313, Majestique Residence 1
Sold prices and rental history: sold once, by the developer in July 2020, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 313, Majestique Residence 1
What is 313 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 395 sqft
- Floor
- 3rd of 4
- Parking
- G-72
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 7,300 /yr
- Last sold
- AED 470K · July 2020
- Building
- Majestique Residence 1
About 313, Majestique Residence 1
313 is a studio of 395 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 7 July 2020 for AED 469,999, or AED 1,188 per sqft.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 November 2024, is AED 40,000 a year: a gross yield of 8.5% on the 2020 price, before the service charge of about AED 7,300 a year.
Sales and rents for 313 over time
313 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 313 sits
All 46 studios →313'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 | ||
| 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 3rd floor
All 106 units in Majestique Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | Studio | 376 sqft | AED 403KAED 402,800 · Jan 2023January 2023 | 31,500 /yr | |
| 302 | 2-bed | 883 sqft | AED 878KAED 877,800 · Jul 2023July 2023 | 72,000 /yr | |
| 303 | 2-bed | 923 sqft | AED 994KAED 993,570 · Nov 2024November 2024 | 85,000 /yr | |
| 304 | 2-bed | 998 sqft | AED 975KAED 975,000 · Oct 2023October 2023 | 79,000 /yr | |
| 305 | 2-bed | 934 sqft | AED 994KAED 994,025 · Sep 2024September 2024 | ||
| 306 | 2-bed | 991 sqft | AED 1.05MAED 1,045,888 · Mar 2024March 2024 | ||
| 307 | Studio | 378 sqft | AED 480KAED 479,999 · Sep 2021September 2021 | ||
| 308 | 2-bed | 989 sqft | AED 1.02MAED 1,024,048 · Feb 2023February 2023 | ||
| 309 | 2-bed | 1,095 sqft | AED 1.1MAED 1,100,000 · Sep 2024September 2024 | ||
| 310 | 1-bed | 688 sqft | AED 738KAED 737,500 · Dec 2023December 2023 | ||
| 311 | 1-bed | 788 sqft | AED 910KAED 910,000 · Mar 2023March 2023 | ||
| 312 | 2-bed | 928 sqft | AED 998KAED 998,386 · Oct 2024October 2024 | ||
| 314 | 2-bed | 935 sqft | AED 976KAED 975,810 · Nov 2024November 2024 | ||
| 315 | Studio | 396 sqft | AED 465KAED 465,000 · May 2023May 2023 | 33,000 /yr | |
| 316 | Studio | 396 sqft | AED 498KAED 498,066 · Jul 2023July 2023 | ||
| 317 | Studio | 396 sqft | AED 465KAED 465,000 · May 2023May 2023 | 42,000 /yr | |
| 318 | Studio | 396 sqft | AED 461KAED 461,000 · Jun 2023June 2023 | 25,000 /yr | |
| 319 | 2-bed | 939 sqft | AED 1.01MAED 1,010,381 · Oct 2024October 2024 | ||
| 320 | Studio | 396 sqft | AED 464KAED 463,798 · Aug 2023August 2023 | ||
| 321 | Studio | 399 sqft | AED 457KAED 457,300 · Aug 2023August 2023 | ||
| 322 | Studio | 498 sqft | AED 588KAED 588,154 · Dec 2023December 2023 | ||
| 323 | 1-bed | 710 sqft | AED 760KAED 760,000 · Jan 2023January 2023 | 50,000 /yr | |
| 324 | 2-bed | 990 sqft | AED 1.02MAED 1,018,220 · May 2024May 2024 | 80,000 /yr | |
| 325 | Studio | 378 sqft | AED 450KAED 450,000 · Apr 2023April 2023 | 40,000 /yr | |
| 326 | 2-bed | 991 sqft | AED 1.02MAED 1,019,200 · May 2024May 2024 | 75,000 /yr | |
| 327 | Studio | 380 sqft | AED 429KAED 428,622 · Mar 2023March 2023 | 39,000 /yr | |
| 329 | 2-bed | 934 sqft | AED 976KAED 975,888 · Mar 2024March 2024 | ||
| 330 | 2-bed | 995 sqft | AED 1.01MAED 1,010,000 · Aug 2023August 2023 | 240,000 /yr | |
| 331 | 2-bed | 923 sqft | AED 994KAED 993,570 · Nov 2024November 2024 |
313, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 7 July 2020 for AED 469,999, or AED 1,188 per sqft.
- Rented since August 2023 on 2 Ejari contracts, from AED 35,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2020 price is 8.5%, 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 1 November 2024.
Questions about 313, Majestique Residence 1
What did unit 313 last sell for?
AED 469,999 on 7 July 2020, sold by the developer: AED 1,188 per sqft for 395 sqft. It is the only registered sale of the unit.
What is the rent for unit 313?
AED 40,000 a year on the contract signed on 1 November 2024. The previous contract, from August 2023, was AED 35,000.
How big is unit 313?
395 sqft (36.7 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2021.
What is unit 313 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 313, Majestique Residence 1
Starts from the last sale price (AED 470K, 7 July 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 469,999
- Deposit, UAE resident (20%)
- AED 94,000
- Deposit, non-resident (40%)
- AED 188,000
- Monthly over 25 years at 3.7%
- AED 1,923
Plus AED 22,650 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →