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Studio · 481 sqftMajestine Allure, Business Bay · 15th floor · completed 2018

1519, Majestine Allure

Sold prices and rental history: sold once, by the developer in December 2014, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1519 · DLD and Ejari recordsUpdated 19 October 2020
Last soldAED 1.01M3 December 2014
Current rentAED 36K /yr19 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1519, Majestine Allure

What is 1519 worth today?

Last sold for AED 1,012,700 in 2014

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19 Oct 2020RentedNew contract
AED 36,000/yr12 months · AED 74 per sqft
26 Mar 2019RentedNew contract
AED 60,000/yr12 months · AED 124 per sqft
3 Dec 2014Sold by developerOff-plan
AED 1,012,700AED 2,104 per sqft

Source: Dubai Land Department. Updated 19 October 2020.

Key facts

Type
Studio hotel apartment
Size
481 sqft
Floor
15th of 19
Parking
P3-31
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.01M · December 2014
Building
Majestine Allure

About 1519, Majestine Allure

1519 is a studio of 481 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 3 December 2014 for AED 1,012,700, or AED 2,104 per sqft, in line with the AED 2,139 studios in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 19 October 2020, is AED 36,000 a year: a gross yield of 3.5% on the 2014 price.

Sales and rents for 1519 over time

Sales
Unit 1519, each saleTypical studio in Majestine Allure
500K1M2014201820222026Typical sale price by year: 2014 AED 1,012,700; 2015 AED 1,008,900; 2016 AED 1,021,725; 2017 AED 1,051,475; 2018 AED 975,051; 2019 AED 931,000; 2020 AED 490,000; 2021 AED 630,000; 2022 AED 650,000; 2023 AED 770,000; 2024 AED 820,000; 2025 AED 830,000; 2026 AED 825,000Sold by developer, December 2014: AED 1,012,700 (AED 2,104 per sqft)

1519 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1519, each contractTypical studio in Majestine Allure
40K60K20192021202320252027Typical rent by year: 2019 AED 50,000; 2020 AED 40,000; 2021 AED 40,000; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 65,000; 2025 AED 65,000; 2026 AED 57,000New contract, March 2019: AED 60,000 a yearNew contract, October 2020: AED 36,000 a year

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 1519 sits

All 283 studios →

1519 last sold in December 2014 at AED 2,104 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 2,139). 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. 1519's AED 36,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
15 Sep 2026740,000
20 Aug 2026740,000
25 Jun 2026750,000
9 Jun 2026830,000
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
Value
1501StudioAED 1.19M · Jan 2015
15022-bedAED 2.48M · Jun 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
1–7 of 28

1519, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 3 December 2014 for AED 1,012,700, or AED 2,104 per sqft.
  • Rented since March 2019 on 2 Ejari contracts, from AED 60,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2014 price is 3.5%.
  • 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 19 October 2020.

Questions about 1519, Majestine Allure

What did unit 1519 last sell for?

AED 1,012,700 on 3 December 2014, sold by the developer: AED 2,104 per sqft for 481 sqft. It is the only registered sale of the unit.

What is the rent for unit 1519?

AED 36,000 a year on the contract signed on 19 October 2020. The previous contract, from March 2019, was AED 60,000.

How big is unit 1519?

481 sqft (44.7 sqm): a studio on the 15th floor of a 19-storey tower completed in 2018.

What is unit 1519 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.

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Mortgage on 1519, Majestine Allure

Starts from the last sale price (AED 1.01M, 3 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,012,700
Deposit, UAE resident (20%)
AED 202,540
Deposit, non-resident (40%)
AED 405,080
Monthly over 25 years at 3.7%
AED 4,143

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