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2-bed · 1,068 sqftMajestine Allure, Business Bay · 5th floor · completed 2018

514, Majestine Allure

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 25 July 2025
Last soldAED 2.14M29 October 2015
Current rentAED 130K /yr25 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 514, Majestine Allure

What is 514 worth today?

Last sold for AED 2,137,500 in 2015

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25 Jul 2025RentedNew contract
AED 130,000/yr12 months · AED 122 per sqft
22 Aug 2024RentedNew contract
AED 113,000/yr12 months · AED 106 per sqft
4 Oct 2023RentedNew contract
AED 150,000/yr12 months · AED 141 per sqft
11 Aug 2022RentedNew contract
AED 96,000/yr12 months · AED 90 per sqft
23 Sep 2020RentedNew contract
AED 90,000/yr12 months · AED 84 per sqft
29 Oct 2015Sold by developerOff-plan
AED 2,137,500AED 2,000 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 July 2025.

Key facts

Type
2-bed hotel apartment
Size
1,068 sqft
Floor
5th of 19
Parking
P1-23
Developer
Business Tower Investment
Completed
2018
Last sold
AED 2.14M · October 2015
Building
Majestine Allure

About 514, Majestine Allure

514 is a two-bedroom hotel apartment of 1,068 sqft on the 5th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 29 October 2015 for AED 2,137,500, or AED 2,000 per sqft, in line with the AED 1,981 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 25 July 2025, is AED 130,000 a year: a gross yield of 6.1% on the 2015 price.

Sales and rents for 514 over time

Sales
Unit 514, 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 2015: AED 2,137,500 (AED 2,000 per sqft)

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

Rents
Unit 514, each contractTypical two-bed in Majestine Allure
100K150K20192021202320252027Typical 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, September 2020: AED 90,000 a yearNew contract, August 2022: AED 96,000 a yearNew contract, October 2023: AED 150,000 a yearNew contract, August 2024: AED 113,000 a yearNew contract, July 2025: 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 514 sits

All 43 2-beds →

514 last sold in October 2015 at AED 2,000 per sqft, in line with what two-beds in Majestine Allure were fetching at the time (AED 1,981). 514'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
22 Jan 20251,730,000
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 5th floor

All 497 units in Majestine Allure
Value
501StudioAED 935K · Oct 2023
502StudioAED 850K · Jun 2025
503StudioAED 765K · Nov 2023
504StudioAED 793K · Apr 2022
5052-bedAED 2.52M · Aug 2014
506StudioAED 1.03M · May 2017
5071-bedAED 1.96M · Dec 2014
1–7 of 33

514, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 29 October 2015 for AED 2,137,500, or AED 2,000 per sqft.
  • Rented since September 2020 on 5 Ejari contracts, from AED 90,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2015 price is 6.1%.

Source: YallaValue analysis of Dubai Land Department records. Updated 25 July 2025.

Questions about 514, Majestine Allure

What did unit 514 last sell for?

AED 2,137,500 on 29 October 2015, sold by the developer: AED 2,000 per sqft for 1,068 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 130,000 a year on the contract signed on 25 July 2025. The previous contract, from August 2024, was AED 113,000; the unit has been rented since September 2020.

How big is unit 514?

1,068 sqft (99.2 sqm): a two-bedroom hotel apartment on the 5th floor of a 19-storey tower completed in 2018.

What is unit 514 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 514, Majestine Allure

Starts from the last sale price (AED 2.14M, 29 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,137,500
Deposit, UAE resident (20%)
AED 427,500
Deposit, non-resident (40%)
AED 855,000
Monthly over 25 years at 3.7%
AED 8,745

Plus AED 94,785 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →