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2-bed · 990 sqftMajestique Residence 1, Dubai South · 2nd floor · completed 2021

224, Majestique Residence 1

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

Unit 224 · DLD and Ejari recordsUpdated 31 July 2025
Last soldAED 1.24M28 July 2025
Current rentAED 82K /yr31 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 224, Majestique Residence 1

What is 224 worth today?

Last sold for AED 1,238,738 in 2025

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31 Jul 2025RentedNew contract
AED 82,000/yr12 months · AED 83 per sqft
28 Jul 2025Sold by developerReady
AED 1,238,738AED 1,251 per sqft
27 Oct 2022RentedNew contract
AED 48,380/yr24 months · AED 49 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 July 2025.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
2nd of 4
Parking
G-39 0
Developer
Credo Investments
Completed
2021
Service charge
AED 18,300 /yr
Last sold
AED 1.24M · July 2025
Building
Majestique Residence 1

About 224, Majestique Residence 1

224 is a two-bedroom apartment of 990 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 28 July 2025 for AED 1,238,738, or AED 1,251 per sqft, 16% above the AED 1,076 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 31 July 2025, is AED 82,000 a year: a gross yield of 6.6% on the 2025 price, before the service charge of about AED 18,300 a year.

Sales and rents for 224 over time

Sales
Unit 224, each saleTypical two-bed in Majestique Residence 1
1M1.2M2023202420252026Typical sale price by year: 2023 AED 1,010,000; 2024 AED 1,014,301; 2025 AED 1,069,780Sold by developer, July 2025: AED 1,238,738 (AED 1,251 per sqft)

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

Rents
Unit 224, each contractTypical two-bed in Majestique Residence 1
60K80K202220242026Typical 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, July 2025: AED 82,000 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 224 sits

All 41 2-beds →

224 last sold in July 2025 at AED 1,251 per sqft, 16% above what two-beds in Majestique Residence 1 were fetching at the time (AED 1,076). 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. 224's AED 82,000 is in the upper half 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
4 Jul 20251,141,400
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
2062-bedAED 970K · Oct 2024
207StudioAED 441K · Oct 2022
2092-bedAED 1.06M · Sep 2024
1–7 of 21

224, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 28 July 2025 for AED 1,238,738, or AED 1,251 per sqft.
  • Rented since October 2022 on 2 Ejari contracts, from AED 48,380 to AED 82,000 a year.
  • At AED 82,000 a year the gross yield on the 2025 price is 6.6%, 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 31 July 2025.

Questions about 224, Majestique Residence 1

What did unit 224 last sell for?

AED 1,238,738 on 28 July 2025, sold by the developer: AED 1,251 per sqft for 990 sqft. It is the only registered sale of the unit.

What is the rent for unit 224?

AED 82,000 a year on the contract signed on 31 July 2025. The previous contract, from October 2022, was AED 48,380.

How big is unit 224?

990 sqft (92.0 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2021.

What is unit 224 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 224, Majestique Residence 1

Starts from the last sale price (AED 1.24M, 28 July 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,238,738
Deposit, UAE resident (20%)
AED 247,748
Deposit, non-resident (40%)
AED 495,495
Monthly over 25 years at 3.7%
AED 5,068

Plus AED 57,037 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →