Studio · 125 sqftMajestine Allure, Business Bay · 15th floor · completed 2018

1501, Majestine Allure

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in January 2015, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 1501

Unit 1501 · DLD and Ejari recordsUpdated 1 September 2024

Last soldAED 1.19M7 January 2015

Current rentAED 65K /yr1 September 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 1501

Property timeline for 1501, Majestine Allure

Today

What is 1501 worth today?

Last sold for AED 1,188,450 in 2015

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Sep 2024

1 Sep 2024RentedRenewal

AED 65,000/yr12 months · AED 131 per sqft

1 Sep 2023

1 Sep 2023RentedNew contract

AED 65,000/yr12 months · AED 131 per sqft

27 Jul 2022

27 Jul 2022RentedNew contract

AED 55,000/yr12 months · AED 111 per sqft

14 Jul 2021

14 Jul 2021RentedNew contract

AED 36,000/yr12 months · AED 73 per sqft

7 Jan 2015

7 Jan 2015Sold by developerOff-plan

AED 1,188,450AED 2,383 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type: Studio apartment
Size: 125 sqft
Floor: 15th of 19
Parking: P3-08
Developer: Business Tower Investment
Completed: 2018
Last sold: AED 1.19M · January 2015
Building: Majestine Allure

About 1501, Majestine Allure

1501 is a studio of 125 sqft on the 15th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 7 January 2015 for AED 1,188,450, or AED 2,383 per sqft, 10% above the AED 2,163 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 65,000 a year: a gross yield of 5.5% on the 2015 price.

Sales and rents for 1501 over time

Sales

Unit 1501, each saleTypical studio in Majestine Allure

1501 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1501, each contractTypical studio in Majestine Allure

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 1501 sits

All 283 studios →

Studios in Majestine Allure · last 12 months1,718 /sqft Majestine Allure · all types1,539 /sqft

1501 last sold in January 2015 at AED 2,383 per sqft, 10% above what studios in Majestine Allure were fetching at the time (AED 2,163). 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. 1501's AED 65,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
15 Sep 202615 September 2026	475 sqft	740,000	1,557
20 Aug 202620 August 2026	430 sqft	740,000	1,721
25 Jun 202625 June 2026	493 sqft	750,000	1,521
9 Jun 20269 June 2026	617 sqft	830,000	1,346

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 15th floor

All 497 units in Majestine Allure


1502	2-bed	1,304 sqft	AED 2.48MAED 2,483,300 · Jun 2015June 2015	99,000 /yr
1503	Studio	459 sqft	AED 550KAED 550,000 · Jun 2021June 2021	50,000 /yr
1504	2-bed	1,608 sqft	AED 2.86MAED 2,864,640 · Apr 2023April 2023	130,000 /yr
1505	2-bed	1,491 sqft	AED 1.98MAED 1,981,400 · Jun 2025June 2025	135,000 /yr
1506	2-bed	1,352 sqft	AED 2.99MAED 2,993,450 · Apr 2015April 2015	135,000 /yr
1507	1-bed	978 sqft	AED 1.29MAED 1,285,000 · Jun 2024June 2024	93,000 /yr
1508	1-bed	890 sqft	AED 1.93MAED 1,929,450 · Aug 2014August 2014	100,000 /yr
1509	Studio	607 sqft	AED 1.14MAED 1,141,700 · Nov 2018November 2018	66,000 /yr
1510	2-bed	1,242 sqft	AED 2.47MAED 2,468,100 · Dec 2014December 2014	140,000 /yr
1511	Studio	461 sqft	AED 904KAED 904,000 · Feb 2019February 2019	50,000 /yr
1512	1-bed	925 sqft	AED 2.07MAED 2,065,300 · Aug 2014August 2014	80,000 /yr
1513	Studio	447 sqft	AED 820KAED 820,000 · Nov 2024November 2024	60,000 /yr
1514	2-bed	1,068 sqft	AED 1.5MAED 1,500,000 · Aug 2023August 2023	135,000 /yr
1515	3-bed	1,420 sqft	AED 2.43MAED 2,428,000 · Jan 2025January 2025	150,000 /yr
1516	1-bed	904 sqft	AED 1.67MAED 1,666,000 · Mar 2023March 2023
1517	Studio	481 sqft	AED 820KAED 820,000 · Apr 2026April 2026	59,000 /yr
1518	Studio	480 sqft	AED 1.02MAED 1,016,500 · Jun 2015June 2015	52,000 /yr
1519	Studio	481 sqft	AED 1.01MAED 1,012,700 · Dec 2014December 2014	36,000 /yr
1520	1-bed	897 sqft	AED 1.65MAED 1,654,240 · Jan 2023January 2023	65,000 /yr
1501A	Studio	496 sqft	AED 650KAED 650,000 · May 2022May 2022	63,823 /yr
1503A	Studio	453 sqft	AED 805KAED 805,000 · Feb 2024February 2024	50,000 /yr
1503B	1-bed	820 sqft	AED 1.24MAED 1,237,740 · Feb 2022February 2022	80,000 /yr
1511A	Studio	461 sqft	AED 1.07MAED 1,070,000 · Feb 2015February 2015
1513A	1-bed	894 sqft	AED 1.35MAED 1,350,000 · Mar 2026March 2026	105,000 /yr
1513B	Studio	456 sqft	AED 870KAED 870,000 · Jan 2023January 2023	70,000 /yr
1517A	Studio	478 sqft	AED 1.01MAED 1,010,800 · Oct 2015October 2015	67,000 /yr
1518A	Studio	479 sqft	AED 750KAED 750,000 · Dec 2025December 2025	45,000 /yr
1519A	Studio	466 sqft	AED 1.03MAED 1,026,950 · Apr 2015April 2015	55,000 /yr

1–7 of 28

1501, Majestine Allure in numbers

Sold once: by Business Tower Investment on 7 January 2015 for AED 1,188,450, or AED 2,383 per sqft.
Rented since July 2021 on 4 Ejari contracts, from AED 36,000 to AED 65,000 a year.
At AED 65,000 a year the gross yield on the 2015 price is 5.5%.
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 1 September 2024.

Questions about 1501, Majestine Allure

What did unit 1501 last sell for?

AED 1,188,450 on 7 January 2015, sold by the developer: AED 2,383 per sqft for 125 sqft. It is the only registered sale of the unit.

What is the rent for unit 1501?

AED 65,000 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 65,000; the unit has been rented since July 2021.

How big is unit 1501?

125 sqft (11.6 sqm): a studio on the 15th floor of a 19-storey tower completed in 2018.

What is unit 1501 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.

Selling 1501? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1501, Majestine Allure

Starts from the last sale price (AED 1.19M, 7 January 2015). Switch to today's estimate once you have unlocked it.

Price: AED 1,188,450
Deposit, UAE resident (20%): AED 237,690
Deposit, non-resident (40%): AED 475,380
Monthly over 25 years at 3.7%: AED 4,862

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