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2-bed · 1,401 sqftAl Majara Tower 3, Dubai Marina · 1st floor · completed 2006

106, Al Majara Tower 3

Sold prices and rental history: sold twice, last in January 2011, and rented once, from August 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 106 · DLD and Ejari recordsUpdated 1 August 2021
Last soldAED 1.3M20 January 2011
Current rentAED 130K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 106, Al Majara Tower 3

What is 106 worth today?

Last sold for AED 1,300,000 in 2011

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1 Aug 2021RentedNew contract
AED 130,000/yr12 months · AED 93 per sqft
20 Jan 2011SoldReady
AED 1,300,000AED 927 per sqft
13 Apr 2008Sold by developerReady
AED 1,168,908AED 834 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2021.

Key facts

Type
2-bed apartment
Size
1,401 sqft
Floor
1st of 9
Parking
722 , 721
Developer
Emaar
Completed
2006
Service charge
AED 21,200 /yr
Last sold
AED 1.3M · January 2011
Building
Al Majara Tower 3

About 106, Al Majara Tower 3

106 is a two-bedroom apartment of 1,401 sqft on the 1st floor of Al Majara Tower 3, a 9-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 20 January 2011 for AED 1,300,000, or AED 927 per sqft, 21% above the AED 768 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2021. The current contract, signed on 1 August 2021, is AED 130,000 a year: a gross yield of 10.0% on the 2011 price, before the service charge of about AED 21,200 a year.

Sales and rents for 106 over time

Sales
Unit 106, each saleTypical two-bed in Al Majara Tower 3
1M2M2008201220162020Typical sale price by year: 2008 AED 1,250,000; 2009 AED 1,200,000; 2010 AED 903,444; 2011 AED 1,141,944; 2012 AED 1,525,250; 2013 AED 910,800; 2015 AED 1,936,913; 2017 AED 1,825,000; 2018 AED 2,050,000; 2019 AED 1,480,000; 2022 AED 2,025,000Sold by developer, April 2008: AED 1,168,908 (AED 834 per sqft)Sold, January 2011: AED 1,300,000 (AED 927 per sqft)

106 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 106, each contractTypical two-bed in Al Majara Tower 3
100K150K2013201720212025Typical rent by year: 2013 AED 137,025; 2014 AED 165,000; 2015 AED 162,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 125,000; 2020 AED 105,000; 2021 AED 105,000; 2022 AED 120,000; 2023 AED 143,000; 2024 AED 155,000; 2025 AED 165,000; 2026 AED 175,000New contract, August 2021: AED 130,000 a year

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 3, and where 106 sits

All 35 2-beds →

106 last sold in January 2011 at AED 927 per sqft, 21% above what two-beds in Al Majara Tower 3 were fetching at the time (AED 768). Over the last 12 months two-beds sold for AED 2,550,000, around AED 1,820 per sqft, and rent for AED 155,000 to 200,000 a year. 106's AED 130,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Dec 20252,550,000
16 Jun 20252,925,000
19 Sep 20243,275,000
7 Jun 20232,770,000
1 2-bed sale in the last 12 months

Al Majara Tower 3

Building

55 apartments, 1-bed to 3-bed over 9 floors in Dubai Marina, completed in 2006 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 1,820
Typical sale
AED 2.55M
Typical rent
AED 135K /yr
Typical yield
7.0%
Al Majara Tower 3, Dubai Marina: prices, sales and rents →

Other units on the 1st floor

All 55 units in Al Majara Tower 3
Value
1012-bedAED 687K · Mar 2017
1021-bedAED 585K · Dec 2008
1032-bedAED 1.8M · Aug 2017
1042-bedAED 2.5M · Jul 2014
105AED 750K · Oct 2010

106, Al Majara Tower 3 in numbers

  • Sold twice: first on 13 April 2008 for AED 1,168,908, last on 20 January 2011 for AED 1,300,000 (AED 927 per sqft).
  • Rented since August 2021 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2011 price is 10.0%, before a service charge of about AED 21,200 a year (AED 15.11 per sqft).
  • Two-beds in Al Majara Tower 3 sold for AED 2,550,000–2,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,820 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2021.

Questions about 106, Al Majara Tower 3

What did unit 106 last sell for?

AED 1,300,000 on 20 January 2011: AED 927 per sqft for 1,401 sqft. The unit has 2 registered sales; the first was AED 1,168,908 in April 2008.

What is the rent for unit 106?

AED 130,000 a year on the contract signed on 1 August 2021.

How big is unit 106?

1,401 sqft (130.2 sqm): a two-bedroom apartment on the 1st floor of a 9-storey tower completed in 2006.

What is unit 106 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 3 sold for AED 2,550,000 to 2,550,000 in the last 12 months, around AED 1,820 per sqft.

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Mortgage on 106, Al Majara Tower 3

Starts from the last sale price (AED 1.3M, 20 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

Plus AED 59,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →