · Jan 2015
203StudioAED 548K · Oct 2014
204StudioAED 332K · Jan 2022
205StudioAED 547K · Oct 2014
206StudioAED 906K · Dec 2014
207StudioAED 380K · Oct 2024
1–7 of 27

216, Madison Residences - Columbus in numbers

  • Sold once: by the developer on 18 March 2014 for AED 647,388, or AED 1,200 per sqft.
  • Rented since January 2016 on 7 Ejari contracts. The rent fell from AED 45,000 to AED 25,000 in 2023 and recovered to AED 33,000 by March 2025.
  • At AED 33,000 a year the gross yield on the 2014 price is 5.1%, before a service charge of about AED 9,000 a year (AED 16.76 per sqft).
  • Studios in Madison Residences - Columbus sold for AED 480,000–480,000 in the 12 months to November 2026; the building's median across all types is AED 889 per sqft.

Source: Dubai Land Department. Updated 10 March 2025.

Questions about 216, Madison Residences - Columbus

What did unit 216 last sell for?

AED 647,388 on 18 March 2014, sold by the developer: AED 1,200 per sqft for 539 sqft. It is the only registered sale of the unit.

What is the rent for unit 216?

AED 33,000 a year on the contract renewed on 10 March 2025. The previous contract, from March 2024, was AED 28,000; the unit has been rented since January 2016.

How big is unit 216?

539 sqft (50.1 sqm): a studio on the 2nd floor of a 3-storey tower.

What is unit 216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Madison Residences - Columbus sold for AED 480,000 to 480,000 in the last 12 months, around AED 889 per sqft.

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Mortgage on 216, Madison Residences - Columbus

Starts from the last sale price (AED 647K, 18 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 647,388
Deposit, UAE resident (20%)
AED 129,478
Deposit, non-resident (40%)
AED 258,955
Monthly over 25 years at 3.7%
AED 2,649

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →