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2-bed · 991 sqftMajestique Residence 1, Dubai South · 2nd floor · completed 2021

206, Majestique Residence 1

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

Unit 206 · DLD and Ejari recordsUpdated 18 October 2024
Last soldAED 970K18 October 2024
Current rentAED 53K /yr28 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 206, Majestique Residence 1

What is 206 worth today?

Last sold for AED 970,140 in 2024

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18 Oct 2024Sold by developerReady
AED 970,140AED 978 per sqft
28 Sep 2022RentedNew contract
AED 53,000/yr12 months · AED 54 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 October 2024.

Key facts

Type
2-bed apartment
Size
991 sqft
Floor
2nd of 4
Parking
G-60
Developer
Credo Investments
Completed
2021
Service charge
AED 18,300 /yr
Last sold
AED 970K · October 2024
Building
Majestique Residence 1

About 206, Majestique Residence 1

206 is a two-bedroom apartment of 991 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 18 October 2024 for AED 970,140, or AED 978 per sqft, 8% below the AED 1,060 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 September 2022. The current contract, signed on 28 September 2022, is AED 53,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 18,300 a year.

Sales and rents for 206 over time

Sales
Unit 206, 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, October 2024: AED 970,140 (AED 978 per sqft)

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

Rents
Unit 206, 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, September 2022: AED 53,000 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 206 sits

All 41 2-beds →

206 last sold in October 2024 at AED 978 per sqft, 8% below what two-beds in Majestique Residence 1 were fetching at the time (AED 1,060). 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. 206's AED 53,000 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
2032-bedAED 987K · Jan 2025
2052-bedAED 1.05M · Oct 2025
207StudioAED 441K · Oct 2022
2092-bedAED 1.06M · Sep 2024
2101-bedAED 743K · Nov 2023
1–7 of 21

206, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 18 October 2024 for AED 970,140, or AED 978 per sqft.
  • Rented since September 2022 on one Ejari contract, at AED 53,000 a year.
  • At AED 53,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 18,300 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 18 October 2024.

Questions about 206, Majestique Residence 1

What did unit 206 last sell for?

AED 970,140 on 18 October 2024, sold by the developer: AED 978 per sqft for 991 sqft. It is the only registered sale of the unit.

What is the rent for unit 206?

AED 53,000 a year on the contract signed on 28 September 2022.

How big is unit 206?

991 sqft (92.1 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2021.

What is unit 206 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 206, Majestique Residence 1

Starts from the last sale price (AED 970K, 18 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 970,140
Deposit, UAE resident (20%)
AED 194,028
Deposit, non-resident (40%)
AED 388,056
Monthly over 25 years at 3.7%
AED 3,969

Plus AED 45,756 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →