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1-bed · 820 sqftMajestine Allure, Business Bay · 16th floor · completed 2018

1603B, Majestine Allure

Sold prices and rental history: sold once, by the developer in October 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603B · DLD and Ejari recordsUpdated 2 October 2025
Last soldAED 1.43M15 October 2018
Current rentAED 100K /yr2 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603B, Majestine Allure

What is 1603B worth today?

Last sold for AED 1,426,880 in 2018

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2 Oct 2025RentedNew contract
AED 100,000/yr12 months · AED 122 per sqft
31 Aug 2024RentedNew contract
AED 100,000/yr12 months · AED 122 per sqft
26 Apr 2023RentedNew contract
AED 100,000/yr12 months · AED 122 per sqft
15 Oct 2018Sold by developerReady
AED 1,426,880AED 1,739 per sqft

Source: Dubai Land Department. Updated 2 October 2025.

Key facts

Type
1-bed apartment
Size
820 sqft
Floor
16th of 19
Parking
P3-40
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.43M · October 2018
Building
Majestine Allure

About 1603B, Majestine Allure

1603B is a one-bedroom apartment of 820 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 15 October 2018 for AED 1,426,880, or AED 1,739 per sqft, in line with the AED 1,744 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 2 October 2025, is AED 100,000 a year: a gross yield of 7.0% on the 2018 price.

Sales and rents for 1603B over time

Sales
Unit 1603B, 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, October 2018: AED 1,426,880 (AED 1,739 per sqft)

1603B has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1603B, 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, April 2023: AED 100,000 a yearNew contract, August 2024: AED 100,000 a yearNew contract, October 2025: AED 100,000 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 1603B sits

All 147 1-beds →

1603B last sold in October 2018 at AED 1,739 per sqft, in line with what one-beds in Majestine Allure were fetching at the time (AED 1,744). 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. 1603B's AED 100,000 is in the upper half 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 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

1603B, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 15 October 2018 for AED 1,426,880, or AED 1,739 per sqft.
  • Rented since April 2023 on 3 Ejari contracts, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2018 price is 7.0%.
  • 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 2 October 2025.

Questions about 1603B, Majestine Allure

What did unit 1603B last sell for?

AED 1,426,880 on 15 October 2018, sold by the developer: AED 1,739 per sqft for 820 sqft. It is the only registered sale of the unit.

What is the rent for unit 1603B?

AED 100,000 a year on the contract signed on 2 October 2025. The previous contract, from August 2024, was AED 100,000; the unit has been rented since April 2023.

How big is unit 1603B?

820 sqft (76.2 sqm): a one-bedroom apartment on the 16th floor of a 19-storey tower completed in 2018.

What is unit 1603B 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 1603B, Majestine Allure

Starts from the last sale price (AED 1.43M, 15 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,426,880
Deposit, UAE resident (20%)
AED 285,376
Deposit, non-resident (40%)
AED 570,752
Monthly over 25 years at 3.7%
AED 5,838

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