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2-bed · 1,068 sqftMajestine Allure, Business Bay · 6th floor · completed 2018

614, Majestine Allure

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

Unit 614 · DLD and Ejari recordsUpdated 29 February 2024
Last soldAED 1.42M27 February 2024
Current rentAED 52K /yr29 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 614, Majestine Allure

What is 614 worth today?

Last sold for AED 1,420,000 in 2024

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29 Feb 2024RentedNew contract
AED 52,000/yr12 months · AED 49 per sqft
27 Feb 2024SoldReady
AED 1,420,000AED 1,329 per sqft
25 Mar 2023RentedNew contract
AED 120,000/yr12 months · AED 113 per sqft
1 Jul 2019RentedNew contract
AED 108,000/yr12 months · AED 101 per sqft
6 Aug 2014Sold by developerOff-plan
AED 2,537,450AED 2,375 per sqft

Source: Dubai Land Department. Updated 29 February 2024.

Key facts

Type
2-bed apartment
Size
1,068 sqft
Floor
6th of 19
Parking
P1-52
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.42M · February 2024
Building
Majestine Allure

About 614, Majestine Allure

614 is a two-bedroom apartment of 1,068 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 27 February 2024 for AED 1,420,000, or AED 1,329 per sqft, 6% below the AED 1,408 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 29 February 2024, is AED 52,000 a year: a gross yield of 3.7% on the 2024 price.

Sales and rents for 614 over time

Sales
Unit 614, 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 2,537,450 (AED 2,375 per sqft)Sold, February 2024: AED 1,420,000 (AED 1,329 per sqft)

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

Rents
Unit 614, each contractTypical two-bed in Majestine Allure
50K100K20192021202320252027Typical 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, July 2019: AED 108,000 a yearNew contract, March 2023: AED 120,000 a yearNew contract, February 2024: AED 52,000 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 614 sits

All 45 2-beds →

614 last sold in February 2024 at AED 1,329 per sqft, 6% below what two-beds in Majestine Allure were fetching at the time (AED 1,408). 614's AED 52,000 is at the bottom 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 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
606StudioAED 960K · Jul 2024
6071-bedAED 1.96M · Nov 2014
1–7 of 34

614, Majestine Allure in numbers

  • Sold twice: first on 6 August 2014 for AED 2,537,450, last on 27 February 2024 for AED 1,420,000 (AED 1,329 per sqft).
  • Rented since July 2019 on 3 Ejari contracts, from AED 108,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2024 price is 3.7%.

Source: Dubai Land Department. Updated 29 February 2024.

Questions about 614, Majestine Allure

What did unit 614 last sell for?

AED 1,420,000 on 27 February 2024: AED 1,329 per sqft for 1,068 sqft. The unit has 2 registered sales; the first was AED 2,537,450 in August 2014.

What is the rent for unit 614?

AED 52,000 a year on the contract signed on 29 February 2024. The previous contract, from March 2023, was AED 120,000; the unit has been rented since July 2019.

How big is unit 614?

1,068 sqft (99.2 sqm): a two-bedroom apartment on the 6th floor of a 19-storey tower completed in 2018.

What is unit 614 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 614, Majestine Allure

Starts from the last sale price (AED 1.42M, 27 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,420,000
Deposit, UAE resident (20%)
AED 284,000
Deposit, non-resident (40%)
AED 568,000
Monthly over 25 years at 3.7%
AED 5,810

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