Home
Dubai prices
About
Research
Studio · 497 sqftMajestine Allure, Business Bay · 16th floor · completed 2018

1601A, Majestine Allure

Sold prices and rental history: sold 3 times, last in March 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1601A · DLD and Ejari recordsUpdated 12 April 2023
Last soldAED 735K27 March 2023
Current rentAED 44K /yr12 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1601A, Majestine Allure

What is 1601A worth today?

Last sold for AED 735,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

12 Apr 2023RentedNew contract
AED 44,000/yr12 months · AED 89 per sqft
27 Mar 2023SoldReady
AED 735,000AED 1,479 per sqft
3 Nov 2022SoldReady
AED 610,000AED 1,227 per sqft
12 Apr 2022RentedRenewal
AED 44,000/yr12 months · AED 89 per sqft
18 Dec 2014Sold by developerOff-plan
AED 1,099,150AED 2,212 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 April 2023.

Key facts

Type
Studio apartment
Size
497 sqft
Floor
16th of 19
Parking
P3-35
Developer
Business Tower Investment
Completed
2018
Last sold
AED 735K · March 2023
Building
Majestine Allure

About 1601A, Majestine Allure

1601A is a studio of 497 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 27 March 2023 for AED 735,000, or AED 1,479 per sqft, 4% above the AED 1,426 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 12 April 2023, is AED 44,000 a year: a gross yield of 6.0% on the 2023 price.

Sales and rents for 1601A over time

Sales
Unit 1601A, 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, December 2014: AED 1,099,150 (AED 2,212 per sqft)Sold, November 2022: AED 610,000 (AED 1,227 per sqft)Sold, March 2023: AED 735,000 (AED 1,479 per sqft)

1601A has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1601A, 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 70,000Renewal, April 2022: AED 44,000 a yearNew contract, April 2023: AED 44,000 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 1601A sits

All 273 studios →

1601A last sold in March 2023 at AED 1,479 per sqft, 4% above what studios in Majestine Allure were fetching at the time (AED 1,426). 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. 1601A's AED 44,000 is at the bottom 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
1601StudioAED 650K · Sep 2022
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
1–7 of 33

1601A, Majestine Allure in numbers

  • Sold 3 times: first on 18 December 2014 for AED 1,099,150, last on 27 March 2023 for AED 735,000 (AED 1,479 per sqft).
  • Rented since April 2022 on 2 Ejari contracts, at AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2023 price is 6.0%.
  • 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 12 April 2023.

Questions about 1601A, Majestine Allure

What did unit 1601A last sell for?

AED 735,000 on 27 March 2023: AED 1,479 per sqft for 497 sqft. The unit has 3 registered sales; the first was AED 1,099,150 in December 2014.

What is the rent for unit 1601A?

AED 44,000 a year on the contract signed on 12 April 2023. The previous contract, from April 2022, was AED 44,000.

How big is unit 1601A?

497 sqft (46.2 sqm): a studio on the 16th floor of a 19-storey tower completed in 2018.

What is unit 1601A 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.

Selling 1601A? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1601A, Majestine Allure

Starts from the last sale price (AED 735K, 27 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 735,000
Deposit, UAE resident (20%)
AED 147,000
Deposit, non-resident (40%)
AED 294,000
Monthly over 25 years at 3.7%
AED 3,007

Plus AED 35,880 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →