121, Majestique Residence 1
Sold prices and rental history: sold once, by the developer in October 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 121, Majestique Residence 1
What is 121 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 24 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 399 sqft
- Floor
- 1st of 4
- Parking
- G-20 0
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 7,400 /yr
- Last sold
- AED 490K · October 2024
- Building
- Majestique Residence 1
About 121, Majestique Residence 1
121 is a studio of 399 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 490,000, or AED 1,228 per sqft, in line with the AED 1,244 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 24 February 2025, is AED 46,000 a year: a gross yield of 9.4% on the 2024 price, before the service charge of about AED 7,400 a year.
Sales and rents for 121 over time
121 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 121 sits
All 46 studios →121 last sold in October 2024 at AED 1,228 per sqft, in line with what studios in Majestique Residence 1 were fetching at the time (AED 1,244). 121's AED 46,000 is in the upper 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 | ||
| 120 | Studio | 396 sqft | AED 510KAED 509,850 · Oct 2024October 2024 | 40,000 /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 |
121, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 4 October 2024 for AED 490,000, or AED 1,228 per sqft.
- Rented since October 2022 on 2 Ejari contracts, from AED 48,380 to AED 46,000 a year.
- At AED 46,000 a year the gross yield on the 2024 price is 9.4%, before a service charge of about AED 7,400 a year (AED 18.45 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 24 February 2025.
Questions about 121, Majestique Residence 1
What did unit 121 last sell for?
AED 490,000 on 4 October 2024, sold by the developer: AED 1,228 per sqft for 399 sqft. It is the only registered sale of the unit.
What is the rent for unit 121?
AED 46,000 a year on the contract signed on 24 February 2025. The previous contract, from October 2022, was AED 48,380.
How big is unit 121?
399 sqft (37.1 sqm): a studio on the 1st floor of a 4-storey tower completed in 2021.
What is unit 121 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 121, Majestique Residence 1
Starts from the last sale price (AED 490K, 4 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 490,000
- Deposit, UAE resident (20%)
- AED 98,000
- Deposit, non-resident (40%)
- AED 196,000
- Monthly over 25 years at 3.7%
- AED 2,005
Plus AED 23,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →