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Studio · 515 sqftMadison Residences - Columbus, Majan · 3rd floor

312, Madison Residences - Columbus

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 312 · DLD and Ejari recordsUpdated 5 August 2021
Last soldAED 515K19 October 2014
Current rentAED 28K /yr5 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, Madison Residences - Columbus

What is 312 worth today?

Last sold for AED 515,380 in 2014

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5 Aug 2021RentedNew contract
AED 28,000/yr12 months · AED 54 per sqft
1 Feb 2019RentedRenewal
AED 30,000/yr12 months · AED 58 per sqft
4 Nov 2015RentedNew contract
AED 42,000/yr12 months · AED 81 per sqft
19 Oct 2014Sold by developerReady
AED 515,380AED 1,000 per sqft

Source: Dubai Land Department. Updated 5 August 2021.

Key facts

Type
Studio apartment
Size
515 sqft
Floor
3rd of 3
Parking
G-42
Service charge
AED 8,600 /yr
Last sold
AED 515K · October 2014
Building
Madison Residences - Columbus

About 312, Madison Residences - Columbus

312 is a studio of 515 sqft on the 3rd floor of Madison Residences - Columbus, a 3-storey tower in Majan. The developer sold it on 19 October 2014 for AED 515,380, or AED 1,000 per sqft, in line with the AED 1,000 studios in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 5 August 2021, is AED 28,000 a year: a gross yield of 5.4% on the 2014 price, before the service charge of about AED 8,600 a year.

Sales and rents for 312 over time

Sales
Unit 312, each saleTypical studio in Madison Residences - Columbus
400K500K2014201720202023Typical sale price by year: 2014 AED 548,430; 2024 AED 380,000Sold by developer, October 2014: AED 515,380 (AED 1,000 per sqft)

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

Rents
Unit 312, each contractTypical studio in Madison Residences - Columbus
20K30K40K20152018202120242027Typical 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 2015: AED 42,000 a yearRenewal, February 2019: AED 30,000 a yearNew contract, August 2021: AED 28,000 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 312 sits

All 33 studios →

312 last sold in October 2014 at AED 1,000 per sqft, in line with what studios in Madison Residences - Columbus were fetching at the time (AED 1,000). 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. 312's AED 28,000 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 3rd floor

All 56 units in Madison Residences - Columbus
Value
3012-bedAED 610K · Nov 2019
3021-bedAED 630K · Aug 2024
303StudioAED 524K · Aug 2014
304StudioAED 582K · Jun 2014
305StudioAED 578K · Jun 2014
306StudioAED 390K · Sep 2023
307StudioAED 629K · Apr 2014
1–7 of 27

312, Madison Residences - Columbus in numbers

  • Sold once: by the developer on 19 October 2014 for AED 515,380, or AED 1,000 per sqft.
  • Rented since November 2015 on 3 Ejari contracts, from AED 42,000 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2014 price is 5.4%, before a service charge of about AED 8,600 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 5 August 2021.

Questions about 312, Madison Residences - Columbus

What did unit 312 last sell for?

AED 515,380 on 19 October 2014, sold by the developer: AED 1,000 per sqft for 515 sqft. It is the only registered sale of the unit.

What is the rent for unit 312?

AED 28,000 a year on the contract signed on 5 August 2021. The previous contract, from February 2019, was AED 30,000; the unit has been rented since November 2015.

How big is unit 312?

515 sqft (47.8 sqm): a studio on the 3rd floor of a 3-storey tower.

What is unit 312 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 312, Madison Residences - Columbus

Starts from the last sale price (AED 515K, 19 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 515,380
Deposit, UAE resident (20%)
AED 103,076
Deposit, non-resident (40%)
AED 206,152
Monthly over 25 years at 3.7%
AED 2,109

Plus AED 26,656 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →