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3-bed · 2,057 sqftAl Majara Tower 1, Dubai Marina · 13th floor · completed 2006

1302, Al Majara Tower 1

Sold prices and rental history: sold twice, last in June 2013, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1302 · DLD and Ejari recordsUpdated 15 September 2024
Last soldAED 2.9M30 June 2013
Current rentAED 250K /yr15 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1302, Al Majara Tower 1

What is 1302 worth today?

Last sold for AED 2,900,000 in 2013

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15 Sep 2024RentedNew contract
AED 250,000/yr12 months · AED 122 per sqft
7 May 2023RentedRenewal
AED 228,000/yr12 months · AED 111 per sqft
7 May 2022RentedNew contract
AED 215,000/yr12 months · AED 105 per sqft
30 Jun 2013SoldReady
AED 2,900,000AED 1,409 per sqft
12 Oct 2009Sold by developerReady
AED 813,000AED 395 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2024.

Key facts

Type
3-bed apartment
Size
2,057 sqft
Floor
13th of 28
Parking
293 , 294
Developer
Emaar
Completed
2006
Service charge
AED 31,100 /yr
Last sold
AED 2.9M · June 2013
Building
Al Majara Tower 1

About 1302, Al Majara Tower 1

1302 is a three-bedroom apartment of 2,057 sqft on the 13th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 30 June 2013 for AED 2,900,000, or AED 1,409 per sqft, 17% above the AED 1,204 three-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 15 September 2024, is AED 250,000 a year: a gross yield of 8.6% on the 2013 price, before the service charge of about AED 31,100 a year.

Sales and rents for 1302 over time

Sales
Unit 1302, each saleTypical three-bed in Al Majara Tower 1
2M20082011201420172020Typical sale price by year: 2008 AED 1,739,750; 2009 AED 1,750,000; 2010 AED 1,900,000; 2011 AED 1,680,000; 2012 AED 2,145,500; 2013 AED 2,740,000; 2015 AED 3,300,000; 2016 AED 2,750,000; 2017 AED 1,430,000; 2019 AED 2,217,900Sold by developer, October 2009: AED 813,000 (AED 395 per sqft)Sold, June 2013: AED 2,900,000 (AED 1,409 per sqft)

1302 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1302, each contractTypical three-bed in Al Majara Tower 1
150K200K250K2012201620202024Typical rent by year: 2012 AED 162,500; 2013 AED 170,000; 2014 AED 240,000; 2015 AED 245,000; 2016 AED 223,500; 2017 AED 215,000; 2018 AED 215,000; 2019 AED 174,565; 2020 AED 153,502; 2021 AED 159,500; 2022 AED 180,000; 2023 AED 205,000; 2024 AED 225,000; 2025 AED 230,000New contract, May 2022: AED 215,000 a yearRenewal, May 2023: AED 228,000 a yearNew contract, September 2024: AED 250,000 a year

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 1302 sits

All 35 3-beds →

1302 last sold in June 2013 at AED 1,409 per sqft, 17% above what three-beds in Al Majara Tower 1 were fetching at the time (AED 1,204). 1302's AED 250,000 is at the top of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
14 Feb 20254,300,000
9 Jan 20253,950,000
18 Sep 20243,570,000
19 Mar 20244,000,000
0 3-bed sales in the last 12 months

Al Majara Tower 1

Building

188 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%
Al Majara Tower 1, Dubai Marina: prices, sales and rents →

Other units on the 13th floor

All 188 units in Al Majara Tower 1
Value
13011-bedAED 815K · Dec 2013
13032-bedAED 1.6M · Apr 2011
13042-bedAED 2.1M · Jul 2013
13051-bedAED 820K · Jul 2010
13061-bedAED 1.2M · Aug 2013
13072-bedAED 2.3M · Oct 2024

1302, Al Majara Tower 1 in numbers

  • Sold twice: first on 12 October 2009 for AED 813,000, last on 30 June 2013 for AED 2,900,000 (AED 1,409 per sqft).
  • Rented since May 2022 on 3 Ejari contracts, from AED 215,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2013 price is 8.6%, before a service charge of about AED 31,100 a year (AED 15.11 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2024.

Questions about 1302, Al Majara Tower 1

What did unit 1302 last sell for?

AED 2,900,000 on 30 June 2013: AED 1,409 per sqft for 2,057 sqft. The unit has 2 registered sales; the first was AED 813,000 in October 2009.

What is the rent for unit 1302?

AED 250,000 a year on the contract signed on 15 September 2024. The previous contract, from May 2023, was AED 228,000; the unit has been rented since May 2022.

How big is unit 1302?

2,057 sqft (191.1 sqm): a three-bedroom apartment on the 13th floor of a 28-storey tower completed in 2006.

What is unit 1302 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 1302, Al Majara Tower 1

Starts from the last sale price (AED 2.9M, 30 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

Plus AED 126,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →