2402, Al Majara Tower 1
Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2402, Al Majara Tower 1
What is 2402 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 3 April 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,057 sqft
- Floor
- 24th of 28
- Parking
- 193 , 196
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 31,100 /yr
- Last sold
- AED 1.97M · July 2016
- Building
- Al Majara Tower 1
About 2402, Al Majara Tower 1
2402 is a three-bedroom apartment of 2,057 sqft on the 24th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 26 July 2016 for AED 1,970,000, or AED 957 per sqft, 41% below the AED 1,618 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 3 April 2025, is AED 215,000 a year: a gross yield of 10.9% on the 2016 price, before the service charge of about AED 31,100 a year.
Sales and rents for 2402 over time
2402 has sold once; 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 2402 sits
All 35 3-beds →2402 last sold in July 2016 at AED 957 per sqft, 41% below what three-beds in Al Majara Tower 1 were fetching at the time (AED 1,618). 2402's AED 215,000 is in the upper half 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 24th floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 1-bed | 951 sqft | AED 1.8MAED 1,800,000 · Sep 2017September 2017 | 112,000 /yr | |
| 2403 | 2-bed | 1,591 sqft | AED 2.6MAED 2,600,000 · Jun 2018June 2018 | 152,911 /yr | |
| 2404 | 2-bed | 1,324 sqft | AED 1.09MAED 1,090,000 · Jul 2013July 2013 | 115,000 /yr | |
| 2405 | 1-bed | 929 sqft | AED 368KAED 368,000 · Jun 2010June 2010 | ||
| 2406 | 1-bed | 841 sqft | AED 293KAED 293,000 · May 2010May 2010 | ||
| 2407 | 2-bed | 1,338 sqft | AED 1.46MAED 1,455,000 · Apr 2008April 2008 | 160,000 /yr |
2402, Al Majara Tower 1 in numbers
- Sold once: by Emaar on 26 July 2016 for AED 1,970,000, or AED 957 per sqft.
- Rented since November 2014 on 11 Ejari contracts. The rent fell from AED 290,000 to AED 140,000 in 2022 and recovered to AED 215,000 by April 2025.
- At AED 215,000 a year the gross yield on the 2016 price is 10.9%, 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 3 April 2025.
Questions about 2402, Al Majara Tower 1
What did unit 2402 last sell for?
AED 1,970,000 on 26 July 2016, sold by the developer: AED 957 per sqft for 2,057 sqft. It is the only registered sale of the unit.
What is the rent for unit 2402?
AED 215,000 a year on the contract renewed on 3 April 2025. The previous contract, from April 2024, was AED 215,000; the unit has been rented since November 2014.
How big is unit 2402?
2,057 sqft (191.1 sqm): a three-bedroom apartment on the 24th floor of a 28-storey tower completed in 2006.
What is unit 2402 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 2402, Al Majara Tower 1
Starts from the last sale price (AED 1.97M, 26 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,970,000
- Deposit, UAE resident (20%)
- AED 394,000
- Deposit, non-resident (40%)
- AED 788,000
- Monthly over 25 years at 3.7%
- AED 8,060
Plus AED 87,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →