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

318, Madison Residences - Columbus

Sold prices and rental history: sold twice, last in August 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 30 August 2024
Last soldAED 410K30 August 2024
Current rentAED 38K /yr22 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 318, Madison Residences - Columbus

What is 318 worth today?

Last sold for AED 410,000 in 2024

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30 Aug 2024SoldReady
AED 410,000AED 795 per sqft
22 Apr 2024RentedNew contract
AED 38,000/yr12 months · AED 74 per sqft
1 Jun 2018RentedNew contract
AED 32,000/yr12 months · AED 62 per sqft
3 Aug 2014Sold by developerReady
AED 515,380AED 1,000 per sqft

Source: Dubai Land Department. Updated 30 August 2024.

Key facts

Type
Studio apartment
Size
515 sqft
Floor
3rd of 3
Parking
G-48
Service charge
AED 8,600 /yr
Last sold
AED 410K · August 2024
Building
Madison Residences - Columbus

About 318, Madison Residences - Columbus

318 is a studio of 515 sqft on the 3rd floor of Madison Residences - Columbus, a 3-storey tower in Majan. It last sold on 30 August 2024 for AED 410,000, or AED 795 per sqft, 6% above the AED 752 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 22 April 2024, is AED 38,000 a year: a gross yield of 9.3% on the 2024 price, before the service charge of about AED 8,600 a year.

Sales and rents for 318 over time

Sales
Unit 318, each saleTypical studio in Madison Residences - Columbus
400K500K2014201720202023Typical sale price by year: 2014 AED 548,430; 2024 AED 380,000Sold by developer, August 2014: AED 515,380 (AED 1,000 per sqft)Sold, August 2024: AED 410,000 (AED 795 per sqft)

318 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 318, 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, June 2018: AED 32,000 a yearNew contract, April 2024: AED 38,000 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 318 sits

All 33 studios →

318 last sold in August 2024 at AED 795 per sqft, 6% above what studios in Madison Residences - Columbus were fetching at the time (AED 752). 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. 318's AED 38,000 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 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

318, Madison Residences - Columbus in numbers

  • Sold twice: first on 3 August 2014 for AED 515,380, last on 30 August 2024 for AED 410,000 (AED 795 per sqft).
  • Rented since June 2018 on 2 Ejari contracts, from AED 32,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2024 price is 9.3%, 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 30 August 2024.

Questions about 318, Madison Residences - Columbus

What did unit 318 last sell for?

AED 410,000 on 30 August 2024: AED 795 per sqft for 515 sqft. The unit has 2 registered sales; the first was AED 515,380 in August 2014.

What is the rent for unit 318?

AED 38,000 a year on the contract signed on 22 April 2024. The previous contract, from June 2018, was AED 32,000.

How big is unit 318?

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

What is unit 318 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 318, Madison Residences - Columbus

Starts from the last sale price (AED 410K, 30 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 410,000
Deposit, UAE resident (20%)
AED 82,000
Deposit, non-resident (40%)
AED 164,000
Monthly over 25 years at 3.7%
AED 1,677

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