408, Al Majara Tower 2
Sold prices and rental history: sold once, by the developer in April 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Al Majara Tower 2
What is 408 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 3 May 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,303 sqft
- Floor
- 4th of 31
- Parking
- 299
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 19,700 /yr
- Last sold
- AED 932K · April 2010
- Building
- Al Majara Tower 2
About 408, Al Majara Tower 2
408 is a two-bedroom apartment of 1,303 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 4 April 2010 for AED 931,888, or AED 715 per sqft, 20% below the AED 890 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 3 May 2025, is AED 145,000 a year: a gross yield of 15.6% on the 2010 price, before the service charge of about AED 19,700 a year.
Sales and rents for 408 over time
408 has sold once; the dashed line is the two-bed median of each year in the building.
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 408 sits
All 88 2-beds →408 last sold in April 2010 at AED 715 per sqft, 20% below what two-beds in Al Majara Tower 2 were fetching at the time (AED 890). 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. 408's AED 145,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Dec 202511 December 2025 | 1,579 sqft | 4,150,000 | 2,628 | ||
| 23 Apr 202523 April 2025 | 1,579 sqft | 3,900,000 | 2,469 | ||
| 16 Apr 202516 April 2025 | 1,408 sqft | 4,175,000 | 2,965 | ||
| 19 Dec 202419 December 2024 | 1,303 sqft | 2,650,000 | 2,033 |
Al Majara Tower 2
Building246 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%
Other units on the 4th floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 971 sqft | AED 2.13MAED 2,125,000 · Jan 2026January 2026 | 115,000 /yr | |
| 402 | 2-bed | 1,579 sqft | AED 2.32MAED 2,320,000 · Oct 2024October 2024 | 59,946 /yr | |
| 403 | 1-bed | 974 sqft | AED 686KAED 685,800 · Jul 2011July 2011 | 95,000 /yr | |
| 404 | 2-bed | 1,408 sqft | AED 1.75MAED 1,750,000 · Jul 2019July 2019 | 165,000 /yr | |
| 405 | 1-bed | 841 sqft | AED 800KAED 800,000 · Oct 2013October 2013 | 105,000 /yr | |
| 406 | 1-bed | 945 sqft | AED 1.7MAED 1,700,000 · Jan 2025January 2025 | 110,000 /yr | |
| 407 | 1-bed | 842 sqft | AED 1.15MAED 1,150,000 · Jan 2023January 2023 | 92,500 /yr |
408, Al Majara Tower 2 in numbers
- Sold once: by Emaar on 4 April 2010 for AED 931,888, or AED 715 per sqft.
- Rented since June 2013 on 11 Ejari contracts. The rent fell from AED 103,998 to AED 85,000 in 2021 and recovered to AED 145,000 by May 2025.
- At AED 145,000 a year the gross yield on the 2010 price is 15.6%, 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 3 May 2025.
Questions about 408, Al Majara Tower 2
What did unit 408 last sell for?
AED 931,888 on 4 April 2010, sold by the developer: AED 715 per sqft for 1,303 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 145,000 a year on the contract renewed on 3 May 2025. The previous contract, from May 2024, was AED 127,000; the unit has been rented since June 2013.
How big is unit 408?
1,303 sqft (121.1 sqm): a two-bedroom apartment on the 4th floor of a 31-storey tower completed in 2006.
What is unit 408 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 408? 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.
Mortgage on 408, Al Majara Tower 2
Starts from the last sale price (AED 932K, 4 April 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 931,888
- Deposit, UAE resident (20%)
- AED 186,378
- Deposit, non-resident (40%)
- AED 372,755
- Monthly over 25 years at 3.7%
- AED 3,813
Plus AED 44,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →