1-bed · 953 sqftMajestine Allure, Business Bay · 18th floor · completed 2018

1818, Majestine Allure

Sold prices and rental history: sold once, by the developer in February 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1818 · DLD and Ejari recordsUpdated 13 February 2023
Last soldAED 1.81M13 February 2023
Current rentAED 80K /yr26 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1818, Majestine Allure

What is 1818 worth today?

Last sold for AED 1,806,000 in 2023

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13 Feb 2023Sold by developerReady
AED 1,806,000AED 1,894 per sqft
26 Dec 2021RentedNew contract
AED 80,000/yr12 months · AED 84 per sqft
7 Dec 2020RentedNew contract
AED 61,000/yr12 months · AED 64 per sqft
11 Sep 2019RentedNew contract
AED 72,000/yr12 months · AED 76 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 February 2023.

Key facts

Type
1-bed apartment
Size
953 sqft
Floor
18th of 19
Parking
P3-129
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.81M · February 2023

About 1818, Majestine Allure

1818 is a one-bedroom apartment of 953 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 13 February 2023 for AED 1,806,000, or AED 1,894 per sqft, 4% above the AED 1,826 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 26 December 2021, is AED 80,000 a year: a gross yield of 4.4% on the 2023 price.

Sales and rents for 1818 over time

Sales
Unit 1818, 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, February 2023: AED 1,806,000 (AED 1,894 per sqft)

1818 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1818, 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 72,000 a yearNew contract, December 2020: AED 61,000 a yearNew contract, December 2021: AED 80,000 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 1818 sits

All 142 1-beds →

1818 last sold in February 2023 at AED 1,894 per sqft, 4% above what one-beds in Majestine Allure were fetching at the time (AED 1,826). Over the last 12 months one-beds sold for AED 1,250,000 to 1,350,000, around AED 1,494 per sqft, and rent for AED 84,000 to 120,000 a year. 1818's AED 80,000 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
3 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. 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 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

1818, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 13 February 2023 for AED 1,806,000, or AED 1,894 per sqft.
  • Rented since September 2019 on 3 Ejari contracts. The rent fell from AED 72,000 to AED 61,000 in 2020 and recovered to AED 80,000 by December 2021.
  • At AED 80,000 a year the gross yield on the 2023 price is 4.4%.
  • One-beds in Majestine Allure sold for AED 1,250,000–1,350,000 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 13 February 2023.

Questions about 1818, Majestine Allure

What did unit 1818 last sell for?

AED 1,806,000 on 13 February 2023, sold by the developer: AED 1,894 per sqft for 953 sqft. It is the only registered sale of the unit.

What is the rent for unit 1818?

AED 80,000 a year on the contract signed on 26 December 2021. The previous contract, from December 2020, was AED 61,000; the unit has been rented since September 2019.

How big is unit 1818?

953 sqft (88.5 sqm): a one-bedroom apartment on the 18th floor of a 19-storey tower completed in 2018.

What is unit 1818 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 1,250,000 to 1,350,000 in the last 12 months, around AED 1,494 per sqft.

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Mortgage on 1818, Majestine Allure

Starts from the last sale price (AED 1.81M, 13 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,806,000
Deposit, UAE resident (20%)
AED 361,200
Deposit, non-resident (40%)
AED 722,400
Monthly over 25 years at 3.7%
AED 7,389

Plus AED 80,862 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →