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2-bed · 923 sqftMajestique Residence 1, Dubai South · 2nd floor · completed 2021

203, Majestique Residence 1

Sold prices and rental history: sold once, by the developer in January 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 27 February 2025
Last soldAED 987K30 January 2025
Current rentAED 75K /yr27 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, Majestique Residence 1

What is 203 worth today?

Last sold for AED 987,000 in 2025

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27 Feb 2025RentedNew contract
AED 75,000/yr12 months · AED 81 per sqft
30 Jan 2025Sold by developerReady
AED 987,000AED 1,069 per sqft
27 Oct 2022RentedNew contract
AED 48,380/yr24 months · AED 52 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 February 2025.

Key facts

Type
2-bed apartment
Size
923 sqft
Floor
2nd of 4
Parking
G-57 0
Developer
Credo Investments
Completed
2021
Service charge
AED 17,000 /yr
Last sold
AED 987K · January 2025
Building
Majestique Residence 1

About 203, Majestique Residence 1

203 is a two-bedroom apartment of 923 sqft on the 2nd floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. The developer sold it on 30 January 2025 for AED 987,000, or AED 1,069 per sqft, in line with the AED 1,065 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 27 February 2025, is AED 75,000 a year: a gross yield of 7.6% on the 2025 price, before the service charge of about AED 17,000 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical two-bed in Majestique Residence 1
1M1.05M2023202420252026Typical sale price by year: 2023 AED 1,010,000; 2024 AED 1,014,301; 2025 AED 1,069,780Sold by developer, January 2025: AED 987,000 (AED 1,069 per sqft)

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

Rents
Unit 203, 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, October 2022: AED 48,380 a yearNew contract, February 2025: AED 75,000 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 203 sits

All 41 2-beds →

203 last sold in January 2025 at AED 1,069 per sqft, in line with what two-beds in Majestique Residence 1 were fetching at the time (AED 1,065). 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. 203's AED 75,000 is at the bottom 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 2nd floor

All 106 units in Majestique Residence 1
Value
201StudioAED 485K · Oct 2024
202AED 1.07M · Nov 2025
2052-bedAED 1.05M · Oct 2025
2062-bedAED 970K · Oct 2024
207StudioAED 441K · Oct 2022
2092-bedAED 1.06M · Sep 2024
2101-bedAED 743K · Nov 2023
1–7 of 21

203, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 30 January 2025 for AED 987,000, or AED 1,069 per sqft.
  • Rented since October 2022 on 2 Ejari contracts, from AED 48,380 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2025 price is 7.6%, before a service charge of about AED 17,000 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 27 February 2025.

Questions about 203, Majestique Residence 1

What did unit 203 last sell for?

AED 987,000 on 30 January 2025, sold by the developer: AED 1,069 per sqft for 923 sqft. It is the only registered sale of the unit.

What is the rent for unit 203?

AED 75,000 a year on the contract signed on 27 February 2025. The previous contract, from October 2022, was AED 48,380.

How big is unit 203?

923 sqft (85.7 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2021.

What is unit 203 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 203, Majestique Residence 1

Starts from the last sale price (AED 987K, 30 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 987,000
Deposit, UAE resident (20%)
AED 197,400
Deposit, non-resident (40%)
AED 394,800
Monthly over 25 years at 3.7%
AED 4,038

Plus AED 46,464 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →