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1-bed · 896 sqftMajestine Allure, Business Bay · 5th floor · completed 2018

520, Majestine Allure

Sold prices and rental history: sold once, by the developer in August 2015, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 520 · DLD and Ejari recordsUpdated 4 January 2021
Last soldAED 1.71M12 August 2015
Current rentAED 70K /yr4 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 520, Majestine Allure

What is 520 worth today?

Last sold for AED 1,711,900 in 2015

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4 Jan 2021RentedNew contract
AED 70,000/yr12 months · AED 78 per sqft
20 Sep 2019RentedNew contract
AED 70,000/yr12 months · AED 78 per sqft
12 Aug 2015Sold by developerOff-plan
AED 1,711,900AED 1,910 per sqft

Source: Dubai Land Department. Updated 4 January 2021.

Key facts

Type
1-bed hotel apartment
Size
896 sqft
Floor
5th of 19
Parking
P1-30
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.71M · August 2015
Building
Majestine Allure

About 520, Majestine Allure

520 is a one-bedroom hotel apartment of 896 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 12 August 2015 for AED 1,711,900, or AED 1,910 per sqft, in line with the AED 1,929 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 4 January 2021, is AED 70,000 a year: a gross yield of 4.1% on the 2015 price.

Sales and rents for 520 over time

Sales
Unit 520, each saleTypical one-bed in Majestine Allure
1M1.5M2014201820222026Typical sale price by year: 2014 AED 1,779,350; 2015 AED 1,730,900; 2016 AED 1,719,000; 2017 AED 1,517,000; 2018 AED 1,552,655; 2019 AED 1,677,000; 2020 AED 1,040,000; 2021 AED 912,500; 2022 AED 1,336,500; 2023 AED 1,656,120; 2024 AED 1,320,000; 2025 AED 1,262,500; 2026 AED 1,327,500Sold by developer, August 2015: AED 1,711,900 (AED 1,910 per sqft)

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

Rents
Unit 520, each contractTypical one-bed in Majestine Allure
60K80K100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 61,500; 2021 AED 64,000; 2022 AED 75,000; 2023 AED 87,000; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 90,000New contract, September 2019: AED 70,000 a yearNew contract, January 2021: AED 70,000 a year

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

1-beds in Majestine Allure, and where 520 sits

All 147 1-beds →

520 last sold in August 2015 at AED 1,910 per sqft, in line with what one-beds in Majestine Allure were fetching at the time (AED 1,929). Over the last 12 months one-beds sold for AED 1,250,000 to 1,433,816, around AED 1,426 per sqft, and rent for AED 70,000 to 120,000 a year. 520's AED 70,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
18 Aug 20261,250,000
20 Jul 20261,282,931
23 Apr 20261,433,816
6 Apr 20261,305,000
10 1-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

520, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 12 August 2015 for AED 1,711,900, or AED 1,910 per sqft.
  • Rented since September 2019 on 2 Ejari contracts, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2015 price is 4.1%.
  • One-beds in Majestine Allure sold for AED 1,250,000–1,433,816 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 4 January 2021.

Questions about 520, Majestine Allure

What did unit 520 last sell for?

AED 1,711,900 on 12 August 2015, sold by the developer: AED 1,910 per sqft for 896 sqft. It is the only registered sale of the unit.

What is the rent for unit 520?

AED 70,000 a year on the contract signed on 4 January 2021. The previous contract, from September 2019, was AED 70,000.

How big is unit 520?

896 sqft (83.2 sqm): a one-bedroom hotel apartment on the 5th floor of a 19-storey tower completed in 2018.

What is unit 520 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Majestine Allure sold for AED 1,250,000 to 1,433,816 in the last 12 months, around AED 1,426 per sqft.

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Mortgage on 520, Majestine Allure

Starts from the last sale price (AED 1.71M, 12 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,711,900
Deposit, UAE resident (20%)
AED 342,380
Deposit, non-resident (40%)
AED 684,760
Monthly over 25 years at 3.7%
AED 7,004

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