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Studio · 612 sqftMajestine Allure, Business Bay · 11th floor · completed 2018

1109, Majestine Allure

Sold prices and rental history: sold once, by the developer in December 2018, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1109 · DLD and Ejari recordsUpdated 1 April 2021
Last soldAED 1.16M19 December 2018
Current rentAED 55K /yr1 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1109, Majestine Allure

What is 1109 worth today?

Last sold for AED 1,162,000 in 2018

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1 Apr 2021RentedRenewal
AED 55,000/yr12 months · AED 90 per sqft
1 Apr 2020RentedRenewal
AED 55,000/yr12 months · AED 90 per sqft
1 Apr 2019RentedNew contract
AED 64,000/yr12 months · AED 105 per sqft
19 Dec 2018Sold by developerReady
AED 1,162,000AED 1,898 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2021.

Key facts

Type
Studio apartment
Size
612 sqft
Floor
11th of 19
Parking
nan
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.16M · December 2018
Building
Majestine Allure

About 1109, Majestine Allure

1109 is a studio of 612 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 19 December 2018 for AED 1,162,000, or AED 1,898 per sqft, in line with the AED 1,943 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 1 April 2021, is AED 55,000 a year: a gross yield of 4.7% on the 2018 price.

Sales and rents for 1109 over time

Sales
Unit 1109, each saleTypical studio in Majestine Allure
500K1M2014201820222026Typical sale price by year: 2014 AED 1,012,700; 2015 AED 1,008,900; 2016 AED 1,021,725; 2017 AED 1,059,250; 2018 AED 979,976; 2019 AED 931,000; 2020 AED 490,000; 2021 AED 630,000; 2022 AED 650,000; 2023 AED 770,000; 2024 AED 820,000; 2025 AED 840,000; 2026 AED 830,000Sold by developer, December 2018: AED 1,162,000 (AED 1,898 per sqft)

1109 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1109, each contractTypical studio in Majestine Allure
40K60K20192021202320252027Typical rent by year: 2019 AED 50,000; 2020 AED 40,000; 2021 AED 40,000; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 65,000; 2025 AED 65,000; 2026 AED 70,000New contract, April 2019: AED 64,000 a yearRenewal, April 2020: AED 55,000 a yearRenewal, April 2021: AED 55,000 a year

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 1109 sits

All 273 studios →

1109 last sold in December 2018 at AED 1,898 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 1,943). 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. 1109's AED 55,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Feb 2026814,000
29 Jan 2026830,000
27 Jan 2026860,000
27 Jan 2026820,000
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 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

1109, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 19 December 2018 for AED 1,162,000, or AED 1,898 per sqft.
  • Rented since April 2019 on 3 Ejari contracts, from AED 64,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2018 price is 4.7%.
  • 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 1 April 2021.

Questions about 1109, Majestine Allure

What did unit 1109 last sell for?

AED 1,162,000 on 19 December 2018, sold by the developer: AED 1,898 per sqft for 612 sqft. It is the only registered sale of the unit.

What is the rent for unit 1109?

AED 55,000 a year on the contract renewed on 1 April 2021. The previous contract, from April 2020, was AED 55,000; the unit has been rented since April 2019.

How big is unit 1109?

612 sqft (56.9 sqm): a studio on the 11th floor of a 19-storey tower completed in 2018.

What is unit 1109 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 1109, Majestine Allure

Starts from the last sale price (AED 1.16M, 19 December 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,162,000
Deposit, UAE resident (20%)
AED 232,400
Deposit, non-resident (40%)
AED 464,800
Monthly over 25 years at 3.7%
AED 4,754

Plus AED 53,814 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →