1-bed · 853 sqftMajestine Allure, Business Bay · 8th floor · completed 2018

802A, Majestine Allure

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

Unit 802A · DLD and Ejari recordsUpdated 7 September 2024
Last soldAED 1.6M9 December 2014
Current rentAED 90K /yr7 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 802A, Majestine Allure

What is 802A worth today?

Last sold for AED 1,604,550 in 2014

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7 Sep 2024RentedNew contract
AED 90,000/yr12 months · AED 106 per sqft
4 Jul 2023RentedNew contract
AED 82,000/yr12 months · AED 96 per sqft
27 Mar 2022RentedNew contract
AED 65,000/yr12 months · AED 76 per sqft
6 Feb 2021RentedNew contract
AED 55,000/yr12 months · AED 65 per sqft
15 Sep 2019RentedNew contract
AED 65,000/yr12 months · AED 76 per sqft
9 Dec 2014Sold by developerOff-plan
AED 1,604,550AED 1,880 per sqft

Source: Dubai Land Department. Updated 7 September 2024.

Key facts

Type
1-bed hotel apartment
Size
853 sqft
Floor
8th of 19
Parking
P1-106
Developer
Business Tower Investment
Completed
2018
Last sold
AED 1.6M · December 2014

About 802A, Majestine Allure

802A is a one-bedroom hotel apartment of 853 sqft on the 8th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 9 December 2014 for AED 1,604,550, or AED 1,880 per sqft, in line with the AED 1,904 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 7 September 2024, is AED 90,000 a year: a gross yield of 5.6% on the 2014 price.

Sales and rents for 802A over time

Sales
Unit 802A, 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, December 2014: AED 1,604,550 (AED 1,880 per sqft)

802A has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 802A, 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 65,000 a yearNew contract, February 2021: AED 55,000 a yearNew contract, March 2022: AED 65,000 a yearNew contract, July 2023: AED 82,000 a yearNew contract, September 2024: AED 90,000 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 802A sits

All 147 1-beds →

802A last sold in December 2014 at AED 1,880 per sqft, in line with what one-beds in Majestine Allure were fetching at the time (AED 1,904). 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. 802A's AED 90,000 is in the lower half 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 8th floor

All 497 units in Majestine Allure
Value
801StudioAED 640K · Sep 2022
802StudioAED 690K · Nov 2022
803StudioAED 765K · Mar 2023
8042-bedAED 2.96M · Aug 2023
805StudioAED 740K · Nov 2025
806StudioAED 820K · Dec 2023
8071-bedAED 1.77M · Aug 2014
1–7 of 32

802A, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 9 December 2014 for AED 1,604,550, or AED 1,880 per sqft.
  • Rented since September 2019 on 5 Ejari contracts. The rent fell from AED 65,000 to AED 55,000 in 2021 and recovered to AED 90,000 by September 2024.
  • At AED 90,000 a year the gross yield on the 2014 price is 5.6%.
  • 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 7 September 2024.

Questions about 802A, Majestine Allure

What did unit 802A last sell for?

AED 1,604,550 on 9 December 2014, sold by the developer: AED 1,880 per sqft for 853 sqft. It is the only registered sale of the unit.

What is the rent for unit 802A?

AED 90,000 a year on the contract signed on 7 September 2024. The previous contract, from July 2023, was AED 82,000; the unit has been rented since September 2019.

How big is unit 802A?

853 sqft (79.2 sqm): a one-bedroom hotel apartment on the 8th floor of a 19-storey tower completed in 2018.

What is unit 802A 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 802A, Majestine Allure

Starts from the last sale price (AED 1.6M, 9 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,604,550
Deposit, UAE resident (20%)
AED 320,910
Deposit, non-resident (40%)
AED 641,820
Monthly over 25 years at 3.7%
AED 6,565

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