Studio · 227 sqftMajestine Allure, Business Bay · 7th floor · completed 2018

703A, 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 twice, last in February 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703A · DLD and Ejari recordsUpdated 1 August 2024

Last soldAED 242K14 February 2022

Current rentAED 49K /yr1 August 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 703A, Majestine Allure

Today

What is 703A worth today?

Last sold for AED 241,581 in 2022

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1 Aug 2024

1 Aug 2024RentedRenewal

AED 49,367/yr12 months · AED 109 per sqft

1 Aug 2022

1 Aug 2022RentedNew contract

AED 43,000/yr12 months · AED 95 per sqft

14 Feb 2022

14 Feb 2022SoldReady

AED 241,581AED 1,065 per sqft

1 Aug 2019

1 Aug 2019RentedNew contract

AED 45,000/yr12 months · AED 100 per sqft

29 Oct 2015

29 Oct 2015Sold by developerOff-plan

AED 991,800AED 2,187 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.

Key facts

Type: Studio hotel apartment
Size: 227 sqft
Floor: 7th of 19
Parking: P1-66
Developer: Business Tower Investment
Completed: 2018
Last sold: AED 242K · February 2022
Building: Majestine Allure

About 703A, Majestine Allure

703A is a studio of 227 sqft on the 7th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 14 February 2022 for AED 241,581, or AED 1,065 per sqft, 21% below the AED 1,356 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 49,367 a year: a gross yield of 20.4% on the 2022 price.

Sales and rents for 703A over time

Sales

Unit 703A, each saleTypical studio in Majestine Allure

703A has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 703A, each contractTypical studio in Majestine Allure

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

Studios in Majestine Allure, and where 703A sits

All 273 studios →

Studios in Majestine Allure · last 12 months1,761 /sqft Majestine Allure · all types1,715 /sqft

703A last sold in February 2022 at AED 1,065 per sqft, 21% below what studios in Majestine Allure were fetching at the time (AED 1,356). Over the last 12 months studios sold for AED 740,000 to 930,000, around AED 1,761 per sqft, and rent for AED 57,301 to 96,000 a year. 703A's AED 49,367 is at the bottom of that range.

Recent studio sales	Size	Price (AED)	Per sqft
1 Feb 20261 February 2026	474 sqft	814,000	1,715
29 Jan 202629 January 2026	479 sqft	830,000	1,733
27 Jan 202627 January 2026	478 sqft	860,000	1,797
27 Jan 202627 January 2026	456 sqft	820,000	1,799

8 studio 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 7th floor

All 497 units in Majestine Allure


701	Studio	499 sqft	AED 1.09MAED 1,092,500 · Jul 2015July 2015	65,000 /yr
702	Studio	474 sqft	AED 969KAED 969,150 · Jun 2018June 2018	60,000 /yr
703	Studio	459 sqft	AED 1.05MAED 1,054,500 · Oct 2015October 2015	67,000 /yr
704	Studio	572 sqft	AED 950KAED 950,000 · Jul 2025July 2025	90,000 /yr
705	Studio	489 sqft	AED 1.01MAED 1,005,000 · May 2025May 2025	48,000 /yr
706	Studio	472 sqft	AED 1.03MAED 1,026,000 · Feb 2017February 2017	62,825 /yr
707	1-bed	978 sqft	AED 1.77MAED 1,774,600 · Aug 2014August 2014	100,000 /yr
708	1-bed	890 sqft	AED 1.6MAED 1,604,260 · Apr 2023April 2023	104,000 /yr
709	Studio	617 sqft	AED 970KAED 970,000 · Oct 2023October 2023	55,000 /yr
710	2-bed	1,003 sqft	AED 2.43MAED 2,430,100 · Jan 2016January 2016	127,000 /yr
711	Studio	461 sqft	AED 1.04MAED 1,044,050 · Nov 2014November 2014	68,200 /yr
712	Studio	475 sqft	AED 1.04MAED 1,037,400 · Jan 2015January 2015	71,000 /yr
713	Studio	447 sqft	AED 770KAED 770,000 · Aug 2023August 2023	65,000 /yr
714	2-bed	1,068 sqft	AED 2.36MAED 2,356,000 · Aug 2014August 2014	115,000 /yr
715		1,420 sqft	AED 2.06MAED 2,060,000 · Aug 2025August 2025	160,000 /yr
716	Studio	430 sqft	AED 917KAED 916,750 · Feb 2016February 2016	52,000 /yr
717	1-bed	954 sqft	AED 2.08MAED 2,082,400 · Aug 2014August 2014	108,000 /yr
718	Studio	479 sqft	AED 830KAED 830,000 · Jan 2026January 2026	59,944 /yr
719	Studio	479 sqft	AED 1MAED 1,002,250 · Dec 2014December 2014	84,000 /yr
720	1-bed	896 sqft	AED 1.64MAED 1,637,580 · Feb 2023February 2023
701A	Studio	497 sqft	AED 718KAED 717,800 · Nov 2021November 2021
702A	1-bed	853 sqft	AED 1.6MAED 1,604,550 · Dec 2014December 2014	100,000 /yr
703B	1-bed	820 sqft	AED 1.57MAED 1,570,875 · Aug 2016August 2016	77,616 /yr
704A	1-bed	1,034 sqft	AED 1.93MAED 1,932,000 · Nov 2019November 2019	95,000 /yr
705A	1-bed	1,000 sqft	AED 1.78MAED 1,780,000 · May 2019May 2019	50,000 /yr
706A	1-bed	886 sqft	AED 1.56MAED 1,555,000 · Jan 2019January 2019	78,540 /yr
711A	Studio	461 sqft	AED 840KAED 840,000 · Sep 2024September 2024	70,000 /yr
712A	Studio	457 sqft	AED 948KAED 948,000 · Jul 2015July 2015	70,000 /yr
713A	1-bed	894 sqft	AED 1.53MAED 1,526,840 · Dec 2018December 2018	100,000 /yr
713B	Studio	456 sqft	AED 820KAED 820,000 · Jan 2026January 2026	72,000 /yr
716A	Studio	479 sqft	AED 942KAED 942,000 · Jan 2019January 2019	60,000 /yr
718A	Studio	479 sqft	AED 810KAED 810,000 · Oct 2024October 2024	60,000 /yr
719A	Studio	468 sqft	AED 1.02MAED 1,020,300 · Dec 2014December 2014	60,000 /yr

1–7 of 33

703A, Majestine Allure in numbers

Sold twice: first on 29 October 2015 for AED 991,800, last on 14 February 2022 for AED 241,581 (AED 1,065 per sqft).
Rented since August 2019 on 3 Ejari contracts, from AED 45,000 to AED 49,367 a year.
At AED 49,367 a year the gross yield on the 2022 price is 20.4%.
Studios in Majestine Allure sold for AED 740,000–930,000 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 1 August 2024.

Questions about 703A, Majestine Allure

What did unit 703A last sell for?

AED 241,581 on 14 February 2022: AED 1,065 per sqft for 227 sqft. The unit has 2 registered sales; the first was AED 991,800 in October 2015.

What is the rent for unit 703A?

AED 49,367 a year on the contract renewed on 1 August 2024. The previous contract, from August 2022, was AED 43,000; the unit has been rented since August 2019.

How big is unit 703A?

227 sqft (21.1 sqm): a studio on the 7th floor of a 19-storey tower completed in 2018.

What is unit 703A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Majestine Allure sold for AED 740,000 to 930,000 in the last 12 months, around AED 1,761 per sqft.

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Mortgage on 703A, Majestine Allure

Starts from the last sale price (AED 242K, 14 February 2022). Switch to today's estimate once you have unlocked it.

Price: AED 241,581
Deposit, UAE resident (20%): AED 48,316
Deposit, non-resident (40%): AED 96,632
Monthly over 25 years at 3.7%: AED 988

Plus AED 13,056 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →