408, Majestine Allure
Sold prices and rental history: sold once, by the developer in October 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Majestine Allure
What is 408 worth today?
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Source: Dubai Land Department. Updated 15 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 716 sqft
- Floor
- 4th of 19
- Parking
- nan
- Developer
- Business Tower Investment
- Completed
- 2018
- Last sold
- AED 1.03M · October 2021
- Building
- Majestine Allure
About 408, Majestine Allure
408 is a studio of 716 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 26 October 2021 for AED 1,027,000, or AED 1,434 per sqft, 10% above the AED 1,302 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, renewed on 15 April 2026, is AED 60,000 a year: a gross yield of 5.8% on the 2021 price.
Sales and rents for 408 over time
408 has sold once; the dashed line is the studio median of each year in the building.
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 408 sits
All 283 studios →408 last sold in October 2021 at AED 1,434 per sqft, 10% above what studios in Majestine Allure were fetching at the time (AED 1,302). 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. 408's AED 60,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Sep 202615 September 2026 | 475 sqft | 740,000 | 1,557 | ||
| 20 Aug 202620 August 2026 | 430 sqft | 740,000 | 1,721 | ||
| 25 Jun 202625 June 2026 | 493 sqft | 750,000 | 1,521 | ||
| 9 Jun 20269 June 2026 | 617 sqft | 830,000 | 1,346 |
Majestine Allure
Building497 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%
Other units on the 4th floor
All 497 units in Majestine Allure| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 744 sqft | AED 1.3MAED 1,303,000 · Jan 2019January 2019 | 73,500 /yr | |
| 402 | Studio | 807 sqft | AED 1.09MAED 1,091,821 · May 2025May 2025 | ||
| 403 | Studio | 643 sqft | AED 1.21MAED 1,206,000 · Oct 2019October 2019 | 55,000 /yr | |
| 404 | Studio | 486 sqft | AED 784KAED 784,000 · Apr 2022April 2022 | 57,000 /yr | |
| 405 | Studio | 469 sqft | AED 925KAED 925,000 · Nov 2018November 2018 | ||
| 406 | 1-bed | 972 sqft | AED 1.72MAED 1,716,000 · Jun 2019June 2019 | 65,000 /yr | |
| 407 | 1-bed | 956 sqft | AED 1.28MAED 1,282,931 · Jul 2026July 2026 | 108,000 /yr | |
| 409 | 2-bed | 1,221 sqft | AED 1.73MAED 1,730,000 · Jan 2025January 2025 | 112,000 /yr | |
| 410 | Studio | 229 sqft | AED 937KAED 936,600 · Jul 2018July 2018 | 65,000 /yr | |
| 411 | Studio | 458 sqft | AED 1MAED 1,002,250 · Oct 2015October 2015 | 55,000 /yr | |
| 412 | Studio | 473 sqft | AED 1.04MAED 1,042,150 · Oct 2015October 2015 | 68,000 /yr | |
| 413 | Studio | 455 sqft | AED 1MAED 1,000,350 · Aug 2015August 2015 | 66,000 /yr | |
| 414 | Studio | 444 sqft | AED 979KAED 979,450 · Oct 2015October 2015 | 70,189 /yr | |
| 415 | 1-bed | 1,360 sqft | AED 2.16MAED 2,164,000 · Sep 2023September 2023 | 105,000 /yr | |
| 416 | Studio | 921 sqft | AED 1.39MAED 1,393,000 · Jan 2023January 2023 | 65,000 /yr | |
| 417 | Studio | 901 sqft | AED 1.4MAED 1,396,500 · Sep 2023September 2023 | 70,000 /yr | |
| 419 | 1-bed | 968 sqft | AED 1.79MAED 1,791,000 · Sep 2023September 2023 | 80,000 /yr | |
| 420 | Studio | 580 sqft | AED 1.06MAED 1,062,000 · Dec 2018December 2018 | ||
| 421 | Studio | 580 sqft | AED 1.04MAED 1,035,000 · Jan 2023January 2023 | 75,000 /yr | |
| 422 | Studio | 580 sqft | AED 1.1MAED 1,098,752 · Aug 2018August 2018 | 65,000 /yr | |
| 423 | Studio | 575 sqft | AED 1.21MAED 1,206,500 · Sep 2015September 2015 | 60,000 /yr | |
| 424 | 1-bed | 957 sqft | AED 1.72MAED 1,715,980 · Jun 2023June 2023 | ||
| 402A | Studio | 899 sqft | AED 1.18MAED 1,176,838 · Oct 2025October 2025 | 85,000 /yr | |
| 403A | 1-bed | 1,027 sqft | AED 1.91MAED 1,912,000 · Jul 2019July 2019 | ||
| 404A | 1-bed | 992 sqft | AED 1.85MAED 1,854,000 · Jul 2019July 2019 | ||
| 405A | 1-bed | 879 sqft | AED 1.62MAED 1,622,250 · Jun 2018June 2018 | 115,000 /yr | |
| 420A | Studio | 580 sqft | AED 1.19MAED 1,186,000 · Mar 2017March 2017 | 59,834 /yr | |
| 421A | Studio | 580 sqft | AED 1.04MAED 1,040,760 · Dec 2018December 2018 | 70,000 /yr |
408, Majestine Allure in numbers
- Sold once: by Business Tower Investment on 26 October 2021 for AED 1,027,000, or AED 1,434 per sqft.
- Rented since April 2022 on 6 Ejari contracts, from AED 55,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2021 price is 5.8%.
- 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 15 April 2026.
Questions about 408, Majestine Allure
What did unit 408 last sell for?
AED 1,027,000 on 26 October 2021, sold by the developer: AED 1,434 per sqft for 716 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 60,000 a year on the contract renewed on 15 April 2026. The previous contract, from April 2025, was AED 60,000; the unit has been rented since April 2022.
How big is unit 408?
716 sqft (66.5 sqm): a studio on the 4th floor of a 19-storey tower completed in 2018.
What is unit 408 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.
Selling 408? Put it on the OpenOffers board
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Mortgage on 408, Majestine Allure
Starts from the last sale price (AED 1.03M, 26 October 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,027,000
- Deposit, UAE resident (20%)
- AED 205,400
- Deposit, non-resident (40%)
- AED 410,800
- Monthly over 25 years at 3.7%
- AED 4,202
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →