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1-bed · 879 sqftMajestine Allure, Business Bay · 4th floor · completed 2018

405A, Majestine Allure

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

Unit 405A · DLD and Ejari recordsUpdated 20 September 2023
Last soldAED 1.62M24 June 2018
Current rentAED 115K /yr20 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405A, Majestine Allure

What is 405A worth today?

Last sold for AED 1,622,250 in 2018

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20 Sep 2023RentedNew contract
AED 115,000/yr12 months · AED 130 per sqft
24 Jun 2018Sold by developerOff-plan
AED 1,622,250AED 1,844 per sqft

Source: Dubai Land Department. Updated 20 September 2023.

Key facts

Type
1-bed hotel apartment
Size
879 sqft
Floor
4th of 19
Parking
G-10
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.62M · June 2018
Building
Majestine Allure

About 405A, Majestine Allure

405A is a one-bedroom hotel apartment of 879 sqft on the 4th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 24 June 2018 for AED 1,622,250, or AED 1,844 per sqft, 5% above the AED 1,748 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 September 2023. The current contract, signed on 20 September 2023, is AED 115,000 a year: a gross yield of 7.1% on the 2018 price.

Sales and rents for 405A over time

Sales
Unit 405A, 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, June 2018: AED 1,622,250 (AED 1,844 per sqft)

405A has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 405A, each contractTypical one-bed in Majestine Allure
75K100K20192021202320252027Typical 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, September 2023: AED 115,000 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 405A sits

All 147 1-beds →

405A last sold in June 2018 at AED 1,844 per sqft, 5% above what one-beds in Majestine Allure were fetching at the time (AED 1,748). 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. 405A's AED 115,000 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 4th floor

All 497 units in Majestine Allure
Value
401StudioAED 1.3M · Jan 2019
402StudioAED 1.09M · May 2025
403StudioAED 1.21M · Oct 2019
404StudioAED 784K · Apr 2022
405StudioAED 925K · Nov 2018
4061-bedAED 1.72M · Jun 2019
4071-bedAED 1.28M · Jul 2026
1–7 of 28

405A, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 24 June 2018 for AED 1,622,250, or AED 1,844 per sqft.
  • Rented since September 2023 on one Ejari contract, at AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2018 price is 7.1%.
  • 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 20 September 2023.

Questions about 405A, Majestine Allure

What did unit 405A last sell for?

AED 1,622,250 on 24 June 2018, sold by the developer: AED 1,844 per sqft for 879 sqft. It is the only registered sale of the unit.

What is the rent for unit 405A?

AED 115,000 a year on the contract signed on 20 September 2023.

How big is unit 405A?

879 sqft (81.7 sqm): a one-bedroom hotel apartment on the 4th floor of a 19-storey tower completed in 2018.

What is unit 405A 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 405A, Majestine Allure

Starts from the last sale price (AED 1.62M, 24 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,622,250
Deposit, UAE resident (20%)
AED 324,450
Deposit, non-resident (40%)
AED 648,900
Monthly over 25 years at 3.7%
AED 6,637

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