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

218, Madison Residences - Columbus

Sold prices and rental history: sold 3 times, last in March 2018, and rented once, from November 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 218 · DLD and Ejari recordsUpdated 13 March 2018
Last soldAED 440K13 March 2018
Current rentAED 45K /yr20 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 218, Madison Residences - Columbus

What is 218 worth today?

Last sold for AED 440,000 in 2018

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13 Mar 2018SoldReady
AED 440,000AED 815 per sqft
20 Nov 2017RentedNew contract
AED 45,000/yr12 months · AED 84 per sqft
20 May 2014SoldReady
AED 484,200AED 897 per sqft
25 Nov 2013Sold by developerOff-plan
AED 484,200AED 897 per sqft

Source: Dubai Land Department. Updated 13 March 2018.

Key facts

Type
Studio apartment
Size
539 sqft
Floor
2nd of 3
Parking
G-20
Service charge
AED 9,000 /yr
Last sold
AED 440K · March 2018
Building
Madison Residences - Columbus

About 218, Madison Residences - Columbus

218 is a studio of 539 sqft on the 2nd floor of Madison Residences - Columbus, a 3-storey tower in Majan. It last sold on 13 March 2018 for AED 440,000, or AED 815 per sqft.

One Ejari contract is registered, from 20 November 2017. The current contract, signed on 20 November 2017, is AED 45,000 a year: a gross yield of 10.2% on the 2018 price, before the service charge of about AED 9,000 a year.

Sales and rents for 218 over time

Sales
Unit 218, each saleTypical studio in Madison Residences - Columbus
400K500K20132016201920222025Typical sale price by year: 2014 AED 548,430; 2024 AED 380,000Sold by developer, November 2013: AED 484,200 (AED 897 per sqft)Sold, May 2014: AED 484,200 (AED 897 per sqft)Sold, March 2018: AED 440,000 (AED 815 per sqft)

218 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 218, 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, November 2017: AED 45,000 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 218 sits

All 33 studios →

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. 218's AED 45,000 is in the lower half 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

218, Madison Residences - Columbus in numbers

  • Sold 3 times: first on 25 November 2013 for AED 484,200, last on 13 March 2018 for AED 440,000 (AED 815 per sqft).
  • Rented since November 2017 on one Ejari contract, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2018 price is 10.2%, 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 13 March 2018.

Questions about 218, Madison Residences - Columbus

What did unit 218 last sell for?

AED 440,000 on 13 March 2018: AED 815 per sqft for 539 sqft. The unit has 3 registered sales; the first was AED 484,200 in November 2013.

What is the rent for unit 218?

AED 45,000 a year on the contract signed on 20 November 2017.

How big is unit 218?

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

What is unit 218 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 218, Madison Residences - Columbus

Starts from the last sale price (AED 440K, 13 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

Plus AED 21,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →