701, Al Majara Tower 3
Sold prices and rental history: sold once, by the developer in March 2008, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Al Majara Tower 3
What is 701 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,401 sqft
- Floor
- 7th of 9
- Parking
- 422 , 423
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 21,200 /yr
- Last sold
- AED 1.11M · March 2008
- Building
- Al Majara Tower 3
About 701, Al Majara Tower 3
701 is a two-bedroom apartment of 1,401 sqft on the 7th floor of Al Majara Tower 3, a 9-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 11 March 2008 for AED 1,108,800, or AED 791 per sqft, 98% above the AED 399 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, renewed on 5 February 2026, is AED 178,500 a year: a gross yield of 16.1% on the 2008 price, before the service charge of about AED 21,200 a year.
Sales and rents for 701 over time
701 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 701 sits
All 35 2-beds →701 last sold in March 2008 at AED 791 per sqft, 98% above what two-beds in Al Majara Tower 3 were fetching at the time (AED 399). 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. 701's AED 178,500 is in the upper half 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 7th floor
All 55 units in Al Majara Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 869 sqft | AED 1.48MAED 1,480,000 · Apr 2018April 2018 | ||
| 703 | 2-bed | 1,386 sqft | AED 1.04MAED 1,036,800 · Oct 2015October 2015 | 135,300 /yr | |
| 704 | 2-bed | 1,386 sqft | AED 1.07MAED 1,065,800 · Jul 2010July 2010 | 110,000 /yr | |
| 705 | 1-bed | 443 sqft | AED 600KAED 600,000 · Jan 2021January 2021 | 110,000 /yr | |
| 706 | 2-bed | 1,401 sqft | AED 2.18MAED 2,180,000 · May 2018May 2018 | 167,000 /yr |
701, Al Majara Tower 3 in numbers
- Sold once: by Emaar on 11 March 2008 for AED 1,108,800, or AED 791 per sqft.
- Rented since January 2015 on 10 Ejari contracts. The rent fell from AED 175,000 to AED 100,000 in 2021 and recovered to AED 178,500 by February 2026.
- At AED 178,500 a year the gross yield on the 2008 price is 16.1%, 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 5 February 2026.
Questions about 701, Al Majara Tower 3
What did unit 701 last sell for?
AED 1,108,800 on 11 March 2008, sold by the developer: AED 791 per sqft for 1,401 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 178,500 a year on the contract renewed on 5 February 2026. The previous contract, from February 2025, was AED 170,000; the unit has been rented since January 2015.
How big is unit 701?
1,401 sqft (130.2 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2006.
What is unit 701 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 701, Al Majara Tower 3
Starts from the last sale price (AED 1.11M, 11 March 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,108,800
- Deposit, UAE resident (20%)
- AED 221,760
- Deposit, non-resident (40%)
- AED 443,520
- Monthly over 25 years at 3.7%
- AED 4,536
Plus AED 51,580 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →