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Studio · 499 sqftMajestine Allure, Business Bay · 16th floor · completed 2018

1601, Majestine Allure

Sold prices and rental history: sold twice, last in September 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601 · DLD and Ejari recordsUpdated 31 January 2024
Last soldAED 650K28 September 2022
Current rentAED 65K /yr31 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1601, Majestine Allure

What is 1601 worth today?

Last sold for AED 650,000 in 2022

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31 Jan 2024RentedNew contract
AED 64,615/yr12 months · AED 130 per sqft
10 Jan 2023RentedNew contract
AED 55,000/yr12 months · AED 111 per sqft
28 Sep 2022SoldReady
AED 650,000AED 1,303 per sqft
11 Mar 2015Sold by developerOff-plan
AED 1,107,700AED 2,221 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 January 2024.

Key facts

Type
Studio apartment
Size
499 sqft
Floor
16th of 19
Parking
P3-34
Developer
Business Tower Investment
Completed
2018
Last sold
AED 650K · September 2022
Building
Majestine Allure

About 1601, Majestine Allure

1601 is a studio of 499 sqft on the 16th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 28 September 2022 for AED 650,000, or AED 1,303 per sqft, in line with the AED 1,307 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 31 January 2024, is AED 64,615 a year: a gross yield of 9.9% on the 2022 price.

Sales and rents for 1601 over time

Sales
Unit 1601, 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, March 2015: AED 1,107,700 (AED 2,221 per sqft)Sold, September 2022: AED 650,000 (AED 1,303 per sqft)

1601 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1601, 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, January 2023: AED 55,000 a yearNew contract, January 2024: AED 64,615 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 1601 sits

All 273 studios →

1601 last sold in September 2022 at AED 1,303 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 1,307). 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. 1601's AED 64,615 is in the lower half 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 16th floor

All 497 units in Majestine Allure
Value
1602StudioAED 1.03M · Feb 2015
1603StudioAED 1M · Aug 2015
1604StudioAED 1.26M · Nov 2017
1605StudioAED 800K · Feb 2022
16062-bedAED 2.99M · Aug 2015
16071-bedAED 1.98M · Jan 2015
16081-bedAED 1.55M · Aug 2018
1–7 of 33

1601, Majestine Allure in numbers

  • Sold twice: first on 11 March 2015 for AED 1,107,700, last on 28 September 2022 for AED 650,000 (AED 1,303 per sqft).
  • Rented since January 2023 on 2 Ejari contracts, from AED 55,000 to AED 64,615 a year.
  • At AED 64,615 a year the gross yield on the 2022 price is 9.9%.
  • 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 31 January 2024.

Questions about 1601, Majestine Allure

What did unit 1601 last sell for?

AED 650,000 on 28 September 2022: AED 1,303 per sqft for 499 sqft. The unit has 2 registered sales; the first was AED 1,107,700 in March 2015.

What is the rent for unit 1601?

AED 64,615 a year on the contract signed on 31 January 2024. The previous contract, from January 2023, was AED 55,000.

How big is unit 1601?

499 sqft (46.4 sqm): a studio on the 16th floor of a 19-storey tower completed in 2018.

What is unit 1601 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 1601, Majestine Allure

Starts from the last sale price (AED 650K, 28 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

Plus AED 32,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →