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Studio · 617 sqftMajestine Allure, Business Bay · 7th floor · completed 2018

709, Majestine Allure

Sold prices and rental history: sold twice, last in October 2023, and rented once, from April 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 25 October 2023
Last soldAED 970K25 October 2023
Current rentAED 55K /yr29 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 709, Majestine Allure

What is 709 worth today?

Last sold for AED 970,000 in 2023

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25 Oct 2023SoldReady
AED 970,000AED 1,573 per sqft
29 Apr 2023RentedRenewal
AED 55,000/yr12 months · AED 90 per sqft
7 Apr 2022Sold by developerReady
AED 858,480AED 1,392 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 October 2023.

Key facts

Type
Studio apartment
Size
617 sqft
Floor
7th of 19
Parking
nan
Developer
Business Tower Investment
Completed
2018
Last sold
AED 970K · October 2023
Building
Majestine Allure

About 709, Majestine Allure

709 is a studio of 617 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 25 October 2023 for AED 970,000, or AED 1,573 per sqft, in line with the AED 1,573 studios in the building were fetching at the time.

One Ejari contract is registered, from 29 April 2023. The current contract, renewed on 29 April 2023, is AED 55,000 a year: a gross yield of 5.7% on the 2023 price.

Sales and rents for 709 over time

Sales
Unit 709, each saleTypical studio in Majestine Allure
500K1M2014201820222026Typical sale price by year: 2014 AED 1,012,700; 2015 AED 1,008,900; 2016 AED 1,021,725; 2017 AED 1,059,250; 2018 AED 979,976; 2019 AED 931,000; 2020 AED 490,000; 2021 AED 630,000; 2022 AED 650,000; 2023 AED 770,000; 2024 AED 820,000; 2025 AED 840,000; 2026 AED 830,000Sold by developer, April 2022: AED 858,480 (AED 1,392 per sqft)Sold, October 2023: AED 970,000 (AED 1,573 per sqft)

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

Rents
Unit 709, each contractTypical studio in Majestine Allure
40K60K20192021202320252027Typical rent by year: 2019 AED 50,000; 2020 AED 40,000; 2021 AED 40,000; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 65,000; 2025 AED 65,000; 2026 AED 70,000Renewal, April 2023: AED 55,000 a year

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 709 sits

All 273 studios →

709 last sold in October 2023 at AED 1,573 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 1,573). 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. 709's AED 55,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Feb 2026814,000
29 Jan 2026830,000
27 Jan 2026860,000
27 Jan 2026820,000
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. 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 7th floor

All 497 units in Majestine Allure
Value
701StudioAED 1.09M · Jul 2015
702StudioAED 969K · Jun 2018
703StudioAED 1.05M · Oct 2015
704StudioAED 950K · Jul 2025
705StudioAED 1.01M · May 2025
706StudioAED 1.03M · Feb 2017
7071-bedAED 1.77M · Aug 2014
1–7 of 33

709, Majestine Allure in numbers

  • Sold twice: first on 7 April 2022 for AED 858,480, last on 25 October 2023 for AED 970,000 (AED 1,573 per sqft).
  • Rented since April 2023 on one Ejari contract, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2023 price is 5.7%.
  • 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 1,702 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 25 October 2023.

Questions about 709, Majestine Allure

What did unit 709 last sell for?

AED 970,000 on 25 October 2023: AED 1,573 per sqft for 617 sqft. The unit has 2 registered sales; the first was AED 858,480 in April 2022.

What is the rent for unit 709?

AED 55,000 a year on the contract renewed on 29 April 2023.

How big is unit 709?

617 sqft (57.3 sqm): a studio on the 7th floor of a 19-storey tower completed in 2018.

What is unit 709 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 709, Majestine Allure

Starts from the last sale price (AED 970K, 25 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 970,000
Deposit, UAE resident (20%)
AED 194,000
Deposit, non-resident (40%)
AED 388,000
Monthly over 25 years at 3.7%
AED 3,969

Plus AED 45,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →