705, Al Majara Tower 2
Sold prices and rental history: sold 3 times, last in January 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 705, Al Majara Tower 2
What is 705 worth today?
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Source: Dubai Land Department. Updated 11 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 841 sqft
- Floor
- 7th of 31
- Parking
- 320
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 12,700 /yr
- Last sold
- AED 1.45M · January 2023
- Building
- Al Majara Tower 2
About 705, Al Majara Tower 2
705 is a one-bedroom apartment of 841 sqft on the 7th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 12 January 2023 for AED 1,450,000, or AED 1,724 per sqft, 12% above the AED 1,539 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 11 August 2024, is AED 112,545 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 12,700 a year.
Sales and rents for 705 over time
705 has sold 3 times; 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 705 sits
All 146 1-beds →705 last sold in January 2023 at AED 1,724 per sqft, 12% above what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,539). 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. 705's AED 112,545 is in the upper 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 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 | |
| 704 | 2-bed | 1,408 sqft | AED 1.05MAED 1,045,800 · Apr 2017April 2017 | 145,000 /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 |
705, Al Majara Tower 2 in numbers
- Sold 3 times: first on 4 August 2008 for AED 1,725,000, last on 12 January 2023 for AED 1,450,000 (AED 1,724 per sqft).
- Rented since March 2016 on 8 Ejari contracts. The rent fell from AED 115,000 to AED 60,000 in 2021 and recovered to AED 112,545 by August 2024.
- At AED 112,545 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 12,700 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 11 August 2024.
Questions about 705, Al Majara Tower 2
What did unit 705 last sell for?
AED 1,450,000 on 12 January 2023: AED 1,724 per sqft for 841 sqft. The unit has 3 registered sales; the first was AED 1,725,000 in August 2008.
What is the rent for unit 705?
AED 112,545 a year on the contract signed on 11 August 2024. The previous contract, from September 2021, was AED 60,000; the unit has been rented since March 2016.
How big is unit 705?
841 sqft (78.1 sqm): a one-bedroom apartment on the 7th floor of a 31-storey tower completed in 2006.
What is unit 705 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 705, Al Majara Tower 2
Starts from the last sale price (AED 1.45M, 12 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,450,000
- Deposit, UAE resident (20%)
- AED 290,000
- Deposit, non-resident (40%)
- AED 580,000
- Monthly over 25 years at 3.7%
- AED 5,932
Plus AED 65,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →