Studio · 472 sqftMajestine Allure, Business Bay · 6th floor · completed 2018

606, Majestine Allure

Sold prices and rental history: sold 3 times, last in July 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 606 · DLD and Ejari recordsUpdated 10 July 2024
Last soldAED 960K10 July 2024
Current rentAED 72K /yr1 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 606, Majestine Allure

What is 606 worth today?

Last sold for AED 960,000 in 2024

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10 Jul 2024SoldReady
AED 960,000AED 2,033 per sqft
6 Mar 2023SoldReady
AED 720,000AED 1,525 per sqft
1 Oct 2022RentedNew contract
AED 72,000/yr12 months · AED 152 per sqft
30 Dec 2021RentedNew contract
AED 40,000/yr12 months · AED 84 per sqft
27 Sep 2020RentedNew contract
AED 38,000/yr12 months · AED 80 per sqft
5 May 2019RentedNew contract
AED 45,000/yr12 months · AED 95 per sqft
9 Mar 2017Sold by developerOff-plan
AED 1,026,000AED 2,173 per sqft

Source: Dubai Land Department. Updated 10 July 2024.

Key facts

Type
Studio apartment
Size
472 sqft
Floor
6th of 19
Parking
nan
Developer
Business Tower Investment
Completed
2018
Last sold
AED 960K · July 2024

About 606, Majestine Allure

606 is a studio of 472 sqft on the 6th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. It last sold on 10 July 2024 for AED 960,000, or AED 2,033 per sqft, 18% above the AED 1,722 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 1 October 2022, is AED 72,000 a year: a gross yield of 7.5% on the 2024 price.

Sales and rents for 606 over time

Sales
Unit 606, 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, March 2017: AED 1,026,000 (AED 2,173 per sqft)Sold, March 2023: AED 720,000 (AED 1,525 per sqft)Sold, July 2024: AED 960,000 (AED 2,033 per sqft)

606 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 606, 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, May 2019: AED 45,000 a yearNew contract, September 2020: AED 38,000 a yearNew contract, December 2021: AED 40,000 a yearNew contract, October 2022: AED 72,000 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 606 sits

All 283 studios →

606 last sold in July 2024 at AED 2,033 per sqft, 18% above what studios in Majestine Allure were fetching at the time (AED 1,722). 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. 606's AED 72,000 is in the upper 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 6th floor

All 497 units in Majestine Allure
Value
601StudioAED 1.09M · Jul 2015
602StudioAED 814K · Feb 2026
603StudioAED 870K · Feb 2024
604StudioAED 640K · May 2022
605StudioAED 840K · Feb 2025
6071-bedAED 1.96M · Nov 2014
6081-bedAED 1.53M · Nov 2018
1–7 of 34

606, Majestine Allure in numbers

  • Sold 3 times: first on 9 March 2017 for AED 1,026,000, last on 10 July 2024 for AED 960,000 (AED 2,033 per sqft).
  • Rented since May 2019 on 4 Ejari contracts. The rent fell from AED 45,000 to AED 38,000 in 2020 and recovered to AED 72,000 by October 2022.
  • At AED 72,000 a year the gross yield on the 2024 price is 7.5%.
  • 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 10 July 2024.

Questions about 606, Majestine Allure

What did unit 606 last sell for?

AED 960,000 on 10 July 2024: AED 2,033 per sqft for 472 sqft. The unit has 3 registered sales; the first was AED 1,026,000 in March 2017.

What is the rent for unit 606?

AED 72,000 a year on the contract signed on 1 October 2022. The previous contract, from December 2021, was AED 40,000; the unit has been rented since May 2019.

How big is unit 606?

472 sqft (43.9 sqm): a studio on the 6th floor of a 19-storey tower completed in 2018.

What is unit 606 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 606, Majestine Allure

Starts from the last sale price (AED 960K, 10 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 960,000
Deposit, UAE resident (20%)
AED 192,000
Deposit, non-resident (40%)
AED 384,000
Monthly over 25 years at 3.7%
AED 3,928

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