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1-bed · 929 sqftAl Majara Tower 1, Dubai Marina · 10th floor · completed 2006

1005, Al Majara Tower 1

Sold prices and rental history: sold twice, last in April 2008, and rented once, from May 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 24 May 2015
Last soldAED 1.23M17 April 2008
Current rentAED 130K /yr24 May 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1005, Al Majara Tower 1

What is 1005 worth today?

Last sold for AED 1,231,250 in 2008

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24 May 2015RentedNew contract
AED 130,000/yr12 months · AED 140 per sqft
17 Apr 2008Sold by developerReady
AED 1,231,250AED 1,325 per sqft
17 Apr 2008SoldReady
AED 1,450,000AED 1,560 per sqft

Source: Dubai Land Department. Updated 24 May 2015.

Key facts

Type
1-bed apartment
Size
929 sqft
Floor
10th of 28
Parking
57
Developer
Emaar
Completed
2006
Service charge
AED 14,000 /yr
Last sold
AED 1.23M · April 2008
Building
Al Majara Tower 1

About 1005, Al Majara Tower 1

1005 is a one-bedroom apartment of 929 sqft on the 10th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 17 April 2008 for AED 1,231,250, or AED 1,325 per sqft, 49% above the AED 891 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 May 2015. The current contract, signed on 24 May 2015, is AED 130,000 a year: a gross yield of 10.6% on the 2008 price, before the service charge of about AED 14,000 a year.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical one-bed in Al Majara Tower 1
1M2M2008201320182023Typical sale price by year: 2008 AED 757,368; 2009 AED 474,000; 2010 AED 650,500; 2011 AED 734,750; 2012 AED 875,000; 2013 AED 1,175,000; 2014 AED 1,537,500; 2015 AED 1,200,000; 2016 AED 1,275,000; 2017 AED 1,500,000; 2018 AED 1,450,000; 2020 AED 800,000; 2021 AED 956,500; 2022 AED 1,262,500; 2023 AED 1,500,000; 2024 AED 1,567,500; 2025 AED 1,857,500; 2026 AED 1,900,000Sold by developer, April 2008: AED 1,231,250 (AED 1,325 per sqft)Sold, April 2008: AED 1,450,000 (AED 1,560 per sqft)

1005 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1005, each contractTypical one-bed in Al Majara Tower 1
100K2012201620202024Typical rent by year: 2012 AED 81,000; 2013 AED 87,500; 2014 AED 100,000; 2015 AED 115,000; 2016 AED 111,151; 2017 AED 110,000; 2018 AED 95,000; 2019 AED 90,000; 2020 AED 70,000; 2021 AED 72,000; 2022 AED 80,300; 2023 AED 93,000; 2024 AED 104,500; 2025 AED 102,000; 2026 AED 100,000New contract, May 2015: AED 130,000 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 Al Majara Tower 1, and where 1005 sits

All 75 1-beds →

1005 last sold in April 2008 at AED 1,325 per sqft, 49% above what one-beds in Al Majara Tower 1 were fetching at the time (AED 891). Over the last 12 months one-beds sold for AED 1,620,000 to 2,350,000, around AED 2,045 per sqft, and rent for AED 70,000 to 150,000 a year. 1005's AED 130,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Sep 20261,675,000
3 Aug 20261,620,000
15 Jul 20262,350,000
22 Jun 20262,000,000
5 1-bed sales in the last 12 months

Al Majara Tower 1

Building

188 apartments, 1-bed to 3-bed over 28 floors in Dubai Marina, completed in 2006 by Emaar. 12 sold in the last 12 months.

Typical price per sqft
AED 2,018 Up 4.4%
Typical sale
AED 2.4M
Typical rent
AED 130K /yr
Typical yield
5.2%
Al Majara Tower 1, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 188 units in Al Majara Tower 1
Value
10011-bedAED 830K · Dec 2010
10023-bedAED 3.95M · Jan 2025
10032-bedAED 2.1M · Sep 2022
10042-bedAED 2.05M · Aug 2016
10061-bedAED 1.16M · Nov 2022
10072-bedAED 440K · Aug 2009

1005, Al Majara Tower 1 in numbers

  • Sold twice: first on 17 April 2008 for AED 1,450,000, last on 17 April 2008 for AED 1,231,250 (AED 1,325 per sqft).
  • Rented since May 2015 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2008 price is 10.6%, before a service charge of about AED 14,000 a year (AED 15.11 per sqft).
  • One-beds in Al Majara Tower 1 sold for AED 1,620,000–2,350,000 in the 12 months to November 2026; the building's median across all types is AED 2,018 per sqft.

Source: Dubai Land Department. Updated 24 May 2015.

Questions about 1005, Al Majara Tower 1

What did unit 1005 last sell for?

AED 1,231,250 on 17 April 2008, sold by the developer: AED 1,325 per sqft for 929 sqft. The unit has 2 registered sales; the first was AED 1,450,000 in April 2008.

What is the rent for unit 1005?

AED 130,000 a year on the contract signed on 24 May 2015.

How big is unit 1005?

929 sqft (86.3 sqm): a one-bedroom apartment on the 10th floor of a 28-storey tower completed in 2006.

What is unit 1005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Majara Tower 1 sold for AED 1,620,000 to 2,350,000 in the last 12 months, around AED 2,045 per sqft.

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Mortgage on 1005, Al Majara Tower 1

Starts from the last sale price (AED 1.23M, 17 April 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,231,250
Deposit, UAE resident (20%)
AED 246,250
Deposit, non-resident (40%)
AED 492,500
Monthly over 25 years at 3.7%
AED 5,037

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