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3-bed · 2,076 sqftAl Majara Tower 1, Dubai Marina · 28th floor · completed 2006

2804, Al Majara Tower 1

Sold prices and rental history: sold 3 times, last in October 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2804 · DLD and Ejari recordsUpdated 3 October 2021
Last soldAED 2.5M3 October 2021
Current rentAED 155K /yr17 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2804, Al Majara Tower 1

What is 2804 worth today?

Last sold for AED 2,500,000 in 2021

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3 Oct 2021SoldReady
AED 2,500,000AED 1,204 per sqft
17 Jan 2020RentedRenewal
AED 155,000/yr12 months · AED 75 per sqft
17 Jan 2019RentedNew contract
AED 170,000/yr12 months · AED 82 per sqft
18 Jul 2011SoldReady
AED 1,900,000AED 915 per sqft
17 Mar 2011Sold by developerReady
AED 2,080,000AED 1,001 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 October 2021.

Key facts

Type
3-bed apartment
Size
2,076 sqft
Floor
28th of 28
Parking
191 , 197
Developer
Emaar
Completed
2006
Service charge
AED 31,400 /yr
Last sold
AED 2.5M · October 2021
Building
Al Majara Tower 1

About 2804, Al Majara Tower 1

2804 is a three-bedroom apartment of 2,076 sqft on the 28th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 3 October 2021 for AED 2,500,000, or AED 1,204 per sqft, in line with the AED 1,204 three-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 17 January 2020, is AED 155,000 a year: a gross yield of 6.2% on the 2021 price, before the service charge of about AED 31,400 a year.

Sales and rents for 2804 over time

Sales
Unit 2804, each saleTypical three-bed in Al Majara Tower 1
2M3M2008201220162020Typical sale price by year: 2008 AED 1,739,750; 2009 AED 1,750,000; 2010 AED 1,900,000; 2011 AED 1,680,000; 2012 AED 2,145,500; 2013 AED 2,740,000; 2015 AED 3,300,000; 2016 AED 2,750,000; 2017 AED 1,430,000; 2019 AED 2,217,900Sold by developer, March 2011: AED 2,080,000 (AED 1,001 per sqft)Sold, July 2011: AED 1,900,000 (AED 915 per sqft)Sold, October 2021: AED 2,500,000 (AED 1,204 per sqft)

2804 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2804, each contractTypical three-bed in Al Majara Tower 1
150K200K250K2012201620202024Typical rent by year: 2012 AED 162,500; 2013 AED 170,000; 2014 AED 240,000; 2015 AED 245,000; 2016 AED 223,500; 2017 AED 215,000; 2018 AED 215,000; 2019 AED 174,565; 2020 AED 153,502; 2021 AED 159,500; 2022 AED 180,000; 2023 AED 205,000; 2024 AED 225,000; 2025 AED 230,000New contract, January 2019: AED 170,000 a yearRenewal, January 2020: AED 155,000 a year

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 2804 sits

All 35 3-beds →

2804 last sold in October 2021 at AED 1,204 per sqft, in line with what three-beds in Al Majara Tower 1 were fetching at the time (AED 1,204). 2804's AED 155,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
14 Feb 20254,300,000
9 Jan 20253,950,000
18 Sep 20243,570,000
19 Mar 20244,000,000
0 3-bed sales 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 28th floor

All 188 units in Al Majara Tower 1
Value
28013-bedAED 1.31M · Dec 2009
28023-bedAED 4M · Mar 2024
28032-bedAED 2.38M · Aug 2015

2804, Al Majara Tower 1 in numbers

  • Sold 3 times: first on 17 March 2011 for AED 2,080,000, last on 3 October 2021 for AED 2,500,000 (AED 1,204 per sqft).
  • Rented since January 2019 on 2 Ejari contracts, from AED 170,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2021 price is 6.2%, before a service charge of about AED 31,400 a year (AED 15.11 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 3 October 2021.

Questions about 2804, Al Majara Tower 1

What did unit 2804 last sell for?

AED 2,500,000 on 3 October 2021: AED 1,204 per sqft for 2,076 sqft. The unit has 3 registered sales; the first was AED 2,080,000 in March 2011.

What is the rent for unit 2804?

AED 155,000 a year on the contract renewed on 17 January 2020. The previous contract, from January 2019, was AED 170,000.

How big is unit 2804?

2,076 sqft (192.9 sqm): a three-bedroom apartment on the 28th floor of a 28-storey tower completed in 2006.

What is unit 2804 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 2804, Al Majara Tower 1

Starts from the last sale price (AED 2.5M, 3 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →