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2-bed · 923 sqftMajestique Residence 1, Dubai South · 4th floor · completed 2021

403, Majestique Residence 1

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

Unit 403 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 988K11 September 2024
Current rentAED 80K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, Majestique Residence 1

What is 403 worth today?

Last sold for AED 988,296 in 2024

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1 Nov 2024RentedNew contract
AED 80,000/yr12 months · AED 86 per sqft
11 Sep 2024Sold by developerReady
AED 988,296AED 1,070 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2024.

Key facts

Type
2-bed apartment
Size
923 sqft
Floor
4th of 4
Parking
G-06
Developer
Credo Investments
Completed
2021
Service charge
AED 17,000 /yr
Last sold
AED 988K · September 2024
Building
Majestique Residence 1

About 403, Majestique Residence 1

403 is a two-bedroom apartment of 923 sqft on the 4th floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. The developer sold it on 11 September 2024 for AED 988,296, or AED 1,070 per sqft, in line with the AED 1,055 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2024. The current contract, signed on 1 November 2024, is AED 80,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 17,000 a year.

Sales and rents for 403 over time

Sales
Unit 403, 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, September 2024: AED 988,296 (AED 1,070 per sqft)

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

Rents
Unit 403, 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, November 2024: 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 403 sits

All 41 2-beds →

403 last sold in September 2024 at AED 1,070 per sqft, in line with what two-beds in Majestique Residence 1 were fetching at the time (AED 1,055). 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. 403'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 4th floor

All 106 units in Majestique Residence 1
Value
401StudioAED 472K · Aug 2024
402AED 1.04M · Aug 2025
4042-bedAED 1.06M · May 2024
4052-bedAED 960K · Jul 2023
4062-bedAED 1.04M · Nov 2024
407StudioAED 459K · May 2024
4082-bedAED 1.05M · May 2024
1–7 of 29

403, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 11 September 2024 for AED 988,296, or AED 1,070 per sqft.
  • Rented since November 2024 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2024 price is 8.1%, before a service charge of about AED 17,000 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 1 November 2024.

Questions about 403, Majestique Residence 1

What did unit 403 last sell for?

AED 988,296 on 11 September 2024, sold by the developer: AED 1,070 per sqft for 923 sqft. It is the only registered sale of the unit.

What is the rent for unit 403?

AED 80,000 a year on the contract signed on 1 November 2024.

How big is unit 403?

923 sqft (85.7 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2021.

What is unit 403 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 403, Majestique Residence 1

Starts from the last sale price (AED 988K, 11 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 988,296
Deposit, UAE resident (20%)
AED 197,659
Deposit, non-resident (40%)
AED 395,318
Monthly over 25 years at 3.7%
AED 4,043

Plus AED 46,519 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →