1-bed · 920 sqftAl Majara Tower 2, Dubai Marina · 1st floor · completed 2006

106, Al Majara Tower 2

Sold prices and rental history: sold twice, last in February 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 106 · DLD and Ejari recordsUpdated 6 February 2018
Last soldAED 1.15M6 February 2018
Current rentAED 89K /yr1 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 106, Al Majara Tower 2

What is 106 worth today?

Last sold for AED 1,150,000 in 2018

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6 Feb 2018SoldReady
AED 1,150,000AED 1,250 per sqft
1 Sep 2017RentedRenewal
AED 89,250/yr12 months · AED 98 per sqft
1 Sep 2015RentedRenewal
AED 89,250/yr12 months · AED 98 per sqft
1 Sep 2013RentedNew contract
AED 85,000/yr12 months · AED 93 per sqft
28 Aug 2008Sold by developerReady
AED 580,800AED 631 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 February 2018.

Key facts

Type
1-bed apartment
Size
920 sqft
Floor
1st of 31
Parking
167
Developer
Emaar
Completed
2006
Service charge
AED 13,900 /yr
Last sold
AED 1.15M · February 2018

About 106, Al Majara Tower 2

106 is a one-bedroom apartment of 920 sqft on the 1st floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 6 February 2018 for AED 1,150,000, or AED 1,250 per sqft, 23% below the AED 1,615 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 1 September 2017, is AED 89,250 a year: a gross yield of 7.8% on the 2018 price, before the service charge of about AED 13,900 a year.

Sales and rents for 106 over time

Sales
Unit 106, 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, August 2008: AED 580,800 (AED 631 per sqft)Sold, February 2018: AED 1,150,000 (AED 1,250 per sqft)

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

Rents
Unit 106, each contractTypical one-bed in Al Majara Tower 2
75K100K125K20112015201920232027Typical 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, September 2013: AED 85,000 a yearRenewal, September 2015: AED 89,250 a yearRenewal, September 2017: AED 89,250 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 106 sits

All 146 1-beds →

106 last sold in February 2018 at AED 1,250 per sqft, 23% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,615). 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. 106's AED 89,250 is in the lower 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
1011-bedAED 315K · May 2010
1022-bedAED 2.95M · Feb 2024
1031-bedAED 842K · May 2008
1042-bedAED 2.6M · Jun 2023
1051-bedAED 1.59M · May 2024
1071-bedAED 1.44M · May 2008
1081-bedAED 857K · Mar 2016

106, Al Majara Tower 2 in numbers

  • Sold twice: first on 28 August 2008 for AED 580,800, last on 6 February 2018 for AED 1,150,000 (AED 1,250 per sqft).
  • Rented since September 2013 on 3 Ejari contracts, from AED 85,000 to AED 89,250 a year.
  • At AED 89,250 a year the gross yield on the 2018 price is 7.8%, before a service charge of about AED 13,900 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: YallaValue analysis of Dubai Land Department records. Updated 6 February 2018.

Questions about 106, Al Majara Tower 2

What did unit 106 last sell for?

AED 1,150,000 on 6 February 2018: AED 1,250 per sqft for 920 sqft. The unit has 2 registered sales; the first was AED 580,800 in August 2008.

What is the rent for unit 106?

AED 89,250 a year on the contract renewed on 1 September 2017. The previous contract, from September 2015, was AED 89,250; the unit has been rented since September 2013.

How big is unit 106?

920 sqft (85.5 sqm): a one-bedroom apartment on the 1st floor of a 31-storey tower completed in 2006.

What is unit 106 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 106, Al Majara Tower 2

Starts from the last sale price (AED 1.15M, 6 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

Plus AED 53,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →