1-bed · 974 sqftAl Majara Tower 2, Dubai Marina · 3rd floor · completed 2006

303, Al Majara Tower 2

Sold prices and rental history: sold 6 times, last in June 2023, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 6 June 2023
Last soldAED 1.82M6 June 2023
Current rentAED 120K /yr12 July 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, Al Majara Tower 2

What is 303 worth today?

Last sold for AED 1,820,000 in 2023

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6 Jun 2023SoldReady
AED 1,820,000AED 1,868 per sqft
4 Sep 2018SoldReady
AED 1,550,000AED 1,591 per sqft
12 Jul 2017RentedRenewal
AED 120,000/yr12 months · AED 124 per sqft
12 Jul 2016RentedNew contract
AED 120,000/yr12 months · AED 124 per sqft
16 Sep 2015SoldReady
AED 1,400,000AED 1,437 per sqft
8 Jul 2015RentedNew contract
AED 120,000/yr12 months · AED 124 per sqft
10 Apr 2014SoldReady
AED 1,842,600AED 1,891 per sqft
4 Oct 2012SoldReady
AED 650,000AED 667 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 June 2023.

Key facts

Type
1-bed apartment
Size
974 sqft
Floor
3rd of 31
Parking
533
Developer
Emaar
Completed
2006
Service charge
AED 14,700 /yr
Last sold
AED 1.82M · June 2023

About 303, Al Majara Tower 2

303 is a one-bedroom apartment of 974 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 6 June 2023 for AED 1,820,000, or AED 1,868 per sqft, 20% above the AED 1,563 one-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, renewed on 12 July 2017, is AED 120,000 a year: a gross yield of 6.6% on the 2023 price, before the service charge of about AED 14,700 a year.

Sales and rents for 303 over time

Sales
Unit 303, 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, January 2009: AED 675,800 (AED 693 per sqft)Sold, October 2012: AED 650,000 (AED 667 per sqft)Sold, April 2014: AED 1,842,600 (AED 1,891 per sqft)Sold, September 2015: AED 1,400,000 (AED 1,437 per sqft)Sold, September 2018: AED 1,550,000 (AED 1,591 per sqft)Sold, June 2023: AED 1,820,000 (AED 1,868 per sqft)

303 has sold 6 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 303, each contractTypical one-bed in Al Majara Tower 2
75K100K125K20112015201920232027Typical 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, July 2015: AED 120,000 a yearNew contract, July 2016: AED 120,000 a yearRenewal, July 2017: AED 120,000 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 303 sits

All 146 1-beds →

303 last sold in June 2023 at AED 1,868 per sqft, 20% above what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,563). 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. 303's AED 120,000 is in the upper half 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 3rd floor

All 246 units in Al Majara Tower 2
Value
3011-bedAED 1.4M · Jan 2011
3022-bedAED 3.5M · Feb 2015
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

303, Al Majara Tower 2 in numbers

  • Sold 6 times: first on 15 January 2009 for AED 675,800, last on 6 June 2023 for AED 1,820,000 (AED 1,868 per sqft).
  • Rented since July 2015 on 3 Ejari contracts, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2023 price is 6.6%, 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 6 June 2023.

Questions about 303, Al Majara Tower 2

What did unit 303 last sell for?

AED 1,820,000 on 6 June 2023: AED 1,868 per sqft for 974 sqft. The unit has 6 registered sales; the first was AED 675,800 in January 2009.

What is the rent for unit 303?

AED 120,000 a year on the contract renewed on 12 July 2017. The previous contract, from July 2016, was AED 120,000; the unit has been rented since July 2015.

How big is unit 303?

974 sqft (90.5 sqm): a one-bedroom apartment on the 3rd floor of a 31-storey tower completed in 2006.

What is unit 303 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 303, Al Majara Tower 2

Starts from the last sale price (AED 1.82M, 6 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,820,000
Deposit, UAE resident (20%)
AED 364,000
Deposit, non-resident (40%)
AED 728,000
Monthly over 25 years at 3.7%
AED 7,446

Plus AED 81,450 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →