1603, Al Majara Tower 2
Sold prices and rental history: sold twice, last in July 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Al Majara Tower 2
What is 1603 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 16 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 974 sqft
- Floor
- 16th of 31
- Parking
- 479
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 14,700 /yr
- Last sold
- AED 1.7M · July 2016
- Building
- Al Majara Tower 2
About 1603, Al Majara Tower 2
1603 is a one-bedroom apartment of 974 sqft on the 16th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 14 July 2016 for AED 1,700,000, or AED 1,745 per sqft, in line with the AED 1,796 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 16 July 2024, is AED 100,000 a year: a gross yield of 5.9% on the 2016 price, before the service charge of about AED 14,700 a year.
Sales and rents for 1603 over time
1603 has sold twice; the dashed line is the one-bed median of each year in the building.
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 1603 sits
All 146 1-beds →1603 last sold in July 2016 at AED 1,745 per sqft, in line with what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,796). 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. 1603's AED 100,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Jan 202621 January 2026 | 971 sqft | 2,125,000 | 2,188 | ||
| 16 Jan 202616 January 2026 | 842 sqft | 1,600,000 | 1,900 | ||
| 16 May 202516 May 2025 | 945 sqft | 2,100,000 | 2,222 | ||
| 15 Jan 202515 January 2025 | 945 sqft | 1,700,000 | 1,799 |
Al Majara Tower 2
Building246 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%
Other units on the 16th floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 971 sqft | AED 1.9MAED 1,900,000 · Jun 2015June 2015 | ||
| 1602 | 2-bed | 1,579 sqft | AED 680KAED 680,400 · Jun 2010June 2010 | 185,000 /yr | |
| 1604 | 2-bed | 1,408 sqft | AED 2.5MAED 2,500,000 · Jun 2022June 2022 | 140,000 /yr | |
| 1605 | 1-bed | 841 sqft | AED 684KAED 683,800 · Jul 2016July 2016 | 70,000 /yr | |
| 1606 | 1-bed | 945 sqft | AED 2MAED 2,000,000 · Aug 2024August 2024 | 120,000 /yr | |
| 1607 | 1-bed | 842 sqft | AED 1.19MAED 1,185,000 · Feb 2023February 2023 | 125,000 /yr | |
| 1608 | 1,303 sqft | AED 3.05MAED 3,050,000 · Sep 2025September 2025 | 140,000 /yr |
1603, Al Majara Tower 2 in numbers
- Sold twice: first on 6 August 2013 for AED 402,900, last on 14 July 2016 for AED 1,700,000 (AED 1,745 per sqft).
- Rented since September 2016 on 6 Ejari contracts. The rent fell from AED 115,000 to AED 75,000 in 2021 and recovered to AED 100,000 by July 2024.
- At AED 100,000 a year the gross yield on the 2016 price is 5.9%, 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: YallaValue analysis of Dubai Land Department records. Updated 16 July 2024.
Questions about 1603, Al Majara Tower 2
What did unit 1603 last sell for?
AED 1,700,000 on 14 July 2016: AED 1,745 per sqft for 974 sqft. The unit has 2 registered sales; the first was AED 402,900 in August 2013.
What is the rent for unit 1603?
AED 100,000 a year on the contract signed on 16 July 2024. The previous contract, from June 2023, was AED 90,000; the unit has been rented since September 2016.
How big is unit 1603?
974 sqft (90.5 sqm): a one-bedroom apartment on the 16th floor of a 31-storey tower completed in 2006.
What is unit 1603 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 1603, Al Majara Tower 2
Starts from the last sale price (AED 1.7M, 14 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus AED 76,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →