1-bed · 971 sqftAl Majara Tower 2, Dubai Marina · 1st floor · completed 2006

101, Al Majara Tower 2

Sold prices and rental history: sold once, by the developer in May 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 101 · DLD and Ejari recordsUpdated 29 October 2024
Last soldAED 315K9 May 2010
Current rentAED 115K /yr29 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 101, Al Majara Tower 2

What is 101 worth today?

Last sold for AED 314,900 in 2010

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29 Oct 2024RentedNew contract
AED 115,000/yr12 months · AED 119 per sqft
25 Oct 2023RentedRenewal
AED 89,750/yr12 months · AED 93 per sqft
1 Jul 2021RentedRenewal
AED 68,000/yr12 months · AED 70 per sqft
1 Jul 2020RentedNew contract
AED 68,000/yr12 months · AED 70 per sqft
15 Oct 2017RentedNew contract
AED 84,000/yr12 months · AED 87 per sqft
30 Oct 2016RentedRenewal
AED 138,689/yr6 months · AED 143 per sqft
30 Oct 2015RentedNew contract
AED 135,000/yr12 months · AED 139 per sqft
23 Sep 2014RentedNew contract
AED 127,500/yr12 months · AED 132 per sqft

Source: Dubai Land Department. Updated 29 October 2024.

Key facts

Type
1-bed apartment
Size
971 sqft
Floor
1st of 31
Parking
707
Developer
Emaar
Completed
2006
Service charge
AED 14,700 /yr
Last sold
AED 315K · May 2010

About 101, Al Majara Tower 2

101 is a one-bedroom apartment of 971 sqft on the 1st floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 9 May 2010 for AED 314,900, or AED 324 per sqft, 52% below the AED 675 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 29 October 2024, is AED 115,000 a year: a gross yield of 36.5% on the 2010 price, before the service charge of about AED 14,700 a year.

Sales and rents for 101 over time

Sales
Unit 101, each saleTypical one-bed in Al Majara Tower 2
1M2M2007201220172022Typical sale price by year: 2007 AED 402,950; 2008 AED 880,000; 2009 AED 799,800; 2010 AED 598,800; 2011 AED 732,400; 2012 AED 1,000,000; 2013 AED 990,000; 2014 AED 1,675,000; 2015 AED 1,600,000; 2016 AED 1,450,000; 2017 AED 1,500,000; 2018 AED 1,215,328; 2019 AED 1,085,000; 2020 AED 1,000,000; 2021 AED 1,100,000; 2022 AED 1,450,000; 2023 AED 1,500,000; 2024 AED 1,825,000Sold by developer, May 2010: AED 314,900 (AED 324 per sqft)

101 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 101, each contractTypical one-bed in Al Majara Tower 2
100K150K20112015201920232027Typical rent by year: 2011 AED 65,000; 2012 AED 75,000; 2013 AED 95,000; 2014 AED 111,500; 2015 AED 120,000; 2016 AED 120,000; 2017 AED 105,000; 2018 AED 90,000; 2019 AED 82,000; 2020 AED 70,000; 2021 AED 70,000; 2022 AED 83,000; 2023 AED 90,650; 2024 AED 105,000; 2025 AED 110,000; 2026 AED 97,644New contract, December 2012: AED 110,000 a yearNew contract, December 2013: AED 120,000 a yearNew contract, September 2014: AED 127,500 a yearNew contract, October 2015: AED 135,000 a yearRenewal, October 2016: AED 138,689 a yearNew contract, October 2017: AED 84,000 a yearNew contract, July 2020: AED 68,000 a yearRenewal, July 2021: AED 68,000 a yearRenewal, October 2023: AED 89,750 a yearNew contract, October 2024: AED 115,000 a year

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 2, and where 101 sits

All 146 1-beds →

101 last sold in May 2010 at AED 324 per sqft, 52% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 675). Over the last 12 months one-beds sold for AED 1,600,000 to 2,125,000, around AED 2,044 per sqft, and rent for AED 82,000 to 135,000 a year. 101's AED 115,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Jan 20262,125,000
16 Jan 20261,600,000
16 May 20252,100,000
15 Jan 20251,700,000
2 1-bed sales 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 1st floor

All 246 units in Al Majara Tower 2
Value
1022-bedAED 2.95M · Feb 2024
1031-bedAED 842K · May 2008
1042-bedAED 2.6M · Jun 2023
1051-bedAED 1.59M · May 2024
1061-bedAED 1.15M · Feb 2018
1071-bedAED 1.44M · May 2008
1081-bedAED 857K · Mar 2016

101, Al Majara Tower 2 in numbers

  • Sold once: by Emaar on 9 May 2010 for AED 314,900, or AED 324 per sqft.
  • Rented since December 2012 on 10 Ejari contracts. The rent fell from AED 110,000 to AED 68,000 in 2021 and recovered to AED 115,000 by October 2024.
  • At AED 115,000 a year the gross yield on the 2010 price is 36.5%, before a service charge of about AED 14,700 a year (AED 15.11 per sqft).
  • One-beds in Al Majara Tower 2 sold for AED 1,600,000–2,125,000 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 29 October 2024.

Questions about 101, Al Majara Tower 2

What did unit 101 last sell for?

AED 314,900 on 9 May 2010, sold by the developer: AED 324 per sqft for 971 sqft. It is the only registered sale of the unit.

What is the rent for unit 101?

AED 115,000 a year on the contract signed on 29 October 2024. The previous contract, from October 2023, was AED 89,750; the unit has been rented since December 2012.

How big is unit 101?

971 sqft (90.2 sqm): a one-bedroom apartment on the 1st floor of a 31-storey tower completed in 2006.

What is unit 101 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 2 sold for AED 1,600,000 to 2,125,000 in the last 12 months, around AED 2,044 per sqft.

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Mortgage on 101, Al Majara Tower 2

Starts from the last sale price (AED 315K, 9 May 2010). Switch to today's estimate once you have unlocked it.
Price
AED 314,900
Deposit, UAE resident (20%)
AED 62,980
Deposit, non-resident (40%)
AED 125,960
Monthly over 25 years at 3.7%
AED 1,288

Plus AED 16,136 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →