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2-bed · 1,222 sqftMajestine Allure, Business Bay · 4th floor · completed 2018

409, Majestine Allure

Sold prices and rental history: sold twice, last in January 2025, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 22 January 2025
Last soldAED 1.73M22 January 2025
Current rentAED 130K /yr24 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Majestine Allure

What is 409 worth today?

Last sold for AED 1,730,000 in 2025

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22 Jan 2025SoldReady
AED 1,730,000AED 1,416 per sqft
24 Oct 2023RentedNew contract
AED 130,000/yr12 months · AED 107 per sqft
5 Oct 2022RentedNew contract
AED 100,000/yr12 months · AED 82 per sqft
23 Feb 2021RentedNew contract
AED 80,000/yr12 months · AED 66 per sqft
17 Oct 2018Sold by developerOff-plan
AED 2,181,900AED 1,786 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 January 2025.

Key facts

Type
2-bed apartment
Size
1,222 sqft
Floor
4th of 19
Parking
G-13
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.73M · January 2025
Building
Majestine Allure

About 409, Majestine Allure

409 is a two-bedroom apartment of 1,222 sqft on the 4th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 22 January 2025 for AED 1,730,000, or AED 1,416 per sqft, in line with the AED 1,436 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 24 October 2023, is AED 130,000 a year: a gross yield of 7.5% on the 2025 price.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical two-bed in Majestine Allure
1.5M2M2.5M20142017202020232026Typical sale price by year: 2014 AED 2,455,275; 2015 AED 2,444,350; 2018 AED 1,922,550; 2022 AED 1,613,740; 2023 AED 2,125,000; 2024 AED 1,805,500; 2025 AED 1,765,000Sold by developer, October 2018: AED 2,181,900 (AED 1,786 per sqft)Sold, January 2025: AED 1,730,000 (AED 1,416 per sqft)

409 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 409, each contractTypical two-bed in Majestine Allure
75K100K125K20192021202320252027Typical rent by year: 2019 AED 100,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 100,000; 2023 AED 120,000; 2024 AED 130,000; 2025 AED 134,000; 2026 AED 135,000New contract, February 2021: AED 80,000 a yearNew contract, October 2022: AED 100,000 a yearNew contract, October 2023: AED 130,000 a year

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

2-beds in Majestine Allure, and where 409 sits

All 43 2-beds →

409 last sold in January 2025 at AED 1,416 per sqft, in line with what two-beds in Majestine Allure were fetching at the time (AED 1,436). 409's AED 130,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jun 20251,981,400
28 May 20251,530,000
20 May 20251,800,000
9 Dec 20241,786,000
0 2-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 4th floor

All 497 units in Majestine Allure
Value
401StudioAED 1.3M · Jan 2019
402StudioAED 1.09M · May 2025
403StudioAED 1.21M · Oct 2019
404StudioAED 784K · Apr 2022
405StudioAED 925K · Nov 2018
4061-bedAED 1.72M · Jun 2019
4071-bedAED 1.88M · Jul 2016
1–7 of 28

409, Majestine Allure in numbers

  • Sold twice: first on 17 October 2018 for AED 2,181,900, last on 22 January 2025 for AED 1,730,000 (AED 1,416 per sqft).
  • Rented since February 2021 on 3 Ejari contracts, from AED 80,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2025 price is 7.5%.

Source: YallaValue analysis of Dubai Land Department records. Updated 22 January 2025.

Questions about 409, Majestine Allure

What did unit 409 last sell for?

AED 1,730,000 on 22 January 2025: AED 1,416 per sqft for 1,222 sqft. The unit has 2 registered sales; the first was AED 2,181,900 in October 2018.

What is the rent for unit 409?

AED 130,000 a year on the contract signed on 24 October 2023. The previous contract, from October 2022, was AED 100,000; the unit has been rented since February 2021.

How big is unit 409?

1,222 sqft (113.5 sqm): a two-bedroom apartment on the 4th floor of a 19-storey tower completed in 2018.

What is unit 409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 409, Majestine Allure

Starts from the last sale price (AED 1.73M, 22 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,730,000
Deposit, UAE resident (20%)
AED 346,000
Deposit, non-resident (40%)
AED 692,000
Monthly over 25 years at 3.7%
AED 7,078

Plus AED 77,670 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →