1506, Majestine Allure
Sold prices and rental history: sold once, by the developer in April 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Majestine Allure
What is 1506 worth today?
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Source: Dubai Land Department. Updated 19 August 2026.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,352 sqft
- Floor
- 15th of 19
- Parking
- P3-16
- Developer
- Business Tower Investment
- Completed
- 2018
- Last sold
- AED 2.99M · April 2015
- Building
- Majestine Allure
About 1506, Majestine Allure
1506 is a two-bedroom hotel apartment of 1,352 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 14 April 2015 for AED 2,993,450, or AED 2,213 per sqft, 13% above the AED 1,965 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, renewed on 19 August 2026, is AED 135,000 a year: a gross yield of 4.5% on the 2015 price.
Sales and rents for 1506 over time
1506 has sold once; the dashed line is the two-bed median of each year in the building.
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 1506 sits
All 45 2-beds →1506 last sold in April 2015 at AED 2,213 per sqft, 13% above what two-beds in Majestine Allure were fetching at the time (AED 1,965). 1506's AED 135,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jun 202530 June 2025 | 1,491 sqft | 1,981,400 | 1,328 | ||
| 28 May 202528 May 2025 | 1,242 sqft | 1,530,000 | 1,231 | ||
| 20 May 202520 May 2025 | 1,608 sqft | 1,800,000 | 1,119 | ||
| 22 Jan 202522 January 2025 | 1,221 sqft | 1,730,000 | 1,416 |
Majestine Allure
Building497 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%
Other units on the 15th floor
All 497 units in Majestine Allure| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | |
| 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 | |
| 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 |
1506, Majestine Allure in numbers
- Sold once: by Business Tower Investment on 14 April 2015 for AED 2,993,450, or AED 2,213 per sqft.
- Rented since September 2019 on 8 Ejari contracts. The rent fell from AED 107,000 to AED 80,000 in 2025 and recovered to AED 135,000 by August 2026.
- At AED 135,000 a year the gross yield on the 2015 price is 4.5%.
Source: Dubai Land Department. Updated 19 August 2026.
Questions about 1506, Majestine Allure
What did unit 1506 last sell for?
AED 2,993,450 on 14 April 2015, sold by the developer: AED 2,213 per sqft for 1,352 sqft. It is the only registered sale of the unit.
What is the rent for unit 1506?
AED 135,000 a year on the contract renewed on 19 August 2026. The previous contract, from August 2025, was AED 160,000; the unit has been rented since September 2019.
How big is unit 1506?
1,352 sqft (125.6 sqm): a two-bedroom hotel apartment on the 15th floor of a 19-storey tower completed in 2018.
What is unit 1506 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 1506, Majestine Allure
Starts from the last sale price (AED 2.99M, 14 April 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,993,450
- Deposit, UAE resident (20%)
- AED 598,690
- Deposit, non-resident (40%)
- AED 1,197,380
- Monthly over 25 years at 3.7%
- AED 12,247
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →