Studio · 459 sqftMajestine Allure, Business Bay · 15th floor · completed 2018

1503, 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 twice, last in June 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 1503

Unit 1503 · DLD and Ejari recordsUpdated 8 July 2026

Last soldAED 550K16 June 2021

Current rentAED 50K /yr8 July 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 1503

Property timeline for 1503, Majestine Allure

Today

What is 1503 worth today?

Last sold for AED 550,000 in 2021

Unlock today's estimate, updated daily, with

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

8 Jul 2026

8 Jul 2026RentedNew contract

AED 50,000/yr12 months · AED 109 per sqft

3 May 2025

3 May 2025RentedNew contract

AED 64,652/yr12 months · AED 141 per sqft

18 Oct 2024

18 Oct 2024RentedNew contract

AED 65,000/yr12 months · AED 142 per sqft

3 Oct 2023

3 Oct 2023RentedRenewal

AED 58,000/yr12 months · AED 126 per sqft

3 Oct 2022

3 Oct 2022RentedNew contract

AED 55,000/yr12 months · AED 120 per sqft

26 Aug 2021

26 Aug 2021RentedNew contract

AED 38,000/yr12 months · AED 83 per sqft

16 Jun 2021

16 Jun 2021SoldReady

AED 550,000AED 1,197 per sqft

29 Oct 2015

29 Oct 2015Sold by developerOff-plan

AED 1,064,000AED 2,317 per sqft

Source: Dubai Land Department. Updated 8 July 2026.

Key facts

Type: Studio hotel apartment
Size: 459 sqft
Floor: 15th of 19
Parking: P3-11
Developer: Business Tower Investment
Completed: 2018
Last sold: AED 550K · June 2021
Building: Majestine Allure

About 1503, Majestine Allure

1503 is a studio of 459 sqft on the 15th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 16 June 2021 for AED 550,000, or AED 1,197 per sqft, in line with the AED 1,186 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 8 July 2026, is AED 50,000 a year: a gross yield of 9.1% on the 2021 price.

Sales and rents for 1503 over time

Sales

Unit 1503, each saleTypical studio in Majestine Allure

1503 has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 1503, 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 1503 sits

All 283 studios →

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

1503 last sold in June 2021 at AED 1,197 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 1,186). 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. 1503's AED 50,000 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


1501	Studio	125 sqft	AED 1.19MAED 1,188,450 · Jan 2015January 2015	65,000 /yr
1502	2-bed	1,304 sqft	AED 2.48MAED 2,483,300 · Jun 2015June 2015	99,000 /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

1503, Majestine Allure in numbers

Sold twice: first on 29 October 2015 for AED 1,064,000, last on 16 June 2021 for AED 550,000 (AED 1,197 per sqft).
Rented since August 2021 on 6 Ejari contracts, from AED 38,000 to AED 50,000 a year.
At AED 50,000 a year the gross yield on the 2021 price is 9.1%.
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 8 July 2026.

Questions about 1503, Majestine Allure

What did unit 1503 last sell for?

AED 550,000 on 16 June 2021: AED 1,197 per sqft for 459 sqft. The unit has 2 registered sales; the first was AED 1,064,000 in October 2015.

What is the rent for unit 1503?

AED 50,000 a year on the contract signed on 8 July 2026. The previous contract, from May 2025, was AED 64,652; the unit has been rented since August 2021.

How big is unit 1503?

459 sqft (42.6 sqm): a studio on the 15th floor of a 19-storey tower completed in 2018.

What is unit 1503 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 1503? 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 1503, Majestine Allure

Starts from the last sale price (AED 550K, 16 June 2021). Switch to today's estimate once you have unlocked it.

Price: AED 550,000
Deposit, UAE resident (20%): AED 110,000
Deposit, non-resident (40%): AED 220,000
Monthly over 25 years at 3.7%: AED 2,250

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