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2-bed · 1,324 sqftAl Majara Tower 1, Dubai Marina · 17th floor · completed 2006

1704, Al Majara Tower 1

Sold prices and rental history: sold 3 times, last in December 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 7 December 2023
Last soldAED 2.33M7 December 2023
Current rentAED 135K /yr23 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, Al Majara Tower 1

What is 1704 worth today?

Last sold for AED 2,325,000 in 2023

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7 Dec 2023SoldReady
AED 2,325,000AED 1,756 per sqft
20 Sep 2020SoldReady
AED 1,200,000AED 906 per sqft
23 Jan 2020RentedRenewal
AED 134,789/yr9 months · AED 102 per sqft
23 Jan 2019RentedRenewal
AED 135,000/yr12 months · AED 102 per sqft
16 Feb 2010Sold by developerReady
AED 590,944AED 446 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 7 December 2023.

Key facts

Type
2-bed apartment
Size
1,324 sqft
Floor
17th of 28
Parking
172
Developer
Emaar
Completed
2006
Service charge
AED 20,000 /yr
Last sold
AED 2.33M · December 2023
Building
Al Majara Tower 1

About 1704, Al Majara Tower 1

1704 is a two-bedroom apartment of 1,324 sqft on the 17th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 7 December 2023 for AED 2,325,000, or AED 1,756 per sqft, 18% above the AED 1,491 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 23 January 2020, is AED 134,789 a year: a gross yield of 5.8% on the 2023 price, before the service charge of about AED 20,000 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, each saleTypical two-bed in Al Majara Tower 1
2M2008201320182023Typical sale price by year: 2008 AED 1,485,200; 2009 AED 1,350,000; 2010 AED 1,075,000; 2011 AED 1,231,974; 2012 AED 1,325,000; 2013 AED 1,887,500; 2014 AED 2,350,000; 2015 AED 2,150,000; 2016 AED 1,850,000; 2017 AED 1,870,000; 2018 AED 2,045,000; 2019 AED 700,000; 2020 AED 1,212,500; 2021 AED 1,455,000; 2022 AED 1,800,000; 2023 AED 2,200,000; 2024 AED 2,300,000; 2025 AED 2,806,229Sold by developer, February 2010: AED 590,944 (AED 446 per sqft)Sold, September 2020: AED 1,200,000 (AED 906 per sqft)Sold, December 2023: AED 2,325,000 (AED 1,756 per sqft)

1704 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1704, each contractTypical two-bed in Al Majara Tower 1
100K150K2012201620202024Typical rent by year: 2012 AED 117,500; 2013 AED 138,674; 2014 AED 152,456; 2015 AED 160,000; 2016 AED 150,000; 2017 AED 148,500; 2018 AED 135,000; 2019 AED 120,000; 2020 AED 97,500; 2021 AED 100,000; 2022 AED 114,692; 2023 AED 130,000; 2024 AED 135,000; 2025 AED 150,078; 2026 AED 140,000Renewal, January 2019: AED 135,000 a yearRenewal, January 2020: AED 134,789 a year

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 1704 sits

All 74 2-beds →

1704 last sold in December 2023 at AED 1,756 per sqft, 18% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,491). 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. 1704's AED 134,789 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Dec 20252,900,000
4 Jul 20252,900,000
20 Jun 20252,550,000
28 Apr 20252,100,000
1 2-bed sale 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 17th floor

All 188 units in Al Majara Tower 1
Value
17011-bedAED 1.45M · Jul 2018
17023-bedAED 4.3M · Feb 2025
17032-bedAED 1.1M · May 2016
17051-bedAED 1.37M · Dec 2022
17061-bedAED 650K · Mar 2011
17072-bedAED 1.7M · Dec 2021

1704, Al Majara Tower 1 in numbers

  • Sold 3 times: first on 16 February 2010 for AED 590,944, last on 7 December 2023 for AED 2,325,000 (AED 1,756 per sqft).
  • Rented since January 2019 on 2 Ejari contracts, from AED 135,000 to AED 134,789 a year.
  • At AED 134,789 a year the gross yield on the 2023 price is 5.8%, before a service charge of about AED 20,000 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 7 December 2023.

Questions about 1704, Al Majara Tower 1

What did unit 1704 last sell for?

AED 2,325,000 on 7 December 2023: AED 1,756 per sqft for 1,324 sqft. The unit has 3 registered sales; the first was AED 590,944 in February 2010.

What is the rent for unit 1704?

AED 134,789 a year on the contract renewed on 23 January 2020. The previous contract, from January 2019, was AED 135,000.

How big is unit 1704?

1,324 sqft (123.0 sqm): a two-bedroom apartment on the 17th floor of a 28-storey tower completed in 2006.

What is unit 1704 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 1704, Al Majara Tower 1

Starts from the last sale price (AED 2.33M, 7 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,325,000
Deposit, UAE resident (20%)
AED 465,000
Deposit, non-resident (40%)
AED 930,000
Monthly over 25 years at 3.7%
AED 9,512

Plus AED 102,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →