3-bed · 1,421 sqftMajestine Allure, Business Bay · 5th floor · completed 2018

515, Majestine Allure

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in November 2021, and rented once, from December 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 8 December 2022

Last soldAED 2M17 November 2021

Current rentAED 163K /yr8 December 2022

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 515, Majestine Allure

Today

What is 515 worth today?

Last sold for AED 1,998,000 in 2021

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8 Dec 2022

8 Dec 2022RentedNew contract

AED 163,000/yr12 months · AED 115 per sqft

17 Nov 2021

17 Nov 2021Sold by developerReady

AED 1,998,000AED 1,406 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 December 2022.

Key facts

Type: 3-bed apartment
Size: 1,421 sqft
Floor: 5th of 19
Parking: P1-85, P1-90
Developer: Business Tower Investment
Completed: 2018
Last sold: AED 2M · November 2021
Building: Majestine Allure

About 515, Majestine Allure

515 is a three-bedroom apartment of 1,421 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 17 November 2021 for AED 1,998,000, or AED 1,406 per sqft.

One Ejari contract is registered, from 8 December 2022. The current contract, signed on 8 December 2022, is AED 163,000 a year: a gross yield of 8.2% on the 2021 price.

Sales and rents for 515 over time

Sales

Unit 515, each saleTypical three-bed in Majestine Allure

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

Rents

Unit 515, each contractTypical three-bed in Majestine Allure

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

3-beds in Majestine Allure, and where 515 sits

All 20 3-beds →

3-beds in Majestine Allure · last 12 months1,689 /sqft Majestine Allure · all types1,702 /sqft

Over the last 12 months three-beds sold for AED 2,400,000, around AED 1,689 per sqft, and rent for AED 160,000 to 160,000 a year.

Recent 3-bed sales	Size	Price (AED)	Per sqft
15 Jan 202515 January 2025	1,420 sqft	2,428,000	1,709
16 Dec 202416 December 2024	1,794 sqft	2,500,000	1,393
11 Dec 202411 December 2024	1,420 sqft	2,500,000	1,760
14 Jun 202214 June 2022	1,420 sqft	1,865,000	1,313

1 3-bed sale 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


501	Studio	499 sqft	AED 935KAED 934,920 · Oct 2023October 2023
502	Studio	474 sqft	AED 850KAED 850,000 · Jun 2025June 2025	62,000 /yr
503	Studio	459 sqft	AED 765KAED 765,000 · Nov 2023November 2023	70,000 /yr
504	Studio	572 sqft	AED 793KAED 793,380 · Apr 2022April 2022	96,000 /yr
505	2-bed	1,500 sqft	AED 2.52MAED 2,515,600 · Aug 2014August 2014	133,000 /yr
506	Studio	472 sqft	AED 1.03MAED 1,026,000 · May 2017May 2017	65,000 /yr
507	1-bed	978 sqft	AED 1.96MAED 1,962,700 · Dec 2014December 2014	110,000 /yr
508	1-bed	890 sqft	AED 1.63MAED 1,633,000 · Nov 2023November 2023	95,000 /yr
509	Studio	617 sqft	AED 1.26MAED 1,260,000 · Sep 2015September 2015	67,000 /yr
510	2-bed	1,242 sqft	AED 2.56MAED 2,558,000 · Oct 2015October 2015	137,000 /yr
511	Studio	461 sqft	AED 1MAED 1,000,350 · Sep 2015September 2015	60,000 /yr
512	Studio	475 sqft	AED 1.04MAED 1,042,150 · Dec 2017December 2017	65,000 /yr
513	Studio	447 sqft	AED 800KAED 800,000 · Dec 2025December 2025	75,000 /yr
514	2-bed	1,068 sqft	AED 2.14MAED 2,137,500 · Oct 2015October 2015	130,000 /yr
516	Studio	430 sqft	AED 770KAED 770,000 · Apr 2024April 2024
517	Studio	481 sqft	AED 730KAED 730,000 · Jul 2023July 2023	65,000 /yr
518	Studio	480 sqft	AED 610KAED 610,000 · Oct 2019October 2019	65,000 /yr
519	Studio	481 sqft	AED 835KAED 835,000 · Mar 2024March 2024	41,400 /yr
520	1-bed	896 sqft	AED 1.71MAED 1,711,900 · Aug 2015August 2015	70,000 /yr
501A	Studio	497 sqft	AED 785KAED 785,000 · Jan 2024January 2024	88,000 /yr
502A	1-bed	853 sqft	AED 1.6MAED 1,604,550 · Dec 2014December 2014	100,000 /yr
503A	Studio	453 sqft	AED 992KAED 991,800 · Oct 2015October 2015	57,000 /yr
503B	1-bed	820 sqft	AED 1.59MAED 1,593,000 · Jul 2016July 2016	95,000 /yr
504A	1-bed	1,034 sqft	AED 1.93MAED 1,927,000 · Jul 2019July 2019	100,000 /yr
506a	1-bed	886 sqft	AED 1.58MAED 1,580,712 · May 2018May 2018	105,000 /yr
511A	Studio	461 sqft	AED 528KAED 528,000 · Mar 2022March 2022	63,000 /yr
512A	Studio	457 sqft	AED 1.04MAED 1,044,050 · Dec 2014December 2014	65,000 /yr
513A	1-bed	894 sqft	AED 1.56MAED 1,556,000 · Jul 2018July 2018	77,143 /yr
513B	Studio	456 sqft	AED 490KAED 490,000 · Mar 2021March 2021	90,000 /yr
516A	Studio	480 sqft	AED 555KAED 555,000 · Apr 2022April 2022	65,000 /yr
517A	Studio	478 sqft	AED 1MAED 1,000,350 · Sep 2015September 2015	60,500 /yr
518A	Studio	479 sqft	AED 1MAED 1,002,250 · Dec 2014December 2014	65,000 /yr
519A	Studio	467 sqft	AED 988KAED 988,000 · Aug 2015August 2015	65,000 /yr

1–7 of 33

515, Majestine Allure in numbers

Sold once: by Business Tower Investment on 17 November 2021 for AED 1,998,000, or AED 1,406 per sqft.
Rented since December 2022 on one Ejari contract, at AED 163,000 a year.
At AED 163,000 a year the gross yield on the 2021 price is 8.2%.
Three-beds in Majestine Allure sold for AED 2,400,000–2,400,000 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 8 December 2022.

Questions about 515, Majestine Allure

What did unit 515 last sell for?

AED 1,998,000 on 17 November 2021, sold by the developer: AED 1,406 per sqft for 1,421 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 163,000 a year on the contract signed on 8 December 2022.

How big is unit 515?

1,421 sqft (132.0 sqm): a three-bedroom apartment on the 5th floor of a 19-storey tower completed in 2018.

What is unit 515 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Majestine Allure sold for AED 2,400,000 to 2,400,000 in the last 12 months, around AED 1,689 per sqft.

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Mortgage on 515, Majestine Allure

Starts from the last sale price (AED 2M, 17 November 2021). Switch to today's estimate once you have unlocked it.

Price: AED 1,998,000
Deposit, UAE resident (20%): AED 399,600
Deposit, non-resident (40%): AED 799,200
Monthly over 25 years at 3.7%: AED 8,174

Plus AED 88,926 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →