216, Majestique Residence 1
Sold prices and rental history: sold once, by the developer in January 2025, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 216, Majestique Residence 1
What is 216 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 23 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 396 sqft
- Floor
- 2nd of 4
- Parking
- G-49
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 7,300 /yr
- Last sold
- AED 434K · January 2025
- Building
- Majestique Residence 1
About 216, Majestique Residence 1
216 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 20 January 2025 for AED 434,000, or AED 1,095 per sqft, 12% below the AED 1,249 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 23 August 2025, is AED 40,000 a year: a gross yield of 9.2% on the 2025 price, before the service charge of about AED 7,300 a year.
Sales and rents for 216 over time
216 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 216 sits
All 46 studios →216 last sold in January 2025 at AED 1,095 per sqft, 12% below what studios in Majestique Residence 1 were fetching at the time (AED 1,249). 216's AED 40,000 is in the lower 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 | ||
| 5 Jan 20255 January 2025 | 376 sqft | 490,000 | 1,303 |
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 | ||
| 215 | Studio | 396 sqft | AED 515KAED 515,000 · Sep 2024September 2024 | 30,750 /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 |
216, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 20 January 2025 for AED 434,000, or AED 1,095 per sqft.
- Rented since March 2023 on 3 Ejari contracts, from AED 31,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2025 price is 9.2%, 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 23 August 2025.
Questions about 216, Majestique Residence 1
What did unit 216 last sell for?
AED 434,000 on 20 January 2025, sold by the developer: AED 1,095 per sqft for 396 sqft. It is the only registered sale of the unit.
What is the rent for unit 216?
AED 40,000 a year on the contract signed on 23 August 2025. The previous contract, from March 2024, was AED 33,000; the unit has been rented since March 2023.
How big is unit 216?
396 sqft (36.8 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2021.
What is unit 216 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 216, Majestique Residence 1
Starts from the last sale price (AED 434K, 20 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 434,000
- Deposit, UAE resident (20%)
- AED 86,800
- Deposit, non-resident (40%)
- AED 173,600
- Monthly over 25 years at 3.7%
- AED 1,776
Plus AED 21,138 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →