3-bed · 1,420 sqftMajestine Allure, Business Bay · 11th floor · completed 2018

1115, Majestine Allure

Sold prices and rental history: sold once, by the developer in November 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1115 · DLD and Ejari recordsUpdated 14 November 2018
Last soldAED 2.35M14 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1115, Majestine Allure

What is 1115 worth today?

Last sold for AED 2,353,000 in 2018

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14 Nov 2018Sold by developerReady
AED 2,353,000AED 1,656 per sqft

Source: Dubai Land Department. Updated 14 November 2018.

Key facts

Type
3-bed hotel apartment
Size
1,420 sqft
Floor
11th of 19
Parking
P2-94, P2-98
Developer
Business Tower Investment
Completed
2018
Last sold
AED 2.35M · November 2018

About 1115, Majestine Allure

1115 is a three-bedroom hotel apartment of 1,420 sqft on the 11th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 14 November 2018 for AED 2,353,000, or AED 1,656 per sqft, in line with the AED 1,655 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1115 over time

Sales
Unit 1115, each saleTypical three-bed in Majestine Allure
2M3M20142017202020232026Typical sale price by year: 2014 AED 3,601,950; 2015 AED 2,945,950; 2018 AED 2,349,000; 2022 AED 2,027,000; 2025 AED 2,400,000Sold by developer, November 2018: AED 2,353,000 (AED 1,656 per sqft)

1115 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1115, each contractTypical three-bed in Majestine Allure
100K150K20192021202320252027Typical rent by year: 2019 AED 115,000; 2020 AED 101,500; 2021 AED 105,500; 2022 AED 138,000; 2023 AED 155,000; 2024 AED 160,000; 2025 AED 160,000; 2026 AED 150,000

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

3-beds in Majestine Allure, and where 1115 sits

All 22 3-beds →

1115 last sold in November 2018 at AED 1,656 per sqft, in line with what three-beds in Majestine Allure were fetching at the time (AED 1,655). Over the last 12 months three-beds sold for AED 1,850,000 to 2,400,000, around AED 1,496 per sqft, and rent for AED 110,000 to 200,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
6 Apr 20261,850,000
18 Nov 20252,400,000
15 Aug 20252,060,000
15 Jan 20252,428,000
2 3-bed 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 11th floor

All 497 units in Majestine Allure
Value
1101StudioAED 720K · May 2023
1102StudioAED 590K · Nov 2021
1103StudioAED 1.06M · Sep 2015
1104StudioAED 880K · Sep 2025
11052-bedAED 1.75M · May 2023
1106StudioAED 1M · Dec 2018
11071-bedAED 1.78M · Aug 2014
1–7 of 33

1115, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 14 November 2018 for AED 2,353,000, or AED 1,656 per sqft.
  • Three-beds in Majestine Allure sold for AED 1,850,000–2,400,000 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 14 November 2018.

Questions about 1115, Majestine Allure

What did unit 1115 last sell for?

AED 2,353,000 on 14 November 2018, sold by the developer: AED 1,656 per sqft for 1,420 sqft. It is the only registered sale of the unit.

How big is unit 1115?

1,420 sqft (131.9 sqm): a three-bedroom hotel apartment on the 11th floor of a 19-storey tower completed in 2018.

What is unit 1115 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Majestine Allure sold for AED 1,850,000 to 2,400,000 in the last 12 months, around AED 1,496 per sqft.

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Mortgage on 1115, Majestine Allure

Starts from the last sale price (AED 2.35M, 14 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,353,000
Deposit, UAE resident (20%)
AED 470,600
Deposit, non-resident (40%)
AED 941,200
Monthly over 25 years at 3.7%
AED 9,627

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