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2-bed · 1,500 sqftMajestine Allure, Business Bay · 5th floor · completed 2018

505, Majestine Allure

Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 2.52M6 August 2014
Current rentAED 133K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Majestine Allure

What is 505 worth today?

Last sold for AED 2,515,600 in 2014

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1 May 2026RentedRenewal
AED 133,000/yr12 months · AED 89 per sqft
1 May 2025RentedNew contract
AED 133,000/yr12 months · AED 89 per sqft
1 May 2025RentedNew contract
AED 133,000/yr12 months · AED 89 per sqft
24 Jul 2023RentedNew contract
AED 140,000/yr12 months · AED 93 per sqft
1 Jul 2022RentedRenewal
AED 96,000/yr12 months · AED 64 per sqft
1 Jul 2021RentedNew contract
AED 96,000/yr12 months · AED 64 per sqft
1 Nov 2019RentedNew contract
AED 120,000/yr12 months · AED 80 per sqft
6 Aug 2014Sold by developerOff-plan
AED 2,515,600AED 1,677 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
2-bed apartment
Size
1,500 sqft
Floor
5th of 19
Parking
P1-10
Developer
Business Tower Investment
Completed
2018
Last sold
AED 2.52M · August 2014
Building
Majestine Allure

About 505, Majestine Allure

505 is a two-bedroom apartment of 1,500 sqft on the 5th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 6 August 2014 for AED 2,515,600, or AED 1,677 per sqft, 16% below the AED 1,993 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 133,000 a year: a gross yield of 5.3% on the 2014 price.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in Majestine Allure
2M20142017202020232026Typical sale price by year: 2014 AED 2,455,275; 2015 AED 2,435,800; 2018 AED 1,922,550; 2021 AED 1,300,000; 2022 AED 1,613,740; 2023 AED 2,125,000; 2024 AED 1,805,500; 2025 AED 1,765,000Sold by developer, August 2014: AED 2,515,600 (AED 1,677 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Majestine Allure
100K150K20192021202320252027Typical rent by year: 2019 AED 100,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 100,000; 2023 AED 121,319; 2024 AED 130,000; 2025 AED 133,000; 2026 AED 122,500New contract, November 2019: AED 120,000 a yearNew contract, July 2021: AED 96,000 a yearRenewal, July 2022: AED 96,000 a yearNew contract, July 2023: AED 140,000 a yearNew contract, May 2025: AED 133,000 a yearNew contract, May 2025: AED 133,000 a yearRenewal, May 2026: AED 133,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Majestine Allure, and where 505 sits

All 45 2-beds →

505 last sold in August 2014 at AED 1,677 per sqft, 16% below what two-beds in Majestine Allure were fetching at the time (AED 1,993). 505's AED 133,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jun 20251,981,400
28 May 20251,530,000
20 May 20251,800,000
22 Jan 20251,730,000
0 2-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 5th floor

All 497 units in Majestine Allure
Value
501StudioAED 935K · Oct 2023
502StudioAED 850K · Jun 2025
503StudioAED 765K · Nov 2023
504StudioAED 793K · Apr 2022
506StudioAED 1.03M · May 2017
5071-bedAED 1.96M · Dec 2014
5081-bedAED 1.63M · Nov 2023
1–7 of 33

505, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 6 August 2014 for AED 2,515,600, or AED 1,677 per sqft.
  • Rented since November 2019 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 96,000 in 2022 and recovered to AED 133,000 by May 2026.
  • At AED 133,000 a year the gross yield on the 2014 price is 5.3%.

Source: Dubai Land Department. Updated 1 May 2026.

Questions about 505, Majestine Allure

What did unit 505 last sell for?

AED 2,515,600 on 6 August 2014, sold by the developer: AED 1,677 per sqft for 1,500 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 133,000 a year on the contract renewed on 1 May 2026. The previous contract, from May 2025, was AED 133,000; the unit has been rented since November 2019.

How big is unit 505?

1,500 sqft (139.4 sqm): a two-bedroom apartment on the 5th floor of a 19-storey tower completed in 2018.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 505, Majestine Allure

Starts from the last sale price (AED 2.52M, 6 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,515,600
Deposit, UAE resident (20%)
AED 503,120
Deposit, non-resident (40%)
AED 1,006,240
Monthly over 25 years at 3.7%
AED 10,292

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