1-bed · 1,003 sqftMajestine Allure, Business Bay · 12th floor · completed 2018

1205A, Majestine Allure

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

Unit 1205A · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 1.76M17 November 2019
Current rentAED 90K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1205A, Majestine Allure

What is 1205A worth today?

Last sold for AED 1,764,000 in 2019

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1 Aug 2024RentedNew contract
AED 90,000/yr12 months · AED 90 per sqft
2 Aug 2023RentedNew contract
AED 88,000/yr12 months · AED 88 per sqft
25 Jul 2022RentedNew contract
AED 79,786/yr12 months · AED 80 per sqft
25 Nov 2021RentedNew contract
AED 126,000/yr12 months · AED 126 per sqft
17 Nov 2019Sold by developerReady
AED 1,764,000AED 1,759 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
1-bed apartment
Size
1,003 sqft
Floor
12th of 19
Parking
P2-79
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.76M · November 2019

About 1205A, Majestine Allure

1205A is a one-bedroom apartment of 1,003 sqft on the 12th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 17 November 2019 for AED 1,764,000, or AED 1,759 per sqft, in line with the AED 1,759 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 1 August 2024, is AED 90,000 a year: a gross yield of 5.1% on the 2019 price.

Sales and rents for 1205A over time

Sales
Unit 1205A, each saleTypical one-bed in Majestine Allure
1M1.5M2014201820222026Typical sale price by year: 2014 AED 1,779,350; 2015 AED 1,730,900; 2016 AED 1,719,000; 2017 AED 1,517,000; 2018 AED 1,552,655; 2019 AED 1,677,000; 2020 AED 1,040,000; 2021 AED 912,500; 2022 AED 1,336,500; 2023 AED 1,656,120; 2024 AED 1,320,000; 2025 AED 1,262,500; 2026 AED 1,327,500Sold by developer, November 2019: AED 1,764,000 (AED 1,759 per sqft)

1205A has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1205A, each contractTypical one-bed in Majestine Allure
50K100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 61,500; 2021 AED 64,000; 2022 AED 75,000; 2023 AED 87,000; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 90,000New contract, November 2021: AED 126,000 a yearNew contract, July 2022: AED 79,786 a yearNew contract, August 2023: AED 88,000 a yearNew contract, August 2024: AED 90,000 a year

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

1-beds in Majestine Allure, and where 1205A sits

All 147 1-beds →

1205A last sold in November 2019 at AED 1,759 per sqft, in line with what one-beds in Majestine Allure were fetching at the time (AED 1,759). Over the last 12 months one-beds sold for AED 1,250,000 to 1,433,816, around AED 1,426 per sqft, and rent for AED 70,000 to 120,000 a year. 1205A's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Aug 20261,250,000
20 Jul 20261,282,931
23 Apr 20261,433,816
6 Apr 20261,305,000
10 1-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 12th floor

All 497 units in Majestine Allure
Value
1201StudioAED 1.1M · Feb 2015
1202StudioAED 830K · Jul 2024
1203StudioAED 1.06M · Mar 2017
1204StudioAED 1.12M · Nov 2022
1205StudioAED 936K · Nov 2022
12062-bedAED 2.98M · Jun 2015
12071-bedAED 1.85M · Mar 2017
1–7 of 33

1205A, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 17 November 2019 for AED 1,764,000, or AED 1,759 per sqft.
  • Rented since November 2021 on 4 Ejari contracts. The rent fell from AED 126,000 to AED 79,786 in 2022 and recovered to AED 90,000 by August 2024.
  • At AED 90,000 a year the gross yield on the 2019 price is 5.1%.
  • One-beds in Majestine Allure sold for AED 1,250,000–1,433,816 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 1 August 2024.

Questions about 1205A, Majestine Allure

What did unit 1205A last sell for?

AED 1,764,000 on 17 November 2019, sold by the developer: AED 1,759 per sqft for 1,003 sqft. It is the only registered sale of the unit.

What is the rent for unit 1205A?

AED 90,000 a year on the contract signed on 1 August 2024. The previous contract, from August 2023, was AED 88,000; the unit has been rented since November 2021.

How big is unit 1205A?

1,003 sqft (93.2 sqm): a one-bedroom apartment on the 12th floor of a 19-storey tower completed in 2018.

What is unit 1205A worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Majestine Allure sold for AED 1,250,000 to 1,433,816 in the last 12 months, around AED 1,426 per sqft.

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Mortgage on 1205A, Majestine Allure

Starts from the last sale price (AED 1.76M, 17 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,764,000
Deposit, UAE resident (20%)
AED 352,800
Deposit, non-resident (40%)
AED 705,600
Monthly over 25 years at 3.7%
AED 7,217

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