407, Al Majara Tower 1
Sold prices and rental history: sold 6 times, last in December 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 407, Al Majara Tower 1
What is 407 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 December 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,338 sqft
- Floor
- 4th of 28
- Parking
- 694
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 20,200 /yr
- Last sold
- AED 2.2M · December 2023
- Building
- Al Majara Tower 1
About 407, Al Majara Tower 1
407 is a two-bedroom apartment of 1,338 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 13 December 2023 for AED 2,200,000, or AED 1,644 per sqft, 5% above the AED 1,568 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 20 September 2023, is AED 148,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 20,200 a year.
Sales and rents for 407 over time
407 has sold 6 times; 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 407 sits
All 74 2-beds →407 last sold in December 2023 at AED 1,644 per sqft, 5% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,568). 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. 407's AED 148,000 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 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 | |
| 406 | 1-bed | 412 sqft | AED 500KAED 500,000 · Jan 2023January 2023 | 102,500 /yr |
407, Al Majara Tower 1 in numbers
- Sold 6 times: first on 16 September 2010 for AED 1,490,291, last on 13 December 2023 for AED 2,200,000 (AED 1,644 per sqft).
- Rented since December 2018 on 7 Ejari contracts. The rent fell from AED 130,000 to AED 90,000 in 2021 and recovered to AED 148,000 by September 2023.
- At AED 148,000 a year the gross yield on the 2023 price is 6.7%, 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 13 December 2023.
Questions about 407, Al Majara Tower 1
What did unit 407 last sell for?
AED 2,200,000 on 13 December 2023: AED 1,644 per sqft for 1,338 sqft. The unit has 6 registered sales; the first was AED 1,490,291 in September 2010.
What is the rent for unit 407?
AED 148,000 a year on the contract renewed on 20 September 2023. The previous contract, from September 2022, was AED 140,000; the unit has been rented since December 2018.
How big is unit 407?
1,338 sqft (124.3 sqm): a two-bedroom apartment on the 4th floor of a 28-storey tower completed in 2006.
What is unit 407 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 407, Al Majara Tower 1
Starts from the last sale price (AED 2.2M, 13 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,200,000
- Deposit, UAE resident (20%)
- AED 440,000
- Deposit, non-resident (40%)
- AED 880,000
- Monthly over 25 years at 3.7%
- AED 9,001
Plus AED 97,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →