223, Majestique Residence 1
Sold prices and rental history: sold once, by the developer in December 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 223, Majestique Residence 1
What is 223 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 16 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 710 sqft
- Floor
- 2nd of 4
- Parking
- G-38
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 13,100 /yr
- Last sold
- AED 800K · December 2024
- Building
- Majestique Residence 1
About 223, Majestique Residence 1
223 is a one-bedroom apartment of 710 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 25 December 2024 for AED 800,000, or AED 1,126 per sqft, in line with the AED 1,113 one-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 16 February 2025, is AED 60,000 a year: a gross yield of 7.5% on the 2024 price, before the service charge of about AED 13,100 a year.
Sales and rents for 223 over time
223 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Majestique Residence 1, and where 223 sits
All 12 1-beds →223 last sold in December 2024 at AED 1,126 per sqft, in line with what one-beds in Majestique Residence 1 were fetching at the time (AED 1,113). 223's AED 60,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jul 20259 July 2025 | 787 sqft | 890,820 | 1,131 | ||
| 10 Jun 202510 June 2025 | 788 sqft | 865,000 | 1,097 | ||
| 27 Jan 202527 January 2025 | 713 sqft | 798,000 | 1,119 | ||
| 24 Dec 202424 December 2024 | 788 sqft | 882,000 | 1,118 |
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 | |
| 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 | |
| 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 |
223, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 25 December 2024 for AED 800,000, or AED 1,126 per sqft.
- Rented since October 2022 on 2 Ejari contracts, from AED 43,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2024 price is 7.5%, before a service charge of about AED 13,100 a year (AED 18.45 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 16 February 2025.
Questions about 223, Majestique Residence 1
What did unit 223 last sell for?
AED 800,000 on 25 December 2024, sold by the developer: AED 1,126 per sqft for 710 sqft. It is the only registered sale of the unit.
What is the rent for unit 223?
AED 60,000 a year on the contract signed on 16 February 2025. The previous contract, from October 2022, was AED 43,000.
How big is unit 223?
710 sqft (66.0 sqm): a one-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2021.
What is unit 223 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 223? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 223, Majestique Residence 1
Starts from the last sale price (AED 800K, 25 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 800,000
- Deposit, UAE resident (20%)
- AED 160,000
- Deposit, non-resident (40%)
- AED 320,000
- Monthly over 25 years at 3.7%
- AED 3,273
Plus AED 38,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →