102, Al Majara Tower 1
Sold prices and rental history: sold once, by the developer in October 2008, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 102, Al Majara Tower 1
What is 102 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 14 May 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,643 sqft
- Floor
- 1st of 28
- Parking
- 525 , 526
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 24,800 /yr
- Last sold
- AED 1.05M · October 2008
- Building
- Al Majara Tower 1
About 102, Al Majara Tower 1
102 is a three-bedroom apartment of 1,643 sqft on the 1st floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 30 October 2008 for AED 1,050,000, or AED 639 per sqft, 24% below the AED 846 three-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 14 May 2024, is AED 166,000 a year: a gross yield of 15.8% on the 2008 price, before the service charge of about AED 24,800 a year.
Sales and rents for 102 over time
102 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Al Majara Tower 1, and where 102 sits
All 35 3-beds →102 last sold in October 2008 at AED 639 per sqft, 24% below what three-beds in Al Majara Tower 1 were fetching at the time (AED 846). 102's AED 166,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Feb 202514 February 2025 | 2,057 sqft | 4,300,000 | 2,090 | ||
| 9 Jan 20259 January 2025 | 2,057 sqft | 3,950,000 | 1,920 | ||
| 18 Sep 202418 September 2024 | 2,057 sqft | 3,570,000 | 1,735 | ||
| 19 Mar 202419 March 2024 | 2,287 sqft | 4,000,000 | 1,749 |
Al Majara Tower 1
Building188 apartments, 1-bed to 3-bed over 28 floors in Dubai Marina, completed in 2006 by Emaar. 2 sold in the last 12 months.
- Typical price per sqft
- AED 1,934
- Typical sale
- AED 2.4M
- Typical rent
- AED 130K /yr
- Typical yield
- 5.7%
Other units on the 1st floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 103 | 3-bed | 1,410 sqft | AED 1.15MAED 1,150,888 · Mar 2011March 2011 | 130,000 /yr | |
| 104 | 2-bed | 1,324 sqft | AED 860KAED 860,000 · Feb 2011February 2011 | 15,000 /yr | |
| 105 | 1-bed | 929 sqft | AED 900KAED 900,000 · May 2021May 2021 | 76,408 /yr | |
| 106 | 1-bed | 800 sqft | AED 875KAED 875,000 · Jul 2012July 2012 | 97,650 /yr | |
| 107 | 2-bed | 1,338 sqft | AED 2.2MAED 2,200,000 · Jun 2014June 2014 | 135,000 /yr |
102, Al Majara Tower 1 in numbers
- Sold once: by Emaar on 30 October 2008 for AED 1,050,000, or AED 639 per sqft.
- Rented since January 2015 on 9 Ejari contracts. The rent fell from AED 175,000 to AED 100,000 in 2020 and recovered to AED 166,000 by May 2024.
- At AED 166,000 a year the gross yield on the 2008 price is 15.8%, before a service charge of about AED 24,800 a year (AED 15.11 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 14 May 2024.
Questions about 102, Al Majara Tower 1
What did unit 102 last sell for?
AED 1,050,000 on 30 October 2008, sold by the developer: AED 639 per sqft for 1,643 sqft. It is the only registered sale of the unit.
What is the rent for unit 102?
AED 166,000 a year on the contract renewed on 14 May 2024. The previous contract, from May 2023, was AED 140,000; the unit has been rented since January 2015.
How big is unit 102?
1,643 sqft (152.6 sqm): a three-bedroom apartment on the 1st floor of a 28-storey tower completed in 2006.
What is unit 102 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 102, Al Majara Tower 1
Starts from the last sale price (AED 1.05M, 30 October 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus AED 49,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →