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3-bed · 1,420 sqftMajestine Allure, Business Bay · 16th floor · completed 2018

1615, Majestine Allure

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1615 · DLD and Ejari recordsUpdated 20 March 2025
Last soldAED 2.34M9 July 2018
Current rentAED 160K /yr20 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1615, Majestine Allure

What is 1615 worth today?

Last sold for AED 2,337,390 in 2018

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20 Mar 2025RentedNew contract
AED 160,000/yr12 months · AED 113 per sqft
20 Mar 2024RentedNew contract
AED 160,000/yr12 months · AED 113 per sqft
21 Jan 2022RentedNew contract
AED 130,000/yr12 months · AED 92 per sqft
27 Jul 2021RentedRenewal
AED 108,000/yr12 months · AED 76 per sqft
27 Jul 2020RentedRenewal
AED 108,000/yr12 months · AED 76 per sqft
27 Jul 2019RentedNew contract
AED 115,000/yr12 months · AED 81 per sqft
9 Jul 2018Sold by developerOff-plan
AED 2,337,390AED 1,645 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 March 2025.

Key facts

Type
3-bed apartment
Size
1,420 sqft
Floor
16th of 19
Parking
P3-97
Developer
Business Tower Investment
Completed
2018
Last sold
AED 2.34M · July 2018
Building
Majestine Allure

About 1615, Majestine Allure

1615 is a three-bedroom apartment of 1,420 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 July 2018 for AED 2,337,390, or AED 1,645 per sqft.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 20 March 2025, is AED 160,000 a year: a gross yield of 6.9% on the 2018 price.

Sales and rents for 1615 over time

Sales
Unit 1615, each saleTypical three-bed in Majestine Allure
2M3M2014201720202023Typical sale price by year: 2014 AED 3,601,950; 2015 AED 2,953,550; 2018 AED 2,349,000; 2022 AED 2,027,000Sold by developer, July 2018: AED 2,337,390 (AED 1,645 per sqft)

1615 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1615, each contractTypical three-bed in Majestine Allure
100K150K2019202120232025Typical rent by year: 2019 AED 115,000; 2020 AED 100,000; 2021 AED 108,000; 2022 AED 142,500; 2023 AED 155,000; 2024 AED 160,000; 2025 AED 160,000New contract, July 2019: AED 115,000 a yearRenewal, July 2020: AED 108,000 a yearRenewal, July 2021: AED 108,000 a yearNew contract, January 2022: AED 130,000 a yearNew contract, March 2024: AED 160,000 a yearNew contract, March 2025: AED 160,000 a year

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

3-beds in Majestine Allure, and where 1615 sits

All 20 3-beds →

Over the last 12 months three-beds sold for AED 2,400,000, around AED 1,689 per sqft, and rent for AED 160,000 to 160,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
15 Jan 20252,428,000
16 Dec 20242,500,000
11 Dec 20242,500,000
14 Jun 20221,865,000
1 3-bed sale 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 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

1615, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 9 July 2018 for AED 2,337,390, or AED 1,645 per sqft.
  • Rented since July 2019 on 6 Ejari contracts, from AED 115,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2018 price is 6.9%.
  • Three-beds in Majestine Allure sold for AED 2,400,000–2,400,000 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 March 2025.

Questions about 1615, Majestine Allure

What did unit 1615 last sell for?

AED 2,337,390 on 9 July 2018, sold by the developer: AED 1,645 per sqft for 1,420 sqft. It is the only registered sale of the unit.

What is the rent for unit 1615?

AED 160,000 a year on the contract signed on 20 March 2025. The previous contract, from March 2024, was AED 160,000; the unit has been rented since July 2019.

How big is unit 1615?

1,420 sqft (131.9 sqm): a three-bedroom apartment on the 16th floor of a 19-storey tower completed in 2018.

What is unit 1615 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Majestine Allure sold for AED 2,400,000 to 2,400,000 in the last 12 months, around AED 1,689 per sqft.

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Mortgage on 1615, Majestine Allure

Starts from the last sale price (AED 2.34M, 9 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,337,390
Deposit, UAE resident (20%)
AED 467,478
Deposit, non-resident (40%)
AED 934,956
Monthly over 25 years at 3.7%
AED 9,563

Plus AED 103,181 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →