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Studio · 580 sqftMajestine Allure, Business Bay · 4th floor · completed 2018

422, Majestine Allure

Sold prices and rental history: sold once, by the developer in August 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 422 · DLD and Ejari recordsUpdated 31 July 2024
Last soldAED 1.1M12 August 2018
Current rentAED 65K /yr31 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 422, Majestine Allure

What is 422 worth today?

Last sold for AED 1,098,752 in 2018

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31 Jul 2024RentedRenewal
AED 65,000/yr12 months · AED 112 per sqft
31 Jul 2023RentedNew contract
AED 65,000/yr12 months · AED 112 per sqft
27 Dec 2020RentedNew contract
AED 36,000/yr12 months · AED 62 per sqft
1 Dec 2019RentedNew contract
AED 50,000/yr12 months · AED 86 per sqft
12 Aug 2018Sold by developerOff-plan
AED 1,098,752AED 1,894 per sqft

Source: Dubai Land Department. Updated 31 July 2024.

Key facts

Type
Studio apartment
Size
580 sqft
Floor
4th of 19
Parking
nan
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.1M · August 2018
Building
Majestine Allure

About 422, Majestine Allure

422 is a studio of 580 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 12 August 2018 for AED 1,098,752, or AED 1,894 per sqft, 7% below the AED 2,043 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 31 July 2024, is AED 65,000 a year: a gross yield of 5.9% on the 2018 price.

Sales and rents for 422 over time

Sales
Unit 422, 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, August 2018: AED 1,098,752 (AED 1,894 per sqft)

422 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 422, 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, December 2019: AED 50,000 a yearNew contract, December 2020: AED 36,000 a yearNew contract, July 2023: AED 65,000 a yearRenewal, July 2024: 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 422 sits

All 283 studios →

422 last sold in August 2018 at AED 1,894 per sqft, 7% below what studios in Majestine Allure were fetching at the time (AED 2,043). 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. 422'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 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

422, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 12 August 2018 for AED 1,098,752, or AED 1,894 per sqft.
  • Rented since December 2019 on 4 Ejari contracts. The rent fell from AED 50,000 to AED 36,000 in 2020 and recovered to AED 65,000 by July 2024.
  • At AED 65,000 a year the gross yield on the 2018 price is 5.9%.
  • 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 31 July 2024.

Questions about 422, Majestine Allure

What did unit 422 last sell for?

AED 1,098,752 on 12 August 2018, sold by the developer: AED 1,894 per sqft for 580 sqft. It is the only registered sale of the unit.

What is the rent for unit 422?

AED 65,000 a year on the contract renewed on 31 July 2024. The previous contract, from July 2023, was AED 65,000; the unit has been rented since December 2019.

How big is unit 422?

580 sqft (53.9 sqm): a studio on the 4th floor of a 19-storey tower completed in 2018.

What is unit 422 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 422, Majestine Allure

Starts from the last sale price (AED 1.1M, 12 August 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,098,752
Deposit, UAE resident (20%)
AED 219,750
Deposit, non-resident (40%)
AED 439,501
Monthly over 25 years at 3.7%
AED 4,495

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