1507, Al Majara Tower 1
Sold prices and rental history: sold 4 times, last in October 2021, 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 1507, Al Majara Tower 1
What is 1507 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,338 sqft
- Floor
- 15th of 28
- Parking
- 181
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 20,200 /yr
- Last sold
- AED 477K · October 2021
- Building
- Al Majara Tower 1
About 1507, Al Majara Tower 1
1507 is a two-bedroom apartment of 1,338 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 13 October 2021 for AED 476,555, or AED 356 per sqft, 63% below the AED 962 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 1 March 2025, is AED 120,973 a year: a gross yield of 25.4% on the 2021 price, before the service charge of about AED 20,200 a year.
Sales and rents for 1507 over time
1507 has sold 4 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Al Majara Tower 1, and where 1507 sits
All 74 2-beds →1507 last sold in October 2021 at AED 356 per sqft, 63% below what two-beds in Al Majara Tower 1 were fetching at the time (AED 962). Over the last 12 months two-beds sold for AED 2,900,000, around AED 1,822 per sqft, and rent for AED 100,000 to 163,500 a year. 1507's AED 120,973 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Dec 202517 December 2025 | 1,591 sqft | 2,900,000 | 1,822 | ||
| 4 Jul 20254 July 2025 | 1,591 sqft | 2,900,000 | 1,822 | ||
| 20 Jun 202520 June 2025 | 1,338 sqft | 2,550,000 | 1,905 | ||
| 28 Apr 202528 April 2025 | 1,324 sqft | 2,100,000 | 1,586 |
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 | |
| 1502 | 3-bed | 2,057 sqft | AED 2.14MAED 2,135,000 · Apr 2019April 2019 | 202,009 /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, Al Majara Tower 1 in numbers
- Sold 4 times: first on 12 June 2008 for AED 1,318,400, last on 13 October 2021 for AED 476,555 (AED 356 per sqft).
- Rented since October 2013 on 8 Ejari contracts. The rent fell from AED 140,000 to AED 109,975 in 2024 and recovered to AED 120,973 by March 2025.
- At AED 120,973 a year the gross yield on the 2021 price is 25.4%, before a service charge of about AED 20,200 a year (AED 15.11 per sqft).
- Two-beds in Al Majara Tower 1 sold for AED 2,900,000–2,900,000 in the 12 months to November 2026; the building's median across all types is AED 1,934 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2025.
Questions about 1507, Al Majara Tower 1
What did unit 1507 last sell for?
AED 476,555 on 13 October 2021: AED 356 per sqft for 1,338 sqft. The unit has 4 registered sales; the first was AED 1,318,400 in June 2008.
What is the rent for unit 1507?
AED 120,973 a year on the contract renewed on 1 March 2025. The previous contract, from March 2024, was AED 109,975; the unit has been rented since October 2013.
How big is unit 1507?
1,338 sqft (124.3 sqm): a two-bedroom apartment on the 15th floor of a 28-storey tower completed in 2006.
What is unit 1507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Majara Tower 1 sold for AED 2,900,000 to 2,900,000 in the last 12 months, around AED 1,822 per sqft.
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Mortgage on 1507, Al Majara Tower 1
Starts from the last sale price (AED 477K, 13 October 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 476,555
- Deposit, UAE resident (20%)
- AED 95,311
- Deposit, non-resident (40%)
- AED 190,622
- Monthly over 25 years at 3.7%
- AED 1,950
Plus AED 22,925 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →