Home
Dubai prices
About
Research
2-bed · 1,579 sqftAl Majara Tower 2, Dubai Marina · 3rd floor · completed 2006

302, Al Majara Tower 2

Sold prices and rental history: sold twice, last in February 2015, and rented since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 19 February 2015
Last soldAED 3.5M19 February 2015
Current rentAED 175K /yr1 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Al Majara Tower 2

What is 302 worth today?

Last sold for AED 3,500,000 in 2015

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

19 Feb 2015SoldReady
AED 3,500,000AED 2,216 per sqft
1 Mar 2014RentedNew contract
AED 175,000/yr12 months · AED 111 per sqft
1 Mar 2012RentedNew contract
AED 160,000/yr12 months · AED 101 per sqft
18 Jun 2011RentedNew contract
AED 67,500/yr6 months · AED 43 per sqft
14 Sep 2009Sold by developerReady
AED 1,198,300AED 758 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 19 February 2015.

Key facts

Type
2-bed apartment
Size
1,579 sqft
Floor
3rd of 31
Parking
532
Developer
Emaar
Completed
2006
Service charge
AED 23,900 /yr
Last sold
AED 3.5M · February 2015
Building
Al Majara Tower 2

About 302, Al Majara Tower 2

302 is a two-bedroom apartment of 1,579 sqft on the 3rd floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 19 February 2015 for AED 3,500,000, or AED 2,216 per sqft, 8% above the AED 2,058 two-beds in the building were fetching at the time.

It has been rented since 2011 on 3 Ejari contracts. The current contract, signed on 1 March 2014, is AED 175,000 a year: a gross yield of 5.0% on the 2015 price, before the service charge of about AED 23,900 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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, September 2009: AED 1,198,300 (AED 758 per sqft)Sold, February 2015: AED 3,500,000 (AED 2,216 per sqft)

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

Rents
Unit 302, each contractTypical two-bed in Al Majara Tower 2
100K200K20112015201920232027Typical 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, June 2011: AED 67,500 a yearNew contract, March 2012: AED 160,000 a yearNew contract, March 2014: AED 175,000 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 302 sits

All 88 2-beds →

302 last sold in February 2015 at AED 2,216 per sqft, 8% above what two-beds in Al Majara Tower 2 were fetching at the time (AED 2,058). 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. 302's AED 175,000 is in the upper half 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 3rd floor

All 246 units in Al Majara Tower 2
Value
3011-bedAED 1.4M · Jan 2011
3031-bedAED 1.82M · Jun 2023
3042-bedAED 2.53M · Jul 2017
3051-bedAED 281K · May 2010
3061-bedAED 700K · Jul 2013
3071-bedAED 640K · Aug 2010
3082-bedAED 1.93M · Jul 2017

302, Al Majara Tower 2 in numbers

  • Sold twice: first on 14 September 2009 for AED 1,198,300, last on 19 February 2015 for AED 3,500,000 (AED 2,216 per sqft).
  • Rented since June 2011 on 3 Ejari contracts, from AED 67,500 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2015 price is 5.0%, before a service charge of about AED 23,900 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 19 February 2015.

Questions about 302, Al Majara Tower 2

What did unit 302 last sell for?

AED 3,500,000 on 19 February 2015: AED 2,216 per sqft for 1,579 sqft. The unit has 2 registered sales; the first was AED 1,198,300 in September 2009.

What is the rent for unit 302?

AED 175,000 a year on the contract signed on 1 March 2014. The previous contract, from March 2012, was AED 160,000; the unit has been rented since June 2011.

How big is unit 302?

1,579 sqft (146.7 sqm): a two-bedroom apartment on the 3rd floor of a 31-storey tower completed in 2006.

What is unit 302 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.

Selling 302? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 302, Al Majara Tower 2

Starts from the last sale price (AED 3.5M, 19 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

Plus AED 152,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →