704, Al Majara Tower 5
Sold prices and rental history: sold twice, last in April 2008, 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 704, Al Majara Tower 5
What is 704 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,550 sqft
- Floor
- 7th of 7
- Parking
- 630
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 23,400 /yr
- Last sold
- AED 1.3M · April 2008
- Building
- Al Majara Tower 5
About 704, Al Majara Tower 5
704 is a two-bedroom apartment of 1,550 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 16 April 2008 for AED 1,304,800, or AED 841 per sqft, 9% above the AED 772 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 26 Ejari contracts. The current contract, renewed on 15 September 2025, is AED 180,000 a year: a gross yield of 13.8% on the 2008 price, before the service charge of about AED 23,400 a year.
Sales and rents for 704 over time
704 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 704 sits
All 24 2-beds →704 last sold in April 2008 at AED 841 per sqft, 9% above what two-beds in Al Majara Tower 5 were fetching at the time (AED 772). 704's AED 180,000 is in the upper half 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 | ||
| 10 Jul 202410 July 2024 | 1,517 sqft | 2,600,000 | 1,713 | ||
| 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 |
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 7th floor
All 53 units in Al Majara Tower 5704, Al Majara Tower 5 in numbers
- Sold twice: first on 16 April 2008 for AED 2,750,000, last on 16 April 2008 for AED 1,304,800 (AED 841 per sqft).
- Rented since November 2013 on 26 Ejari contracts. The rent fell from AED 126,000 to AED 54,840 in 2022 and recovered to AED 180,000 by September 2025.
- At AED 180,000 a year the gross yield on the 2008 price is 13.8%, before a service charge of about AED 23,400 a year (AED 15.11 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2025.
Questions about 704, Al Majara Tower 5
What did unit 704 last sell for?
AED 1,304,800 on 16 April 2008, sold by the developer: AED 841 per sqft for 1,550 sqft. The unit has 2 registered sales; the first was AED 2,750,000 in April 2008.
What is the rent for unit 704?
AED 180,000 a year on the contract renewed on 15 September 2025. The previous contract, from September 2025, was AED 144,900; the unit has been rented since November 2013.
How big is unit 704?
1,550 sqft (144.0 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2006.
What is unit 704 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 704, Al Majara Tower 5
Starts from the last sale price (AED 1.3M, 16 April 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,304,800
- Deposit, UAE resident (20%)
- AED 260,960
- Deposit, non-resident (40%)
- AED 521,920
- Monthly over 25 years at 3.7%
- AED 5,338
Plus AED 59,812 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →