407, 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.
Property timeline for 407, Majestique Residence 1
What is 407 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 378 sqft
- Floor
- 4th of 4
- Parking
- G-10
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 7,000 /yr
- Last sold
- AED 459K · May 2024
- Building
- Majestique Residence 1
About 407, Majestique Residence 1
407 is a studio of 378 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 1 May 2024 for AED 459,000, or AED 1,214 per sqft, 3% above the AED 1,173 studios in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 20 July 2025, is AED 40,000 a year: a gross yield of 8.7% on the 2024 price, before the service charge of about AED 7,000 a year.
Sales and rents for 407 over time
407 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 407 sits
All 46 studios →407 last sold in May 2024 at AED 1,214 per sqft, 3% above what studios in Majestique Residence 1 were fetching at the time (AED 1,173). 407'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 4th floor
All 106 units in Majestique Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 376 sqft | AED 472KAED 471,853 · Aug 2024August 2024 | ||
| 402 | 883 sqft | AED 1.04MAED 1,037,500 · Aug 2025August 2025 | |||
| 403 | 2-bed | 923 sqft | AED 988KAED 988,296 · Sep 2024September 2024 | 80,000 /yr | |
| 404 | 2-bed | 997 sqft | AED 1.06MAED 1,062,000 · May 2024May 2024 | 77,000 /yr | |
| 405 | 2-bed | 940 sqft | AED 960KAED 960,000 · Jul 2023July 2023 | 80,000 /yr | |
| 406 | 2-bed | 934 sqft | AED 1.04MAED 1,043,450 · Nov 2024November 2024 | 85,000 /yr | |
| 408 | 2-bed | 989 sqft | AED 1.05MAED 1,053,000 · May 2024May 2024 | 78,000 /yr | |
| 409 | 2-bed | 1,095 sqft | AED 1.07MAED 1,070,000 · Dec 2025December 2025 | ||
| 410 | 1-bed | 686 sqft | AED 753KAED 753,000 · Oct 2024October 2024 | 65,000 /yr | |
| 411 | 1-bed | 787 sqft | AED 891KAED 890,820 · Jul 2025July 2025 | 55,714 /yr | |
| 412 | 2-bed | 928 sqft | AED 1.06MAED 1,061,000 · May 2025May 2025 | ||
| 413 | Studio | 396 sqft | AED 508KAED 508,217 · Sep 2024September 2024 | 41,000 /yr | |
| 414 | 2-bed | 935 sqft | AED 1.02MAED 1,015,000 · Jan 2025January 2025 | ||
| 415 | Studio | 396 sqft | AED 495KAED 495,000 · Jul 2024July 2024 | 42,000 /yr | |
| 416 | Studio | 396 sqft | AED 493KAED 492,940 · Sep 2024September 2024 | ||
| 417 | Studio | 396 sqft | AED 495KAED 495,000 · Jul 2024July 2024 | 40,000 /yr | |
| 418 | Studio | 396 sqft | AED 495KAED 495,000 · Jun 2024June 2024 | 60,000 /yr | |
| 419 | 2-bed | 939 sqft | AED 1.11MAED 1,108,444 · Apr 2025April 2025 | ||
| 420 | Studio | 396 sqft | AED 502KAED 502,000 · Aug 2024August 2024 | 44,000 /yr | |
| 421 | Studio | 399 sqft | AED 515KAED 515,000 · Oct 2024October 2024 | 45,000 /yr | |
| 422 | Studio | 498 sqft | AED 613KAED 612,719 · Jul 2024July 2024 | ||
| 423 | 1-bed | 710 sqft | AED 791KAED 790,575 · Aug 2023August 2023 | ||
| 424 | 2-bed | 990 sqft | AED 1.04MAED 1,037,000 · Jun 2024June 2024 | ||
| 425 | Studio | 378 sqft | AED 477KAED 477,076 · Aug 2024August 2024 | 38,000 /yr | |
| 426 | 2-bed | 934 sqft | AED 1.03MAED 1,030,303 · Sep 2024September 2024 | 70,000 /yr | |
| 427 | Studio | 380 sqft | AED 480KAED 480,000 · Nov 2024November 2024 | ||
| 429 | 2-bed | 939 sqft | AED 984KAED 984,000 · Jun 2024June 2024 | ||
| 430 | 2-bed | 1,004 sqft | AED 1.02MAED 1,023,000 · Aug 2023August 2023 | 120,000 /yr | |
| 431 | 2-bed | 923 sqft | AED 998KAED 998,279 · Sep 2024September 2024 | 84,000 /yr |
407, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 1 May 2024 for AED 459,000, or AED 1,214 per sqft.
- Rented since July 2024 on 2 Ejari contracts, at AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2024 price is 8.7%, before a service charge of about AED 7,000 a year (AED 18.45 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 20 July 2025.
Questions about 407, Majestique Residence 1
What did unit 407 last sell for?
AED 459,000 on 1 May 2024, sold by the developer: AED 1,214 per sqft for 378 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 40,000 a year on the contract renewed on 20 July 2025. The previous contract, from July 2024, was AED 40,000.
How big is unit 407?
378 sqft (35.1 sqm): a studio on the 4th floor of a 4-storey tower completed in 2021.
What is unit 407 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 407, Majestique Residence 1
Starts from the last sale price (AED 459K, 1 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 459,000
- Deposit, UAE resident (20%)
- AED 91,800
- Deposit, non-resident (40%)
- AED 183,600
- Monthly over 25 years at 3.7%
- AED 1,878
Plus AED 22,188 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →