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3-bed · 1,420 sqftMajestine Allure, Business Bay · 9th floor · completed 2018

915, Majestine Allure

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

Unit 915 · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 2.95M27 September 2015
Current rentAED 160K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 915, Majestine Allure

What is 915 worth today?

Last sold for AED 2,945,950 in 2015

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1 Aug 2023RentedNew contract
AED 160,000/yr12 months · AED 113 per sqft
17 Oct 2021RentedRenewal
AED 95,000/yr12 months · AED 67 per sqft
17 Oct 2020RentedRenewal
AED 85,000/yr12 months · AED 60 per sqft
17 Oct 2019RentedNew contract
AED 110,000/yr12 months · AED 77 per sqft
27 Sep 2015Sold by developerOff-plan
AED 2,945,950AED 2,074 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
3-bed hotel apartment
Size
1,420 sqft
Floor
9th of 19
Parking
P1-96, P1-101
Developer
Business Tower Investment
Completed
2018
Last sold
AED 2.95M · September 2015
Building
Majestine Allure

About 915, Majestine Allure

915 is a three-bedroom hotel apartment of 1,420 sqft on the 9th floor of Majestine Allure, a 19-storey tower in Business Bay completed in 2018 by Business Tower Investment. The developer sold it on 27 September 2015 for AED 2,945,950, or AED 2,074 per sqft, in line with the AED 2,068 three-beds 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 August 2023, is AED 160,000 a year: a gross yield of 5.4% on the 2015 price.

Sales and rents for 915 over time

Sales
Unit 915, 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, September 2015: AED 2,945,950 (AED 2,074 per sqft)

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

Rents
Unit 915, 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, October 2019: AED 110,000 a yearRenewal, October 2020: AED 85,000 a yearRenewal, October 2021: AED 95,000 a yearNew contract, August 2023: AED 160,000 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 915 sits

All 22 3-beds →

915 last sold in September 2015 at AED 2,074 per sqft, in line with what three-beds in Majestine Allure were fetching at the time (AED 2,068). 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. 915's AED 160,000 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 9th floor

All 497 units in Majestine Allure
Value
901StudioAED 1.18M · Dec 2014
902StudioAED 951K · Oct 2015
903StudioAED 1.02M · Jun 2015
904StudioAED 1.11M · Jul 2025
905StudioAED 1.07M · Jul 2017
906StudioAED 1.03M · May 2017
9071-bedAED 1.98M · Mar 2015
1–7 of 34

915, Majestine Allure in numbers

  • Sold once: by Business Tower Investment on 27 September 2015 for AED 2,945,950, or AED 2,074 per sqft.
  • Rented since October 2019 on 4 Ejari contracts. The rent fell from AED 110,000 to AED 85,000 in 2020 and recovered to AED 160,000 by August 2023.
  • At AED 160,000 a year the gross yield on the 2015 price is 5.4%.
  • 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 1 August 2023.

Questions about 915, Majestine Allure

What did unit 915 last sell for?

AED 2,945,950 on 27 September 2015, sold by the developer: AED 2,074 per sqft for 1,420 sqft. It is the only registered sale of the unit.

What is the rent for unit 915?

AED 160,000 a year on the contract signed on 1 August 2023. The previous contract, from October 2021, was AED 95,000; the unit has been rented since October 2019.

How big is unit 915?

1,420 sqft (131.9 sqm): a three-bedroom hotel apartment on the 9th floor of a 19-storey tower completed in 2018.

What is unit 915 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 915, Majestine Allure

Starts from the last sale price (AED 2.95M, 27 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,945,950
Deposit, UAE resident (20%)
AED 589,190
Deposit, non-resident (40%)
AED 1,178,380
Monthly over 25 years at 3.7%
AED 12,053

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