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3-bed · 1,421 sqftMajestine Allure, Business Bay · 5th floor · completed 2018

515, Majestine Allure

Sold prices and rental history: sold once, by the developer in November 2021, and rented once, from December 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 8 December 2022
Last soldAED 2M17 November 2021
Current rentAED 163K /yr8 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, Majestine Allure

What is 515 worth today?

Last sold for AED 1,998,000 in 2021

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8 Dec 2022RentedNew contract
AED 163,000/yr12 months · AED 115 per sqft
17 Nov 2021Sold by developerReady
AED 1,998,000AED 1,406 per sqft

Source: Dubai Land Department. Updated 8 December 2022.

Key facts

Type
3-bed apartment
Size
1,421 sqft
Floor
5th of 19
Parking
P1-85, P1-90
Developer
Business Tower Investment
Completed
2018
Last sold
AED 2M · November 2021
Building
Majestine Allure

About 515, Majestine Allure

515 is a three-bedroom apartment of 1,421 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 17 November 2021 for AED 1,998,000, or AED 1,406 per sqft.

One Ejari contract is registered, from 8 December 2022. The current contract, signed on 8 December 2022, is AED 163,000 a year: a gross yield of 8.2% on the 2021 price.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical three-bed in Majestine Allure
2M3M20142017202020232026Typical sale price by year: 2014 AED 3,601,950; 2015 AED 2,945,950; 2018 AED 2,349,000; 2022 AED 2,027,000; 2025 AED 2,400,000Sold by developer, November 2021: AED 1,998,000 (AED 1,406 per sqft)

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

Rents
Unit 515, each contractTypical three-bed in Majestine Allure
100K150K20192021202320252027Typical rent by year: 2019 AED 115,000; 2020 AED 101,500; 2021 AED 105,500; 2022 AED 138,000; 2023 AED 155,000; 2024 AED 160,000; 2025 AED 160,000; 2026 AED 150,000New contract, December 2022: AED 163,000 a year

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

3-beds in Majestine Allure, and where 515 sits

All 22 3-beds →

Over the last 12 months three-beds sold for AED 1,850,000 to 2,400,000, around AED 1,496 per sqft, and rent for AED 110,000 to 200,000 a year. 515's AED 163,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
6 Apr 20261,850,000
18 Nov 20252,400,000
15 Aug 20252,060,000
15 Jan 20252,428,000
2 3-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
5052-bedAED 2.52M · Aug 2014
506StudioAED 1.03M · May 2017
5071-bedAED 1.96M · Dec 2014
1–7 of 33

515, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 17 November 2021 for AED 1,998,000, or AED 1,406 per sqft.
  • Rented since December 2022 on one Ejari contract, at AED 163,000 a year.
  • At AED 163,000 a year the gross yield on the 2021 price is 8.2%.
  • Three-beds in Majestine Allure sold for AED 1,850,000–2,400,000 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 8 December 2022.

Questions about 515, Majestine Allure

What did unit 515 last sell for?

AED 1,998,000 on 17 November 2021, sold by the developer: AED 1,406 per sqft for 1,421 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 163,000 a year on the contract signed on 8 December 2022.

How big is unit 515?

1,421 sqft (132.0 sqm): a three-bedroom apartment on the 5th floor of a 19-storey tower completed in 2018.

What is unit 515 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Majestine Allure sold for AED 1,850,000 to 2,400,000 in the last 12 months, around AED 1,496 per sqft.

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Mortgage on 515, Majestine Allure

Starts from the last sale price (AED 2M, 17 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,998,000
Deposit, UAE resident (20%)
AED 399,600
Deposit, non-resident (40%)
AED 799,200
Monthly over 25 years at 3.7%
AED 8,174

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