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Studio · 430 sqftMajestine Allure, Business Bay · 16th floor · completed 2018

1616, Majestine Allure

Sold prices and rental history: sold twice, last in February 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1616 · DLD and Ejari recordsUpdated 27 May 2025
Last soldAED 650K6 February 2023
Current rentAED 65K /yr27 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1616, Majestine Allure

What is 1616 worth today?

Last sold for AED 650,000 in 2023

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27 May 2025RentedNew contract
AED 65,000/yr12 months · AED 151 per sqft
18 Feb 2024RentedNew contract
AED 73,000/yr12 months · AED 170 per sqft
6 Feb 2023SoldReady
AED 650,000AED 1,512 per sqft
14 Mar 2019RentedNew contract
AED 51,000/yr12 months · AED 118 per sqft
10 Mar 2015Sold by developerOff-plan
AED 925,300AED 2,152 per sqft

Source: Dubai Land Department. Updated 27 May 2025.

Key facts

Type
Studio hotel apartment
Size
430 sqft
Floor
16th of 19
Parking
P3-55
Developer
Business Tower Investment
Completed
2018
Last sold
AED 650K · February 2023
Building
Majestine Allure

About 1616, Majestine Allure

1616 is a studio of 430 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 6 February 2023 for AED 650,000, or AED 1,512 per sqft, 9% above the AED 1,386 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 27 May 2025, is AED 65,000 a year: a gross yield of 10.0% on the 2023 price.

Sales and rents for 1616 over time

Sales
Unit 1616, 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, March 2015: AED 925,300 (AED 2,152 per sqft)Sold, February 2023: AED 650,000 (AED 1,512 per sqft)

1616 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1616, 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 57,000New contract, March 2019: AED 51,000 a yearNew contract, February 2024: AED 73,000 a yearNew contract, May 2025: AED 65,000 a year

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 1616 sits

All 283 studios →

1616 last sold in February 2023 at AED 1,512 per sqft, 9% above what studios in Majestine Allure were fetching at the time (AED 1,386). 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. 1616's AED 65,000 is in the lower half of that range.

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

1616, Majestine Allure in numbers

  • Sold twice: first on 10 March 2015 for AED 925,300, last on 6 February 2023 for AED 650,000 (AED 1,512 per sqft).
  • Rented since March 2019 on 3 Ejari contracts, from AED 51,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2023 price is 10.0%.
  • 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 27 May 2025.

Questions about 1616, Majestine Allure

What did unit 1616 last sell for?

AED 650,000 on 6 February 2023: AED 1,512 per sqft for 430 sqft. The unit has 2 registered sales; the first was AED 925,300 in March 2015.

What is the rent for unit 1616?

AED 65,000 a year on the contract signed on 27 May 2025. The previous contract, from February 2024, was AED 73,000; the unit has been rented since March 2019.

How big is unit 1616?

430 sqft (39.9 sqm): a studio on the 16th floor of a 19-storey tower completed in 2018.

What is unit 1616 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 1616, Majestine Allure

Starts from the last sale price (AED 650K, 6 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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