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1-bed · 963 sqftMajestine Allure, Business Bay · 18th floor · completed 2018

1803A, Majestine Allure

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

Unit 1803A · DLD and Ejari recordsUpdated 20 September 2022
Last soldAED 1.66M25 November 2018
Current rentAED 70K /yr20 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1803A, Majestine Allure

What is 1803A worth today?

Last sold for AED 1,660,000 in 2018

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20 Sep 2022RentedNew contract
AED 70,000/yr12 months · AED 72 per sqft
25 Sep 2021RentedRenewal
AED 70,000/yr6 months · AED 72 per sqft
25 Sep 2019RentedNew contract
AED 77,000/yr12 months · AED 79 per sqft
25 Nov 2018Sold by developerReady
AED 1,660,000AED 1,723 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 September 2022.

Key facts

Type
1-bed apartment
Size
963 sqft
Floor
18th of 19
Parking
P3-116
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.66M · November 2018
Building
Majestine Allure

About 1803A, Majestine Allure

1803A is a one-bedroom apartment of 963 sqft on the 18th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 25 November 2018 for AED 1,660,000, or AED 1,723 per sqft, in line with the AED 1,741 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 20 September 2022, is AED 70,000 a year: a gross yield of 4.2% on the 2018 price.

Sales and rents for 1803A over time

Sales
Unit 1803A, each saleTypical one-bed in Majestine Allure
1M1.5M20142017202020232026Typical sale price by year: 2014 AED 1,784,100; 2015 AED 1,730,900; 2016 AED 1,719,000; 2017 AED 1,517,000; 2018 AED 1,553,310; 2019 AED 1,696,500; 2021 AED 950,000; 2022 AED 1,295,000; 2023 AED 1,658,000; 2024 AED 1,320,000; 2025 AED 1,250,000Sold by developer, November 2018: AED 1,660,000 (AED 1,723 per sqft)

1803A has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1803A, each contractTypical one-bed in Majestine Allure
60K80K100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 63,750; 2021 AED 65,000; 2022 AED 75,000; 2023 AED 88,000; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 96,500New contract, September 2019: AED 77,000 a yearRenewal, September 2021: AED 70,000 a yearNew contract, September 2022: AED 70,000 a year

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

1-beds in Majestine Allure, and where 1803A sits

All 142 1-beds →

1803A last sold in November 2018 at AED 1,723 per sqft, in line with what one-beds in Majestine Allure were fetching at the time (AED 1,741). Over the last 12 months one-beds sold for AED 1,330,000 to 1,350,000, around AED 1,502 per sqft, and rent for AED 84,000 to 120,000 a year. 1803A's AED 70,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jan 20261,350,000
24 Jul 20251,180,000
22 Jul 20251,275,000
16 Jul 20251,250,000
2 1-bed 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. 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 18th floor

All 497 units in Majestine Allure
Value
18011-bedAED 1.89M · Oct 2015
1802StudioAED 959K · Jul 2016
18031-bedAED 1.6M · Nov 2019
18043-bedAED 3.22M · Nov 2019
18051-bedAED 1.77M · Dec 2022
18061-bedAED 1.87M · Oct 2015
18071-bedAED 1.85M · Oct 2015
1–7 of 22

1803A, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 25 November 2018 for AED 1,660,000, or AED 1,723 per sqft.
  • Rented since September 2019 on 3 Ejari contracts, from AED 77,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2018 price is 4.2%.
  • One-beds in Majestine Allure sold for AED 1,330,000–1,350,000 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 September 2022.

Questions about 1803A, Majestine Allure

What did unit 1803A last sell for?

AED 1,660,000 on 25 November 2018, sold by the developer: AED 1,723 per sqft for 963 sqft. It is the only registered sale of the unit.

What is the rent for unit 1803A?

AED 70,000 a year on the contract signed on 20 September 2022. The previous contract, from September 2021, was AED 70,000; the unit has been rented since September 2019.

How big is unit 1803A?

963 sqft (89.5 sqm): a one-bedroom apartment on the 18th floor of a 19-storey tower completed in 2018.

What is unit 1803A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Majestine Allure sold for AED 1,330,000 to 1,350,000 in the last 12 months, around AED 1,502 per sqft.

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Mortgage on 1803A, Majestine Allure

Starts from the last sale price (AED 1.66M, 25 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,660,000
Deposit, UAE resident (20%)
AED 332,000
Deposit, non-resident (40%)
AED 664,000
Monthly over 25 years at 3.7%
AED 6,792

Plus AED 74,730 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →