405, Al Majara Tower 3
Sold prices and rental history: sold once, by the developer in August 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 405, Al Majara Tower 3
What is 405 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 23 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 434 sqft
- Floor
- 4th of 9
- Parking
- 552
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 6,600 /yr
- Last sold
- AED 733K · August 2013
- Building
- Al Majara Tower 3
About 405, Al Majara Tower 3
405 is a one-bedroom apartment of 434 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 19 August 2013 for AED 732,888, or AED 843 per sqft.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, signed on 23 June 2024, is AED 93,500 a year: a gross yield of 12.8% on the 2013 price, before the service charge of about AED 6,600 a year.
Sales and rents for 405 over time
405 has sold once; 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 3, and where 405 sits
All 16 1-beds →405's AED 93,500 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Jan 202411 January 2024 | 869 sqft | 1,500,000 | 1,726 | ||
| 13 Jan 202213 January 2022 | 869 sqft | 1,230,000 | 1,415 | ||
| 1 Jun 20211 June 2021 | 869 sqft | 1,170,000 | 1,346 | ||
| 27 Jan 202127 January 2021 | 443 sqft | 600,000 | 1,353 |
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 | |
| 404 | 2-bed | 1,386 sqft | AED 1.04MAED 1,035,888 · Mar 2011March 2011 | 121,275 /yr | |
| 406 | 2-bed | 1,401 sqft | AED 502KAED 502,444 · Jul 2010July 2010 | 140,000 /yr |
405, Al Majara Tower 3 in numbers
- Sold once: by Emaar on 19 August 2013 for AED 732,888, or AED 843 per sqft.
- Rented since July 2013 on 13 Ejari contracts. The rent fell from AED 88,000 to AED 70,000 in 2021 and recovered to AED 93,500 by June 2024.
- At AED 93,500 a year the gross yield on the 2013 price is 12.8%, before a service charge of about AED 6,600 a year (AED 15.11 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 23 June 2024.
Questions about 405, Al Majara Tower 3
What did unit 405 last sell for?
AED 732,888 on 19 August 2013, sold by the developer: AED 843 per sqft for 434 sqft. It is the only registered sale of the unit.
What is the rent for unit 405?
AED 93,500 a year on the contract signed on 23 June 2024. The previous contract, from July 2023, was AED 85,100; the unit has been rented since July 2013.
How big is unit 405?
434 sqft (40.3 sqm): a one-bedroom apartment on the 4th floor of a 9-storey tower completed in 2006.
What is unit 405 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 405, Al Majara Tower 3
Starts from the last sale price (AED 733K, 19 August 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 732,888
- Deposit, UAE resident (20%)
- AED 146,578
- Deposit, non-resident (40%)
- AED 293,155
- Monthly over 25 years at 3.7%
- AED 2,998
Plus AED 35,792 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →