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1-bed · 894 sqftMajestine Allure, Business Bay · 14th floor · completed 2018

1413A, Majestine Allure

Sold prices and rental history: sold once, by the developer in August 2021, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1413A · DLD and Ejari recordsUpdated 20 August 2024
Last soldAED 1.24M16 August 2021
Current rentAED 90K /yr20 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1413A, Majestine Allure

What is 1413A worth today?

Last sold for AED 1,236,750 in 2021

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20 Aug 2024RentedNew contract
AED 90,000/yr12 months · AED 101 per sqft
8 Jun 2023RentedRenewal
AED 82,000/yr12 months · AED 92 per sqft
16 Aug 2021Sold by developerReady
AED 1,236,750AED 1,383 per sqft

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

Key facts

Type
1-bed apartment
Size
894 sqft
Floor
14th of 19
Parking
P2-147
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.24M · August 2021
Building
Majestine Allure

About 1413A, Majestine Allure

1413A is a one-bedroom apartment of 894 sqft on the 14th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 16 August 2021 for AED 1,236,750, or AED 1,383 per sqft, 6% above the AED 1,301 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 20 August 2024, is AED 90,000 a year: a gross yield of 7.3% on the 2021 price.

Sales and rents for 1413A over time

Sales
Unit 1413A, 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, August 2021: AED 1,236,750 (AED 1,383 per sqft)

1413A has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1413A, 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 96,500Renewal, June 2023: AED 82,000 a yearNew contract, August 2024: AED 90,000 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 1413A sits

All 142 1-beds →

1413A last sold in August 2021 at AED 1,383 per sqft, 6% above what one-beds in Majestine Allure were fetching at the time (AED 1,301). Over the last 12 months one-beds sold for AED 1,330,000 to 1,350,000, around AED 1,502 per sqft, and rent for AED 84,000 to 120,000 a year. 1413A's AED 90,000 is in the lower half 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
2 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. 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 14th floor

All 497 units in Majestine Allure
Value
1401StudioAED 1.19M · Jun 2015
1402StudioAED 1M · Oct 2015
14033-bedAED 3.6M · Aug 2014
14042-bedAED 2.96M · Aug 2014
1405StudioAED 805K · Jun 2021
14062-bedAED 2.66M · Aug 2014
14071-bedAED 1.94M · Aug 2014
1–7 of 27

1413A, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 16 August 2021 for AED 1,236,750, or AED 1,383 per sqft.
  • Rented since June 2023 on 2 Ejari contracts, from AED 82,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2021 price is 7.3%.
  • One-beds in Majestine Allure sold for AED 1,330,000–1,350,000 in the 12 months to November 2026; the building's median across all types is AED 1,715 per sqft.

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

Questions about 1413A, Majestine Allure

What did unit 1413A last sell for?

AED 1,236,750 on 16 August 2021, sold by the developer: AED 1,383 per sqft for 894 sqft. It is the only registered sale of the unit.

What is the rent for unit 1413A?

AED 90,000 a year on the contract signed on 20 August 2024. The previous contract, from June 2023, was AED 82,000.

How big is unit 1413A?

894 sqft (83.1 sqm): a one-bedroom apartment on the 14th floor of a 19-storey tower completed in 2018.

What is unit 1413A 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 1,330,000 to 1,350,000 in the last 12 months, around AED 1,502 per sqft.

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Mortgage on 1413A, Majestine Allure

Starts from the last sale price (AED 1.24M, 16 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,236,750
Deposit, UAE resident (20%)
AED 247,350
Deposit, non-resident (40%)
AED 494,700
Monthly over 25 years at 3.7%
AED 5,060

Plus AED 56,954 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →