402, Al Majara Tower 5
Sold prices and rental history: sold twice, last in July 2024, 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 402, Al Majara Tower 5
What is 402 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,517 sqft
- Floor
- 4th of 7
- Parking
- 659
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 22,900 /yr
- Last sold
- AED 2.6M · July 2024
- Building
- Al Majara Tower 5
About 402, Al Majara Tower 5
402 is a two-bedroom apartment of 1,517 sqft on the 4th floor of Al Majara Tower 5, a 7-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 10 July 2024 for AED 2,600,000, or AED 1,713 per sqft.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 121,000 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 22,900 a year.
Sales and rents for 402 over time
402 has sold twice; 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 5, and where 402 sits
All 24 2-beds →402's AED 121,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Sep 20243 September 2024 | 1,431 sqft | 3,000,000 | 2,096 | ||
| 23 May 202423 May 2024 | 1,367 sqft | 2,200,000 | 1,609 | ||
| 1 May 20231 May 2023 | 1,431 sqft | 2,150,000 | 1,502 | ||
| 9 Mar 20229 March 2022 | 684 sqft | 600,000 | 877 |
Al Majara Tower 5
Building53 apartments, 1-bed to 3-bed over 7 floors in Dubai Marina, completed in 2006 by Emaar. 1 sold in the last 12 months.
- Typical price per sqft
- AED 2,363
- Typical sale
- AED 2.65M
- Typical rent
- AED 159K /yr
- Typical yield
- 5.4%
Other units on the 4th floor
All 53 units in Al Majara Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,367 sqft | AED 1.8MAED 1,800,000 · Feb 2009February 2009 | ||
| 403 | 1-bed | 893 sqft | AED 1.15MAED 1,150,000 · Apr 2021April 2021 | 130,000 /yr | |
| 404 | 1-bed | 834 sqft | AED 541KAED 540,800 · Jul 2010July 2010 | 100,000 /yr | |
| 405 | 3-bed | 2,164 sqft | AED 3.25MAED 3,245,961 · Dec 2017December 2017 | 210,000 /yr | |
| 406 | 1-bed | 1,119 sqft | AED 1.15MAED 1,150,000 · Dec 2009December 2009 | 120,000 /yr |
402, Al Majara Tower 5 in numbers
- Sold twice: first on 20 September 2015 for AED 1,600,000, last on 10 July 2024 for AED 2,600,000 (AED 1,713 per sqft).
- Rented since November 2013 on 10 Ejari contracts, from AED 100,000 to AED 121,000 a year.
- At AED 121,000 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 22,900 a year (AED 15.11 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.
Questions about 402, Al Majara Tower 5
What did unit 402 last sell for?
AED 2,600,000 on 10 July 2024: AED 1,713 per sqft for 1,517 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in September 2015.
What is the rent for unit 402?
AED 121,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 110,000; the unit has been rented since November 2013.
How big is unit 402?
1,517 sqft (140.9 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2006.
What is unit 402 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 402? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 402, Al Majara Tower 5
Starts from the last sale price (AED 2.6M, 10 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,600,000
- Deposit, UAE resident (20%)
- AED 520,000
- Deposit, non-resident (40%)
- AED 1,040,000
- Monthly over 25 years at 3.7%
- AED 10,637
Plus AED 114,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →