Studio · 456 sqftMajestine Allure, Business Bay · 17th floor · completed 2018

1713B, Majestine Allure

Sold prices and rental history: sold once, by the developer in September 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1713B · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 1.01M29 September 2015
Current rentAED 75K /yr25 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1713B, Majestine Allure

What is 1713B worth today?

Last sold for AED 1,008,900 in 2015

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25 Mar 2024RentedRenewal
AED 75,000/yr12 months · AED 165 per sqft
25 Mar 2023RentedNew contract
AED 70,000/yr12 months · AED 154 per sqft
15 Mar 2022RentedNew contract
AED 58,000/yr12 months · AED 127 per sqft
25 Jan 2021RentedNew contract
AED 47,000/yr12 months · AED 103 per sqft
1 Jul 2020RentedNew contract
AED 55,000/yr12 months · AED 121 per sqft
10 Apr 2019RentedNew contract
AED 58,000/yr12 months · AED 127 per sqft
29 Sep 2015Sold by developerOff-plan
AED 1,008,900AED 2,214 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 March 2024.

Key facts

Type
Studio apartment
Size
456 sqft
Floor
17th of 19
Parking
P3-85
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.01M · September 2015

About 1713B, Majestine Allure

1713B is a studio of 456 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 29 September 2015 for AED 1,008,900, or AED 2,214 per sqft, in line with the AED 2,158 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 25 March 2024, is AED 75,000 a year: a gross yield of 7.4% on the 2015 price.

Sales and rents for 1713B over time

Sales
Unit 1713B, 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, September 2015: AED 1,008,900 (AED 2,214 per sqft)

1713B has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1713B, each contractTypical studio in Majestine Allure
40K60K80K20192021202320252027Typical 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 58,000 a yearNew contract, July 2020: AED 55,000 a yearNew contract, January 2021: AED 47,000 a yearNew contract, March 2022: AED 58,000 a yearNew contract, March 2023: AED 70,000 a yearRenewal, March 2024: AED 75,000 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 1713B sits

All 273 studios →

1713B last sold in September 2015 at AED 2,214 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 2,158). 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. 1713B's AED 75,000 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
1704StudioAED 1.1M · Nov 2018
1705StudioAED 690K · Apr 2023
1706StudioAED 1.03M · Jul 2017
17071-bedAED 1.28M · Mar 2023
1–7 of 34

1713B, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 29 September 2015 for AED 1,008,900, or AED 2,214 per sqft.
  • Rented since April 2019 on 6 Ejari contracts. The rent fell from AED 58,000 to AED 47,000 in 2021 and recovered to AED 75,000 by March 2024.
  • At AED 75,000 a year the gross yield on the 2015 price is 7.4%.
  • 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 25 March 2024.

Questions about 1713B, Majestine Allure

What did unit 1713B last sell for?

AED 1,008,900 on 29 September 2015, sold by the developer: AED 2,214 per sqft for 456 sqft. It is the only registered sale of the unit.

What is the rent for unit 1713B?

AED 75,000 a year on the contract renewed on 25 March 2024. The previous contract, from March 2023, was AED 70,000; the unit has been rented since April 2019.

How big is unit 1713B?

456 sqft (42.4 sqm): a studio on the 17th floor of a 19-storey tower completed in 2018.

What is unit 1713B 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 1713B, Majestine Allure

Starts from the last sale price (AED 1.01M, 29 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,008,900
Deposit, UAE resident (20%)
AED 201,780
Deposit, non-resident (40%)
AED 403,560
Monthly over 25 years at 3.7%
AED 4,128

Plus AED 47,384 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →