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1-bed · 897 sqftMajestine Allure, Business Bay · 15th floor · completed 2018

1520, Majestine Allure

Sold prices and rental history: sold once, by the developer in January 2023, and rented once, from November 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1520 · DLD and Ejari recordsUpdated 9 January 2023
Last soldAED 1.65M9 January 2023
Current rentAED 65K /yr1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1520, Majestine Allure

What is 1520 worth today?

Last sold for AED 1,654,240 in 2023

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9 Jan 2023Sold by developerReady
AED 1,654,240AED 1,844 per sqft
1 Nov 2020RentedNew contract
AED 65,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 9 January 2023.

Key facts

Type
1-bed apartment
Size
897 sqft
Floor
15th of 19
Parking
P3-33
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.65M · January 2023
Building
Majestine Allure

About 1520, Majestine Allure

1520 is a one-bedroom apartment of 897 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 January 2023 for AED 1,654,240, or AED 1,844 per sqft, 11% above the AED 1,658 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2020. The current contract, signed on 1 November 2020, is AED 65,000 a year: a gross yield of 3.9% on the 2023 price.

Sales and rents for 1520 over time

Sales
Unit 1520, each saleTypical one-bed in Majestine Allure
1M1.5M2014201820222026Typical sale price by year: 2014 AED 1,779,350; 2015 AED 1,730,900; 2016 AED 1,719,000; 2017 AED 1,517,000; 2018 AED 1,552,655; 2019 AED 1,677,000; 2020 AED 1,040,000; 2021 AED 912,500; 2022 AED 1,336,500; 2023 AED 1,656,120; 2024 AED 1,320,000; 2025 AED 1,262,500; 2026 AED 1,327,500Sold by developer, January 2023: AED 1,654,240 (AED 1,844 per sqft)

1520 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1520, each contractTypical one-bed in Majestine Allure
60K80K100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 61,500; 2021 AED 64,000; 2022 AED 75,000; 2023 AED 87,000; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 90,000New contract, November 2020: AED 65,000 a year

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 1520 sits

All 147 1-beds →

1520 last sold in January 2023 at AED 1,844 per sqft, 11% above what one-beds in Majestine Allure were fetching at the time (AED 1,658). 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. 1520's AED 65,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Aug 20261,250,000
20 Jul 20261,282,931
23 Apr 20261,433,816
6 Apr 20261,305,000
10 1-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
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

1520, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 9 January 2023 for AED 1,654,240, or AED 1,844 per sqft.
  • Rented since November 2020 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2023 price is 3.9%.
  • 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 9 January 2023.

Questions about 1520, Majestine Allure

What did unit 1520 last sell for?

AED 1,654,240 on 9 January 2023, sold by the developer: AED 1,844 per sqft for 897 sqft. It is the only registered sale of the unit.

What is the rent for unit 1520?

AED 65,000 a year on the contract signed on 1 November 2020.

How big is unit 1520?

897 sqft (83.3 sqm): a one-bedroom apartment on the 15th floor of a 19-storey tower completed in 2018.

What is unit 1520 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 1520, Majestine Allure

Starts from the last sale price (AED 1.65M, 9 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,654,240
Deposit, UAE resident (20%)
AED 330,848
Deposit, non-resident (40%)
AED 661,696
Monthly over 25 years at 3.7%
AED 6,768

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