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2-bed · 883 sqftMajestique Residence 1, Dubai South · 1st floor · completed 2021

128, Majestique Residence 1

Sold prices and rental history: sold once, by the developer in August 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 128 · DLD and Ejari recordsUpdated 15 December 2024
Last soldAED 941K29 August 2024
Current rentAED 80K /yr15 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 128, Majestique Residence 1

What is 128 worth today?

Last sold for AED 940,874 in 2024

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15 Dec 2024RentedNew contract
AED 80,000/yr8 months · AED 91 per sqft
29 Aug 2024Sold by developerReady
AED 940,874AED 1,065 per sqft
1 Dec 2022RentedNew contract
AED 55,000/yr12 months · AED 62 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 December 2024.

Key facts

Type
2-bed apartment
Size
883 sqft
Floor
1st of 4
Parking
G-28
Developer
Credo Investments
Completed
2021
Service charge
AED 16,300 /yr
Last sold
AED 941K · August 2024
Building
Majestique Residence 1

About 128, Majestique Residence 1

128 is a two-bedroom apartment of 883 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 29 August 2024 for AED 940,874, or AED 1,065 per sqft, in line with the AED 1,047 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 15 December 2024, is AED 80,000 a year: a gross yield of 8.5% on the 2024 price, before the service charge of about AED 16,300 a year.

Sales and rents for 128 over time

Sales
Unit 128, each saleTypical two-bed in Majestique Residence 1
1M2023202420252026Typical sale price by year: 2023 AED 1,010,000; 2024 AED 1,014,301; 2025 AED 1,069,780Sold by developer, August 2024: AED 940,874 (AED 1,065 per sqft)

128 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 128, each contractTypical two-bed in Majestique Residence 1
60K80K20222023202420252026Typical rent by year: 2022 AED 48,380; 2023 AED 56,500; 2024 AED 75,000; 2025 AED 80,000New contract, December 2022: AED 55,000 a yearNew contract, December 2024: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Majestique Residence 1, and where 128 sits

All 41 2-beds →

128 last sold in August 2024 at AED 1,065 per sqft, in line with what two-beds in Majestique Residence 1 were fetching at the time (AED 1,047). Over the last 12 months two-beds sold for AED 1,050,500 to 1,100,520, around AED 1,157 per sqft, and rent for AED 79,000 to 85,000 a year. 128's AED 80,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Jan 20261,100,520
23 Dec 20251,070,000
15 Oct 20251,050,000
28 Jul 20251,238,738
4 2-bed sales in the last 12 months

Majestique Residence 1

Building

106 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%
Majestique Residence 1, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 106 units in Majestique Residence 1
Value
101StudioAED 490K · Jan 2025
1022-bedAED 1.07M · Apr 2025
1042-bedAED 948K · Oct 2022
1052-bedAED 1.23M · Jul 2025
1062-bedAED 1.14M · Jul 2025
107StudioAED 483K · Aug 2024
1082-bedAED 1.02M · Nov 2023
1–7 of 23

128, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 29 August 2024 for AED 940,874, or AED 1,065 per sqft.
  • Rented since December 2022 on 2 Ejari contracts, from AED 55,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2024 price is 8.5%, before a service charge of about AED 16,300 a year (AED 18.45 per sqft).
  • Two-beds in Majestique Residence 1 sold for AED 1,050,500–1,100,520 in the 12 months to November 2026; the building's median across all types is AED 1,157 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 December 2024.

Questions about 128, Majestique Residence 1

What did unit 128 last sell for?

AED 940,874 on 29 August 2024, sold by the developer: AED 1,065 per sqft for 883 sqft. It is the only registered sale of the unit.

What is the rent for unit 128?

AED 80,000 a year on the contract signed on 15 December 2024. The previous contract, from December 2022, was AED 55,000.

How big is unit 128?

883 sqft (82.0 sqm): a two-bedroom apartment on the 1st floor of a 4-storey tower completed in 2021.

What is unit 128 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Majestique Residence 1 sold for AED 1,050,500 to 1,100,520 in the last 12 months, around AED 1,157 per sqft.

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Mortgage on 128, Majestique Residence 1

Starts from the last sale price (AED 941K, 29 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 940,874
Deposit, UAE resident (20%)
AED 188,175
Deposit, non-resident (40%)
AED 376,350
Monthly over 25 years at 3.7%
AED 3,849

Plus AED 44,527 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →