M02, Al Majara Tower 5
Sold prices and rental history: sold once, by the developer in December 2012, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for M02, Al Majara Tower 5
What is M02 worth today?
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Source: Dubai Land Department. Updated 29 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,270 sqft
- Floor
- Ground of 7
- Parking
- 147 , 352
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 19,200 /yr
- Last sold
- AED 977K · December 2012
- Building
- Al Majara Tower 5
About M02, Al Majara Tower 5
M02 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. The developer sold it on 18 December 2012 for AED 976,888, or AED 769 per sqft, in line with the AED 769 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 29 May 2024, is AED 140,000 a year: a gross yield of 14.3% on the 2012 price, before the service charge of about AED 19,200 a year.
Sales and rents for M02 over time
M02 has sold once; 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 M02 sits
All 24 2-beds →M02 last sold in December 2012 at AED 769 per sqft, in line with what two-beds in Al Majara Tower 5 were fetching at the time (AED 769). M02'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 | ||
| G05 | 2-bed | 1,270 sqft | AED 2.6MAED 2,600,000 · Dec 2013December 2013 | 140,000 /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 | |
| 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 |
M02, Al Majara Tower 5 in numbers
- Sold once: by Emaar on 18 December 2012 for AED 976,888, or AED 769 per sqft.
- Rented since September 2016 on 6 Ejari contracts. The rent fell from AED 175,000 to AED 125,000 in 2022 and recovered to AED 140,000 by May 2024.
- At AED 140,000 a year the gross yield on the 2012 price is 14.3%, before a service charge of about AED 19,200 a year (AED 15.11 per sqft).
Source: Dubai Land Department. Updated 29 May 2024.
Questions about M02, Al Majara Tower 5
What did unit M02 last sell for?
AED 976,888 on 18 December 2012, sold by the developer: AED 769 per sqft for 1,270 sqft. It is the only registered sale of the unit.
What is the rent for unit M02?
AED 140,000 a year on the contract signed on 29 May 2024. The previous contract, from September 2023, was AED 140,000; the unit has been rented since September 2016.
How big is unit M02?
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 M02 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 M02, Al Majara Tower 5
Starts from the last sale price (AED 977K, 18 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 976,888
- Deposit, UAE resident (20%)
- AED 195,378
- Deposit, non-resident (40%)
- AED 390,755
- Monthly over 25 years at 3.7%
- AED 3,997
Plus AED 46,040 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →