Studio · 474 sqftMajestine Allure, Business Bay · 5th floor · completed 2018

502, Majestine Allure

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold twice, last in June 2025, and rented once, from March 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 502 · DLD and Ejari recordsUpdated 19 June 2025

Last soldAED 850K19 June 2025

Current rentAED 62K /yr25 March 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 502, Majestine Allure

Today

What is 502 worth today?

Last sold for AED 850,000 in 2025

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19 Jun 2025

19 Jun 2025SoldReady

AED 850,000AED 1,791 per sqft

25 Mar 2023

25 Mar 2023RentedNew contract

AED 62,000/yr12 months · AED 131 per sqft

29 Oct 2015

29 Oct 2015Sold by developerOff-plan

AED 990,850AED 2,088 per sqft

Source: Dubai Land Department. Updated 19 June 2025.

Key facts

Type: Studio hotel apartment
Size: 474 sqft
Floor: 5th of 19
Parking: P1-04
Developer: Business Tower Investment
Completed: 2018
Last sold: AED 850K · June 2025
Building: Majestine Allure

About 502, Majestine Allure

502 is a studio of 474 sqft on the 5th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 19 June 2025 for AED 850,000, or AED 1,791 per sqft, in line with the AED 1,751 studios in the building were fetching at the time.

One Ejari contract is registered, from 25 March 2023. The current contract, signed on 25 March 2023, is AED 62,000 a year: a gross yield of 7.3% on the 2025 price.

Sales and rents for 502 over time

Sales

Unit 502, each saleTypical studio in Majestine Allure

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

Rents

Unit 502, each contractTypical studio in Majestine Allure

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 502 sits

All 283 studios →

Studios in Majestine Allure · last 12 months1,718 /sqft Majestine Allure · all types1,539 /sqft

502 last sold in June 2025 at AED 1,791 per sqft, in line with what studios in Majestine Allure were fetching at the time (AED 1,751). 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. 502's AED 62,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

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 5th floor

All 497 units in Majestine Allure


501	Studio	499 sqft	AED 935KAED 934,920 · Oct 2023October 2023
503	Studio	459 sqft	AED 765KAED 765,000 · Nov 2023November 2023	70,000 /yr
504	Studio	572 sqft	AED 793KAED 793,380 · Apr 2022April 2022	96,000 /yr
505	2-bed	1,500 sqft	AED 2.52MAED 2,515,600 · Aug 2014August 2014	133,000 /yr
506	Studio	472 sqft	AED 1.03MAED 1,026,000 · May 2017May 2017	65,000 /yr
507	1-bed	978 sqft	AED 1.96MAED 1,962,700 · Dec 2014December 2014	110,000 /yr
508	1-bed	890 sqft	AED 1.63MAED 1,633,000 · Nov 2023November 2023	95,000 /yr
509	Studio	617 sqft	AED 1.26MAED 1,260,000 · Sep 2015September 2015	67,000 /yr
510	2-bed	1,242 sqft	AED 2.56MAED 2,558,000 · Oct 2015October 2015	137,000 /yr
511	Studio	461 sqft	AED 1MAED 1,000,350 · Sep 2015September 2015	60,000 /yr
512	Studio	475 sqft	AED 1.04MAED 1,042,150 · Dec 2017December 2017	65,000 /yr
513	Studio	447 sqft	AED 800KAED 800,000 · Dec 2025December 2025	51,000 /yr
514	2-bed	1,068 sqft	AED 2.14MAED 2,137,500 · Oct 2015October 2015	105,000 /yr
515	3-bed	1,421 sqft	AED 2MAED 1,998,000 · Nov 2021November 2021	163,000 /yr
516	Studio	430 sqft	AED 770KAED 770,000 · Apr 2024April 2024
517	Studio	481 sqft	AED 730KAED 730,000 · Jul 2023July 2023	50,000 /yr
518	Studio	480 sqft	AED 610KAED 610,000 · Oct 2019October 2019	65,763 /yr
519	Studio	481 sqft	AED 835KAED 835,000 · Mar 2024March 2024	41,400 /yr
520	1-bed	896 sqft	AED 1.71MAED 1,711,900 · Aug 2015August 2015	70,000 /yr
501A	Studio	497 sqft	AED 785KAED 785,000 · Jan 2024January 2024	55,000 /yr
502A	1-bed	853 sqft	AED 1.6MAED 1,604,550 · Dec 2014December 2014	110,000 /yr
503A	Studio	453 sqft	AED 992KAED 991,800 · Oct 2015October 2015	48,000 /yr
503B	1-bed	820 sqft	AED 1.59MAED 1,593,000 · Jul 2016July 2016	120,000 /yr
504A	1-bed	1,034 sqft	AED 1.93MAED 1,927,000 · Jul 2019July 2019	80,000 /yr
506a	1-bed	886 sqft	AED 1.58MAED 1,580,712 · May 2018May 2018	105,000 /yr
511A	Studio	461 sqft	AED 528KAED 528,000 · Mar 2022March 2022	65,000 /yr
512A	Studio	457 sqft	AED 1.04MAED 1,044,050 · Dec 2014December 2014	65,000 /yr
513A	1-bed	894 sqft	AED 1.56MAED 1,556,000 · Jul 2018July 2018	77,143 /yr
513B	Studio	456 sqft	AED 490KAED 490,000 · Mar 2021March 2021	60,000 /yr
516A	Studio	480 sqft	AED 555KAED 555,000 · Apr 2022April 2022	50,000 /yr
517A	Studio	478 sqft	AED 1MAED 1,000,350 · Sep 2015September 2015	60,500 /yr
518A	Studio	479 sqft	AED 1MAED 1,002,250 · Dec 2014December 2014	50,000 /yr
519A	Studio	467 sqft	AED 988KAED 988,000 · Aug 2015August 2015	40,000 /yr

1–7 of 33

502, Majestine Allure in numbers

Sold twice: first on 29 October 2015 for AED 990,850, last on 19 June 2025 for AED 850,000 (AED 1,791 per sqft).
Rented since March 2023 on one Ejari contract, at AED 62,000 a year.
At AED 62,000 a year the gross yield on the 2025 price is 7.3%.
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 19 June 2025.

Questions about 502, Majestine Allure

What did unit 502 last sell for?

AED 850,000 on 19 June 2025: AED 1,791 per sqft for 474 sqft. The unit has 2 registered sales; the first was AED 990,850 in October 2015.

What is the rent for unit 502?

AED 62,000 a year on the contract signed on 25 March 2023.

How big is unit 502?

474 sqft (44.0 sqm): a studio on the 5th floor of a 19-storey tower completed in 2018.

What is unit 502 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 502, Majestine Allure

Starts from the last sale price (AED 850K, 19 June 2025). Switch to today's estimate once you have unlocked it.

Price: AED 850,000
Deposit, UAE resident (20%): AED 170,000
Deposit, non-resident (40%): AED 340,000
Monthly over 25 years at 3.7%: AED 3,478

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