406, Al Majara Tower 1
Sold prices and rental history: sold 3 times, last in January 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Al Majara Tower 1
What is 406 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 January 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 412 sqft
- Floor
- 4th of 28
- Parking
- 693
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 6,200 /yr
- Last sold
- AED 500K · January 2023
- Building
- Al Majara Tower 1
About 406, Al Majara Tower 1
406 is a one-bedroom apartment of 412 sqft on the 4th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 20 January 2023 for AED 500,000, or AED 1,213 per sqft, 12% below the AED 1,373 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 25 October 2022, is AED 102,500 a year: a gross yield of 20.5% on the 2023 price, before the service charge of about AED 6,200 a year.
Sales and rents for 406 over time
406 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Al Majara Tower 1, and where 406 sits
All 73 1-beds →406 last sold in January 2023 at AED 1,213 per sqft, 12% below what one-beds in Al Majara Tower 1 were fetching at the time (AED 1,373). Over the last 12 months one-beds sold for AED 1,900,000, around AED 2,045 per sqft, and rent for AED 78,100 to 137,000 a year. 406's AED 102,500 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jan 202630 January 2026 | 929 sqft | 1,900,000 | 2,045 | ||
| 31 Jul 202531 July 2025 | 951 sqft | 1,865,000 | 1,961 | ||
| 11 Jun 202511 June 2025 | 951 sqft | 2,300,000 | 2,418 | ||
| 16 May 202516 May 2025 | 951 sqft | 1,850,000 | 1,945 |
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 4th floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 951 sqft | AED 606KAED 606,000 · Oct 2018October 2018 | 80,000 /yr | |
| 402 | 3-bed | 2,057 sqft | AED 2.75MAED 2,750,000 · Jul 2013July 2013 | 235,000 /yr | |
| 403 | 1,591 sqft | AED 525KAED 524,500 · Nov 2009November 2009 | 145,000 /yr | ||
| 404 | 2-bed | 1,324 sqft | AED 2.1MAED 2,100,000 · Apr 2025April 2025 | ||
| 405 | 1-bed | 929 sqft | AED 1.27MAED 1,265,000 · Nov 2013November 2013 | 112,000 /yr | |
| 407 | 2-bed | 1,338 sqft | AED 2.2MAED 2,200,000 · Dec 2023December 2023 | 148,000 /yr |
406, Al Majara Tower 1 in numbers
- Sold 3 times: first on 8 July 2010 for AED 500,000, last on 20 January 2023 for AED 500,000 (AED 1,213 per sqft).
- Rented since October 2018 on 5 Ejari contracts. The rent fell from AED 84,820 to AED 62,150 in 2020 and recovered to AED 102,500 by October 2022.
- At AED 102,500 a year the gross yield on the 2023 price is 20.5%, before a service charge of about AED 6,200 a year (AED 15.11 per sqft).
- One-beds in Al Majara Tower 1 sold for AED 1,900,000–1,900,000 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 20 January 2023.
Questions about 406, Al Majara Tower 1
What did unit 406 last sell for?
AED 500,000 on 20 January 2023: AED 1,213 per sqft for 412 sqft. The unit has 3 registered sales; the first was AED 500,000 in July 2010.
What is the rent for unit 406?
AED 102,500 a year on the contract renewed on 25 October 2022. The previous contract, from October 2021, was AED 85,000; the unit has been rented since October 2018.
How big is unit 406?
412 sqft (38.3 sqm): a one-bedroom apartment on the 4th floor of a 28-storey tower completed in 2006.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Majara Tower 1 sold for AED 1,900,000 to 1,900,000 in the last 12 months, around AED 2,045 per sqft.
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Mortgage on 406, Al Majara Tower 1
Starts from the last sale price (AED 500K, 20 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →