1-bed · 1,003 sqftMajestine Allure, Business Bay · 16th floor · completed 2018

1605A, Majestine Allure

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

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

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Unit 1605A · DLD and Ejari recordsUpdated 3 August 2022

Last soldAED 1.73M13 January 2019

Current rentAED 70K /yr3 August 2022

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1605A, Majestine Allure

Today

What is 1605A worth today?

Last sold for AED 1,732,640 in 2019

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3 Aug 2022

3 Aug 2022RentedRenewal

AED 70,000/yr12 months · AED 70 per sqft

3 Aug 2021

3 Aug 2021RentedNew contract

AED 65,000/yr12 months · AED 65 per sqft

1 Jul 2020

1 Jul 2020RentedNew contract

AED 65,000/yr12 months · AED 65 per sqft

23 May 2019

23 May 2019RentedNew contract

AED 75,000/yr12 months · AED 75 per sqft

13 Jan 2019

13 Jan 2019Sold by developerReady

AED 1,732,640AED 1,727 per sqft

Source: Dubai Land Department. Updated 3 August 2022.

Key facts

Type: 1-bed apartment
Size: 1,003 sqft
Floor: 16th of 19
Parking: P3-42
Developer: Business Tower Investment
Completed: 2018
Last sold: AED 1.73M · January 2019
Building: Majestine Allure

About 1605A, Majestine Allure

1605A is a one-bedroom apartment of 1,003 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 January 2019 for AED 1,732,640, or AED 1,727 per sqft, in line with the AED 1,741 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 3 August 2022, is AED 70,000 a year: a gross yield of 4.0% on the 2019 price.

Sales and rents for 1605A over time

Sales

Unit 1605A, each saleTypical one-bed in Majestine Allure

1605A has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1605A, each contractTypical one-bed in Majestine Allure

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 1605A sits

All 147 1-beds →

1-beds in Majestine Allure · last 12 months1,426 /sqft Majestine Allure · all types1,539 /sqft

1605A last sold in January 2019 at AED 1,727 per sqft, in line with what one-beds in Majestine Allure were fetching at the time (AED 1,741). 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. 1605A's AED 70,000 is at the bottom of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
18 Aug 202618 August 2026	1,006 sqft	1,250,000	1,243
20 Jul 202620 July 2026	956 sqft	1,282,931	1,342
23 Apr 202623 April 2026	1,034 sqft	1,433,816	1,387
6 Apr 20266 April 2026	944 sqft	1,305,000	1,381

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


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
1601A	Studio	497 sqft	AED 735KAED 735,000 · Mar 2023March 2023	44,000 /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
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

1–7 of 33

1605A, Majestine Allure in numbers

Sold once: by Business Tower Investment on 13 January 2019 for AED 1,732,640, or AED 1,727 per sqft.
Rented since May 2019 on 4 Ejari contracts, from AED 75,000 to AED 70,000 a year.
At AED 70,000 a year the gross yield on the 2019 price is 4.0%.
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 3 August 2022.

Questions about 1605A, Majestine Allure

What did unit 1605A last sell for?

AED 1,732,640 on 13 January 2019, sold by the developer: AED 1,727 per sqft for 1,003 sqft. It is the only registered sale of the unit.

What is the rent for unit 1605A?

AED 70,000 a year on the contract renewed on 3 August 2022. The previous contract, from August 2021, was AED 65,000; the unit has been rented since May 2019.

How big is unit 1605A?

1,003 sqft (93.2 sqm): a one-bedroom apartment on the 16th floor of a 19-storey tower completed in 2018.

What is unit 1605A 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 1605A, Majestine Allure

Starts from the last sale price (AED 1.73M, 13 January 2019). Switch to today's estimate once you have unlocked it.

Price: AED 1,732,640
Deposit, UAE resident (20%): AED 346,528
Deposit, non-resident (40%): AED 693,056
Monthly over 25 years at 3.7%: AED 7,089

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