Home
Dubai prices
About
Research
Studio · 479 sqftMajestine Allure, Business Bay · 7th floor · completed 2018

716A, Majestine Allure

Sold prices and rental history: sold once, by the developer in January 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 716A · DLD and Ejari recordsUpdated 22 July 2024
Last soldAED 942K29 January 2019
Current rentAED 60K /yr22 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 716A, Majestine Allure

What is 716A worth today?

Last sold for AED 942,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

22 Jul 2024RentedRenewal
AED 60,000/yr12 months · AED 125 per sqft
22 Jul 2023RentedNew contract
AED 60,000/yr12 months · AED 125 per sqft
20 May 2022RentedNew contract
AED 55,000/yr12 months · AED 114 per sqft
20 Sep 2020RentedNew contract
AED 50,000/yr12 months · AED 104 per sqft
29 Jan 2019Sold by developerReady
AED 942,000AED 1,964 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 July 2024.

Key facts

Type
Studio apartment
Size
479 sqft
Floor
7th of 19
Parking
nan
Developer
Business Tower Investment
Completed
2018
Last sold
AED 942K · January 2019
Building
Majestine Allure

About 716A, Majestine Allure

716A is a studio of 479 sqft on the 7th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 29 January 2019 for AED 942,000, or AED 1,964 per sqft, in line with the AED 1,943 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 22 July 2024, is AED 60,000 a year: a gross yield of 6.4% on the 2019 price.

Sales and rents for 716A over time

Sales
Unit 716A, 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, January 2019: AED 942,000 (AED 1,964 per sqft)

716A has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 716A, 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 70,000New contract, September 2020: AED 50,000 a yearNew contract, May 2022: AED 55,000 a yearNew contract, July 2023: AED 60,000 a yearRenewal, July 2024: AED 60,000 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 716A sits

All 273 studios →

716A last sold in January 2019 at AED 1,964 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 1,943). 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. 716A's AED 60,000 is in the lower half 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. 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
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

716A, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 29 January 2019 for AED 942,000, or AED 1,964 per sqft.
  • Rented since September 2020 on 4 Ejari contracts, from AED 50,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2019 price is 6.4%.
  • 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 22 July 2024.

Questions about 716A, Majestine Allure

What did unit 716A last sell for?

AED 942,000 on 29 January 2019, sold by the developer: AED 1,964 per sqft for 479 sqft. It is the only registered sale of the unit.

What is the rent for unit 716A?

AED 60,000 a year on the contract renewed on 22 July 2024. The previous contract, from July 2023, was AED 60,000; the unit has been rented since September 2020.

How big is unit 716A?

479 sqft (44.5 sqm): a studio on the 7th floor of a 19-storey tower completed in 2018.

What is unit 716A 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.

Selling 716A? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 716A, Majestine Allure

Starts from the last sale price (AED 942K, 29 January 2019). Switch to today's estimate once you have unlocked it.
Price
AED 942,000
Deposit, UAE resident (20%)
AED 188,400
Deposit, non-resident (40%)
AED 376,800
Monthly over 25 years at 3.7%
AED 3,854

Plus AED 44,574 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →