1601A, Majestine Allure
Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601A, Majestine Allure
What is 1601A worth today?
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Source: Dubai Land Department. Updated 12 April 2023.
Key facts
- Type
- Studio apartment
- Size
- 497 sqft
- Floor
- 16th of 19
- Parking
- P3-35
- Developer
- Business Tower Investment
- Completed
- 2018
- Last sold
- AED 735K · March 2023
- Building
- Majestine Allure
About 1601A, Majestine Allure
1601A is a studio of 497 sqft on the 16th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 27 March 2023 for AED 735,000, or AED 1,479 per sqft, in line with the AED 1,454 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 12 April 2023, is AED 44,000 a year: a gross yield of 6.0% on the 2023 price.
Sales and rents for 1601A over time
1601A has sold 3 times; the dashed line is the studio median of each year in the building.
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 1601A sits
All 283 studios →1601A last sold in March 2023 at AED 1,479 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 1,454). 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. 1601A's AED 44,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 16th floor
All 497 units in Majestine Allure| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | Studio | 499 sqft | AED 650KAED 650,000 · Sep 2022September 2022 | 66,000 /yr | |
| 1602 | Studio | 474 sqft | AED 1.03MAED 1,032,650 · Feb 2015February 2015 | 60,000 /yr | |
| 1603 | Studio | 459 sqft | AED 1MAED 1,000,000 · Aug 2015August 2015 | 70,350 /yr | |
| 1604 | Studio | 572 sqft | AED 1.26MAED 1,259,000 · Nov 2017November 2017 | 70,000 /yr | |
| 1605 | Studio | 489 sqft | AED 800KAED 800,000 · Feb 2022February 2022 | 62,000 /yr | |
| 1606 | 2-bed | 1,357 sqft | AED 2.99MAED 2,991,550 · Aug 2015August 2015 | 115,000 /yr | |
| 1607 | 1-bed | 978 sqft | AED 1.98MAED 1,978,850 · Jan 2015January 2015 | 90,000 /yr | |
| 1608 | 1-bed | 890 sqft | AED 1.55MAED 1,553,310 · Aug 2018August 2018 | 92,000 /yr | |
| 1609 | Studio | 612 sqft | AED 887KAED 887,316 · Apr 2026April 2026 | 70,000 /yr | |
| 1610 | 2-bed | 1,247 sqft | AED 2.46MAED 2,461,450 · Dec 2014December 2014 | 105,000 /yr | |
| 1611 | Studio | 461 sqft | AED 1.01MAED 1,009,850 · Oct 2015October 2015 | 50,000 /yr | |
| 1612 | Studio | 475 sqft | AED 1.05MAED 1,047,850 · Jan 2015January 2015 | 61,000 /yr | |
| 1613 | Studio | 447 sqft | AED 600KAED 600,000 · Nov 2019November 2019 | 63,000 /yr | |
| 1614 | 2-bed | 1,068 sqft | AED 2.16MAED 2,160,300 · Aug 2015August 2015 | 127,000 /yr | |
| 1615 | 3-bed | 1,420 sqft | AED 2.34MAED 2,337,390 · Jul 2018July 2018 | 160,000 /yr | |
| 1616 | Studio | 430 sqft | AED 650KAED 650,000 · Feb 2023February 2023 | 65,000 /yr | |
| 1617 | Studio | 481 sqft | AED 1.02MAED 1,018,400 · Aug 2015August 2015 | ||
| 1618 | Studio | 480 sqft | AED 1.01MAED 1,012,700 · Jan 2015January 2015 | 60,000 /yr | |
| 1619 | Studio | 479 sqft | AED 835KAED 835,000 · Mar 2025March 2025 | 60,000 /yr | |
| 1620 | 1-bed | 897 sqft | AED 1.73MAED 1,730,900 · Jun 2015June 2015 | 85,000 /yr | |
| 1602A | 1-bed | 853 sqft | AED 1.62MAED 1,621,650 · Dec 2014December 2014 | 95,000 /yr | |
| 1603A | Studio | 453 sqft | AED 849KAED 848,680 · Sep 2022September 2022 | ||
| 1603B | 1-bed | 820 sqft | AED 1.43MAED 1,426,880 · Oct 2018October 2018 | 100,000 /yr | |
| 1604A | 1-bed | 1,034 sqft | AED 1.84MAED 1,837,000 · Dec 2018December 2018 | 82,000 /yr | |
| 1605A | 1-bed | 1,003 sqft | AED 1.73MAED 1,732,640 · Jan 2019January 2019 | 70,000 /yr | |
| 1611A | Studio | 461 sqft | AED 1.06MAED 1,058,300 · Apr 2015April 2015 | 60,000 /yr | |
| 1612A | Studio | 457 sqft | AED 900KAED 900,000 · Aug 2024August 2024 | 85,000 /yr | |
| 1613A | 1-bed | 894 sqft | AED 1.72MAED 1,719,000 · Aug 2016August 2016 | 80,000 /yr | |
| 1613B | Studio | 456 sqft | AED 620KAED 620,000 · Jun 2022June 2022 | 38,000 /yr | |
| 1616A | Studio | 479 sqft | AED 1.02MAED 1,018,400 · Sep 2015September 2015 | ||
| 1617A | Studio | 478 sqft | AED 1.01MAED 1,012,700 · Dec 2014December 2014 | 65,000 /yr | |
| 1618A | Studio | 479 sqft | AED 1.02MAED 1,018,400 · Jul 2015July 2015 | 50,000 /yr | |
| 1619A | Studio | 467 sqft | AED 630KAED 630,000 · Apr 2019April 2019 | 65,000 /yr |
1601A, Majestine Allure in numbers
- Sold 3 times: first on 18 December 2014 for AED 1,099,150, last on 27 March 2023 for AED 735,000 (AED 1,479 per sqft).
- Rented since October 2020 on 4 Ejari contracts, from AED 40,000 to AED 44,000 a year.
- At AED 44,000 a year the gross yield on the 2023 price is 6.0%.
- 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 12 April 2023.
Questions about 1601A, Majestine Allure
What did unit 1601A last sell for?
AED 735,000 on 27 March 2023: AED 1,479 per sqft for 497 sqft. The unit has 3 registered sales; the first was AED 1,099,150 in December 2014.
What is the rent for unit 1601A?
AED 44,000 a year on the contract signed on 12 April 2023. The previous contract, from April 2022, was AED 44,000; the unit has been rented since October 2020.
How big is unit 1601A?
497 sqft (46.2 sqm): a studio on the 16th floor of a 19-storey tower completed in 2018.
What is unit 1601A 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 1601A, Majestine Allure
Starts from the last sale price (AED 735K, 27 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 735,000
- Deposit, UAE resident (20%)
- AED 147,000
- Deposit, non-resident (40%)
- AED 294,000
- Monthly over 25 years at 3.7%
- AED 3,007
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →