Studio · 572 sqftMajestine Allure, Business Bay · 17th floor · completed 2018

1704, Majestine Allure

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

Unit 1704 · DLD and Ejari recordsUpdated 15 September 2025
Last soldAED 1.1M13 November 2018
Current rentAED 58K /yr15 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, Majestine Allure

What is 1704 worth today?

Last sold for AED 1,102,500 in 2018

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15 Sep 2025RentedRenewal
AED 58,440/yr12 months · AED 102 per sqft
15 Sep 2023RentedRenewal
AED 48,000/yr12 months · AED 84 per sqft
15 Sep 2022RentedRenewal
AED 44,000/yr12 months · AED 77 per sqft
15 Sep 2020RentedNew contract
AED 37,000/yr12 months · AED 65 per sqft
5 Apr 2020RentedNew contract
AED 50,000/yr12 months · AED 87 per sqft
1 Apr 2019RentedNew contract
AED 60,000/yr12 months · AED 105 per sqft
13 Nov 2018Sold by developerReady
AED 1,102,500AED 1,927 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2025.

Key facts

Type
Studio apartment
Size
572 sqft
Floor
17th of 19
Parking
P2-58
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.1M · November 2018

About 1704, Majestine Allure

1704 is a studio of 572 sqft on the 17th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 13 November 2018 for AED 1,102,500, or AED 1,927 per sqft, 4% below the AED 2,001 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 15 September 2025, is AED 58,440 a year: a gross yield of 5.3% on the 2018 price.

Sales and rents for 1704 over time

Sales
Unit 1704, 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, November 2018: AED 1,102,500 (AED 1,927 per sqft)

1704 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1704, 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, April 2019: AED 60,000 a yearNew contract, April 2020: AED 50,000 a yearNew contract, September 2020: AED 37,000 a yearRenewal, September 2022: AED 44,000 a yearRenewal, September 2023: AED 48,000 a yearRenewal, September 2025: AED 58,440 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 1704 sits

All 273 studios →

1704 last sold in November 2018 at AED 1,927 per sqft, 4% below what studios in Majestine Allure were fetching at the time (AED 2,001). 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. 1704's AED 58,440 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 17th floor

All 497 units in Majestine Allure
Value
1701StudioAED 1.1M · Aug 2015
1702StudioAED 1M · Oct 2015
1703StudioAED 862K · Jan 2023
1705StudioAED 690K · Apr 2023
1706StudioAED 1.03M · Jul 2017
17071-bedAED 1.28M · Mar 2023
1708AED 1.33M · Nov 2025
1–7 of 34

1704, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 13 November 2018 for AED 1,102,500, or AED 1,927 per sqft.
  • Rented since April 2019 on 6 Ejari contracts. The rent fell from AED 60,000 to AED 37,000 in 2020 and recovered to AED 58,440 by September 2025.
  • At AED 58,440 a year the gross yield on the 2018 price is 5.3%.
  • 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 15 September 2025.

Questions about 1704, Majestine Allure

What did unit 1704 last sell for?

AED 1,102,500 on 13 November 2018, sold by the developer: AED 1,927 per sqft for 572 sqft. It is the only registered sale of the unit.

What is the rent for unit 1704?

AED 58,440 a year on the contract renewed on 15 September 2025. The previous contract, from September 2023, was AED 48,000; the unit has been rented since April 2019.

How big is unit 1704?

572 sqft (53.1 sqm): a studio on the 17th floor of a 19-storey tower completed in 2018.

What is unit 1704 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 1704, Majestine Allure

Starts from the last sale price (AED 1.1M, 13 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,102,500
Deposit, UAE resident (20%)
AED 220,500
Deposit, non-resident (40%)
AED 441,000
Monthly over 25 years at 3.7%
AED 4,511

Plus AED 51,315 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →