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2-bed · 1,579 sqftAl Majara Tower 2, Dubai Marina · 10th floor · completed 2006

1002, Al Majara Tower 2

Sold prices and rental history: sold 3 times, last in January 2022, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 14 January 2022
Last soldAED 2.71M14 January 2022
Current rentAED 194K /yr17 July 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1002, Al Majara Tower 2

What is 1002 worth today?

Last sold for AED 2,710,000 in 2022

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14 Jan 2022SoldReady
AED 2,710,000AED 1,716 per sqft
28 Nov 2021SoldReady
AED 2,200,000AED 1,393 per sqft
17 Jul 2017RentedRenewal
AED 194,234/yr9 months · AED 123 per sqft
17 Jul 2016RentedNew contract
AED 195,000/yr12 months · AED 123 per sqft
24 Jan 2016Sold by developerReady
AED 1,800,000AED 1,139 per sqft
17 Jul 2015RentedNew contract
AED 190,000/yr12 months · AED 120 per sqft

Source: Dubai Land Department. Updated 14 January 2022.

Key facts

Type
2-bed apartment
Size
1,579 sqft
Floor
10th of 31
Parking
504
Developer
Emaar
Completed
2006
Service charge
AED 23,900 /yr
Last sold
AED 2.71M · January 2022
Building
Al Majara Tower 2

About 1002, Al Majara Tower 2

1002 is a two-bedroom apartment of 1,579 sqft on the 10th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 14 January 2022 for AED 2,710,000, or AED 1,716 per sqft, 19% above the AED 1,441 two-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, renewed on 17 July 2017, is AED 194,234 a year: a gross yield of 7.2% on the 2022 price, before the service charge of about AED 23,900 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical two-bed in Al Majara Tower 2
2M4M2008201320182023Typical sale price by year: 2008 AED 1,600,000; 2009 AED 1,287,500; 2010 AED 931,888; 2011 AED 1,297,800; 2012 AED 1,712,500; 2013 AED 2,200,000; 2014 AED 2,825,000; 2015 AED 1,950,000; 2016 AED 2,350,000; 2017 AED 2,525,000; 2018 AED 2,266,250; 2019 AED 1,800,000; 2020 AED 1,750,000; 2021 AED 1,940,000; 2022 AED 2,217,500; 2023 AED 2,675,000; 2024 AED 2,950,000; 2025 AED 4,150,000Sold by developer, January 2016: AED 1,800,000 (AED 1,139 per sqft)Sold, November 2021: AED 2,200,000 (AED 1,393 per sqft)Sold, January 2022: AED 2,710,000 (AED 1,716 per sqft)

1002 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1002, each contractTypical two-bed in Al Majara Tower 2
100K150K200K2012201620202024Typical rent by year: 2012 AED 138,331; 2013 AED 150,000; 2014 AED 160,000; 2015 AED 165,000; 2016 AED 167,500; 2017 AED 157,095; 2018 AED 137,500; 2019 AED 120,000; 2020 AED 106,000; 2021 AED 105,000; 2022 AED 120,000; 2023 AED 140,000; 2024 AED 165,000; 2025 AED 171,500; 2026 AED 185,000New contract, July 2015: AED 190,000 a yearNew contract, July 2016: AED 195,000 a yearRenewal, July 2017: AED 194,234 a year

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 2, and where 1002 sits

All 88 2-beds →

1002 last sold in January 2022 at AED 1,716 per sqft, 19% above what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,441). Over the last 12 months two-beds sold for AED 4,150,000, around AED 2,628 per sqft, and rent for AED 126,500 to 205,000 a year. 1002's AED 194,234 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Dec 20254,150,000
23 Apr 20253,900,000
16 Apr 20254,175,000
19 Dec 20242,650,000
1 2-bed sale in the last 12 months

Al Majara Tower 2

Building

246 apartments, 1-bed to 3-bed over 31 floors in Dubai Marina, completed in 2006 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 2,295
Typical sale
AED 3.14M
Typical rent
AED 125K /yr
Typical yield
5.1%
Al Majara Tower 2, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 246 units in Al Majara Tower 2
Value
10011-bedAED 1.37M · Feb 2022
10031-bedAED 373K · Nov 2011
10042-bedAED 2.34M · Mar 2022
10051-bedAED 634K · Mar 2011
10061-bedAED 1.45M · Oct 2022
10071-bedAED 695K · Jun 2009
10082-bedAED 3M · Aug 2014

1002, Al Majara Tower 2 in numbers

  • Sold 3 times: first on 24 January 2016 for AED 1,800,000, last on 14 January 2022 for AED 2,710,000 (AED 1,716 per sqft).
  • Rented since July 2015 on 3 Ejari contracts, from AED 190,000 to AED 194,234 a year.
  • At AED 194,234 a year the gross yield on the 2022 price is 7.2%, before a service charge of about AED 23,900 a year (AED 15.11 per sqft).
  • Two-beds in Al Majara Tower 2 sold for AED 4,150,000–4,150,000 in the 12 months to November 2026; the building's median across all types is AED 2,295 per sqft.

Source: Dubai Land Department. Updated 14 January 2022.

Questions about 1002, Al Majara Tower 2

What did unit 1002 last sell for?

AED 2,710,000 on 14 January 2022: AED 1,716 per sqft for 1,579 sqft. The unit has 3 registered sales; the first was AED 1,800,000 in January 2016.

What is the rent for unit 1002?

AED 194,234 a year on the contract renewed on 17 July 2017. The previous contract, from July 2016, was AED 195,000; the unit has been rented since July 2015.

How big is unit 1002?

1,579 sqft (146.7 sqm): a two-bedroom apartment on the 10th floor of a 31-storey tower completed in 2006.

What is unit 1002 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 2 sold for AED 4,150,000 to 4,150,000 in the last 12 months, around AED 2,628 per sqft.

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Mortgage on 1002, Al Majara Tower 2

Starts from the last sale price (AED 2.71M, 14 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,710,000
Deposit, UAE resident (20%)
AED 542,000
Deposit, non-resident (40%)
AED 1,084,000
Monthly over 25 years at 3.7%
AED 11,087

Plus AED 118,830 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →