501, Al Majara Tower 2
Sold prices and rental history: sold once, by the developer in April 2008, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Al Majara Tower 2
What is 501 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 14 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 971 sqft
- Floor
- 5th of 31
- Parking
- 300
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 14,700 /yr
- Last sold
- AED 1.13M · April 2008
- Building
- Al Majara Tower 2
About 501, Al Majara Tower 2
501 is a one-bedroom apartment of 971 sqft on the 5th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 29 April 2008 for AED 1,130,000, or AED 1,163 per sqft, 149% above the AED 468 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 14 June 2024, is AED 100,000 a year: a gross yield of 8.8% on the 2008 price, before the service charge of about AED 14,700 a year.
Sales and rents for 501 over time
501 has sold once; the dashed line is the one-bed median of each year in the building.
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 501 sits
All 146 1-beds →501 last sold in April 2008 at AED 1,163 per sqft, 149% above what one-beds in Al Majara Tower 2 were fetching at the time (AED 468). 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. 501's AED 100,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Jan 202621 January 2026 | 971 sqft | 2,125,000 | 2,188 | ||
| 16 Jan 202616 January 2026 | 842 sqft | 1,600,000 | 1,900 | ||
| 16 May 202516 May 2025 | 945 sqft | 2,100,000 | 2,222 | ||
| 15 Jan 202515 January 2025 | 945 sqft | 1,700,000 | 1,799 |
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 5th floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 2-bed | 1,579 sqft | AED 2.1MAED 2,100,000 · Jan 2009January 2009 | 185,000 /yr | |
| 503 | 1-bed | 974 sqft | AED 2.3MAED 2,300,000 · Nov 2024November 2024 | 100,000 /yr | |
| 504 | 2-bed | 1,408 sqft | AED 1.45MAED 1,450,000 · Jun 2011June 2011 | ||
| 505 | 1-bed | 841 sqft | AED 577KAED 576,800 · Aug 2010August 2010 | 82,000 /yr | |
| 506 | 1-bed | 945 sqft | AED 1.42MAED 1,415,000 · Jun 2024June 2024 | 105,000 /yr | |
| 507 | 1-bed | 842 sqft | AED 1.03MAED 1,025,000 · Jan 2019January 2019 | 110,000 /yr | |
| 508 | 1,303 sqft | AED 2.2MAED 2,200,000 · Oct 2025October 2025 | 90,000 /yr |
501, Al Majara Tower 2 in numbers
- Sold once: by Emaar on 29 April 2008 for AED 1,130,000, or AED 1,163 per sqft.
- Rented since August 2017 on 5 Ejari contracts. The rent fell from AED 100,000 to AED 80,000 in 2021 and recovered to AED 100,000 by June 2024.
- At AED 100,000 a year the gross yield on the 2008 price is 8.8%, 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 14 June 2024.
Questions about 501, Al Majara Tower 2
What did unit 501 last sell for?
AED 1,130,000 on 29 April 2008, sold by the developer: AED 1,163 per sqft for 971 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 100,000 a year on the contract signed on 14 June 2024. The previous contract, from July 2023, was AED 100,000; the unit has been rented since August 2017.
How big is unit 501?
971 sqft (90.2 sqm): a one-bedroom apartment on the 5th floor of a 31-storey tower completed in 2006.
What is unit 501 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 501, Al Majara Tower 2
Starts from the last sale price (AED 1.13M, 29 April 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,130,000
- Deposit, UAE resident (20%)
- AED 226,000
- Deposit, non-resident (40%)
- AED 452,000
- Monthly over 25 years at 3.7%
- AED 4,623
Plus AED 52,470 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →