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1-bed · 974 sqftAl Majara Tower 2, Dubai Marina · 2nd floor · completed 2006

203, Al Majara Tower 2

Sold prices and rental history: sold 4 times, last in August 2023, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 14 August 2023
Last soldAED 1.97M14 August 2023
Current rentAED 50K /yr29 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, Al Majara Tower 2

What is 203 worth today?

Last sold for AED 1,970,000 in 2023

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14 Aug 2023SoldReady
AED 1,970,000AED 2,022 per sqft
29 Dec 2019RentedNew contract
AED 50,000/yr12 months · AED 52 per sqft
15 Mar 2017RentedNew contract
AED 100,000/yr12 months · AED 103 per sqft
13 Sep 2015RentedNew contract
AED 100,000/yr12 months · AED 103 per sqft
8 Jan 2014SoldReady
AED 1,850,000AED 1,899 per sqft
29 Jun 2009Sold by developerReady
AED 1,069,000AED 1,097 per sqft
29 Jun 2009SoldReady
AED 771,888AED 792 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 August 2023.

Key facts

Type
1-bed apartment
Size
974 sqft
Floor
2nd of 31
Parking
604
Developer
Emaar
Completed
2006
Service charge
AED 14,700 /yr
Last sold
AED 1.97M · August 2023
Building
Al Majara Tower 2

About 203, Al Majara Tower 2

203 is a one-bedroom apartment of 974 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 August 2023 for AED 1,970,000, or AED 2,022 per sqft, 24% above the AED 1,637 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 29 December 2019, is AED 50,000 a year: a gross yield of 2.5% on the 2023 price, before the service charge of about AED 14,700 a year.

Sales and rents for 203 over time

Sales
Unit 203, 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 2009: AED 1,069,000 (AED 1,097 per sqft)Sold, June 2009: AED 771,888 (AED 792 per sqft)Sold, January 2014: AED 1,850,000 (AED 1,899 per sqft)Sold, August 2023: AED 1,970,000 (AED 2,022 per sqft)

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

Rents
Unit 203, each contractTypical one-bed in Al Majara Tower 2
50K100K20112015201920232027Typical 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 2015: AED 100,000 a yearNew contract, March 2017: AED 100,000 a yearNew contract, December 2019: AED 50,000 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 203 sits

All 146 1-beds →

203 last sold in August 2023 at AED 2,022 per sqft, 24% above what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,637). 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. 203's AED 50,000 is at the bottom 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 2nd floor

All 246 units in Al Majara Tower 2
Value
2012-bedAED 2.1M · Sep 2023
2022-bedAED 3.2M · Mar 2017
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

203, Al Majara Tower 2 in numbers

  • Sold 4 times: first on 29 June 2009 for AED 771,888, last on 14 August 2023 for AED 1,970,000 (AED 2,022 per sqft).
  • Rented since September 2015 on 3 Ejari contracts, from AED 100,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 2.5%, 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 14 August 2023.

Questions about 203, Al Majara Tower 2

What did unit 203 last sell for?

AED 1,970,000 on 14 August 2023: AED 2,022 per sqft for 974 sqft. The unit has 4 registered sales; the first was AED 771,888 in June 2009.

What is the rent for unit 203?

AED 50,000 a year on the contract signed on 29 December 2019. The previous contract, from March 2017, was AED 100,000; the unit has been rented since September 2015.

How big is unit 203?

974 sqft (90.5 sqm): a one-bedroom apartment on the 2nd floor of a 31-storey tower completed in 2006.

What is unit 203 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 203, Al Majara Tower 2

Starts from the last sale price (AED 1.97M, 14 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,970,000
Deposit, UAE resident (20%)
AED 394,000
Deposit, non-resident (40%)
AED 788,000
Monthly over 25 years at 3.7%
AED 8,060

Plus AED 87,750 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →