1516, Majestine Allure
Sold prices and rental history: sold once, by the developer in March 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1516, Majestine Allure
What is 1516 worth today?
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Source: Dubai Land Department. Updated 30 March 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 904 sqft
- Floor
- 15th of 19
- Parking
- P3-26
- Developer
- Business Tower Investment
- Completed
- 2018
- Last sold
- AED 1.67M · March 2023
- Building
- Majestine Allure
About 1516, Majestine Allure
1516 is a one-bedroom apartment of 904 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 30 March 2023 for AED 1,666,000, or AED 1,843 per sqft, in line with the AED 1,827 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1516 over time
1516 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Majestine Allure, and where 1516 sits
All 147 1-beds →1516 last sold in March 2023 at AED 1,843 per sqft, in line with what one-beds in Majestine Allure were fetching at the time (AED 1,827). Over the last 12 months one-beds sold for AED 1,250,000 to 1,433,816, around AED 1,426 per sqft, and rent for AED 70,000 to 120,000 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Aug 202618 August 2026 | 1,006 sqft | 1,250,000 | 1,243 | ||
| 20 Jul 202620 July 2026 | 956 sqft | 1,282,931 | 1,342 | ||
| 23 Apr 202623 April 2026 | 1,034 sqft | 1,433,816 | 1,387 | ||
| 6 Apr 20266 April 2026 | 944 sqft | 1,305,000 | 1,381 |
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 | |
| 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 | |
| 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 |
1516, Majestine Allure in numbers
- Sold once: by Business Tower Investment on 30 March 2023 for AED 1,666,000, or AED 1,843 per sqft.
- One-beds in Majestine Allure sold for AED 1,250,000–1,433,816 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 30 March 2023.
Questions about 1516, Majestine Allure
What did unit 1516 last sell for?
AED 1,666,000 on 30 March 2023, sold by the developer: AED 1,843 per sqft for 904 sqft. It is the only registered sale of the unit.
How big is unit 1516?
904 sqft (84.0 sqm): a one-bedroom apartment on the 15th floor of a 19-storey tower completed in 2018.
What is unit 1516 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Majestine Allure sold for AED 1,250,000 to 1,433,816 in the last 12 months, around AED 1,426 per sqft.
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Mortgage on 1516, Majestine Allure
Starts from the last sale price (AED 1.67M, 30 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,666,000
- Deposit, UAE resident (20%)
- AED 333,200
- Deposit, non-resident (40%)
- AED 666,400
- Monthly over 25 years at 3.7%
- AED 6,816
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →