Studio · 478 sqftMajestine Allure, Business Bay · 12th floor · completed 2018

1217A, Majestine Allure

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

Unit 1217A · DLD and Ejari recordsUpdated 3 July 2026
Last soldAED 807K10 October 2024
Current rentAED 53K /yr3 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1217A, Majestine Allure

What is 1217A worth today?

Last sold for AED 807,000 in 2024

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3 Jul 2026RentedNew contract
AED 53,000/yr12 months · AED 112 per sqft
10 Nov 2025RentedNew contract
AED 73,000/yr12 months · AED 154 per sqft
17 Oct 2024RentedNew contract
AED 85,000/yr12 months · AED 178 per sqft
10 Oct 2024SoldReady
AED 807,000AED 1,686 per sqft
5 Oct 2023RentedRenewal
AED 55,000/yr12 months · AED 115 per sqft
5 Oct 2022RentedNew contract
AED 55,000/yr12 months · AED 115 per sqft
26 Sep 2021RentedNew contract
AED 40,000/yr12 months · AED 84 per sqft
15 Sep 2021RentedNew contract
AED 40,000/yr12 months · AED 84 per sqft

Source: Dubai Land Department. Updated 3 July 2026.

Key facts

Type
Studio apartment
Size
478 sqft
Floor
12th of 19
Parking
P2-100
Developer
Business Tower Investment
Completed
2018
Last sold
AED 807K · October 2024

About 1217A, Majestine Allure

1217A is a studio of 478 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 10 October 2024 for AED 807,000, or AED 1,686 per sqft, in line with the AED 1,737 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 10 Ejari contracts. The current contract, signed on 3 July 2026, is AED 53,000 a year: a gross yield of 6.6% on the 2024 price.

Sales and rents for 1217A over time

Sales
Unit 1217A, 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 1,001,000 (AED 2,092 per sqft)Sold, October 2024: AED 807,000 (AED 1,686 per sqft)

1217A has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1217A, each contractTypical studio in Majestine Allure
50K75K201920222025Typical 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, June 2019: AED 50,000 a yearNew contract, December 2019: AED 50,000 a yearNew contract, September 2020: AED 38,000 a yearNew contract, September 2021: AED 40,000 a yearNew contract, September 2021: AED 40,000 a yearNew contract, October 2022: AED 55,000 a yearRenewal, October 2023: AED 55,000 a yearNew contract, October 2024: AED 85,000 a yearNew contract, November 2025: AED 73,000 a yearNew contract, July 2026: AED 53,000 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 1217A sits

All 283 studios →

1217A last sold in October 2024 at AED 1,686 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 1,737). 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. 1217A's AED 53,000 is in the lower 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 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

1217A, Majestine Allure in numbers

  • Sold twice: first on 11 August 2015 for AED 1,001,000, last on 10 October 2024 for AED 807,000 (AED 1,686 per sqft).
  • Rented since June 2019 on 10 Ejari contracts. The rent fell from AED 50,000 to AED 38,000 in 2020 and recovered to AED 53,000 by July 2026.
  • At AED 53,000 a year the gross yield on the 2024 price is 6.6%.
  • 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 3 July 2026.

Questions about 1217A, Majestine Allure

What did unit 1217A last sell for?

AED 807,000 on 10 October 2024: AED 1,686 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 1,001,000 in August 2015.

What is the rent for unit 1217A?

AED 53,000 a year on the contract signed on 3 July 2026. The previous contract, from November 2025, was AED 73,000; the unit has been rented since June 2019.

How big is unit 1217A?

478 sqft (44.4 sqm): a studio on the 12th floor of a 19-storey tower completed in 2018.

What is unit 1217A 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 1217A, Majestine Allure

Starts from the last sale price (AED 807K, 10 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 807,000
Deposit, UAE resident (20%)
AED 161,400
Deposit, non-resident (40%)
AED 322,800
Monthly over 25 years at 3.7%
AED 3,302

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