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2-bed · 883 sqftMajestique Residence 1, Dubai South · 3rd floor · completed 2021

302, Majestique Residence 1

Sold prices and rental history: sold once, by the developer in July 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 16 June 2025
Last soldAED 878K12 July 2023
Current rentAED 72K /yr16 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Majestique Residence 1

What is 302 worth today?

Last sold for AED 877,800 in 2023

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16 Jun 2025RentedRenewal
AED 72,000/yr12 months · AED 82 per sqft
16 Jun 2024RentedNew contract
AED 67,000/yr12 months · AED 76 per sqft
12 Jul 2023Sold by developerReady
AED 877,800AED 994 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 June 2025.

Key facts

Type
2-bed apartment
Size
883 sqft
Floor
3rd of 4
Parking
G-117
Developer
Credo Investments
Completed
2021
Service charge
AED 16,300 /yr
Last sold
AED 878K · July 2023
Building
Majestique Residence 1

About 302, Majestique Residence 1

302 is a two-bedroom apartment of 883 sqft on the 3rd floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. The developer sold it on 12 July 2023 for AED 877,800, or AED 994 per sqft, in line with the AED 1,024 two-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 16 June 2025, is AED 72,000 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 16,300 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in Majestique Residence 1
900K1M1.1M2023202420252026Typical sale price by year: 2023 AED 1,010,000; 2024 AED 1,014,301; 2025 AED 1,069,780Sold by developer, July 2023: AED 877,800 (AED 994 per sqft)

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

Rents
Unit 302, 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, June 2024: AED 67,000 a yearRenewal, June 2025: AED 72,000 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 302 sits

All 41 2-beds →

302 last sold in July 2023 at AED 994 per sqft, in line with what two-beds in Majestique Residence 1 were fetching at the time (AED 1,024). 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. 302's AED 72,000 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 3rd floor

All 106 units in Majestique Residence 1
Value
301StudioAED 403K · Jan 2023
3032-bedAED 994K · Nov 2024
3042-bedAED 975K · Oct 2023
3052-bedAED 994K · Sep 2024
3062-bedAED 1.05M · Mar 2024
307StudioAED 480K · Sep 2021
3082-bedAED 1.02M · Feb 2023
1–7 of 29

302, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 12 July 2023 for AED 877,800, or AED 994 per sqft.
  • Rented since June 2024 on 2 Ejari contracts, from AED 67,000 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2023 price is 8.2%, before a service charge of about AED 16,300 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 16 June 2025.

Questions about 302, Majestique Residence 1

What did unit 302 last sell for?

AED 877,800 on 12 July 2023, sold by the developer: AED 994 per sqft for 883 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 72,000 a year on the contract renewed on 16 June 2025. The previous contract, from June 2024, was AED 67,000.

How big is unit 302?

883 sqft (82.0 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2021.

What is unit 302 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 302, Majestique Residence 1

Starts from the last sale price (AED 878K, 12 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 877,800
Deposit, UAE resident (20%)
AED 175,560
Deposit, non-resident (40%)
AED 351,120
Monthly over 25 years at 3.7%
AED 3,591

Plus AED 41,878 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →