1604, Al Majara Tower 1
Sold prices and rental history: sold once, by the developer in January 2018, 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 1604, Al Majara Tower 1
What is 1604 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 662 sqft
- Floor
- 16th of 28
- Parking
- 178
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 10,000 /yr
- Last sold
- AED 1.01M · January 2018
- Building
- Al Majara Tower 1
About 1604, Al Majara Tower 1
1604 is a two-bedroom apartment of 662 sqft on the 16th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 18 January 2018 for AED 1,010,000, or AED 762 per sqft, 45% below the AED 1,390 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 15 January 2026, is AED 140,000 a year: a gross yield of 13.9% on the 2018 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1604 over time
1604 has sold once; 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 1604 sits
All 74 2-beds →1604 last sold in January 2018 at AED 762 per sqft, 45% below what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,390). 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. 1604's AED 140,000 is in the upper 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 16th floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 951 sqft | AED 843KAED 842,888 · Feb 2011February 2011 | 125,000 /yr | |
| 1602 | 3-bed | 2,057 sqft | AED 1.68MAED 1,678,500 · Dec 2008December 2008 | 210,000 /yr | |
| 1603 | 2-bed | 171 sqft | AED 150KAED 150,000 · Aug 2019August 2019 | 124,732 /yr | |
| 1605 | 1-bed | 929 sqft | AED 1.61MAED 1,610,000 · Jun 2015June 2015 | 110,000 /yr | |
| 1606 | 1-bed | 841 sqft | AED 269KAED 269,000 · Dec 2009December 2009 | 79,695 /yr | |
| 1607 | 2-bed | 1,338 sqft | AED 1.23MAED 1,225,000 · Jan 2020January 2020 | 135,000 /yr |
1604, Al Majara Tower 1 in numbers
- Sold once: by Emaar on 18 January 2018 for AED 1,010,000, or AED 762 per sqft.
- Rented since September 2013 on 10 Ejari contracts. The rent fell from AED 130,000 to AED 88,000 in 2020 and recovered to AED 140,000 by January 2026.
- At AED 140,000 a year the gross yield on the 2018 price is 13.9%, before a service charge of about AED 10,000 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 15 January 2026.
Questions about 1604, Al Majara Tower 1
What did unit 1604 last sell for?
AED 1,010,000 on 18 January 2018, sold by the developer: AED 762 per sqft for 662 sqft. It is the only registered sale of the unit.
What is the rent for unit 1604?
AED 140,000 a year on the contract renewed on 15 January 2026. The previous contract, from January 2025, was AED 140,000; the unit has been rented since September 2013.
How big is unit 1604?
662 sqft (61.5 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2006.
What is unit 1604 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 1604, Al Majara Tower 1
Starts from the last sale price (AED 1.01M, 18 January 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,010,000
- Deposit, UAE resident (20%)
- AED 202,000
- Deposit, non-resident (40%)
- AED 404,000
- Monthly over 25 years at 3.7%
- AED 4,132
Plus AED 47,430 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →