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2-bed · 1,410 sqftAl Majara Tower 1, Dubai Marina · 2nd floor · completed 2006

203, Al Majara Tower 1

Sold prices and rental history: sold twice, last in April 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 28 April 2015
Last soldAED 2.1M28 April 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, Al Majara Tower 1

What is 203 worth today?

Last sold for AED 2,100,000 in 2015

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28 Apr 2015SoldReady
AED 2,100,000AED 1,489 per sqft
1 May 2011Sold by developerReady
AED 957,000AED 678 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 28 April 2015.

Key facts

Type
2-bed apartment
Size
1,410 sqft
Floor
2nd of 28
Parking
578
Developer
Emaar
Completed
2006
Service charge
AED 21,300 /yr
Last sold
AED 2.1M · April 2015
Building
Al Majara Tower 1

About 203, Al Majara Tower 1

203 is a two-bedroom apartment of 1,410 sqft on the 2nd floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 28 April 2015 for AED 2,100,000, or AED 1,489 per sqft, 9% below the AED 1,644 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical two-bed in Al Majara Tower 1
1M2M3M2008201320182023Typical 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, May 2011: AED 957,000 (AED 678 per sqft)Sold, April 2015: AED 2,100,000 (AED 1,489 per sqft)

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

Rents
Unit 203, 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 140,000

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 203 sits

All 74 2-beds →

203 last sold in April 2015 at AED 1,489 per sqft, 9% below what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,644). 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.

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 2nd floor

All 188 units in Al Majara Tower 1
Value
2011-bedAED 1.5M · Sep 2022
2023-bedAED 1.56M · Jun 2011
2042-bedAED 2M · Oct 2013
2051-bedAED 475K · Jan 2013
2061-bedAED 1.3M · Feb 2024
2072-bedAED 805K · Feb 2009

203, Al Majara Tower 1 in numbers

  • Sold twice: first on 1 May 2011 for AED 957,000, last on 28 April 2015 for AED 2,100,000 (AED 1,489 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 28 April 2015.

Questions about 203, Al Majara Tower 1

What did unit 203 last sell for?

AED 2,100,000 on 28 April 2015: AED 1,489 per sqft for 1,410 sqft. The unit has 2 registered sales; the first was AED 957,000 in May 2011.

How big is unit 203?

1,410 sqft (131.0 sqm): a two-bedroom apartment on the 2nd floor of a 28-storey tower completed in 2006.

What is unit 203 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 203, Al Majara Tower 1

Starts from the last sale price (AED 2.1M, 28 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

Plus AED 93,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →