1-bed · 945 sqftAl Majara Tower 2, Dubai Marina · 19th floor · completed 2006

1906, Al Majara Tower 2

Sold prices and rental history: sold twice, last in May 2024, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1906 · DLD and Ejari recordsUpdated 10 May 2024
Last soldAED 1.6M10 May 2024
Current rentAED 166K /yr21 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1906, Al Majara Tower 2

What is 1906 worth today?

Last sold for AED 1,600,000 in 2024

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10 May 2024SoldReady
AED 1,600,000AED 1,693 per sqft
21 Nov 2015RentedNew contract
AED 166,286/yr7 months · AED 176 per sqft
10 Apr 2015RentedNew contract
AED 144,828/yr7 months · AED 153 per sqft
10 Jan 2015RentedNew contract
AED 144,000/yr3 months · AED 152 per sqft
10 Jun 2010Sold by developerReady
AED 900,000AED 952 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 May 2024.

Key facts

Type
1-bed apartment
Size
945 sqft
Floor
19th of 31
Parking
347
Developer
Emaar
Completed
2006
Service charge
AED 14,300 /yr
Last sold
AED 1.6M · May 2024

About 1906, Al Majara Tower 2

1906 is a one-bedroom apartment of 945 sqft on the 19th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 10 May 2024 for AED 1,600,000, or AED 1,693 per sqft, 3% below the AED 1,747 one-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 21 November 2015, is AED 166,286 a year: a gross yield of 10.4% on the 2024 price, before the service charge of about AED 14,300 a year.

Sales and rents for 1906 over time

Sales
Unit 1906, 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, June 2010: AED 900,000 (AED 952 per sqft)Sold, May 2024: AED 1,600,000 (AED 1,693 per sqft)

1906 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1906, each contractTypical one-bed in Al Majara Tower 2
50K100K150K20112015201920232027Typical 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, January 2015: AED 144,000 a yearNew contract, April 2015: AED 144,828 a yearNew contract, November 2015: AED 166,286 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 1906 sits

All 146 1-beds →

1906 last sold in May 2024 at AED 1,693 per sqft, 3% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,747). 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. 1906's AED 166,286 is at the top 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 19th floor

All 246 units in Al Majara Tower 2
Value
19011-bedAED 1.4M · Oct 2012
19022-bedAED 3M · Sep 2023
19031-bedAED 875K · May 2014
19042-bedAED 1.19M · Jul 2010
19051-bedAED 1.22M · May 2018
19071-bedAED 1.3M · Feb 2009
19082-bedAED 2M · Aug 2022

1906, Al Majara Tower 2 in numbers

  • Sold twice: first on 10 June 2010 for AED 900,000, last on 10 May 2024 for AED 1,600,000 (AED 1,693 per sqft).
  • Rented since January 2015 on 3 Ejari contracts, from AED 144,000 to AED 166,286 a year.
  • At AED 166,286 a year the gross yield on the 2024 price is 10.4%, before a service charge of about AED 14,300 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 10 May 2024.

Questions about 1906, Al Majara Tower 2

What did unit 1906 last sell for?

AED 1,600,000 on 10 May 2024: AED 1,693 per sqft for 945 sqft. The unit has 2 registered sales; the first was AED 900,000 in June 2010.

What is the rent for unit 1906?

AED 166,286 a year on the contract signed on 21 November 2015. The previous contract, from April 2015, was AED 144,828; the unit has been rented since January 2015.

How big is unit 1906?

945 sqft (87.8 sqm): a one-bedroom apartment on the 19th floor of a 31-storey tower completed in 2006.

What is unit 1906 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 1906, Al Majara Tower 2

Starts from the last sale price (AED 1.6M, 10 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

Plus AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →