Studio · 612 sqftMajestine Allure, Business Bay · 16th floor · completed 2018

1609, Majestine Allure

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in January 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 1 June 2025

Last soldAED 1.11M9 January 2023

Current rentAED 70K /yr1 June 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 1609, Majestine Allure

Today

What is 1609 worth today?

Last sold for AED 1,110,340 in 2023

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1 Jun 2025

1 Jun 2025RentedRenewal

AED 70,000/yr12 months · AED 114 per sqft

1 Jun 2023

1 Jun 2023RentedRenewal

AED 50,000/yr12 months · AED 82 per sqft

9 Jan 2023

9 Jan 2023Sold by developerReady

AED 1,110,340AED 1,814 per sqft

1 Jun 2022

1 Jun 2022RentedRenewal

AED 47,250/yr12 months · AED 77 per sqft

1 Jun 2021

1 Jun 2021RentedNew contract

AED 45,000/yr12 months · AED 74 per sqft

1 Jun 2020

1 Jun 2020RentedRenewal

AED 48,000/yr12 months · AED 78 per sqft

1 Jun 2019

1 Jun 2019RentedNew contract

AED 52,000/yr12 months · AED 85 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 June 2025.

Key facts

Type: Studio apartment
Size: 612 sqft
Floor: 16th of 19
Parking: nan
Developer: Business Tower Investment
Completed: 2018
Last sold: AED 1.11M · January 2023
Building: Majestine Allure

About 1609, Majestine Allure

1609 is a studio of 612 sqft on the 16th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 9 January 2023 for AED 1,110,340, or AED 1,814 per sqft, 33% above the AED 1,360 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 1 June 2025, is AED 70,000 a year: a gross yield of 6.3% on the 2023 price.

Sales and rents for 1609 over time

Sales

Unit 1609, each saleTypical studio in Majestine Allure

1609 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1609, each contractTypical studio in Majestine Allure

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 1609 sits

All 273 studios →

Studios in Majestine Allure · last 12 months1,761 /sqft Majestine Allure · all types1,702 /sqft

1609 last sold in January 2023 at AED 1,814 per sqft, 33% above what studios in Majestine Allure were fetching at the time (AED 1,360). 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. 1609's AED 70,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
1 Feb 20261 February 2026	474 sqft	814,000	1,715
29 Jan 202629 January 2026	479 sqft	830,000	1,733
27 Jan 202627 January 2026	478 sqft	860,000	1,797
27 Jan 202627 January 2026	456 sqft	820,000	1,799

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


1601	Studio	499 sqft	AED 650KAED 650,000 · Sep 2022September 2022	64,615 /yr
1602	Studio	474 sqft	AED 1.03MAED 1,032,650 · Feb 2015February 2015	72,000 /yr
1603	Studio	459 sqft	AED 1MAED 1,000,000 · Aug 2015August 2015	70,350 /yr
1604	Studio	572 sqft	AED 1.26MAED 1,259,000 · Nov 2017November 2017	70,000 /yr
1605	Studio	489 sqft	AED 800KAED 800,000 · Feb 2022February 2022	62,000 /yr
1606	2-bed	1,357 sqft	AED 2.99MAED 2,991,550 · Aug 2015August 2015	125,000 /yr
1607	1-bed	978 sqft	AED 1.98MAED 1,978,850 · Jan 2015January 2015	100,000 /yr
1608	1-bed	890 sqft	AED 1.55MAED 1,553,310 · Aug 2018August 2018	92,000 /yr
1610	2-bed	1,247 sqft	AED 2.46MAED 2,461,450 · Dec 2014December 2014	147,000 /yr
1611	Studio	461 sqft	AED 1.01MAED 1,009,850 · Oct 2015October 2015	60,000 /yr
1612	Studio	475 sqft	AED 1.05MAED 1,047,850 · Jan 2015January 2015	78,000 /yr
1613	Studio	447 sqft	AED 600KAED 600,000 · Nov 2019November 2019	63,000 /yr
1614	2-bed	1,068 sqft	AED 2.16MAED 2,160,300 · Aug 2015August 2015	127,000 /yr
1615	3-bed	1,420 sqft	AED 2.34MAED 2,337,390 · Jul 2018July 2018	160,000 /yr
1616	Studio	430 sqft	AED 650KAED 650,000 · Feb 2023February 2023	65,000 /yr
1617	Studio	481 sqft	AED 1.02MAED 1,018,400 · Aug 2015August 2015
1618	Studio	480 sqft	AED 1.01MAED 1,012,700 · Jan 2015January 2015	60,000 /yr
1619	Studio	479 sqft	AED 835KAED 835,000 · Mar 2025March 2025	60,000 /yr
1620	1-bed	897 sqft	AED 1.73MAED 1,730,900 · Jun 2015June 2015	85,000 /yr
1601A	Studio	497 sqft	AED 735KAED 735,000 · Mar 2023March 2023	44,000 /yr
1602A	1-bed	853 sqft	AED 1.62MAED 1,621,650 · Dec 2014December 2014	95,000 /yr
1603A	Studio	453 sqft	AED 849KAED 848,680 · Sep 2022September 2022
1603B	1-bed	820 sqft	AED 1.43MAED 1,426,880 · Oct 2018October 2018	100,000 /yr
1604A	1-bed	1,034 sqft	AED 1.84MAED 1,837,000 · Dec 2018December 2018	105,000 /yr
1605A	1-bed	1,003 sqft	AED 1.73MAED 1,732,640 · Jan 2019January 2019	70,000 /yr
1611A	Studio	461 sqft	AED 1.06MAED 1,058,300 · Apr 2015April 2015	68,000 /yr
1612A	Studio	457 sqft	AED 900KAED 900,000 · Aug 2024August 2024	85,000 /yr
1613A	1-bed	894 sqft	AED 1.72MAED 1,719,000 · Aug 2016August 2016	95,000 /yr
1613B	Studio	456 sqft	AED 620KAED 620,000 · Jun 2022June 2022	38,000 /yr
1616A	Studio	479 sqft	AED 1.02MAED 1,018,400 · Sep 2015September 2015
1617A	Studio	478 sqft	AED 1.01MAED 1,012,700 · Dec 2014December 2014	65,000 /yr
1618A	Studio	479 sqft	AED 1.02MAED 1,018,400 · Jul 2015July 2015	65,000 /yr
1619A	Studio	467 sqft	AED 630KAED 630,000 · Apr 2019April 2019	65,000 /yr

1–7 of 33

1609, Majestine Allure in numbers

Sold once: by Business Tower Investment on 9 January 2023 for AED 1,110,340, or AED 1,814 per sqft.
Rented since June 2019 on 6 Ejari contracts. The rent fell from AED 52,000 to AED 45,000 in 2021 and recovered to AED 70,000 by June 2025.
At AED 70,000 a year the gross yield on the 2023 price is 6.3%.
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 1 June 2025.

Questions about 1609, Majestine Allure

What did unit 1609 last sell for?

AED 1,110,340 on 9 January 2023, sold by the developer: AED 1,814 per sqft for 612 sqft. It is the only registered sale of the unit.

What is the rent for unit 1609?

AED 70,000 a year on the contract renewed on 1 June 2025. The previous contract, from June 2023, was AED 50,000; the unit has been rented since June 2019.

How big is unit 1609?

612 sqft (56.9 sqm): a studio on the 16th floor of a 19-storey tower completed in 2018.

What is unit 1609 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 1609, Majestine Allure

Starts from the last sale price (AED 1.11M, 9 January 2023). Switch to today's estimate once you have unlocked it.

Price: AED 1,110,340
Deposit, UAE resident (20%): AED 222,068
Deposit, non-resident (40%): AED 444,136
Monthly over 25 years at 3.7%: AED 4,543

Plus AED 51,645 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →