PropertyIndex

Mada Residences Tower

Completed · Q2 2018|193 units · 1 tower

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Mada Residences Tower is a completed apartment development by ARTAR REAL ESTATE DEVELOPMENT L.L.C in Downtown Dubai, Burj Khalifa, comprising 193 registered units. 313 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,825 per sqft. At AED 1,825 per sqft, Mada Residences Tower prices 40% below the Downtown Dubai average of AED 3,067 per sqft on registered sales.

PIX© price · 0.1% YoY
3.03MAED
Typical
1,825AED
PSF
Gross yield
5.5%
PIX© rent ÷ PIX© price
Sale records
313
DLD · all time
Rent contracts
833
Ejari · all time
Mada Residences Tower

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
889 – 5,895 sqft
1933.03M1,8250.1%166K5.5%
1 Bed · Apartment
889 – 1,141 sqft
56
2 Bed · Apartment
1,521 – 1,664 sqft
80
3 Bed · Apartment
2,010 – 4,660 sqft
48
4 Bed · Apartment
2,884 – 5,895 sqft
9
Sales — Project-Wide313 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
23 Jul 20264 BedFloor 352,015,000Standard Sale
17 Jun 20263 BedFloor 332,4084,300,0001,786StandardStandard Sale
19 May 20262 BedFloor 261,5262,550,0001,671StandardStandard Sale
Rentals — Project-Wide833 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 153 rentals
Floors 6-13 · 61 rentals
Floors 15-36 · 92 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
31 Aug 20261 Bed90397,020107Standardrenewal
1 Aug 20262 BedFloor 291,614145,00090-19.4%Entry Levelnew
15 Jul 20262 BedFloor 221,620170,000105-2.9%Standardnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Downtown Dubai

The closest-priced registered projects in Downtown Dubai.

Common questions about Mada Residences Tower

Answered from Dubai Land Department registered transactions.

How much does a property in Mada Residences Tower cost?

Property in Mada Residences Tower sells at a current PIX© price of AED 1,825 per sqft, or about AED 3,032,242 for a typical unit, based on 313 sales registered with the Dubai Land Department.

Is Mada Residences Tower completed?

Yes. Mada Residences Tower is recorded as completed in the Dubai Land Department project register (completed q2 2018).

Who is the developer of Mada Residences Tower?

Mada Residences Tower is developed by ARTAR REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Mada Residences Tower?

Mada Residences Tower yields 5.5% gross, calculated from current PIX© rent against current PIX© sale price, across 833 registered Ejari contracts.

How many units are in Mada Residences Tower?

Mada Residences Tower holds 193 registered units, per the Dubai Land Department unit register.

Have prices in Mada Residences Tower gone up or down?

Price per sqft has risen +0.1% over the last 12 months, to AED 1,825, across 313 registered sales.