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

201, Al Majara Tower 2

Sold prices and rental history: sold 3 times, last in September 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 201 · DLD and Ejari recordsUpdated 14 September 2023
Last soldAED 2.1M14 September 2023
Current rentAED 100K /yr29 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 201, Al Majara Tower 2

What is 201 worth today?

Last sold for AED 2,100,000 in 2023

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14 Sep 2023SoldReady
AED 2,100,000AED 2,162 per sqft
29 Aug 2022RentedRenewal
AED 100,000/yr12 months · AED 103 per sqft
29 Aug 2021RentedNew contract
AED 92,000/yr12 months · AED 95 per sqft
13 Mar 2020RentedNew contract
AED 112,000/yr12 months · AED 116 per sqft
2 Mar 2019RentedNew contract
AED 125,000/yr12 months · AED 129 per sqft
4 Mar 2017RentedNew contract
AED 157,095/yr10 months · AED 162 per sqft
29 Jan 2015RentedNew contract
AED 145,000/yr12 months · AED 150 per sqft
2 Sep 2014SoldReady
AED 1,865,000AED 1,920 per sqft

Source: Dubai Land Department. Updated 14 September 2023.

Key facts

Type
2-bed apartment
Size
971 sqft
Floor
2nd of 31
Parking
608
Developer
Emaar
Completed
2006
Service charge
AED 14,700 /yr
Last sold
AED 2.1M · September 2023

About 201, Al Majara Tower 2

201 is a two-bedroom apartment of 971 sqft on the 2nd floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 14 September 2023 for AED 2,100,000, or AED 2,162 per sqft, 14% above the AED 1,899 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 29 August 2022, is AED 100,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 14,700 a year.

Sales and rents for 201 over time

Sales
Unit 201, 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, April 2008: AED 750,000 (AED 772 per sqft)Sold, September 2014: AED 1,865,000 (AED 1,920 per sqft)Sold, September 2023: AED 2,100,000 (AED 2,162 per sqft)

201 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 201, each contractTypical two-bed in Al Majara Tower 2
100K150K200K2012201620202024Typical 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, January 2015: AED 145,000 a yearNew contract, March 2017: AED 157,095 a yearNew contract, March 2019: AED 125,000 a yearNew contract, March 2020: AED 112,000 a yearNew contract, August 2021: AED 92,000 a yearRenewal, August 2022: AED 100,000 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 201 sits

All 88 2-beds →

201 last sold in September 2023 at AED 2,162 per sqft, 14% above what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,899). 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. 201's AED 100,000 is at the bottom 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 2nd floor

All 246 units in Al Majara Tower 2
Value
2022-bedAED 3.2M · Mar 2017
2031-bedAED 1.97M · Aug 2023
204AED 1.64M · May 2019
2051-bedAED 1.8M · Dec 2024
206AED 1.05M · Oct 2012
2071-bedAED 469K · Oct 2010
2082-bedAED 433K · Jun 2010

201, Al Majara Tower 2 in numbers

  • Sold 3 times: first on 29 April 2008 for AED 750,000, last on 14 September 2023 for AED 2,100,000 (AED 2,162 per sqft).
  • Rented since January 2015 on 6 Ejari contracts, from AED 145,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 14,700 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 14 September 2023.

Questions about 201, Al Majara Tower 2

What did unit 201 last sell for?

AED 2,100,000 on 14 September 2023: AED 2,162 per sqft for 971 sqft. The unit has 3 registered sales; the first was AED 750,000 in April 2008.

What is the rent for unit 201?

AED 100,000 a year on the contract renewed on 29 August 2022. The previous contract, from August 2021, was AED 92,000; the unit has been rented since January 2015.

How big is unit 201?

971 sqft (90.2 sqm): a two-bedroom apartment on the 2nd floor of a 31-storey tower completed in 2006.

What is unit 201 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 201, Al Majara Tower 2

Starts from the last sale price (AED 2.1M, 14 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

Plus AED 93,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →