Home
Dubai prices
About
Research
Studio · 480 sqftMajestine Allure, Business Bay · 11th floor · completed 2018

1118, Majestine Allure

Sold prices and rental history: sold twice, last in February 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1118 · DLD and Ejari recordsUpdated 23 October 2026
Last soldAED 630K18 February 2019
Current rentAED 82K /yr23 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1118

Property timeline for 1118, Majestine Allure

What is 1118 worth today?

Last sold for AED 630,000 in 2019

Unlock today's estimate, updated daily, with

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

23 Oct 2026RentedRenewal
AED 82,000/yr12 months · AED 171 per sqft
23 Oct 2025RentedNew contract
AED 82,000/yr12 months · AED 171 per sqft
1 May 2023RentedRenewal
AED 84,000/yr12 months · AED 173 per sqft
1 May 2022RentedNew contract
AED 84,000/yr12 months · AED 173 per sqft
27 Mar 2021RentedNew contract
AED 50,000/yr12 months · AED 103 per sqft
18 Feb 2019SoldReady
AED 630,000AED 1,313 per sqft
3 Dec 2014Sold by developerOff-plan
AED 1,002,000AED 2,089 per sqft

Source: Dubai Land Department. Updated 23 October 2026.

Key facts

Type
Studio apartment
Size
480 sqft
Floor
11th of 19
Parking
P2-68
Developer
Business Tower Investment
Completed
2018
Last sold
AED 630K · February 2019
Building
Majestine Allure

About 1118, Majestine Allure

1118 is a studio of 480 sqft on the 11th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 18 February 2019 for AED 630,000, or AED 1,313 per sqft, 32% below the AED 1,927 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 23 October 2026, is AED 82,000 a year: a gross yield of 13.0% on the 2019 price.

Sales and rents for 1118 over time

Sales
Unit 1118, 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, December 2014: AED 1,002,000 (AED 2,089 per sqft)Sold, February 2019: AED 630,000 (AED 1,313 per sqft)

1118 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1118, each contractTypical studio in Majestine Allure
40K60K80K201920222025Typical 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 2021: AED 50,000 a yearNew contract, May 2022: AED 84,000 a yearRenewal, May 2023: AED 84,000 a yearNew contract, October 2025: AED 82,000 a yearRenewal, October 2026: AED 82,000 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 1118 sits

All 283 studios →

1118 last sold in February 2019 at AED 1,313 per sqft, 32% below what studios in Majestine Allure were fetching at the time (AED 1,927). 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. 1118's AED 82,000 is in the upper half 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 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

1118, Majestine Allure in numbers

  • Sold twice: first on 3 December 2014 for AED 1,002,000, last on 18 February 2019 for AED 630,000 (AED 1,313 per sqft).
  • Rented since March 2021 on 5 Ejari contracts, from AED 50,000 to AED 82,000 a year.
  • At AED 82,000 a year the gross yield on the 2019 price is 13.0%.
  • 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 23 October 2026.

Questions about 1118, Majestine Allure

What did unit 1118 last sell for?

AED 630,000 on 18 February 2019: AED 1,313 per sqft for 480 sqft. The unit has 2 registered sales; the first was AED 1,002,000 in December 2014.

What is the rent for unit 1118?

AED 82,000 a year on the contract renewed on 23 October 2026. The previous contract, from October 2025, was AED 82,000; the unit has been rented since March 2021.

How big is unit 1118?

480 sqft (44.6 sqm): a studio on the 11th floor of a 19-storey tower completed in 2018.

What is unit 1118 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.

Selling 1118? 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 1118, Majestine Allure

Starts from the last sale price (AED 630K, 18 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 630,000
Deposit, UAE resident (20%)
AED 126,000
Deposit, non-resident (40%)
AED 252,000
Monthly over 25 years at 3.7%
AED 2,578

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