120, Majestique Residence 1
Sold prices and rental history: sold once, by the developer in October 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 120, Majestique Residence 1
What is 120 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 5 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 396 sqft
- Floor
- 1st of 4
- Parking
- G-19
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 7,300 /yr
- Last sold
- AED 510K · October 2024
- Building
- Majestique Residence 1
About 120, Majestique Residence 1
120 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 4 October 2024 for AED 509,850, or AED 1,287 per sqft, 3% above the AED 1,244 studios in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 5 April 2025, is AED 40,000 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 7,300 a year.
Sales and rents for 120 over time
120 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 120 sits
All 46 studios →120 last sold in October 2024 at AED 1,287 per sqft, 3% above what studios in Majestique Residence 1 were fetching at the time (AED 1,244). 120's AED 40,000 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 | |
| 118 | Studio | 396 sqft | AED 460KAED 460,000 · Nov 2023November 2023 | 41,000 /yr | |
| 119 | 933 sqft | AED 1.11MAED 1,108,940 · Nov 2025November 2025 | 48,380 /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 |
120, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 4 October 2024 for AED 509,850, or AED 1,287 per sqft.
- Rented since March 2023 on 2 Ejari contracts, from AED 30,750 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2024 price is 7.8%, 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 5 April 2025.
Questions about 120, Majestique Residence 1
What did unit 120 last sell for?
AED 509,850 on 4 October 2024, sold by the developer: AED 1,287 per sqft for 396 sqft. It is the only registered sale of the unit.
What is the rent for unit 120?
AED 40,000 a year on the contract signed on 5 April 2025. The previous contract, from March 2023, was AED 30,750.
How big is unit 120?
396 sqft (36.8 sqm): a studio on the 1st floor of a 4-storey tower completed in 2021.
What is unit 120 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 120? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 120, Majestique Residence 1
Starts from the last sale price (AED 510K, 4 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 509,850
- Deposit, UAE resident (20%)
- AED 101,970
- Deposit, non-resident (40%)
- AED 203,940
- Monthly over 25 years at 3.7%
- AED 2,086
Plus AED 26,424 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →