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2-bed · 1,579 sqftAl Majara Tower 2, Dubai Marina · 11th floor · completed 2006

1102, Al Majara Tower 2

Sold prices and rental history: sold 4 times, last in May 2018, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1102 · DLD and Ejari recordsUpdated 27 May 2018
Last soldAED 2.65M27 May 2018
Current rentAED 180K /yr5 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1102, Al Majara Tower 2

What is 1102 worth today?

Last sold for AED 2,650,000 in 2018

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27 May 2018SoldReady
AED 2,650,000AED 1,678 per sqft
5 Jan 2017RentedNew contract
AED 180,000/yr12 months · AED 114 per sqft
11 Dec 2015RentedNew contract
AED 180,000/yr12 months · AED 114 per sqft
26 Nov 2013SoldReady
AED 1,500,000AED 949 per sqft
12 Jun 2008Sold by developerReady
AED 2,121,951AED 1,343 per sqft
12 Jun 2008SoldReady
AED 2,400,000AED 1,519 per sqft

Source: Dubai Land Department. Updated 27 May 2018.

Key facts

Type
2-bed apartment
Size
1,579 sqft
Floor
11th of 31
Parking
603
Developer
Emaar
Completed
2006
Service charge
AED 23,900 /yr
Last sold
AED 2.65M · May 2018
Building
Al Majara Tower 2

About 1102, Al Majara Tower 2

1102 is a two-bedroom apartment of 1,579 sqft on the 11th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 27 May 2018 for AED 2,650,000, or AED 1,678 per sqft, in line with the AED 1,665 two-beds in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 5 January 2017, is AED 180,000 a year: a gross yield of 6.8% on the 2018 price, before the service charge of about AED 23,900 a year.

Sales and rents for 1102 over time

Sales
Unit 1102, 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, June 2008: AED 2,121,951 (AED 1,343 per sqft)Sold, June 2008: AED 2,400,000 (AED 1,519 per sqft)Sold, November 2013: AED 1,500,000 (AED 949 per sqft)Sold, May 2018: AED 2,650,000 (AED 1,678 per sqft)

1102 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1102, each contractTypical two-bed in Al Majara Tower 2
100K150K2012201620202024Typical 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, December 2015: AED 180,000 a yearNew contract, January 2017: AED 180,000 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 1102 sits

All 88 2-beds →

1102 last sold in May 2018 at AED 1,678 per sqft, in line with what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,665). 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. 1102's AED 180,000 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 11th floor

All 246 units in Al Majara Tower 2
Value
11011-bedAED 1.2M · Jun 2010
11031-bedAED 378K · Oct 2009
11042-bedAED 2.33M · Oct 2021
11051-bedAED 800K · Nov 2020
1106AED 1.95M · Sep 2025
11071-bedAED 1.55M · Nov 2024
11082-bedAED 1.25M · Oct 2020

1102, Al Majara Tower 2 in numbers

  • Sold 4 times: first on 12 June 2008 for AED 2,400,000, last on 27 May 2018 for AED 2,650,000 (AED 1,678 per sqft).
  • Rented since December 2015 on 2 Ejari contracts, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2018 price is 6.8%, 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 27 May 2018.

Questions about 1102, Al Majara Tower 2

What did unit 1102 last sell for?

AED 2,650,000 on 27 May 2018: AED 1,678 per sqft for 1,579 sqft. The unit has 4 registered sales; the first was AED 2,400,000 in June 2008.

What is the rent for unit 1102?

AED 180,000 a year on the contract signed on 5 January 2017. The previous contract, from December 2015, was AED 180,000.

How big is unit 1102?

1,579 sqft (146.7 sqm): a two-bedroom apartment on the 11th floor of a 31-storey tower completed in 2006.

What is unit 1102 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 1102, Al Majara Tower 2

Starts from the last sale price (AED 2.65M, 27 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

Plus AED 116,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →