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2-bed · 1,304 sqftMajestine Allure, Business Bay · 15th floor · completed 2018

1502, Majestine Allure

Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 15 October 2023
Last soldAED 2.48M9 June 2015
Current rentAED 99K /yr15 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1502, Majestine Allure

What is 1502 worth today?

Last sold for AED 2,483,300 in 2015

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15 Oct 2023RentedRenewal
AED 99,000/yr12 months · AED 76 per sqft
15 Oct 2022RentedRenewal
AED 96,000/yr12 months · AED 74 per sqft
15 Oct 2021RentedRenewal
AED 75,000/yr12 months · AED 58 per sqft
15 Oct 2020RentedRenewal
AED 75,000/yr12 months · AED 58 per sqft
15 Oct 2019RentedNew contract
AED 92,000/yr12 months · AED 71 per sqft
9 Jun 2015Sold by developerOff-plan
AED 2,483,300AED 1,904 per sqft

Source: Dubai Land Department. Updated 15 October 2023.

Key facts

Type
2-bed apartment
Size
1,304 sqft
Floor
15th of 19
Parking
P3-10
Developer
Business Tower Investment
Completed
2018
Last sold
AED 2.48M · June 2015
Building
Majestine Allure

About 1502, Majestine Allure

1502 is a two-bedroom apartment of 1,304 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 9 June 2015 for AED 2,483,300, or AED 1,904 per sqft, 3% below the AED 1,965 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 15 October 2023, is AED 99,000 a year: a gross yield of 4.0% on the 2015 price.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical two-bed in Majestine Allure
2M20142017202020232026Typical sale price by year: 2014 AED 2,455,275; 2015 AED 2,435,800; 2018 AED 1,922,550; 2021 AED 1,300,000; 2022 AED 1,613,740; 2023 AED 2,125,000; 2024 AED 1,805,500; 2025 AED 1,765,000Sold by developer, June 2015: AED 2,483,300 (AED 1,904 per sqft)

1502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1502, each contractTypical two-bed in Majestine Allure
100K20192021202320252027Typical rent by year: 2019 AED 100,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 100,000; 2023 AED 121,319; 2024 AED 130,000; 2025 AED 133,000; 2026 AED 122,500New contract, October 2019: AED 92,000 a yearRenewal, October 2020: AED 75,000 a yearRenewal, October 2021: AED 75,000 a yearRenewal, October 2022: AED 96,000 a yearRenewal, October 2023: AED 99,000 a year

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

2-beds in Majestine Allure, and where 1502 sits

All 45 2-beds →

1502 last sold in June 2015 at AED 1,904 per sqft, 3% below what two-beds in Majestine Allure were fetching at the time (AED 1,965). 1502's AED 99,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jun 20251,981,400
28 May 20251,530,000
20 May 20251,800,000
22 Jan 20251,730,000
0 2-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 15th floor

All 497 units in Majestine Allure
Value
1501StudioAED 1.19M · Jan 2015
1503StudioAED 550K · Jun 2021
15042-bedAED 2.86M · Apr 2023
15052-bedAED 1.98M · Jun 2025
15062-bedAED 2.99M · Apr 2015
15071-bedAED 1.29M · Jun 2024
15081-bedAED 1.93M · Aug 2014
1–7 of 28

1502, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 9 June 2015 for AED 2,483,300, or AED 1,904 per sqft.
  • Rented since October 2019 on 5 Ejari contracts. The rent fell from AED 92,000 to AED 75,000 in 2021 and recovered to AED 99,000 by October 2023.
  • At AED 99,000 a year the gross yield on the 2015 price is 4.0%.

Source: Dubai Land Department. Updated 15 October 2023.

Questions about 1502, Majestine Allure

What did unit 1502 last sell for?

AED 2,483,300 on 9 June 2015, sold by the developer: AED 1,904 per sqft for 1,304 sqft. It is the only registered sale of the unit.

What is the rent for unit 1502?

AED 99,000 a year on the contract renewed on 15 October 2023. The previous contract, from October 2022, was AED 96,000; the unit has been rented since October 2019.

How big is unit 1502?

1,304 sqft (121.1 sqm): a two-bedroom apartment on the 15th floor of a 19-storey tower completed in 2018.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1502, Majestine Allure

Starts from the last sale price (AED 2.48M, 9 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,483,300
Deposit, UAE resident (20%)
AED 496,660
Deposit, non-resident (40%)
AED 993,320
Monthly over 25 years at 3.7%
AED 10,160

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