704, Al Majara Tower 2
Sold prices and rental history: sold once, by the developer in April 2017, 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 704, Al Majara Tower 2
What is 704 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,408 sqft
- Floor
- 7th of 31
- Parking
- 319
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 21,300 /yr
- Last sold
- AED 1.05M · April 2017
- Building
- Al Majara Tower 2
About 704, Al Majara Tower 2
704 is a two-bedroom apartment of 1,408 sqft on the 7th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 20 April 2017 for AED 1,045,800, or AED 742 per sqft, 58% below the AED 1,775 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 145,000 a year: a gross yield of 13.9% on the 2017 price, before the service charge of about AED 21,300 a year.
Sales and rents for 704 over time
704 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 704 sits
All 88 2-beds →704 last sold in April 2017 at AED 742 per sqft, 58% below what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,775). 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. 704'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 7th floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 971 sqft | AED 341KAED 341,400 · Jul 2010July 2010 | 60,000 /yr | |
| 702 | 2-bed | 1,579 sqft | AED 1.25MAED 1,248,300 · Feb 2016February 2016 | 137,500 /yr | |
| 703 | 1-bed | 487 sqft | AED 1.28MAED 1,275,000 · Jul 2015July 2015 | 124,629 /yr | |
| 705 | 1-bed | 841 sqft | AED 1.45MAED 1,450,000 · Jan 2023January 2023 | 112,545 /yr | |
| 706 | 1-bed | 945 sqft | AED 450KAED 450,000 · Nov 2008November 2008 | ||
| 707 | 1-bed | 842 sqft | AED 247KAED 246,900 · Dec 2007December 2007 | 105,000 /yr | |
| 708 | 2-bed | 1,303 sqft | AED 1.28MAED 1,275,000 · Apr 2009April 2009 | 170,000 /yr |
704, Al Majara Tower 2 in numbers
- Sold once: by Emaar on 20 April 2017 for AED 1,045,800, or AED 742 per sqft.
- Rented since May 2017 on 7 Ejari contracts. The rent fell from AED 180,000 to AED 110,000 in 2022 and recovered to AED 145,000 by November 2024.
- At AED 145,000 a year the gross yield on the 2017 price is 13.9%, before a service charge of about AED 21,300 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 1 November 2024.
Questions about 704, Al Majara Tower 2
What did unit 704 last sell for?
AED 1,045,800 on 20 April 2017, sold by the developer: AED 742 per sqft for 1,408 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 145,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 132,000; the unit has been rented since May 2017.
How big is unit 704?
1,408 sqft (130.8 sqm): a two-bedroom apartment on the 7th floor of a 31-storey tower completed in 2006.
What is unit 704 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 704, Al Majara Tower 2
Starts from the last sale price (AED 1.05M, 20 April 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,045,800
- Deposit, UAE resident (20%)
- AED 209,160
- Deposit, non-resident (40%)
- AED 418,320
- Monthly over 25 years at 3.7%
- AED 4,279
Plus AED 48,934 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →