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2-bed · 940 sqftMajestique Residence 1, Dubai South · 4th floor · completed 2021

405, Majestique Residence 1

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

Unit 405 · DLD and Ejari recordsUpdated 24 December 2025
Last soldAED 960K18 July 2023
Current rentAED 80K /yr24 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Majestique Residence 1

What is 405 worth today?

Last sold for AED 960,000 in 2023

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24 Dec 2025RentedNew contract
AED 80,000/yr12 months · AED 85 per sqft
27 Jan 2025RentedNew contract
AED 75,000/yr12 months · AED 80 per sqft
18 Jul 2023Sold by developerReady
AED 960,000AED 1,021 per sqft
26 Feb 2023RentedNew contract
AED 55,000/yr12 months · AED 59 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 24 December 2025.

Key facts

Type
2-bed apartment
Size
940 sqft
Floor
4th of 4
Parking
G-08
Developer
Credo Investments
Completed
2021
Service charge
AED 17,300 /yr
Last sold
AED 960K · July 2023
Building
Majestique Residence 1

About 405, Majestique Residence 1

405 is a two-bedroom apartment of 940 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 18 July 2023 for AED 960,000, or AED 1,021 per sqft, in line with the AED 1,023 two-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 24 December 2025, is AED 80,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 17,300 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical two-bed in Majestique Residence 1
950K1M1.05M2023202420252026Typical sale price by year: 2023 AED 1,010,000; 2024 AED 1,014,301; 2025 AED 1,069,780Sold by developer, July 2023: AED 960,000 (AED 1,021 per sqft)

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

Rents
Unit 405, 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, February 2023: AED 55,000 a yearNew contract, January 2025: AED 75,000 a yearNew contract, December 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 405 sits

All 41 2-beds →

405 last sold in July 2023 at AED 1,021 per sqft, in line with what two-beds in Majestique Residence 1 were fetching at the time (AED 1,023). 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. 405'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
4032-bedAED 988K · Sep 2024
4042-bedAED 1.06M · May 2024
4062-bedAED 1.04M · Nov 2024
407StudioAED 459K · May 2024
4082-bedAED 1.05M · May 2024
1–7 of 29

405, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 18 July 2023 for AED 960,000, or AED 1,021 per sqft.
  • Rented since February 2023 on 3 Ejari contracts, from AED 55,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 price is 8.3%, before a service charge of about AED 17,300 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 24 December 2025.

Questions about 405, Majestique Residence 1

What did unit 405 last sell for?

AED 960,000 on 18 July 2023, sold by the developer: AED 1,021 per sqft for 940 sqft. It is the only registered sale of the unit.

What is the rent for unit 405?

AED 80,000 a year on the contract signed on 24 December 2025. The previous contract, from January 2025, was AED 75,000; the unit has been rented since February 2023.

How big is unit 405?

940 sqft (87.3 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2021.

What is unit 405 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 405, Majestique Residence 1

Starts from the last sale price (AED 960K, 18 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 960,000
Deposit, UAE resident (20%)
AED 192,000
Deposit, non-resident (40%)
AED 384,000
Monthly over 25 years at 3.7%
AED 3,928

Plus AED 45,330 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →