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2-bed · 1,529 sqftAl Majara Tower 5, Dubai Marina · 7th floor · completed 2006

703, Al Majara Tower 5

Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 20 May 2025
Last soldAED 1.14M28 July 2010
Current rentAED 138K /yr20 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Al Majara Tower 5

What is 703 worth today?

Last sold for AED 1,142,800 in 2010

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20 May 2025RentedRenewal
AED 137,812/yr12 months · AED 90 per sqft
20 May 2024RentedRenewal
AED 131,250/yr12 months · AED 86 per sqft
20 May 2022RentedNew contract
AED 125,000/yr12 months · AED 82 per sqft
10 Feb 2022RentedRenewal
AED 82,000/yr3 months · AED 54 per sqft
10 Feb 2021RentedNew contract
AED 82,000/yr12 months · AED 54 per sqft
8 Jul 2020RentedRenewal
AED 100,000/yr12 months · AED 65 per sqft
7 Mar 2020RentedRenewal
AED 119,040/yr4 months · AED 78 per sqft
1 Oct 2018RentedNew contract
AED 120,000/yr12 months · AED 79 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 May 2025.

Key facts

Type
2-bed apartment
Size
1,529 sqft
Floor
7th of 7
Parking
628
Developer
Emaar
Completed
2006
Service charge
AED 23,100 /yr
Last sold
AED 1.14M · July 2010
Building
Al Majara Tower 5

About 703, Al Majara Tower 5

703 is a two-bedroom apartment of 1,529 sqft on the 7th floor of Al Majara Tower 5, a 7-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 28 July 2010 for AED 1,142,800, or AED 747 per sqft, 8% below the AED 816 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 20 May 2025, is AED 137,812 a year: a gross yield of 12.1% on the 2010 price, before the service charge of about AED 23,100 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical two-bed in Al Majara Tower 5
1M2M2008201320182023Typical 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 by developer, July 2010: AED 1,142,800 (AED 747 per sqft)

703 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 703, each contractTypical two-bed in Al Majara Tower 5
100K150K2012201620202024Typical 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, February 2014: AED 120,000 a yearNew contract, January 2018: AED 135,000 a yearNew contract, October 2018: AED 120,000 a yearRenewal, March 2020: AED 119,040 a yearRenewal, July 2020: AED 100,000 a yearNew contract, February 2021: AED 82,000 a yearRenewal, February 2022: AED 82,000 a yearNew contract, May 2022: AED 125,000 a yearRenewal, May 2024: AED 131,250 a yearRenewal, May 2025: AED 137,812 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 703 sits

All 24 2-beds →

703 last sold in July 2010 at AED 747 per sqft, 8% below what two-beds in Al Majara Tower 5 were fetching at the time (AED 816). 703's AED 137,812 is at the bottom 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 7th floor

All 53 units in Al Majara Tower 5
Value
7013-bedAED 1.72M · Jul 2010
7022-bedAED 1.62M · Jul 2010
7042-bedAED 2.75M · Apr 2008

703, Al Majara Tower 5 in numbers

  • Sold once: by Emaar on 28 July 2010 for AED 1,142,800, or AED 747 per sqft.
  • Rented since February 2014 on 10 Ejari contracts. The rent fell from AED 120,000 to AED 82,000 in 2022 and recovered to AED 137,812 by May 2025.
  • At AED 137,812 a year the gross yield on the 2010 price is 12.1%, before a service charge of about AED 23,100 a year (AED 15.11 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 20 May 2025.

Questions about 703, Al Majara Tower 5

What did unit 703 last sell for?

AED 1,142,800 on 28 July 2010, sold by the developer: AED 747 per sqft for 1,529 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 137,812 a year on the contract renewed on 20 May 2025. The previous contract, from May 2024, was AED 131,250; the unit has been rented since February 2014.

How big is unit 703?

1,529 sqft (142.0 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2006.

What is unit 703 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 703, Al Majara Tower 5

Starts from the last sale price (AED 1.14M, 28 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,142,800
Deposit, UAE resident (20%)
AED 228,560
Deposit, non-resident (40%)
AED 457,120
Monthly over 25 years at 3.7%
AED 4,676

Plus AED 53,008 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →