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

306, Al Majara Tower 3

Sold prices and rental history: sold twice, last in June 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 15 June 2015
Last soldAED 2.5M15 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, Al Majara Tower 3

What is 306 worth today?

Last sold for AED 2,500,000 in 2015

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15 Jun 2015SoldReady
AED 2,500,000AED 1,784 per sqft
22 Jun 2010Sold by developerReady
AED 1,700,000AED 1,213 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 June 2015.

Key facts

Type
2-bed apartment
Size
1,401 sqft
Floor
3rd of 9
Parking
264 , 278
Developer
Emaar
Completed
2006
Service charge
AED 21,200 /yr
Last sold
AED 2.5M · June 2015
Building
Al Majara Tower 3

About 306, Al Majara Tower 3

306 is a two-bedroom apartment of 1,401 sqft on the 3rd floor of Al Majara Tower 3, a 9-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 15 June 2015 for AED 2,500,000, or AED 1,784 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 306 over time

Sales
Unit 306, 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, June 2010: AED 1,700,000 (AED 1,213 per sqft)Sold, June 2015: AED 2,500,000 (AED 1,784 per sqft)

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

Rents
Unit 306, 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 175,000

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 306 sits

All 35 2-beds →

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.

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 3rd floor

All 55 units in Al Majara Tower 3
Value
3012-bedAED 2.55M · Nov 2015
3021-bedAED 1.34M · Jul 2010
3032-bedAED 1.18M · Jan 2009
3042-bedAED 588K · Dec 2007
3051-bedAED 668K · Feb 2009

306, Al Majara Tower 3 in numbers

  • Sold twice: first on 22 June 2010 for AED 1,700,000, last on 15 June 2015 for AED 2,500,000 (AED 1,784 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 15 June 2015.

Questions about 306, Al Majara Tower 3

What did unit 306 last sell for?

AED 2,500,000 on 15 June 2015: AED 1,784 per sqft for 1,401 sqft. The unit has 2 registered sales; the first was AED 1,700,000 in June 2010.

How big is unit 306?

1,401 sqft (130.2 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2006.

What is unit 306 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 306, Al Majara Tower 3

Starts from the last sale price (AED 2.5M, 15 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →