1-bed · 920 sqftMajestine Allure, Business Bay · 18th floor · completed 2018

1811, Majestine Allure

Sold prices and rental history: sold 3 times, last in March 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1811 · DLD and Ejari recordsUpdated 16 March 2023
Last soldAED 1.24M16 March 2023
Current rentAED 55K /yr28 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1811, Majestine Allure

What is 1811 worth today?

Last sold for AED 1,240,000 in 2023

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16 Mar 2023SoldReady
AED 1,240,000AED 1,347 per sqft
28 Nov 2021RentedNew contract
AED 55,000/yr12 months · AED 60 per sqft
2 May 2021SoldReady
AED 835,000AED 907 per sqft
1 Oct 2020RentedNew contract
AED 55,000/yr12 months · AED 60 per sqft
1 Feb 2019RentedNew contract
AED 85,000/yr12 months · AED 92 per sqft
31 Jul 2016Sold by developerOff-plan
AED 1,803,100AED 1,959 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 March 2023.

Key facts

Type
1-bed apartment
Size
920 sqft
Floor
18th of 19
Parking
P3-122
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.24M · March 2023

About 1811, Majestine Allure

1811 is a one-bedroom apartment of 920 sqft on the 18th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 16 March 2023 for AED 1,240,000, or AED 1,347 per sqft, 26% below the AED 1,827 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 28 November 2021, is AED 55,000 a year: a gross yield of 4.4% on the 2023 price.

Sales and rents for 1811 over time

Sales
Unit 1811, 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, July 2016: AED 1,803,100 (AED 1,959 per sqft)Sold, May 2021: AED 835,000 (AED 907 per sqft)Sold, March 2023: AED 1,240,000 (AED 1,347 per sqft)

1811 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1811, 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, February 2019: AED 85,000 a yearNew contract, October 2020: AED 55,000 a yearNew contract, November 2021: AED 55,000 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 1811 sits

All 142 1-beds →

1811 last sold in March 2023 at AED 1,347 per sqft, 26% below what one-beds in Majestine Allure were fetching at the time (AED 1,827). 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. 1811's AED 55,000 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

1811, Majestine Allure in numbers

  • Sold 3 times: first on 31 July 2016 for AED 1,803,100, last on 16 March 2023 for AED 1,240,000 (AED 1,347 per sqft).
  • Rented since February 2019 on 3 Ejari contracts, from AED 85,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2023 price is 4.4%.
  • 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 16 March 2023.

Questions about 1811, Majestine Allure

What did unit 1811 last sell for?

AED 1,240,000 on 16 March 2023: AED 1,347 per sqft for 920 sqft. The unit has 3 registered sales; the first was AED 1,803,100 in July 2016.

What is the rent for unit 1811?

AED 55,000 a year on the contract signed on 28 November 2021. The previous contract, from October 2020, was AED 55,000; the unit has been rented since February 2019.

How big is unit 1811?

920 sqft (85.5 sqm): a one-bedroom apartment on the 18th floor of a 19-storey tower completed in 2018.

What is unit 1811 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 1811, Majestine Allure

Starts from the last sale price (AED 1.24M, 16 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,240,000
Deposit, UAE resident (20%)
AED 248,000
Deposit, non-resident (40%)
AED 496,000
Monthly over 25 years at 3.7%
AED 5,073

Plus AED 57,090 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →