404, Al Majara Tower 3
Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 404, Al Majara Tower 3
What is 404 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,386 sqft
- Floor
- 4th of 9
- Parking
- 442 , 443
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 20,900 /yr
- Last sold
- AED 1.04M · March 2011
- Building
- Al Majara Tower 3
About 404, Al Majara Tower 3
404 is a two-bedroom apartment of 1,386 sqft on the 4th floor of Al Majara Tower 3, a 9-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 6 March 2011 for AED 1,035,888, or AED 747 per sqft, in line with the AED 768 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 15 April 2024, is AED 121,275 a year: a gross yield of 11.7% on the 2011 price, before the service charge of about AED 20,900 a year.
Sales and rents for 404 over time
404 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 3, and where 404 sits
All 35 2-beds →404 last sold in March 2011 at AED 747 per sqft, in line with 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. 404's AED 121,275 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Dec 202512 December 2025 | 1,401 sqft | 2,550,000 | 1,820 | ||
| 16 Jun 202516 June 2025 | 1,401 sqft | 2,925,000 | 2,087 | ||
| 19 Sep 202419 September 2024 | 1,386 sqft | 3,275,000 | 2,362 | ||
| 7 Jun 20237 June 2023 | 1,413 sqft | 2,770,000 | 1,960 |
Al Majara Tower 3
Building55 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%
Other units on the 4th floor
All 55 units in Al Majara Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,401 sqft | AED 2.05MAED 2,050,000 · Mar 2018March 2018 | 131,250 /yr | |
| 402 | 1-bed | 869 sqft | AED 540KAED 540,000 · Dec 2012December 2012 | 95,000 /yr | |
| 403 | 2-bed | 1,386 sqft | AED 1.52MAED 1,520,000 · Mar 2019March 2019 | 195,000 /yr | |
| 405 | 1-bed | 434 sqft | AED 733KAED 732,888 · Aug 2013August 2013 | 93,500 /yr | |
| 406 | 2-bed | 1,401 sqft | AED 502KAED 502,444 · Jul 2010July 2010 | 140,000 /yr |
404, Al Majara Tower 3 in numbers
- Sold once: by Emaar on 6 March 2011 for AED 1,035,888, or AED 747 per sqft.
- Rented since September 2014 on 10 Ejari contracts. The rent fell from AED 190,000 to AED 105,000 in 2021 and recovered to AED 121,275 by April 2024.
- At AED 121,275 a year the gross yield on the 2011 price is 11.7%, before a service charge of about AED 20,900 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 15 April 2024.
Questions about 404, Al Majara Tower 3
What did unit 404 last sell for?
AED 1,035,888 on 6 March 2011, sold by the developer: AED 747 per sqft for 1,386 sqft. It is the only registered sale of the unit.
What is the rent for unit 404?
AED 121,275 a year on the contract renewed on 15 April 2024. The previous contract, from April 2023, was AED 121,275; the unit has been rented since September 2014.
How big is unit 404?
1,386 sqft (128.8 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2006.
What is unit 404 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 404, Al Majara Tower 3
Starts from the last sale price (AED 1.04M, 6 March 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,035,888
- Deposit, UAE resident (20%)
- AED 207,178
- Deposit, non-resident (40%)
- AED 414,355
- Monthly over 25 years at 3.7%
- AED 4,238
Plus AED 48,518 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →