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Studio · 457 sqftMajestine Allure, Business Bay · 13th floor · completed 2018

1312A, Majestine Allure

Sold prices and rental history: sold once, by the developer in February 2015, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1312A · DLD and Ejari recordsUpdated 27 September 2024
Last soldAED 1.05M4 February 2015
Current rentAED 70K /yr27 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1312A, Majestine Allure

What is 1312A worth today?

Last sold for AED 1,048,800 in 2015

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27 Sep 2024RentedRenewal
AED 70,000/yr12 months · AED 155 per sqft
27 Sep 2023RentedNew contract
AED 70,000/yr12 months · AED 155 per sqft
4 Feb 2015Sold by developerOff-plan
AED 1,048,800AED 2,294 per sqft

Source: Dubai Land Department. Updated 27 September 2024.

Key facts

Type
Studio hotel apartment
Size
457 sqft
Floor
13th of 19
Parking
P2-123
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.05M · February 2015
Building
Majestine Allure

About 1312A, Majestine Allure

1312A is a studio of 457 sqft on the 13th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 4 February 2015 for AED 1,048,800, or AED 2,294 per sqft, 7% above the AED 2,149 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 27 September 2024, is AED 70,000 a year: a gross yield of 6.7% on the 2015 price.

Sales and rents for 1312A over time

Sales
Unit 1312A, 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, February 2015: AED 1,048,800 (AED 2,294 per sqft)

1312A has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1312A, 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, September 2023: AED 70,000 a yearRenewal, September 2024: AED 70,000 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 1312A sits

All 283 studios →

1312A last sold in February 2015 at AED 2,294 per sqft, 7% above what studios in Majestine Allure were fetching at the time (AED 2,149). 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. 1312A's AED 70,000 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 13th floor

All 497 units in Majestine Allure
Value
1301StudioAED 1.1M · Feb 2015
1302StudioAED 650K · Feb 2019
13033-bedAED 3.8M · Jul 2015
1304StudioAED 690K · Apr 2022
13052-bedAED 2.66M · Aug 2014
13062-bedAED 1.89M · Feb 2022
13071-bedAED 1.97M · Feb 2015
1–7 of 28

1312A, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 4 February 2015 for AED 1,048,800, or AED 2,294 per sqft.
  • Rented since September 2023 on 2 Ejari contracts, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2015 price is 6.7%.
  • 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 27 September 2024.

Questions about 1312A, Majestine Allure

What did unit 1312A last sell for?

AED 1,048,800 on 4 February 2015, sold by the developer: AED 2,294 per sqft for 457 sqft. It is the only registered sale of the unit.

What is the rent for unit 1312A?

AED 70,000 a year on the contract renewed on 27 September 2024. The previous contract, from September 2023, was AED 70,000.

How big is unit 1312A?

457 sqft (42.5 sqm): a studio on the 13th floor of a 19-storey tower completed in 2018.

What is unit 1312A 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 1312A, Majestine Allure

Starts from the last sale price (AED 1.05M, 4 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,048,800
Deposit, UAE resident (20%)
AED 209,760
Deposit, non-resident (40%)
AED 419,520
Monthly over 25 years at 3.7%
AED 4,291

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