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1-bed · 974 sqftAl Majara Tower 2, Dubai Marina · 4th floor · completed 2006

403, Al Majara Tower 2

Sold prices and rental history: sold once, by the developer in July 2011, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 14 July 2014
Last soldAED 686K18 July 2011
Current rentAED 95K /yr14 July 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 403, Al Majara Tower 2

What is 403 worth today?

Last sold for AED 685,800 in 2011

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14 Jul 2014RentedNew contract
AED 95,000/yr12 months · AED 98 per sqft
15 Jul 2013RentedNew contract
AED 90,000/yr12 months · AED 93 per sqft
18 Jul 2011Sold by developerReady
AED 685,800AED 704 per sqft

Source: Dubai Land Department. Updated 14 July 2014.

Key facts

Type
1-bed apartment
Size
974 sqft
Floor
4th of 31
Parking
333
Developer
Emaar
Completed
2006
Service charge
AED 14,700 /yr
Last sold
AED 686K · July 2011
Building
Al Majara Tower 2

About 403, Al Majara Tower 2

403 is a one-bedroom apartment of 974 sqft on the 4th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 18 July 2011 for AED 685,800, or AED 704 per sqft, 15% below the AED 828 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 14 July 2014, is AED 95,000 a year: a gross yield of 13.9% on the 2011 price, before the service charge of about AED 14,700 a year.

Sales and rents for 403 over time

Sales
Unit 403, 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, July 2011: AED 685,800 (AED 704 per sqft)

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

Rents
Unit 403, 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 2013: AED 90,000 a yearNew contract, July 2014: AED 95,000 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 403 sits

All 146 1-beds →

403 last sold in July 2011 at AED 704 per sqft, 15% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 828). 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. 403's AED 95,000 is in the lower 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 4th floor

All 246 units in Al Majara Tower 2
Value
4011-bedAED 2.13M · Jan 2026
4022-bedAED 2.32M · Oct 2024
4042-bedAED 1.75M · Jul 2019
4051-bedAED 800K · Oct 2013
4061-bedAED 1.7M · Jan 2025
4071-bedAED 1.15M · Jan 2023
4082-bedAED 932K · Apr 2010

403, Al Majara Tower 2 in numbers

  • Sold once: by Emaar on 18 July 2011 for AED 685,800, or AED 704 per sqft.
  • Rented since July 2013 on 2 Ejari contracts, from AED 90,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2011 price is 13.9%, 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: Dubai Land Department. Updated 14 July 2014.

Questions about 403, Al Majara Tower 2

What did unit 403 last sell for?

AED 685,800 on 18 July 2011, sold by the developer: AED 704 per sqft for 974 sqft. It is the only registered sale of the unit.

What is the rent for unit 403?

AED 95,000 a year on the contract signed on 14 July 2014. The previous contract, from July 2013, was AED 90,000.

How big is unit 403?

974 sqft (90.5 sqm): a one-bedroom apartment on the 4th floor of a 31-storey tower completed in 2006.

What is unit 403 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 403, Al Majara Tower 2

Starts from the last sale price (AED 686K, 18 July 2011). Switch to today's estimate once you have unlocked it.
Price
AED 685,800
Deposit, UAE resident (20%)
AED 137,160
Deposit, non-resident (40%)
AED 274,320
Monthly over 25 years at 3.7%
AED 2,806

Plus AED 33,814 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →