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1-bed · 972 sqftMajestine Allure, Business Bay · 4th floor · completed 2018

406, Majestine Allure

Sold prices and rental history: sold once, by the developer in June 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 3 May 2022
Last soldAED 1.72M17 June 2019
Current rentAED 65K /yr3 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, Majestine Allure

What is 406 worth today?

Last sold for AED 1,716,000 in 2019

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3 May 2022RentedRenewal
AED 65,000/yr12 months · AED 67 per sqft
3 May 2021RentedNew contract
AED 65,000/yr12 months · AED 67 per sqft
17 Jun 2019Sold by developerReady
AED 1,716,000AED 1,765 per sqft

Source: Dubai Land Department. Updated 3 May 2022.

Key facts

Type
1-bed apartment
Size
972 sqft
Floor
4th of 19
Parking
G-11
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.72M · June 2019
Building
Majestine Allure

About 406, Majestine Allure

406 is a one-bedroom apartment of 972 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 17 June 2019 for AED 1,716,000, or AED 1,765 per sqft, in line with the AED 1,752 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 3 May 2022, is AED 65,000 a year: a gross yield of 3.8% on the 2019 price.

Sales and rents for 406 over time

Sales
Unit 406, 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 2019: AED 1,716,000 (AED 1,765 per sqft)

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

Rents
Unit 406, 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, May 2021: AED 65,000 a yearRenewal, May 2022: AED 65,000 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 406 sits

All 147 1-beds →

406 last sold in June 2019 at AED 1,765 per sqft, in line with what one-beds in Majestine Allure were fetching at the time (AED 1,752). 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. 406's AED 65,000 is at the bottom 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
4071-bedAED 1.28M · Jul 2026
408StudioAED 1.03M · Oct 2021
1–7 of 28

406, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 17 June 2019 for AED 1,716,000, or AED 1,765 per sqft.
  • Rented since May 2021 on 2 Ejari contracts, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2019 price is 3.8%.
  • 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 May 2022.

Questions about 406, Majestine Allure

What did unit 406 last sell for?

AED 1,716,000 on 17 June 2019, sold by the developer: AED 1,765 per sqft for 972 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 65,000 a year on the contract renewed on 3 May 2022. The previous contract, from May 2021, was AED 65,000.

How big is unit 406?

972 sqft (90.3 sqm): a one-bedroom apartment on the 4th floor of a 19-storey tower completed in 2018.

What is unit 406 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 406, Majestine Allure

Starts from the last sale price (AED 1.72M, 17 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,716,000
Deposit, UAE resident (20%)
AED 343,200
Deposit, non-resident (40%)
AED 686,400
Monthly over 25 years at 3.7%
AED 7,021

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