215, Majestique Residence 1
Sold prices and rental history: sold once, by the developer in September 2024, and rented once, from March 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 215, Majestique Residence 1
What is 215 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 29 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 396 sqft
- Floor
- 2nd of 4
- Parking
- G-48
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 7,300 /yr
- Last sold
- AED 515K · September 2024
- Building
- Majestique Residence 1
About 215, Majestique Residence 1
215 is a studio of 396 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 29 September 2024 for AED 515,000, or AED 1,300 per sqft, 4% above the AED 1,249 studios in the building were fetching at the time.
One Ejari contract is registered, from 20 March 2023. The current contract, signed on 20 March 2023, is AED 30,750 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 7,300 a year.
Sales and rents for 215 over time
215 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 215 sits
All 46 studios →215 last sold in September 2024 at AED 1,300 per sqft, 4% above what studios in Majestique Residence 1 were fetching at the time (AED 1,249). 215's AED 30,750 is at the bottom 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 2nd floor
All 106 units in Majestique Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | Studio | 376 sqft | AED 485KAED 485,000 · Oct 2024October 2024 | 48,000 /yr | |
| 202 | 884 sqft | AED 1.07MAED 1,069,650 · Nov 2025November 2025 | 85,000 /yr | ||
| 203 | 2-bed | 923 sqft | AED 987KAED 987,000 · Jan 2025January 2025 | 75,000 /yr | |
| 205 | 2-bed | 942 sqft | AED 1.05MAED 1,050,000 · Oct 2025October 2025 | 64,000 /yr | |
| 206 | 2-bed | 991 sqft | AED 970KAED 970,140 · Oct 2024October 2024 | 53,000 /yr | |
| 207 | Studio | 377 sqft | AED 441KAED 440,999 · Oct 2022October 2022 | ||
| 209 | 2-bed | 1,095 sqft | AED 1.06MAED 1,061,530 · Sep 2024September 2024 | 80,000 /yr | |
| 210 | 1-bed | 688 sqft | AED 743KAED 742,615 · Nov 2023November 2023 | 46,200 /yr | |
| 211 | 1-bed | 788 sqft | AED 865KAED 865,000 · Jun 2025June 2025 | 65,000 /yr | |
| 213 | Studio | 395 sqft | AED 433KAED 433,485 · Sep 2024September 2024 | 40,000 /yr | |
| 214 | 936 sqft | AED 1.08MAED 1,075,000 · Nov 2025November 2025 | 48,380 /yr | ||
| 216 | Studio | 396 sqft | AED 434KAED 434,000 · Jan 2025January 2025 | 40,000 /yr | |
| 217 | Studio | 396 sqft | AED 435KAED 434,625 · Sep 2024September 2024 | 38,000 /yr | |
| 218 | Studio | 396 sqft | AED 440KAED 440,000 · Dec 2024December 2024 | 42,000 /yr | |
| 221 | Studio | 399 sqft | AED 428KAED 428,260 · Sep 2024September 2024 | 40,000 /yr | |
| 222 | Studio | 498 sqft | AED 500KAED 500,000 · Apr 2025April 2025 | 45,000 /yr | |
| 223 | 1-bed | 710 sqft | AED 800KAED 800,000 · Dec 2024December 2024 | 60,000 /yr | |
| 224 | 2-bed | 990 sqft | AED 1.24MAED 1,238,738 · Jul 2025July 2025 | 82,000 /yr | |
| 225 | Studio | 377 sqft | AED 478KAED 477,500 · Dec 2023December 2023 | 33,500 /yr | |
| 227 | Studio | 380 sqft | AED 485KAED 485,000 · Oct 2025October 2025 | 44,000 /yr | |
| 228 | 884 sqft | AED 1.02MAED 1,021,450 · Aug 2025August 2025 | 48,380 /yr |
215, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 29 September 2024 for AED 515,000, or AED 1,300 per sqft.
- Rented since March 2023 on one Ejari contract, at AED 30,750 a year.
- At AED 30,750 a year the gross yield on the 2024 price is 6.0%, 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 29 September 2024.
Questions about 215, Majestique Residence 1
What did unit 215 last sell for?
AED 515,000 on 29 September 2024, sold by the developer: AED 1,300 per sqft for 396 sqft. It is the only registered sale of the unit.
What is the rent for unit 215?
AED 30,750 a year on the contract signed on 20 March 2023.
How big is unit 215?
396 sqft (36.8 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2021.
What is unit 215 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 215, Majestique Residence 1
Starts from the last sale price (AED 515K, 29 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 515,000
- Deposit, UAE resident (20%)
- AED 103,000
- Deposit, non-resident (40%)
- AED 206,000
- Monthly over 25 years at 3.7%
- AED 2,107
Plus AED 26,640 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →