1-bed · 853 sqftMajestine Allure, Business Bay · 11th floor · completed 2018

1102A, Majestine Allure

Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1102A · DLD and Ejari recordsUpdated 15 December 2022
Last soldAED 1.61M9 December 2014
Current rentAED 63K /yr15 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1102A, Majestine Allure

What is 1102A worth today?

Last sold for AED 1,613,100 in 2014

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15 Dec 2022RentedNew contract
AED 63,250/yr12 months · AED 74 per sqft
15 Dec 2021RentedRenewal
AED 57,500/yr12 months · AED 68 per sqft
15 Dec 2020RentedNew contract
AED 50,000/yr12 months · AED 59 per sqft
25 Feb 2020RentedNew contract
AED 70,000/yr12 months · AED 82 per sqft
30 Jan 2019RentedNew contract
AED 80,000/yr12 months · AED 94 per sqft
9 Dec 2014Sold by developerOff-plan
AED 1,613,100AED 1,890 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 December 2022.

Key facts

Type
1-bed hotel apartment
Size
853 sqft
Floor
11th of 19
Parking
P2-46
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.61M · December 2014

About 1102A, Majestine Allure

1102A is a one-bedroom hotel apartment of 853 sqft on the 11th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 9 December 2014 for AED 1,613,100, or AED 1,890 per sqft, in line with the AED 1,918 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 15 December 2022, is AED 63,250 a year: a gross yield of 3.9% on the 2014 price.

Sales and rents for 1102A over time

Sales
Unit 1102A, each saleTypical one-bed in Majestine Allure
1M1.5M20142017202020232026Typical sale price by year: 2014 AED 1,784,100; 2015 AED 1,730,900; 2016 AED 1,719,000; 2017 AED 1,517,000; 2018 AED 1,553,310; 2019 AED 1,696,500; 2021 AED 950,000; 2022 AED 1,295,000; 2023 AED 1,658,000; 2024 AED 1,320,000; 2025 AED 1,250,000Sold by developer, December 2014: AED 1,613,100 (AED 1,890 per sqft)

1102A has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1102A, each contractTypical one-bed in Majestine Allure
50K75K100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 63,750; 2021 AED 65,000; 2022 AED 75,000; 2023 AED 88,000; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 96,500New contract, January 2019: AED 80,000 a yearNew contract, February 2020: AED 70,000 a yearNew contract, December 2020: AED 50,000 a yearRenewal, December 2021: AED 57,500 a yearNew contract, December 2022: AED 63,250 a year

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

1-beds in Majestine Allure, and where 1102A sits

All 142 1-beds →

1102A last sold in December 2014 at AED 1,890 per sqft, in line with what one-beds in Majestine Allure were fetching at the time (AED 1,918). Over the last 12 months one-beds sold for AED 1,250,000 to 1,350,000, around AED 1,494 per sqft, and rent for AED 84,000 to 120,000 a year. 1102A's AED 63,250 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jan 20261,350,000
24 Jul 20251,180,000
22 Jul 20251,275,000
16 Jul 20251,250,000
3 1-bed 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 11th floor

All 497 units in Majestine Allure
Value
1101StudioAED 720K · May 2023
1102StudioAED 590K · Nov 2021
1103StudioAED 1.06M · Sep 2015
1104AED 880K · Sep 2025
11052-bedAED 1.75M · May 2023
1106StudioAED 1M · Dec 2018
11071-bedAED 1.78M · Aug 2014
1–7 of 33

1102A, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 9 December 2014 for AED 1,613,100, or AED 1,890 per sqft.
  • Rented since January 2019 on 5 Ejari contracts. The rent fell from AED 80,000 to AED 50,000 in 2020 and recovered to AED 63,250 by December 2022.
  • At AED 63,250 a year the gross yield on the 2014 price is 3.9%.
  • One-beds in Majestine Allure sold for AED 1,250,000–1,350,000 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 15 December 2022.

Questions about 1102A, Majestine Allure

What did unit 1102A last sell for?

AED 1,613,100 on 9 December 2014, sold by the developer: AED 1,890 per sqft for 853 sqft. It is the only registered sale of the unit.

What is the rent for unit 1102A?

AED 63,250 a year on the contract signed on 15 December 2022. The previous contract, from December 2021, was AED 57,500; the unit has been rented since January 2019.

How big is unit 1102A?

853 sqft (79.2 sqm): a one-bedroom hotel apartment on the 11th floor of a 19-storey tower completed in 2018.

What is unit 1102A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Majestine Allure sold for AED 1,250,000 to 1,350,000 in the last 12 months, around AED 1,494 per sqft.

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Mortgage on 1102A, Majestine Allure

Starts from the last sale price (AED 1.61M, 9 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,613,100
Deposit, UAE resident (20%)
AED 322,620
Deposit, non-resident (40%)
AED 645,240
Monthly over 25 years at 3.7%
AED 6,600

Plus AED 72,760 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →