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1-bed · 890 sqftMajestine Allure, Business Bay · 12th floor · completed 2018

1208, Majestine Allure

Sold prices and rental history: sold twice, last in October 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1208 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 1.43M1 October 2024
Current rentAED 78K /yr30 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1208, Majestine Allure

What is 1208 worth today?

Last sold for AED 1,430,000 in 2024

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1 Oct 2024SoldReady
AED 1,430,000AED 1,606 per sqft
30 Jul 2022RentedRenewal
AED 78,000/yr12 months · AED 87 per sqft
30 Jul 2019RentedNew contract
AED 75,000/yr12 months · AED 84 per sqft
27 Feb 2018Sold by developerOff-plan
AED 1,745,290AED 1,961 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.

Key facts

Type
1-bed apartment
Size
890 sqft
Floor
12th of 19
Parking
P2-82
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.43M · October 2024
Building
Majestine Allure

About 1208, Majestine Allure

1208 is a one-bedroom apartment of 890 sqft on the 12th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 1 October 2024 for AED 1,430,000, or AED 1,606 per sqft, 5% above the AED 1,524 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 30 July 2022, is AED 78,000 a year: a gross yield of 5.5% on the 2024 price.

Sales and rents for 1208 over time

Sales
Unit 1208, 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, February 2018: AED 1,745,290 (AED 1,961 per sqft)Sold, October 2024: AED 1,430,000 (AED 1,606 per sqft)

1208 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1208, each contractTypical one-bed in Majestine Allure
60K80K100K20192021202320252027Typical 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, July 2019: AED 75,000 a yearRenewal, July 2022: AED 78,000 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 1208 sits

All 142 1-beds →

1208 last sold in October 2024 at AED 1,606 per sqft, 5% above what one-beds in Majestine Allure were fetching at the time (AED 1,524). 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. 1208's AED 78,000 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 12th floor

All 497 units in Majestine Allure
Value
1201StudioAED 1.1M · Feb 2015
1202StudioAED 830K · Jul 2024
1203StudioAED 1.06M · Mar 2017
1204StudioAED 1.12M · Nov 2022
1205StudioAED 936K · Nov 2022
12062-bedAED 2.98M · Jun 2015
12071-bedAED 1.85M · Mar 2017
1–7 of 33

1208, Majestine Allure in numbers

  • Sold twice: first on 27 February 2018 for AED 1,745,290, last on 1 October 2024 for AED 1,430,000 (AED 1,606 per sqft).
  • Rented since July 2019 on 2 Ejari contracts, from AED 75,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2024 price is 5.5%.
  • 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 1 October 2024.

Questions about 1208, Majestine Allure

What did unit 1208 last sell for?

AED 1,430,000 on 1 October 2024: AED 1,606 per sqft for 890 sqft. The unit has 2 registered sales; the first was AED 1,745,290 in February 2018.

What is the rent for unit 1208?

AED 78,000 a year on the contract renewed on 30 July 2022. The previous contract, from July 2019, was AED 75,000.

How big is unit 1208?

890 sqft (82.7 sqm): a one-bedroom apartment on the 12th floor of a 19-storey tower completed in 2018.

What is unit 1208 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 1208, Majestine Allure

Starts from the last sale price (AED 1.43M, 1 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,430,000
Deposit, UAE resident (20%)
AED 286,000
Deposit, non-resident (40%)
AED 572,000
Monthly over 25 years at 3.7%
AED 5,851

Plus AED 65,070 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →