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2-bed · 1,517 sqftAl Majara Tower 5, Dubai Marina · 6th floor · completed 2006

602, Al Majara Tower 5

Sold prices and rental history: sold 3 times, last in May 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 17 May 2015
Last soldAED 2.95M17 May 2015
Current rentAED 180K /yr1 April 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Al Majara Tower 5

What is 602 worth today?

Last sold for AED 2,950,000 in 2015

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17 May 2015SoldReady
AED 2,950,000AED 1,944 per sqft
1 Apr 2014RentedNew contract
AED 180,000/yr12 months · AED 119 per sqft
1 Jul 2013RentedNew contract
AED 145,000/yr12 months · AED 96 per sqft
19 Feb 2012SoldReady
AED 1,600,000AED 1,054 per sqft
14 Feb 2012Sold by developerReady
AED 1,160,800AED 765 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 May 2015.

Key facts

Type
2-bed apartment
Size
1,517 sqft
Floor
6th of 7
Parking
649
Developer
Emaar
Completed
2006
Service charge
AED 22,900 /yr
Last sold
AED 2.95M · May 2015
Building
Al Majara Tower 5

About 602, Al Majara Tower 5

602 is a two-bedroom apartment of 1,517 sqft on the 6th floor of Al Majara Tower 5, a 7-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 17 May 2015 for AED 2,950,000, or AED 1,944 per sqft.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 April 2014, is AED 180,000 a year: a gross yield of 6.1% on the 2015 price, before the service charge of about AED 22,900 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical two-bed in Al Majara Tower 5
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,245,300; 2009 AED 1,140,800; 2010 AED 1,142,800; 2012 AED 1,068,844; 2013 AED 2,575,000; 2015 AED 1,855,000; 2024 AED 2,600,000Sold, February 2012: AED 1,600,000 (AED 1,054 per sqft)Sold by developer, February 2012: AED 1,160,800 (AED 765 per sqft)Sold, May 2015: AED 2,950,000 (AED 1,944 per sqft)

602 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 602, each contractTypical two-bed in Al Majara Tower 5
150K2012201620202024Typical rent by year: 2012 AED 140,000; 2013 AED 137,500; 2014 AED 154,000; 2015 AED 145,000; 2016 AED 145,000; 2017 AED 146,440; 2018 AED 135,000; 2019 AED 135,000; 2020 AED 115,000; 2021 AED 112,500; 2022 AED 115,000; 2023 AED 137,500; 2024 AED 142,500; 2025 AED 143,950; 2026 AED 171,500New contract, July 2013: AED 145,000 a yearNew contract, April 2014: AED 180,000 a year

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 602 sits

All 24 2-beds →

602's AED 180,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Sep 20243,000,000
10 Jul 20242,600,000
23 May 20242,200,000
1 May 20232,150,000
0 2-bed sales in the last 12 months

Al Majara Tower 5

Building

53 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%
Al Majara Tower 5, Dubai Marina: prices, sales and rents →

Other units on the 6th floor

All 53 units in Al Majara Tower 5
Value
6012-bedAED 2.45M · Jan 2013
6031-bedAED 1.48M · Aug 2016
6041-bedAED 1.73M · Nov 2015
6053-bedAED 3.4M · Aug 2022
6061-bedAED 775K · May 2012

602, Al Majara Tower 5 in numbers

  • Sold 3 times: first on 14 February 2012 for AED 1,160,800, last on 17 May 2015 for AED 2,950,000 (AED 1,944 per sqft).
  • Rented since July 2013 on 2 Ejari contracts, from AED 145,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2015 price is 6.1%, 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 17 May 2015.

Questions about 602, Al Majara Tower 5

What did unit 602 last sell for?

AED 2,950,000 on 17 May 2015: AED 1,944 per sqft for 1,517 sqft. The unit has 3 registered sales; the first was AED 1,160,800 in February 2012.

What is the rent for unit 602?

AED 180,000 a year on the contract signed on 1 April 2014. The previous contract, from July 2013, was AED 145,000.

How big is unit 602?

1,517 sqft (140.9 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2006.

What is unit 602 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 602, Al Majara Tower 5

Starts from the last sale price (AED 2.95M, 17 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

Plus AED 128,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →