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2-bed · 1,495 sqftMajestine Allure, Business Bay · 13th floor · completed 2018

1305, Majestine Allure

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

Unit 1305 · DLD and Ejari recordsUpdated 20 September 2024
Last soldAED 2.66M6 August 2014
Current rentAED 120K /yr20 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1305, Majestine Allure

What is 1305 worth today?

Last sold for AED 2,661,900 in 2014

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20 Sep 2024RentedNew contract
AED 120,000/yr12 months · AED 80 per sqft
20 Sep 2023RentedRenewal
AED 110,000/yr12 months · AED 74 per sqft
25 Aug 2022RentedNew contract
AED 105,000/yr12 months · AED 70 per sqft
17 Aug 2021RentedNew contract
AED 80,000/yr12 months · AED 54 per sqft
17 May 2021RentedRenewal
AED 86,605/yr2 months · AED 58 per sqft
17 May 2020RentedNew contract
AED 88,000/yr12 months · AED 59 per sqft
4 Apr 2019RentedNew contract
AED 110,000/yr12 months · AED 74 per sqft
6 Aug 2014Sold by developerOff-plan
AED 2,661,900AED 1,780 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 September 2024.

Key facts

Type
2-bed apartment
Size
1,495 sqft
Floor
13th of 19
Parking
P2-117
Developer
Business Tower Investment
Completed
2018
Last sold
AED 2.66M · August 2014
Building
Majestine Allure

About 1305, Majestine Allure

1305 is a two-bedroom apartment of 1,495 sqft on the 13th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 6 August 2014 for AED 2,661,900, or AED 1,780 per sqft, 11% below the AED 1,993 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 20 September 2024, is AED 120,000 a year: a gross yield of 4.5% on the 2014 price.

Sales and rents for 1305 over time

Sales
Unit 1305, each saleTypical two-bed in Majestine Allure
1.5M2M2.5M20142017202020232026Typical sale price by year: 2014 AED 2,455,275; 2015 AED 2,444,350; 2018 AED 1,922,550; 2022 AED 1,613,740; 2023 AED 2,125,000; 2024 AED 1,805,500; 2025 AED 1,765,000Sold by developer, August 2014: AED 2,661,900 (AED 1,780 per sqft)

1305 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1305, each contractTypical two-bed in Majestine Allure
75K100K125K20192021202320252027Typical rent by year: 2019 AED 100,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 100,000; 2023 AED 120,000; 2024 AED 130,000; 2025 AED 134,000; 2026 AED 135,000New contract, April 2019: AED 110,000 a yearNew contract, May 2020: AED 88,000 a yearRenewal, May 2021: AED 86,605 a yearNew contract, August 2021: AED 80,000 a yearNew contract, August 2022: AED 105,000 a yearRenewal, September 2023: AED 110,000 a yearNew contract, September 2024: AED 120,000 a year

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

2-beds in Majestine Allure, and where 1305 sits

All 43 2-beds →

1305 last sold in August 2014 at AED 1,780 per sqft, 11% below what two-beds in Majestine Allure were fetching at the time (AED 1,993). 1305's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jun 20251,981,400
28 May 20251,530,000
20 May 20251,800,000
22 Jan 20251,730,000
0 2-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. 11 sold in the last 12 months.

Typical price per sqft
AED 1,715 Up 3.8%
Typical sale
AED 830K
Typical rent
AED 94K /yr
Typical yield
7.1%
Majestine Allure, Business Bay: prices, sales and rents →

Other units on the 13th floor

All 497 units in Majestine Allure
Value
1301StudioAED 1.1M · Feb 2015
1302StudioAED 650K · Feb 2019
13033-bedAED 3.8M · Jul 2015
1304StudioAED 690K · Apr 2022
13062-bedAED 1.89M · Feb 2022
13071-bedAED 1.97M · Feb 2015
13081-bedAED 1.92M · Sep 2014
1–7 of 28

1305, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 6 August 2014 for AED 2,661,900, or AED 1,780 per sqft.
  • Rented since April 2019 on 7 Ejari contracts. The rent fell from AED 110,000 to AED 80,000 in 2021 and recovered to AED 120,000 by September 2024.
  • At AED 120,000 a year the gross yield on the 2014 price is 4.5%.

Source: YallaValue analysis of Dubai Land Department records. Updated 20 September 2024.

Questions about 1305, Majestine Allure

What did unit 1305 last sell for?

AED 2,661,900 on 6 August 2014, sold by the developer: AED 1,780 per sqft for 1,495 sqft. It is the only registered sale of the unit.

What is the rent for unit 1305?

AED 120,000 a year on the contract signed on 20 September 2024. The previous contract, from September 2023, was AED 110,000; the unit has been rented since April 2019.

How big is unit 1305?

1,495 sqft (138.9 sqm): a two-bedroom apartment on the 13th floor of a 19-storey tower completed in 2018.

What is unit 1305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1305, Majestine Allure

Starts from the last sale price (AED 2.66M, 6 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,661,900
Deposit, UAE resident (20%)
AED 532,380
Deposit, non-resident (40%)
AED 1,064,760
Monthly over 25 years at 3.7%
AED 10,891

Plus AED 116,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →