G05, Al Majara Tower 5
Sold prices and rental history: sold twice, last in December 2013, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for G05, Al Majara Tower 5
What is G05 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 21 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,270 sqft
- Floor
- Ground of 7
- Parking
- 124
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 19,200 /yr
- Last sold
- AED 2.6M · December 2013
- Building
- Al Majara Tower 5
About G05, Al Majara Tower 5
G05 is a two-bedroom apartment of 1,270 sqft on the ground floor of Al Majara Tower 5, a 7-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 5 December 2013 for AED 2,600,000, or AED 2,047 per sqft, 18% above the AED 1,736 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 21 August 2024, is AED 140,000 a year: a gross yield of 5.4% on the 2013 price, before the service charge of about AED 19,200 a year.
Sales and rents for G05 over time
G05 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 G05 sits
All 24 2-beds →G05 last sold in December 2013 at AED 2,047 per sqft, 18% above what two-beds in Al Majara Tower 5 were fetching at the time (AED 1,736). G05's AED 140,000 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 | ||
| 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 ground floor
All 53 units in Al Majara Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| G01 | 2-bed | 1,367 sqft | AED 2.2MAED 2,200,000 · May 2024May 2024 | 106,154 /yr | |
| G02 | 2-bed | 1,431 sqft | AED 2.15MAED 2,150,000 · May 2023May 2023 | 115,000 /yr | |
| G03 | 2-bed | 1,119 sqft | AED 1MAED 1,000,000 · Dec 2020December 2020 | 131,250 /yr | |
| G04 | 1,066 sqft | AED 1.55MAED 1,550,000 · Feb 2018February 2018 | 75,000 /yr | ||
| G06 | 2-bed | 1,431 sqft | AED 3MAED 3,000,000 · Sep 2024September 2024 | 185,000 /yr | |
| M01 | 2-bed | 1,367 sqft | AED 1.12MAED 1,115,800 · Apr 2010April 2010 | 135,000 /yr | |
| M02 | 2-bed | 1,270 sqft | AED 977KAED 976,888 · Dec 2012December 2012 | 140,000 /yr | |
| M03 | 2-bed | 715 sqft | AED 787KAED 787,055 · Dec 2012December 2012 | 132,825 /yr | |
| M04 | 1-bed | 1,151 sqft | AED 2.15MAED 2,150,000 · Apr 2025April 2025 |
G05, Al Majara Tower 5 in numbers
- Sold twice: first on 6 April 2011 for AED 474,400, last on 5 December 2013 for AED 2,600,000 (AED 2,047 per sqft).
- Rented since December 2012 on 9 Ejari contracts. The rent fell from AED 144,000 to AED 105,000 in 2020 and recovered to AED 140,000 by August 2024.
- At AED 140,000 a year the gross yield on the 2013 price is 5.4%, before a service charge of about AED 19,200 a year (AED 15.11 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 21 August 2024.
Questions about G05, Al Majara Tower 5
What did unit G05 last sell for?
AED 2,600,000 on 5 December 2013: AED 2,047 per sqft for 1,270 sqft. The unit has 2 registered sales; the first was AED 474,400 in April 2011.
What is the rent for unit G05?
AED 140,000 a year on the contract renewed on 21 August 2024. The previous contract, from August 2023, was AED 135,000; the unit has been rented since December 2012.
How big is unit G05?
1,270 sqft (118.0 sqm): a two-bedroom apartment on the ground floor of a 7-storey tower completed in 2006.
What is unit G05 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 G05, Al Majara Tower 5
Starts from the last sale price (AED 2.6M, 5 December 2013). 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 →