1118A, Majestine Allure
Sold prices and rental history: sold once, by the developer in February 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1118A, Majestine Allure
What is 1118A worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 28 August 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 479 sqft
- Floor
- 11th of 19
- Parking
- P2-69
- Developer
- Business Tower Investment
- Completed
- 2018
- Last sold
- AED 1.01M · February 2015
- Building
- Majestine Allure
About 1118A, Majestine Allure
1118A is a studio of 479 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 February 2015 for AED 1,007,950, or AED 2,102 per sqft, in line with the AED 2,156 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 28 August 2024, is AED 65,000 a year: a gross yield of 6.5% on the 2015 price.
Sales and rents for 1118A over time
1118A has sold once; the dashed line is the studio median of each year in the building.
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 1118A sits
All 273 studios →1118A last sold in February 2015 at AED 2,102 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 2,156). 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. 1118A's AED 65,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
Majestine Allure
Building497 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%
Other units on the 11th floor
All 497 units in Majestine Allure| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1101 | Studio | 499 sqft | AED 720KAED 720,000 · May 2023May 2023 | 62,000 /yr | |
| 1102 | Studio | 474 sqft | AED 590KAED 590,000 · Nov 2021November 2021 | 65,000 /yr | |
| 1103 | Studio | 459 sqft | AED 1.06MAED 1,059,250 · Sep 2015September 2015 | 65,000 /yr | |
| 1104 | 572 sqft | AED 880KAED 880,000 · Sep 2025September 2025 | 70,000 /yr | ||
| 1105 | 2-bed | 1,493 sqft | AED 1.75MAED 1,750,000 · May 2023May 2023 | 160,000 /yr | |
| 1106 | Studio | 472 sqft | AED 1MAED 1,000,000 · Dec 2018December 2018 | 85,000 /yr | |
| 1107 | 1-bed | 978 sqft | AED 1.78MAED 1,784,100 · Aug 2014August 2014 | 84,000 /yr | |
| 1108 | 1-bed | 890 sqft | AED 1.32MAED 1,324,300 · Jan 2018January 2018 | 100,000 /yr | |
| 1109 | Studio | 612 sqft | AED 1.16MAED 1,162,000 · Dec 2018December 2018 | 55,000 /yr | |
| 1110 | 2-bed | 1,247 sqft | AED 2.45MAED 2,449,100 · Dec 2014December 2014 | 140,000 /yr | |
| 1111 | Studio | 461 sqft | AED 876KAED 876,000 · Mar 2023March 2023 | 60,000 /yr | |
| 1112 | 475 sqft | AED 800KAED 800,000 · Oct 2025October 2025 | 65,000 /yr | ||
| 1113 | Studio | 447 sqft | AED 896KAED 895,652 · Oct 2015October 2015 | 70,000 /yr | |
| 1114 | 2-bed | 1,068 sqft | AED 2.37MAED 2,368,350 · Aug 2014August 2014 | 120,000 /yr | |
| 1115 | 3-bed | 1,420 sqft | AED 2.35MAED 2,353,000 · Nov 2018November 2018 | ||
| 1116 | Studio | 429 sqft | AED 922KAED 921,500 · Nov 2014November 2014 | 35,000 /yr | |
| 1117 | Studio | 481 sqft | AED 840KAED 840,000 · Dec 2023December 2023 | 55,000 /yr | |
| 1118 | Studio | 480 sqft | AED 630KAED 630,000 · Feb 2019February 2019 | 82,000 /yr | |
| 1119 | 479 sqft | AED 940KAED 940,000 · Oct 2025October 2025 | 70,000 /yr | ||
| 1120 | 1-bed | 896 sqft | AED 1.3MAED 1,295,000 · Feb 2022February 2022 | 81,000 /yr | |
| 1101A | Studio | 497 sqft | AED 1.04MAED 1,037,400 · Aug 2015August 2015 | 80,000 /yr | |
| 1102A | 1-bed | 853 sqft | AED 1.61MAED 1,613,100 · Dec 2014December 2014 | 63,250 /yr | |
| 1103A | Studio | 453 sqft | AED 997KAED 996,550 · Oct 2015October 2015 | 67,000 /yr | |
| 1103B | 1-bed | 820 sqft | AED 1.64MAED 1,637,800 · Dec 2014December 2014 | 90,000 /yr | |
| 1104A | 1-bed | 1,034 sqft | AED 1.75MAED 1,749,120 · Oct 2018October 2018 | ||
| 1106A | 1-bed | 886 sqft | AED 1.55MAED 1,552,000 · Nov 2018November 2018 | ||
| 1111A | Studio | 461 sqft | AED 1.05MAED 1,053,550 · Apr 2015April 2015 | 62,000 /yr | |
| 1112A | Studio | 457 sqft | AED 1MAED 1,000,350 · Sep 2015September 2015 | 65,000 /yr | |
| 1113A | 1-bed | 894 sqft | AED 1.36MAED 1,360,000 · Oct 2021October 2021 | 100,000 /yr | |
| 1113B | Studio | 456 sqft | AED 977KAED 977,280 · Aug 2015August 2015 | 60,000 /yr | |
| 1116A | Studio | 479 sqft | AED 1.01MAED 1,007,950 · Aug 2015August 2015 | 65,000 /yr | |
| 1117A | Studio | 478 sqft | AED 1.01MAED 1,011,750 · Feb 2015February 2015 | 67,000 /yr | |
| 1119A | Studio | 468 sqft | AED 1.02MAED 1,019,350 · Dec 2014December 2014 | 68,000 /yr |
1118A, Majestine Allure in numbers
- Sold once: by Business Tower Investment on 19 February 2015 for AED 1,007,950, or AED 2,102 per sqft.
- Rented since May 2019 on 6 Ejari contracts. The rent fell from AED 52,000 to AED 35,000 in 2020 and recovered to AED 65,000 by August 2024.
- At AED 65,000 a year the gross yield on the 2015 price is 6.5%.
- 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 28 August 2024.
Questions about 1118A, Majestine Allure
What did unit 1118A last sell for?
AED 1,007,950 on 19 February 2015, sold by the developer: AED 2,102 per sqft for 479 sqft. It is the only registered sale of the unit.
What is the rent for unit 1118A?
AED 65,000 a year on the contract signed on 28 August 2024. The previous contract, from February 2024, was AED 65,000; the unit has been rented since May 2019.
How big is unit 1118A?
479 sqft (44.5 sqm): a studio on the 11th floor of a 19-storey tower completed in 2018.
What is unit 1118A 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 1118A, Majestine Allure
Starts from the last sale price (AED 1.01M, 19 February 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,007,950
- Deposit, UAE resident (20%)
- AED 201,590
- Deposit, non-resident (40%)
- AED 403,180
- Monthly over 25 years at 3.7%
- AED 4,124
Plus AED 47,344 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →