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Studio · 479 sqftMajestine Allure, Business Bay · 12th floor · completed 2018

1216A, Majestine Allure

Sold prices and rental history: sold twice, last in January 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1216A · DLD and Ejari recordsUpdated 31 January 2024
Last soldAED 840K31 January 2024
Current rentAED 38K /yr1 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1216A, Majestine Allure

What is 1216A worth today?

Last sold for AED 840,000 in 2024

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31 Jan 2024SoldReady
AED 840,000AED 1,752 per sqft
1 Feb 2022RentedNew contract
AED 38,000/yr12 months · AED 79 per sqft
1 Feb 2021RentedNew contract
AED 38,000/yr12 months · AED 78 per sqft
7 Jan 2019RentedNew contract
AED 60,000/yr12 months · AED 124 per sqft
25 Aug 2015Sold by developerOff-plan
AED 1,013,650AED 2,114 per sqft

Source: Dubai Land Department. Updated 31 January 2024.

Key facts

Type
Studio apartment
Size
479 sqft
Floor
12th of 19
Parking
P2-96
Developer
Business Tower Investment
Completed
2018
Last sold
AED 840K · January 2024
Building
Majestine Allure

About 1216A, Majestine Allure

1216A is a studio of 479 sqft on the 12th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 31 January 2024 for AED 840,000, or AED 1,752 per sqft, 10% above the AED 1,593 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 February 2022, is AED 38,000 a year: a gross yield of 4.5% on the 2024 price.

Sales and rents for 1216A over time

Sales
Unit 1216A, 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, August 2015: AED 1,013,650 (AED 2,114 per sqft)Sold, January 2024: AED 840,000 (AED 1,752 per sqft)

1216A has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1216A, 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, January 2019: AED 60,000 a yearNew contract, February 2021: AED 38,000 a yearNew contract, February 2022: AED 38,000 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 1216A sits

All 283 studios →

1216A last sold in January 2024 at AED 1,752 per sqft, 10% above what studios in Majestine Allure were fetching at the time (AED 1,593). 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. 1216A's AED 38,000 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 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

1216A, Majestine Allure in numbers

  • Sold twice: first on 25 August 2015 for AED 1,013,650, last on 31 January 2024 for AED 840,000 (AED 1,752 per sqft).
  • Rented since January 2019 on 3 Ejari contracts, from AED 60,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2024 price is 4.5%.
  • 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 31 January 2024.

Questions about 1216A, Majestine Allure

What did unit 1216A last sell for?

AED 840,000 on 31 January 2024: AED 1,752 per sqft for 479 sqft. The unit has 2 registered sales; the first was AED 1,013,650 in August 2015.

What is the rent for unit 1216A?

AED 38,000 a year on the contract signed on 1 February 2022. The previous contract, from February 2021, was AED 38,000; the unit has been rented since January 2019.

How big is unit 1216A?

479 sqft (44.5 sqm): a studio on the 12th floor of a 19-storey tower completed in 2018.

What is unit 1216A 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 1216A, Majestine Allure

Starts from the last sale price (AED 840K, 31 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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