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Studio · 430 sqftMajestine Allure, Business Bay · 10th floor · completed 2018

1016, Majestine Allure

Sold prices and rental history: sold once, by the developer in April 2015, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1016 · DLD and Ejari recordsUpdated 20 October 2025
Last soldAED 922K14 April 2015
Current rentAED 6K /yr20 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1016, Majestine Allure

What is 1016 worth today?

Last sold for AED 921,500 in 2015

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20 Oct 2025RentedNew contract · flagged as an outlier
AED 6,200/yr12 months · AED 14 per sqft
1 Oct 2024RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
27 Aug 2023RentedNew contract
AED 58,000/yr12 months · AED 135 per sqft
11 Mar 2020RentedNew contract
AED 48,000/yr12 months · AED 112 per sqft
14 Apr 2015Sold by developerOff-plan
AED 921,500AED 2,145 per sqft

Source: Dubai Land Department. Updated 20 October 2025.

Key facts

Type
Studio apartment
Size
430 sqft
Floor
10th of 19
Parking
P2-37
Developer
Business Tower Investment
Completed
2018
Last sold
AED 922K · April 2015
Building
Majestine Allure

About 1016, Majestine Allure

1016 is a studio of 430 sqft on the 10th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 14 April 2015 for AED 921,500, or AED 2,145 per sqft, in line with the AED 2,151 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 20 October 2025, is AED 6,200 a year: a gross yield of 0.7% on the 2015 price.

Sales and rents for 1016 over time

Sales
Unit 1016, each saleTypical studio in Majestine Allure
500K1M2014201820222026Typical sale price by year: 2014 AED 1,012,700; 2015 AED 1,008,900; 2016 AED 1,021,725; 2017 AED 1,051,475; 2018 AED 975,051; 2019 AED 931,000; 2020 AED 490,000; 2021 AED 630,000; 2022 AED 650,000; 2023 AED 770,000; 2024 AED 820,000; 2025 AED 830,000; 2026 AED 825,000Sold by developer, April 2015: AED 921,500 (AED 2,145 per sqft)

1016 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1016, each contractTypical studio in Majestine Allure
40K60K20192021202320252027Typical rent by year: 2019 AED 50,000; 2020 AED 40,000; 2021 AED 40,000; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 65,000; 2025 AED 65,000; 2026 AED 57,000New contract, March 2020: AED 48,000 a yearNew contract, August 2023: AED 58,000 a yearNew contract, October 2024: AED 60,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Majestine Allure, and where 1016 sits

All 283 studios →

1016 last sold in April 2015 at AED 2,145 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 2,151). Over the last 12 months studios sold for AED 695,000 to 1,000,000, around AED 1,718 per sqft, and rent for AED 40,000 to 96,000 a year. 1016's AED 6,200 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
15 Sep 2026740,000
20 Aug 2026740,000
25 Jun 2026750,000
9 Jun 2026830,000
18 studio sales in the last 12 months

Majestine Allure

Building

497 apartments, studios to 3-bed over 19 floors in Business Bay, completed in 2018 by Business Tower Investment. 30 sold in the last 12 months.

Typical price per sqft
AED 1,539 Down 7.3%
Typical sale
AED 894K
Typical rent
AED 70K /yr
Typical yield
7.3%
Majestine Allure, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 497 units in Majestine Allure
Value
1001StudioAED 820K · Mar 2025
1002StudioAED 1.02M · Apr 2015
10033-bedAED 3.23M · Apr 2018
10042-bedAED 1.8M · May 2025
10052-bedAED 2.76M · Mar 2024
10062-bedAED 1.9M · Aug 2014
10071-bedAED 1.41M · Oct 2024
1–7 of 27

1016, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 14 April 2015 for AED 921,500, or AED 2,145 per sqft.
  • Rented since March 2020 on 4 Ejari contracts, from AED 48,000 to AED 6,200 a year.
  • At AED 6,200 a year the gross yield on the 2015 price is 0.7%.
  • Studios in Majestine Allure sold for AED 695,000–1,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,539 per sqft.

Source: Dubai Land Department. Updated 20 October 2025.

Questions about 1016, Majestine Allure

What did unit 1016 last sell for?

AED 921,500 on 14 April 2015, sold by the developer: AED 2,145 per sqft for 430 sqft. It is the only registered sale of the unit.

What is the rent for unit 1016?

AED 6,200 a year on the contract signed on 20 October 2025. The previous contract, from October 2024, was AED 60,000; the unit has been rented since March 2020.

How big is unit 1016?

430 sqft (39.9 sqm): a studio on the 10th floor of a 19-storey tower completed in 2018.

What is unit 1016 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Majestine Allure sold for AED 695,000 to 1,000,000 in the last 12 months, around AED 1,718 per sqft.

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Mortgage on 1016, Majestine Allure

Starts from the last sale price (AED 922K, 14 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 921,500
Deposit, UAE resident (20%)
AED 184,300
Deposit, non-resident (40%)
AED 368,600
Monthly over 25 years at 3.7%
AED 3,770

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →