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Studio · 453 sqftMajestine Allure, Business Bay · 16th floor · completed 2018

1603A, Majestine Allure

Sold prices and rental history: sold once, by the developer in September 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603A · DLD and Ejari recordsUpdated 13 September 2022
Last soldAED 849K13 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603A, Majestine Allure

What is 1603A worth today?

Last sold for AED 848,680 in 2022

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13 Sep 2022Sold by developerReady
AED 848,680AED 1,871 per sqft

Source: Dubai Land Department. Updated 13 September 2022.

Key facts

Type
Studio apartment
Size
453 sqft
Floor
16th of 19
Parking
P3-39
Developer
Business Tower Investment
Completed
2018
Last sold
AED 849K · September 2022
Building
Majestine Allure

About 1603A, Majestine Allure

1603A is a studio of 453 sqft on the 16th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 13 September 2022 for AED 848,680, or AED 1,871 per sqft, 38% above the AED 1,353 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1603A over time

Sales
Unit 1603A, 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, September 2022: AED 848,680 (AED 1,871 per sqft)

1603A has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1603A, 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 57,000

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 1603A sits

All 283 studios →

1603A last sold in September 2022 at AED 1,871 per sqft, 38% above what studios in Majestine Allure were fetching at the time (AED 1,353). 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.

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 16th floor

All 497 units in Majestine Allure
Value
1601StudioAED 650K · Sep 2022
1602StudioAED 1.03M · Feb 2015
1603StudioAED 1M · Aug 2015
1604StudioAED 1.26M · Nov 2017
1605StudioAED 800K · Feb 2022
16062-bedAED 2.99M · Aug 2015
16071-bedAED 1.98M · Jan 2015
1–7 of 33

1603A, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 13 September 2022 for AED 848,680, or AED 1,871 per sqft.
  • 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 13 September 2022.

Questions about 1603A, Majestine Allure

What did unit 1603A last sell for?

AED 848,680 on 13 September 2022, sold by the developer: AED 1,871 per sqft for 453 sqft. It is the only registered sale of the unit.

How big is unit 1603A?

453 sqft (42.1 sqm): a studio on the 16th floor of a 19-storey tower completed in 2018.

What is unit 1603A 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 1603A, Majestine Allure

Starts from the last sale price (AED 849K, 13 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 848,680
Deposit, UAE resident (20%)
AED 169,736
Deposit, non-resident (40%)
AED 339,472
Monthly over 25 years at 3.7%
AED 3,472

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