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3-bed · 1,420 sqftMajestine Allure, Business Bay · 13th floor · completed 2018

1315, Majestine Allure

Sold prices and rental history: sold once, by the developer in June 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1315 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 2.95M9 June 2015
Current rentAED 160K /yr15 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1315, Majestine Allure

What is 1315 worth today?

Last sold for AED 2,945,950 in 2015

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15 Aug 2024RentedNew contract
AED 160,000/yr12 months · AED 113 per sqft
5 Jun 2023RentedNew contract
AED 155,000/yr12 months · AED 109 per sqft
4 Jun 2022RentedNew contract
AED 140,000/yr12 months · AED 99 per sqft
9 Jun 2015Sold by developerOff-plan
AED 2,945,950AED 2,074 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
3-bed apartment
Size
1,420 sqft
Floor
13th of 19
Parking
P2-107, P2-111
Developer
Business Tower Investment
Completed
2018
Last sold
AED 2.95M · June 2015
Building
Majestine Allure

About 1315, Majestine Allure

1315 is a three-bedroom apartment of 1,420 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 9 June 2015 for AED 2,945,950, or AED 2,074 per sqft, in line with the AED 2,045 three-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 15 August 2024, is AED 160,000 a year: a gross yield of 5.4% on the 2015 price.

Sales and rents for 1315 over time

Sales
Unit 1315, each saleTypical three-bed in Majestine Allure
2M3M20142017202020232026Typical 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, June 2015: AED 2,945,950 (AED 2,074 per sqft)

1315 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1315, 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, June 2022: AED 140,000 a yearNew contract, June 2023: AED 155,000 a yearNew contract, August 2024: AED 160,000 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 1315 sits

All 22 3-beds →

1315 last sold in June 2015 at AED 2,074 per sqft, in line with what three-beds in Majestine Allure were fetching at the time (AED 2,045). 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. 1315's AED 160,000 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

1315, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 9 June 2015 for AED 2,945,950, or AED 2,074 per sqft.
  • Rented since June 2022 on 3 Ejari contracts, from AED 140,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2015 price is 5.4%.
  • 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 15 August 2024.

Questions about 1315, Majestine Allure

What did unit 1315 last sell for?

AED 2,945,950 on 9 June 2015, sold by the developer: AED 2,074 per sqft for 1,420 sqft. It is the only registered sale of the unit.

What is the rent for unit 1315?

AED 160,000 a year on the contract signed on 15 August 2024. The previous contract, from June 2023, was AED 155,000; the unit has been rented since June 2022.

How big is unit 1315?

1,420 sqft (131.9 sqm): a three-bedroom apartment on the 13th floor of a 19-storey tower completed in 2018.

What is unit 1315 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 1315, Majestine Allure

Starts from the last sale price (AED 2.95M, 9 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,945,950
Deposit, UAE resident (20%)
AED 589,190
Deposit, non-resident (40%)
AED 1,178,380
Monthly over 25 years at 3.7%
AED 12,053

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