118, Majestique Residence 1
Sold prices and rental history: sold once, by the developer in November 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 118, Majestique Residence 1
What is 118 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 396 sqft
- Floor
- 1st of 4
- Parking
- G-17
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 7,300 /yr
- Last sold
- AED 460K · November 2023
- Building
- Majestique Residence 1
About 118, Majestique Residence 1
118 is a studio of 396 sqft on the 1st floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. The developer sold it on 27 November 2023 for AED 460,000, or AED 1,161 per sqft, in line with the AED 1,163 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 1 August 2025, is AED 41,000 a year: a gross yield of 8.9% on the 2023 price, before the service charge of about AED 7,300 a year.
Sales and rents for 118 over time
118 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Majestique Residence 1, and where 118 sits
All 46 studios →118 last sold in November 2023 at AED 1,161 per sqft, in line with what studios in Majestique Residence 1 were fetching at the time (AED 1,163). 118's AED 41,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202520 October 2025 | 380 sqft | 485,000 | 1,276 | ||
| 28 Jul 202528 July 2025 | 498 sqft | 570,400 | 1,146 | ||
| 17 Apr 202517 April 2025 | 498 sqft | 500,000 | 1,005 | ||
| 20 Jan 202520 January 2025 | 396 sqft | 434,000 | 1,095 |
Majestique Residence 1
Building106 apartments, studios to 2-bed over 4 floors in Dubai South, completed in 2021 by Credo Investments. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,157
- Typical sale
- AED 1.07M
- Typical rent
- AED 63K /yr
- Typical yield
- 7.8%
Other units on the 1st floor
All 106 units in Majestique Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | Studio | 376 sqft | AED 490KAED 490,000 · Jan 2025January 2025 | 53,826 /yr | |
| 102 | 2-bed | 883 sqft | AED 1.07MAED 1,069,560 · Apr 2025April 2025 | 48,380 /yr | |
| 104 | 2-bed | 925 sqft | AED 948KAED 947,599 · Oct 2022October 2022 | 80,000 /yr | |
| 105 | 2-bed | 945 sqft | AED 1.23MAED 1,228,000 · Jul 2025July 2025 | 85,000 /yr | |
| 106 | 2-bed | 924 sqft | AED 1.14MAED 1,141,400 · Jul 2025July 2025 | 48,380 /yr | |
| 107 | Studio | 379 sqft | AED 483KAED 482,625 · Aug 2024August 2024 | 32,000 /yr | |
| 108 | 2-bed | 993 sqft | AED 1.02MAED 1,017,000 · Nov 2023November 2023 | 70,000 /yr | |
| 110 | 1-bed | 690 sqft | AED 764KAED 764,190 · Aug 2024August 2024 | 60,000 /yr | |
| 111 | 1-bed | 788 sqft | AED 882KAED 882,000 · Dec 2024December 2024 | 65,000 /yr | |
| 112 | 928 sqft | AED 1.07MAED 1,069,500 · Oct 2025October 2025 | 85,000 /yr | ||
| 113 | Studio | 397 sqft | AED 459KAED 459,083 · Nov 2023November 2023 | 44,000 /yr | |
| 114 | 2-bed | 936 sqft | AED 1.1MAED 1,100,520 · Jan 2026January 2026 | 80,000 /yr | |
| 116 | Studio | 396 sqft | AED 477KAED 477,245 · Nov 2023November 2023 | 37,120 /yr | |
| 117 | Studio | 396 sqft | AED 427KAED 427,120 · Sep 2024September 2024 | 40,000 /yr | |
| 119 | 933 sqft | AED 1.11MAED 1,108,940 · Nov 2025November 2025 | 48,380 /yr | ||
| 120 | Studio | 396 sqft | AED 510KAED 509,850 · Oct 2024October 2024 | 40,000 /yr | |
| 121 | Studio | 399 sqft | AED 490KAED 490,000 · Oct 2024October 2024 | 46,000 /yr | |
| 122 | Studio | 498 sqft | AED 570KAED 570,400 · Jul 2025July 2025 | 43,000 /yr | |
| 123 | 1-bed | 713 sqft | AED 798KAED 798,000 · Jan 2025January 2025 | 63,000 /yr | |
| 125 | Studio | 379 sqft | AED 438KAED 438,000 · May 2023May 2023 | 34,452 /yr | |
| 127 | Studio | 380 sqft | AED 475KAED 474,999 · Sep 2021September 2021 | 34,144 /yr | |
| 128 | 2-bed | 883 sqft | AED 941KAED 940,874 · Aug 2024August 2024 | 80,000 /yr | |
| 131 | 922 sqft | AED 1.05MAED 1,050,500 · Dec 2025December 2025 | 85,000 /yr |
118, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 27 November 2023 for AED 460,000, or AED 1,161 per sqft.
- Rented since January 2023 on 3 Ejari contracts, from AED 31,000 to AED 41,000 a year.
- At AED 41,000 a year the gross yield on the 2023 price is 8.9%, before a service charge of about AED 7,300 a year (AED 18.45 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2025.
Questions about 118, Majestique Residence 1
What did unit 118 last sell for?
AED 460,000 on 27 November 2023, sold by the developer: AED 1,161 per sqft for 396 sqft. It is the only registered sale of the unit.
What is the rent for unit 118?
AED 41,000 a year on the contract signed on 1 August 2025. The previous contract, from August 2024, was AED 38,501; the unit has been rented since January 2023.
How big is unit 118?
396 sqft (36.8 sqm): a studio on the 1st floor of a 4-storey tower completed in 2021.
What is unit 118 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 118, Majestique Residence 1
Starts from the last sale price (AED 460K, 27 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus AED 22,230 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →