3-bed · 1,796 sqftMajestine Allure, Business Bay · 13th floor · completed 2018

1313, Majestine Allure

Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1313 · DLD and Ejari recordsUpdated 5 January 2024
Last soldAED 3.76M6 August 2014
Current rentAED 165K /yr5 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1313, Majestine Allure

What is 1313 worth today?

Last sold for AED 3,760,100 in 2014

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5 Jan 2024RentedNew contract
AED 165,000/yr12 months · AED 92 per sqft
29 Dec 2022RentedRenewal
AED 165,000/yr12 months · AED 92 per sqft
29 Dec 2021RentedRenewal
AED 108,000/yr12 months · AED 60 per sqft
29 Nov 2020RentedNew contract
AED 108,000/yr13 months · AED 60 per sqft
13 Sep 2019RentedNew contract
AED 125,000/yr12 months · AED 70 per sqft
6 Aug 2014Sold by developerOff-plan
AED 3,760,100AED 2,094 per sqft

Source: Dubai Land Department. Updated 5 January 2024.

Key facts

Type
3-bed apartment
Size
1,796 sqft
Floor
13th of 19
Parking
P2-106, P2-110
Developer
Business Tower Investment
Completed
2018
Last sold
AED 3.76M · August 2014

About 1313, Majestine Allure

1313 is a three-bedroom apartment of 1,796 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 6 August 2014 for AED 3,760,100, or AED 2,094 per sqft.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 5 January 2024, is AED 165,000 a year: a gross yield of 4.4% on the 2014 price.

Sales and rents for 1313 over time

Sales
Unit 1313, each saleTypical three-bed in Majestine Allure
2M3M4M20142017202020232026Typical sale price by year: 2014 AED 3,601,950; 2015 AED 2,945,950; 2018 AED 2,349,000; 2022 AED 2,027,000; 2025 AED 2,400,000Sold by developer, August 2014: AED 3,760,100 (AED 2,094 per sqft)

1313 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1313, each contractTypical three-bed in Majestine Allure
100K150K20192021202320252027Typical rent by year: 2019 AED 115,000; 2020 AED 101,500; 2021 AED 105,500; 2022 AED 138,000; 2023 AED 155,000; 2024 AED 160,000; 2025 AED 160,000; 2026 AED 150,000New contract, September 2019: AED 125,000 a yearNew contract, November 2020: AED 108,000 a yearRenewal, December 2021: AED 108,000 a yearRenewal, December 2022: AED 165,000 a yearNew contract, January 2024: AED 165,000 a year

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

3-beds in Majestine Allure, and where 1313 sits

All 22 3-beds →

Over the last 12 months three-beds sold for AED 1,850,000 to 2,400,000, around AED 1,496 per sqft, and rent for AED 110,000 to 200,000 a year. 1313's AED 165,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
6 Apr 20261,850,000
18 Nov 20252,400,000
15 Aug 20252,060,000
15 Jan 20252,428,000
2 3-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 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

1313, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 6 August 2014 for AED 3,760,100, or AED 2,094 per sqft.
  • Rented since September 2019 on 5 Ejari contracts. The rent fell from AED 125,000 to AED 108,000 in 2021 and recovered to AED 165,000 by January 2024.
  • At AED 165,000 a year the gross yield on the 2014 price is 4.4%.
  • Three-beds in Majestine Allure sold for AED 1,850,000–2,400,000 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 5 January 2024.

Questions about 1313, Majestine Allure

What did unit 1313 last sell for?

AED 3,760,100 on 6 August 2014, sold by the developer: AED 2,094 per sqft for 1,796 sqft. It is the only registered sale of the unit.

What is the rent for unit 1313?

AED 165,000 a year on the contract signed on 5 January 2024. The previous contract, from December 2022, was AED 165,000; the unit has been rented since September 2019.

How big is unit 1313?

1,796 sqft (166.9 sqm): a three-bedroom apartment on the 13th floor of a 19-storey tower completed in 2018.

What is unit 1313 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Majestine Allure sold for AED 1,850,000 to 2,400,000 in the last 12 months, around AED 1,496 per sqft.

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Mortgage on 1313, Majestine Allure

Starts from the last sale price (AED 3.76M, 6 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,760,100
Deposit, UAE resident (20%)
AED 752,020
Deposit, non-resident (40%)
AED 1,504,040
Monthly over 25 years at 3.7%
AED 15,384

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