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

204, Al Majara Tower 1

Sold prices and rental history: sold 3 times, last in October 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 29 October 2013
Last soldAED 2M29 October 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 204, Al Majara Tower 1

What is 204 worth today?

Last sold for AED 1,995,000 in 2013

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29 Oct 2013SoldReady
AED 1,995,000AED 1,506 per sqft
14 Jul 2011Sold by developerReady
AED 1,350,000AED 1,019 per sqft
14 Jul 2011SoldReady
AED 870,000AED 657 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 29 October 2013.

Key facts

Type
2-bed apartment
Size
1,324 sqft
Floor
2nd of 28
Parking
47
Developer
Emaar
Completed
2006
Service charge
AED 20,000 /yr
Last sold
AED 2M · October 2013
Building
Al Majara Tower 1

About 204, Al Majara Tower 1

204 is a two-bedroom apartment of 1,324 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 29 October 2013 for AED 1,995,000, or AED 1,506 per sqft, 14% above the AED 1,319 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 204 over time

Sales
Unit 204, 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, July 2011: AED 1,350,000 (AED 1,019 per sqft)Sold, July 2011: AED 870,000 (AED 657 per sqft)Sold, October 2013: AED 1,995,000 (AED 1,506 per sqft)

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

Rents
Unit 204, 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 204 sits

All 74 2-beds →

204 last sold in October 2013 at AED 1,506 per sqft, 14% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,319). 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
2032-bedAED 2.1M · Apr 2015
2051-bedAED 475K · Jan 2013
2061-bedAED 1.3M · Feb 2024
2072-bedAED 805K · Feb 2009

204, Al Majara Tower 1 in numbers

  • Sold 3 times: first on 14 July 2011 for AED 870,000, last on 29 October 2013 for AED 1,995,000 (AED 1,506 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 29 October 2013.

Questions about 204, Al Majara Tower 1

What did unit 204 last sell for?

AED 1,995,000 on 29 October 2013: AED 1,506 per sqft for 1,324 sqft. The unit has 3 registered sales; the first was AED 870,000 in July 2011.

How big is unit 204?

1,324 sqft (123.0 sqm): a two-bedroom apartment on the 2nd floor of a 28-storey tower completed in 2006.

What is unit 204 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 204, Al Majara Tower 1

Starts from the last sale price (AED 2M, 29 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,995,000
Deposit, UAE resident (20%)
AED 399,000
Deposit, non-resident (40%)
AED 798,000
Monthly over 25 years at 3.7%
AED 8,162

Plus AED 88,800 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →