2-bed · 1,303 sqftAl Majara Tower 2, Dubai Marina · 2nd floor · completed 2006

208, Al Majara Tower 2

Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 208 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 433K20 June 2010
Current rentAED 125K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 208, Al Majara Tower 2

What is 208 worth today?

Last sold for AED 432,900 in 2010

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1 Sep 2022RentedRenewal
AED 125,000/yr12 months · AED 96 per sqft
1 Sep 2021RentedNew contract
AED 100,000/yr12 months · AED 77 per sqft
12 Aug 2020RentedRenewal
AED 80,000/yr12 months · AED 61 per sqft
12 Aug 2019RentedNew contract
AED 90,000/yr12 months · AED 69 per sqft
10 Jul 2018RentedNew contract
AED 110,000/yr12 months · AED 84 per sqft
13 Mar 2017RentedNew contract
AED 135,000/yr12 months · AED 104 per sqft
20 Jun 2010Sold by developerReady
AED 432,900AED 332 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2022.

Key facts

Type
2-bed apartment
Size
1,303 sqft
Floor
2nd of 31
Parking
595
Developer
Emaar
Completed
2006
Service charge
AED 19,700 /yr
Last sold
AED 433K · June 2010

About 208, Al Majara Tower 2

208 is a two-bedroom apartment of 1,303 sqft on the 2nd floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 20 June 2010 for AED 432,900, or AED 332 per sqft, 61% below the AED 862 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 125,000 a year: a gross yield of 28.9% on the 2010 price, before the service charge of about AED 19,700 a year.

Sales and rents for 208 over time

Sales
Unit 208, each saleTypical two-bed in Al Majara Tower 2
02M4M2008201320182023Typical 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 2010: AED 432,900 (AED 332 per sqft)

208 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 208, 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, March 2017: AED 135,000 a yearNew contract, July 2018: AED 110,000 a yearNew contract, August 2019: AED 90,000 a yearRenewal, August 2020: AED 80,000 a yearNew contract, September 2021: AED 100,000 a yearRenewal, September 2022: AED 125,000 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 208 sits

All 88 2-beds →

208 last sold in June 2010 at AED 332 per sqft, 61% below what two-beds in Al Majara Tower 2 were fetching at the time (AED 862). 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. 208's AED 125,000 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
2012-bedAED 2.1M · Sep 2023
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

208, Al Majara Tower 2 in numbers

  • Sold once: by Emaar on 20 June 2010 for AED 432,900, or AED 332 per sqft.
  • Rented since March 2017 on 6 Ejari contracts. The rent fell from AED 135,000 to AED 80,000 in 2020 and recovered to AED 125,000 by September 2022.
  • At AED 125,000 a year the gross yield on the 2010 price is 28.9%, before a service charge of about AED 19,700 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: YallaValue analysis of Dubai Land Department records. Updated 1 September 2022.

Questions about 208, Al Majara Tower 2

What did unit 208 last sell for?

AED 432,900 on 20 June 2010, sold by the developer: AED 332 per sqft for 1,303 sqft. It is the only registered sale of the unit.

What is the rent for unit 208?

AED 125,000 a year on the contract renewed on 1 September 2022. The previous contract, from September 2021, was AED 100,000; the unit has been rented since March 2017.

How big is unit 208?

1,303 sqft (121.1 sqm): a two-bedroom apartment on the 2nd floor of a 31-storey tower completed in 2006.

What is unit 208 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 208, Al Majara Tower 2

Starts from the last sale price (AED 433K, 20 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 432,900
Deposit, UAE resident (20%)
AED 86,580
Deposit, non-resident (40%)
AED 173,160
Monthly over 25 years at 3.7%
AED 1,771

Plus AED 21,092 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →