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2-bed · 990 sqftMajestique Residence 1, Dubai South · 3rd floor · completed 2021

324, Majestique Residence 1

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

Unit 324 · DLD and Ejari recordsUpdated 15 October 2025
Last soldAED 1.02M8 May 2024
Current rentAED 80K /yr15 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 324, Majestique Residence 1

What is 324 worth today?

Last sold for AED 1,018,220 in 2024

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15 Oct 2025RentedNew contract
AED 80,000/yr12 months · AED 81 per sqft
15 May 2024RentedNew contract
AED 73,000/yr12 months · AED 74 per sqft
8 May 2024Sold by developerReady
AED 1,018,220AED 1,028 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 October 2025.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
3rd of 4
Parking
G-83
Developer
Credo Investments
Completed
2021
Service charge
AED 18,300 /yr
Last sold
AED 1.02M · May 2024
Building
Majestique Residence 1

About 324, Majestique Residence 1

324 is a two-bedroom apartment of 990 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 8 May 2024 for AED 1,018,220, or AED 1,028 per sqft, in line with the AED 1,028 two-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 15 October 2025, is AED 80,000 a year: a gross yield of 7.9% on the 2024 price, before the service charge of about AED 18,300 a year.

Sales and rents for 324 over time

Sales
Unit 324, each saleTypical two-bed in Majestique Residence 1
1M1.05M2023202420252026Typical sale price by year: 2023 AED 1,010,000; 2024 AED 1,014,301; 2025 AED 1,069,780Sold by developer, May 2024: AED 1,018,220 (AED 1,028 per sqft)

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

Rents
Unit 324, 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, May 2024: AED 73,000 a yearNew contract, October 2025: AED 80,000 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 324 sits

All 41 2-beds →

324 last sold in May 2024 at AED 1,028 per sqft, in line with what two-beds in Majestique Residence 1 were fetching at the time (AED 1,028). 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. 324's AED 80,000 is in the lower 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
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
3022-bedAED 878K · Jul 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
1–7 of 29

324, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 8 May 2024 for AED 1,018,220, or AED 1,028 per sqft.
  • Rented since May 2024 on 2 Ejari contracts, from AED 73,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2024 price is 7.9%, 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 15 October 2025.

Questions about 324, Majestique Residence 1

What did unit 324 last sell for?

AED 1,018,220 on 8 May 2024, sold by the developer: AED 1,028 per sqft for 990 sqft. It is the only registered sale of the unit.

What is the rent for unit 324?

AED 80,000 a year on the contract signed on 15 October 2025. The previous contract, from May 2024, was AED 73,000.

How big is unit 324?

990 sqft (92.0 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2021.

What is unit 324 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 324, Majestique Residence 1

Starts from the last sale price (AED 1.02M, 8 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,018,220
Deposit, UAE resident (20%)
AED 203,644
Deposit, non-resident (40%)
AED 407,288
Monthly over 25 years at 3.7%
AED 4,166

Plus AED 47,775 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →