Home
Dubai prices
About
Research
2-bed · 934 sqftMajestique Residence 1, Dubai South · 4th floor · completed 2021

406, Majestique Residence 1

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

Unit 406 · DLD and Ejari recordsUpdated 5 December 2024
Last soldAED 1.04M28 November 2024
Current rentAED 85K /yr5 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Majestique Residence 1

What is 406 worth today?

Last sold for AED 1,043,450 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Dec 2024RentedNew contract
AED 85,000/yr12 months · AED 91 per sqft
28 Nov 2024SoldReady
AED 1,043,450AED 1,117 per sqft
19 Sep 2021Sold by developerOff-plan
AED 979,999AED 1,049 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 December 2024.

Key facts

Type
2-bed apartment
Size
934 sqft
Floor
4th of 4
Parking
G-09
Developer
Credo Investments
Completed
2021
Service charge
AED 17,200 /yr
Last sold
AED 1.04M · November 2024
Building
Majestique Residence 1

About 406, Majestique Residence 1

406 is a two-bedroom apartment of 934 sqft on the 4th floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. It last sold on 28 November 2024 for AED 1,043,450, or AED 1,117 per sqft, 5% above the AED 1,064 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 December 2024. The current contract, signed on 5 December 2024, is AED 85,000 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 17,200 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in Majestique Residence 1
1M1.05M202120232025Typical sale price by year: 2023 AED 1,010,000; 2024 AED 1,014,301; 2025 AED 1,069,780Sold by developer, September 2021: AED 979,999 (AED 1,049 per sqft)Sold, November 2024: AED 1,043,450 (AED 1,117 per sqft)

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

Rents
Unit 406, 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, December 2024: AED 85,000 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 406 sits

All 41 2-beds →

406 last sold in November 2024 at AED 1,117 per sqft, 5% above what two-beds in Majestique Residence 1 were fetching at the time (AED 1,064). 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. 406's AED 85,000 is at the top 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
4052-bedAED 960K · Jul 2023
407StudioAED 459K · May 2024
4082-bedAED 1.05M · May 2024
1–7 of 29

406, Majestique Residence 1 in numbers

  • Sold twice: first on 19 September 2021 for AED 979,999, last on 28 November 2024 for AED 1,043,450 (AED 1,117 per sqft).
  • Rented since December 2024 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 8.2%, before a service charge of about AED 17,200 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 5 December 2024.

Questions about 406, Majestique Residence 1

What did unit 406 last sell for?

AED 1,043,450 on 28 November 2024: AED 1,117 per sqft for 934 sqft. The unit has 2 registered sales; the first was AED 979,999 in September 2021.

What is the rent for unit 406?

AED 85,000 a year on the contract signed on 5 December 2024.

How big is unit 406?

934 sqft (86.8 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2021.

What is unit 406 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.

Selling 406? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 406, Majestique Residence 1

Starts from the last sale price (AED 1.04M, 28 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,043,450
Deposit, UAE resident (20%)
AED 208,690
Deposit, non-resident (40%)
AED 417,380
Monthly over 25 years at 3.7%
AED 4,269

Plus AED 48,835 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →