Studio · 475 sqftMajestine Allure, Business Bay · 10th floor · completed 2018

1012, Majestine Allure

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1012 · DLD and Ejari recordsUpdated 14 September 2024

Last soldAED 1.05M9 June 2015

Current rentAED 60K /yr14 September 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1012, Majestine Allure

Today

What is 1012 worth today?

Last sold for AED 1,051,650 in 2015

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14 Sep 2024

14 Sep 2024RentedNew contract

AED 60,000/yr12 months · AED 126 per sqft

29 Jul 2023

29 Jul 2023RentedNew contract

AED 58,000/yr12 months · AED 122 per sqft

5 Jul 2023

5 Jul 2023RentedNew contract

AED 60,000/yr12 months · AED 126 per sqft

8 Apr 2022

8 Apr 2022RentedRenewal

AED 36,000/yr12 months · AED 76 per sqft

8 Apr 2021

8 Apr 2021RentedNew contract

AED 36,000/yr12 months · AED 76 per sqft

4 Nov 2020

4 Nov 2020RentedRenewal

AED 38,000/yr12 months · AED 80 per sqft

4 May 2020

4 May 2020RentedRenewal

AED 45,000/yr6 months · AED 95 per sqft

4 May 2019

4 May 2019RentedNew contract

AED 55,000/yr12 months · AED 116 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 September 2024.

Key facts

Type: Studio apartment
Size: 475 sqft
Floor: 10th of 19
Parking: P2-34
Developer: Business Tower Investment
Completed: 2018
Last sold: AED 1.05M · June 2015
Building: Majestine Allure

About 1012, Majestine Allure

1012 is a studio of 475 sqft on the 10th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 9 June 2015 for AED 1,051,650, or AED 2,214 per sqft, in line with the AED 2,152 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, signed on 14 September 2024, is AED 60,000 a year: a gross yield of 5.7% on the 2015 price.

Sales and rents for 1012 over time

Sales

Unit 1012, each saleTypical studio in Majestine Allure

1012 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1012, each contractTypical studio in Majestine Allure

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Majestine Allure, and where 1012 sits

All 273 studios →

Studios in Majestine Allure · last 12 months1,761 /sqft Majestine Allure · all types1,702 /sqft

1012 last sold in June 2015 at AED 2,214 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 2,152). Over the last 12 months studios sold for AED 740,000 to 930,000, around AED 1,761 per sqft, and rent for AED 57,301 to 96,000 a year. 1012's AED 60,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
1 Feb 20261 February 2026	474 sqft	814,000	1,715
29 Jan 202629 January 2026	479 sqft	830,000	1,733
27 Jan 202627 January 2026	478 sqft	860,000	1,797
27 Jan 202627 January 2026	456 sqft	820,000	1,799

8 studio sales in the last 12 months

Majestine Allure

Building

497 apartments, studios to 3-bed over 19 floors in Business Bay, completed in 2018 by Business Tower Investment. 12 sold in the last 12 months.

Typical price per sqft: AED 1,702 Up 2.5%
Typical sale: AED 845K
Typical rent: AED 94K /yr
Typical yield: 7.2%

Majestine Allure, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 497 units in Majestine Allure


1001	Studio	498 sqft	AED 820KAED 820,000 · Mar 2025March 2025	70,000 /yr
1002	Studio	474 sqft	AED 1.02MAED 1,017,450 · Apr 2015April 2015	65,000 /yr
1003	3-bed	1,849 sqft	AED 3.23MAED 3,225,600 · Apr 2018April 2018	155,000 /yr
1004	2-bed	1,608 sqft	AED 1.8MAED 1,800,000 · May 2025May 2025	140,000 /yr
1005	2-bed	1,495 sqft	AED 2.76MAED 2,757,000 · Mar 2024March 2024
1006	2-bed	1,356 sqft	AED 1.9MAED 1,900,000 · Aug 2014August 2014
1007	1-bed	978 sqft	AED 1.41MAED 1,410,561 · Oct 2024October 2024	100,000 /yr
1008	1-bed	889 sqft	AED 1.64MAED 1,642,000 · Mar 2023March 2023	115,500 /yr
1009	Studio	612 sqft	AED 900KAED 900,000 · May 2023May 2023	65,000 /yr
1010	2-bed	1,246 sqft	AED 2.45MAED 2,449,100 · Dec 2014December 2014	126,000 /yr
1011	Studio	460 sqft	AED 1.05MAED 1,048,800 · Dec 2014December 2014	65,000 /yr
1013	3-bed	1,794 sqft	AED 2.5MAED 2,500,000 · Dec 2024December 2024	150,000 /yr
1014	2-bed	1,068 sqft	AED 2.07MAED 2,066,400 · Aug 2014August 2014	120,750 /yr
1015	3-bed	1,420 sqft	AED 1.87MAED 1,865,000 · Jun 2022June 2022	160,000 /yr
1016	Studio	430 sqft	AED 922KAED 921,500 · Apr 2015April 2015	6,200 /yr
1017	Studio	479 sqft	AED 1.01MAED 1,007,950 · Nov 2014November 2014	72,000 /yr
1018	Studio	479 sqft	AED 550KAED 550,000 · Apr 2022April 2022	57,000 /yr
1019	Studio	479 sqft	AED 730KAED 730,000 · Jun 2023June 2023	75,000 /yr
1020	1-bed	896 sqft	AED 1.52MAED 1,517,000 · Dec 2017December 2017	90,000 /yr
1001A	Studio	497 sqft	AED 750KAED 750,000 · Jan 2024January 2024	65,000 /yr
1002A	1-bed	853 sqft	AED 1.04MAED 1,040,000 · Dec 2020December 2020	97,000 /yr
1011A	Studio	460 sqft	AED 1.04MAED 1,043,700 · Dec 2014December 2014	64,000 /yr
1012A	Studio	458 sqft	AED 1.05MAED 1,048,800 · Dec 2014December 2014	65,000 /yr
1016A	Studio	479 sqft	AED 1.01MAED 1,007,950 · Dec 2014December 2014	73,500 /yr
1017A	Studio	479 sqft	AED 975KAED 975,051 · May 2018May 2018	66,000 /yr
1018A	Studio	479 sqft	AED 985KAED 984,900 · Jun 2018June 2018	58,000 /yr
1019A	Studio	468 sqft	AED 1.02MAED 1,019,350 · Feb 2015February 2015	38,000 /yr

1–7 of 27

1012, Majestine Allure in numbers

Sold once: by Business Tower Investment on 9 June 2015 for AED 1,051,650, or AED 2,214 per sqft.
Rented since May 2019 on 8 Ejari contracts. The rent fell from AED 55,000 to AED 36,000 in 2022 and recovered to AED 60,000 by September 2024.
At AED 60,000 a year the gross yield on the 2015 price is 5.7%.
Studios in Majestine Allure sold for AED 740,000–930,000 in the 12 months to November 2026; the building's median across all types is AED 1,702 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 14 September 2024.

Questions about 1012, Majestine Allure

What did unit 1012 last sell for?

AED 1,051,650 on 9 June 2015, sold by the developer: AED 2,214 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 1012?

AED 60,000 a year on the contract signed on 14 September 2024. The previous contract, from July 2023, was AED 58,000; the unit has been rented since May 2019.

How big is unit 1012?

475 sqft (44.1 sqm): a studio on the 10th floor of a 19-storey tower completed in 2018.

What is unit 1012 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Majestine Allure sold for AED 740,000 to 930,000 in the last 12 months, around AED 1,761 per sqft.

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Mortgage on 1012, Majestine Allure

Starts from the last sale price (AED 1.05M, 9 June 2015). Switch to today's estimate once you have unlocked it.

Price: AED 1,051,650
Deposit, UAE resident (20%): AED 210,330
Deposit, non-resident (40%): AED 420,660
Monthly over 25 years at 3.7%: AED 4,303

Plus AED 49,179 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →