2407, Al Majara Tower 1
Sold prices and rental history: sold once, by the developer in April 2008, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2407, Al Majara Tower 1
What is 2407 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 23 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,338 sqft
- Floor
- 24th of 28
- Parking
- 519
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 20,200 /yr
- Last sold
- AED 1.46M · April 2008
- Building
- Al Majara Tower 1
About 2407, Al Majara Tower 1
2407 is a two-bedroom apartment of 1,338 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 29 April 2008 for AED 1,455,000, or AED 1,087 per sqft, 16% above the AED 939 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 23 January 2026, is AED 160,000 a year: a gross yield of 11.0% on the 2008 price, before the service charge of about AED 20,200 a year.
Sales and rents for 2407 over time
2407 has sold once; the dashed line is the two-bed median of each year in the building.
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 2407 sits
All 74 2-beds →2407 last sold in April 2008 at AED 1,087 per sqft, 16% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 939). 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. 2407's AED 160,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Dec 202517 December 2025 | 1,591 sqft | 2,900,000 | 1,822 | ||
| 4 Jul 20254 July 2025 | 1,591 sqft | 2,900,000 | 1,822 | ||
| 20 Jun 202520 June 2025 | 1,338 sqft | 2,550,000 | 1,905 | ||
| 28 Apr 202528 April 2025 | 1,324 sqft | 2,100,000 | 1,586 |
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 | |
| 2402 | 3-bed | 2,057 sqft | AED 1.97MAED 1,970,000 · Jul 2016July 2016 | 215,000 /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, Al Majara Tower 1 in numbers
- Sold once: by Emaar on 29 April 2008 for AED 1,455,000, or AED 1,087 per sqft.
- Rented since December 2017 on 8 Ejari contracts. The rent fell from AED 155,000 to AED 93,000 in 2020 and recovered to AED 160,000 by January 2026.
- At AED 160,000 a year the gross yield on the 2008 price is 11.0%, before a service charge of about AED 20,200 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 23 January 2026.
Questions about 2407, Al Majara Tower 1
What did unit 2407 last sell for?
AED 1,455,000 on 29 April 2008, sold by the developer: AED 1,087 per sqft for 1,338 sqft. It is the only registered sale of the unit.
What is the rent for unit 2407?
AED 160,000 a year on the contract renewed on 23 January 2026. The previous contract, from January 2025, was AED 160,000; the unit has been rented since December 2017.
How big is unit 2407?
1,338 sqft (124.3 sqm): a two-bedroom apartment on the 24th floor of a 28-storey tower completed in 2006.
What is unit 2407 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 2407, Al Majara Tower 1
Starts from the last sale price (AED 1.46M, 29 April 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,455,000
- Deposit, UAE resident (20%)
- AED 291,000
- Deposit, non-resident (40%)
- AED 582,000
- Monthly over 25 years at 3.7%
- AED 5,953
Plus AED 66,120 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →