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2-bed · 990 sqftMajestique Residence 1, Dubai South · 4th floor · completed 2021

424, Majestique Residence 1

Sold prices and rental history: sold once, by the developer in June 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 424 · DLD and Ejari recordsUpdated 3 June 2024
Last soldAED 1.04M3 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 424, Majestique Residence 1

What is 424 worth today?

Last sold for AED 1,037,000 in 2024

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3 Jun 2024Sold by developerReady
AED 1,037,000AED 1,047 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 June 2024.

Key facts

Type
2-bed apartment
Size
990 sqft
Floor
4th of 4
Parking
G-87
Developer
Credo Investments
Completed
2021
Service charge
AED 18,300 /yr
Last sold
AED 1.04M · June 2024
Building
Majestique Residence 1

About 424, Majestique Residence 1

424 is a two-bedroom apartment of 990 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 3 June 2024 for AED 1,037,000, or AED 1,047 per sqft, in line with the AED 1,037 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 424 over time

Sales
Unit 424, 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, June 2024: AED 1,037,000 (AED 1,047 per sqft)

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

Rents
Unit 424, 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 80,000

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 424 sits

All 41 2-beds →

424 last sold in June 2024 at AED 1,047 per sqft, in line with what two-beds in Majestique Residence 1 were fetching at the time (AED 1,037). 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.

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
4062-bedAED 1.04M · Nov 2024
407StudioAED 459K · May 2024
1–7 of 29

424, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 3 June 2024 for AED 1,037,000, or AED 1,047 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 3 June 2024.

Questions about 424, Majestique Residence 1

What did unit 424 last sell for?

AED 1,037,000 on 3 June 2024, sold by the developer: AED 1,047 per sqft for 990 sqft. It is the only registered sale of the unit.

How big is unit 424?

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

What is unit 424 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 424, Majestique Residence 1

Starts from the last sale price (AED 1.04M, 3 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,037,000
Deposit, UAE resident (20%)
AED 207,400
Deposit, non-resident (40%)
AED 414,800
Monthly over 25 years at 3.7%
AED 4,243

Plus AED 48,564 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →