2302, Al Majara Tower 1
Sold prices and rental history: sold twice, last in June 2008, 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 2302, Al Majara Tower 1
What is 2302 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 25 March 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,057 sqft
- Floor
- 23rd of 28
- Parking
- 207 , 208
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 31,100 /yr
- Last sold
- AED 1.8M · June 2008
- Building
- Al Majara Tower 1
About 2302, Al Majara Tower 1
2302 is a three-bedroom apartment of 2,057 sqft on the 23rd floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 2 June 2008 for AED 1,801,000, or AED 875 per sqft, 16% above the AED 756 three-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 25 March 2025, is AED 322,000 a year: a gross yield of 17.9% on the 2008 price, before the service charge of about AED 31,100 a year.
Sales and rents for 2302 over time
2302 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Al Majara Tower 1, and where 2302 sits
All 35 3-beds →2302 last sold in June 2008 at AED 875 per sqft, 16% above what three-beds in Al Majara Tower 1 were fetching at the time (AED 756). 2302's AED 322,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Feb 202514 February 2025 | 2,057 sqft | 4,300,000 | 2,090 | ||
| 9 Jan 20259 January 2025 | 2,057 sqft | 3,950,000 | 1,920 | ||
| 18 Sep 202418 September 2024 | 2,057 sqft | 3,570,000 | 1,735 | ||
| 19 Mar 202419 March 2024 | 2,287 sqft | 4,000,000 | 1,749 |
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 23rd floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 1-bed | 951 sqft | AED 1.18MAED 1,180,000 · Jun 2015June 2015 | 140,000 /yr | |
| 2303 | 2-bed | 696 sqft | AED 1.9MAED 1,903,674 · Mar 2009March 2009 | 200,000 /yr | |
| 2304 | 2-bed | 1,324 sqft | AED 2.75MAED 2,750,000 · Mar 2025March 2025 | 165,000 /yr | |
| 2305 | 1-bed | 929 sqft | AED 840KAED 840,000 · Apr 2021April 2021 | 93,000 /yr | |
| 2306 | 1-bed | 841 sqft | AED 580KAED 580,000 · Apr 2008April 2008 | 66,000 /yr | |
| 2307 | 2-bed | 1,338 sqft | AED 2.3MAED 2,300,000 · Mar 2016March 2016 |
2302, Al Majara Tower 1 in numbers
- Sold twice: first on 2 June 2008 for AED 3,100,000, last on 2 June 2008 for AED 1,801,000 (AED 875 per sqft).
- Rented since June 2013 on 9 Ejari contracts. The rent fell from AED 215,000 to AED 180,000 in 2019 and recovered to AED 322,000 by March 2025.
- At AED 322,000 a year the gross yield on the 2008 price is 17.9%, before a service charge of about AED 31,100 a year (AED 15.11 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 25 March 2025.
Questions about 2302, Al Majara Tower 1
What did unit 2302 last sell for?
AED 1,801,000 on 2 June 2008, sold by the developer: AED 875 per sqft for 2,057 sqft. The unit has 2 registered sales; the first was AED 3,100,000 in June 2008.
What is the rent for unit 2302?
AED 322,000 a year on the contract renewed on 25 March 2025. The previous contract, from March 2024, was AED 280,000; the unit has been rented since June 2013.
How big is unit 2302?
2,057 sqft (191.1 sqm): a three-bedroom apartment on the 23rd floor of a 28-storey tower completed in 2006.
What is unit 2302 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 2302, Al Majara Tower 1
Starts from the last sale price (AED 1.8M, 2 June 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,801,000
- Deposit, UAE resident (20%)
- AED 360,200
- Deposit, non-resident (40%)
- AED 720,400
- Monthly over 25 years at 3.7%
- AED 7,368
Plus AED 80,652 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →