1502, Al Majara Tower 1
Sold prices and rental history: sold twice, last in April 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Al Majara Tower 1
What is 1502 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 2 April 2019.
Key facts
- Type
- 3-bed apartment
- Size
- 2,057 sqft
- Floor
- 15th of 28
- Parking
- 297 , 298
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 31,100 /yr
- Last sold
- AED 2.14M · April 2019
- Building
- Al Majara Tower 1
About 1502, Al Majara Tower 1
1502 is a three-bedroom apartment of 2,057 sqft on the 15th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 2 April 2019 for AED 2,135,000, or AED 1,037 per sqft, 11% below the AED 1,166 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 20 April 2018, is AED 202,009 a year: a gross yield of 9.5% on the 2019 price, before the service charge of about AED 31,100 a year.
Sales and rents for 1502 over time
1502 has sold twice; 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 1502 sits
All 35 3-beds →1502 last sold in April 2019 at AED 1,037 per sqft, 11% below what three-beds in Al Majara Tower 1 were fetching at the time (AED 1,166). 1502's AED 202,009 is in the lower half 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 15th floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 951 sqft | AED 1.87MAED 1,865,000 · Jul 2025July 2025 | 105,000 /yr | |
| 1503 | 2-bed | 1,591 sqft | AED 2.9MAED 2,900,000 · Jul 2008July 2008 | 128,100 /yr | |
| 1504 | 2-bed | 1,324 sqft | AED 1.25MAED 1,250,000 · Oct 2011October 2011 | 127,050 /yr | |
| 1505 | 1-bed | 929 sqft | AED 1.6MAED 1,600,000 · May 2014May 2014 | 110,000 /yr | |
| 1506 | 1-bed | 841 sqft | AED 532KAED 532,000 · Mar 2015March 2015 | 84,000 /yr | |
| 1507 | 2-bed | 1,338 sqft | AED 477KAED 476,555 · Oct 2021October 2021 | 120,973 /yr |
1502, Al Majara Tower 1 in numbers
- Sold twice: first on 8 July 2010 for AED 1,900,000, last on 2 April 2019 for AED 2,135,000 (AED 1,037 per sqft).
- Rented since April 2013 on 6 Ejari contracts, from AED 159,000 to AED 202,009 a year.
- At AED 202,009 a year the gross yield on the 2019 price is 9.5%, 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 2 April 2019.
Questions about 1502, Al Majara Tower 1
What did unit 1502 last sell for?
AED 2,135,000 on 2 April 2019: AED 1,037 per sqft for 2,057 sqft. The unit has 2 registered sales; the first was AED 1,900,000 in July 2010.
What is the rent for unit 1502?
AED 202,009 a year on the contract renewed on 20 April 2018. The previous contract, from April 2017, was AED 202,009; the unit has been rented since April 2013.
How big is unit 1502?
2,057 sqft (191.1 sqm): a three-bedroom apartment on the 15th floor of a 28-storey tower completed in 2006.
What is unit 1502 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 1502, Al Majara Tower 1
Starts from the last sale price (AED 2.14M, 2 April 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,135,000
- Deposit, UAE resident (20%)
- AED 427,000
- Deposit, non-resident (40%)
- AED 854,000
- Monthly over 25 years at 3.7%
- AED 8,735
Plus AED 94,680 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →