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2-bed · 1,303 sqftAl Majara Tower 2, Dubai Marina · 3rd floor · completed 2006

308, Al Majara Tower 2

Sold prices and rental history: sold once, by the developer in July 2017, and rented once, from August 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 10 August 2024
Last soldAED 1.93M24 July 2017
Current rentAED 180K /yr10 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Al Majara Tower 2

What is 308 worth today?

Last sold for AED 1,925,000 in 2017

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10 Aug 2024RentedNew contract
AED 180,000/yr12 months · AED 138 per sqft
24 Jul 2017Sold by developerReady
AED 1,925,000AED 1,477 per sqft

Source: Dubai Land Department. Updated 10 August 2024.

Key facts

Type
2-bed apartment
Size
1,303 sqft
Floor
3rd of 31
Parking
330
Developer
Emaar
Completed
2006
Service charge
AED 19,700 /yr
Last sold
AED 1.93M · July 2017
Building
Al Majara Tower 2

About 308, Al Majara Tower 2

308 is a two-bedroom apartment of 1,303 sqft on the 3rd floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 24 July 2017 for AED 1,925,000, or AED 1,477 per sqft, 18% below the AED 1,793 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 August 2024. The current contract, signed on 10 August 2024, is AED 180,000 a year: a gross yield of 9.3% on the 2017 price, before the service charge of about AED 19,700 a year.

Sales and rents for 308 over time

Sales
Unit 308, 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, July 2017: AED 1,925,000 (AED 1,477 per sqft)

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

Rents
Unit 308, each contractTypical two-bed in Al Majara Tower 2
100K150K2012201620202024Typical 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, August 2024: AED 180,000 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 308 sits

All 88 2-beds →

308 last sold in July 2017 at AED 1,477 per sqft, 18% below what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,793). 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. 308's AED 180,000 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
3022-bedAED 3.5M · Feb 2015
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

308, Al Majara Tower 2 in numbers

  • Sold once: by Emaar on 24 July 2017 for AED 1,925,000, or AED 1,477 per sqft.
  • Rented since August 2024 on one Ejari contract, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2017 price is 9.3%, 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: Dubai Land Department. Updated 10 August 2024.

Questions about 308, Al Majara Tower 2

What did unit 308 last sell for?

AED 1,925,000 on 24 July 2017, sold by the developer: AED 1,477 per sqft for 1,303 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 180,000 a year on the contract signed on 10 August 2024.

How big is unit 308?

1,303 sqft (121.1 sqm): a two-bedroom apartment on the 3rd floor of a 31-storey tower completed in 2006.

What is unit 308 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 308, Al Majara Tower 2

Starts from the last sale price (AED 1.93M, 24 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,925,000
Deposit, UAE resident (20%)
AED 385,000
Deposit, non-resident (40%)
AED 770,000
Monthly over 25 years at 3.7%
AED 7,876

Plus AED 85,860 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →