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2-bed · 1,338 sqftAl Majara Tower 1, Dubai Marina · 11th floor · completed 2006

1107, Al Majara Tower 1

Sold prices and rental history: sold 3 times, last in August 2019, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1107 · DLD and Ejari recordsUpdated 21 August 2019
Last soldAED 1.55M21 August 2019
Current rentAED 115K /yr19 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1107, Al Majara Tower 1

What is 1107 worth today?

Last sold for AED 1,550,000 in 2019

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21 Aug 2019SoldReady
AED 1,550,000AED 1,158 per sqft
19 Dec 2018RentedNew contract
AED 115,000/yr12 months · AED 86 per sqft
20 Apr 2018RentedRenewal
AED 140,000/yr6 months · AED 105 per sqft
20 Oct 2017RentedRenewal
AED 140,000/yr6 months · AED 105 per sqft
20 Oct 2016RentedNew contract
AED 140,000/yr12 months · AED 105 per sqft
29 Jan 2012SoldReady
AED 447,750AED 669 per sqft
15 Jul 2010Sold by developerReady
AED 447,750AED 334 per sqft

Source: Dubai Land Department. Updated 21 August 2019.

Key facts

Type
2-bed apartment
Size
1,338 sqft
Floor
11th of 28
Parking
40
Developer
Emaar
Completed
2006
Service charge
AED 20,200 /yr
Last sold
AED 1.55M · August 2019
Building
Al Majara Tower 1

About 1107, Al Majara Tower 1

1107 is a two-bedroom apartment of 1,338 sqft on the 11th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 21 August 2019 for AED 1,550,000, or AED 1,158 per sqft, in line with the AED 1,151 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 19 December 2018, is AED 115,000 a year: a gross yield of 7.4% on the 2019 price, before the service charge of about AED 20,200 a year.

Sales and rents for 1107 over time

Sales
Unit 1107, each saleTypical two-bed in Al Majara Tower 1
2M2008201320182023Typical sale price by year: 2008 AED 1,480,000; 2009 AED 1,195,000; 2010 AED 1,087,500; 2011 AED 1,231,974; 2012 AED 1,300,000; 2013 AED 1,887,500; 2014 AED 2,350,000; 2015 AED 2,150,000; 2016 AED 1,830,000; 2017 AED 1,870,000; 2018 AED 2,045,000; 2019 AED 700,000; 2020 AED 1,212,500; 2021 AED 1,455,000; 2022 AED 1,800,000; 2023 AED 2,200,000; 2024 AED 2,300,000; 2025 AED 2,806,229; 2026 AED 2,625,000Sold by developer, July 2010: AED 447,750 (AED 334 per sqft)Sold, January 2012: AED 447,750 (AED 669 per sqft)Sold, August 2019: AED 1,550,000 (AED 1,158 per sqft)

1107 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1107, each contractTypical two-bed in Al Majara Tower 1
100K150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 137,348; 2014 AED 152,000; 2015 AED 156,000; 2016 AED 150,000; 2017 AED 147,000; 2018 AED 135,000; 2019 AED 119,800; 2020 AED 100,000; 2021 AED 99,750; 2022 AED 110,000; 2023 AED 130,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 140,000New contract, October 2016: AED 140,000 a yearRenewal, October 2017: AED 140,000 a yearRenewal, April 2018: AED 140,000 a yearNew contract, December 2018: AED 115,000 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 Al Majara Tower 1, and where 1107 sits

All 77 2-beds →

1107 last sold in August 2019 at AED 1,158 per sqft, in line with what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,151). Over the last 12 months two-beds sold for AED 2,043,546 to 3,050,000, around AED 1,831 per sqft, and rent for AED 100,000 to 280,000 a year. 1107's AED 115,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Oct 20262,800,000
13 Jul 20262,043,546
4 Jun 20262,450,000
1 May 20263,050,000
5 2-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 11th floor

All 188 units in Al Majara Tower 1
Value
11011-bedAED 1.9M · Apr 2017
11023-bedAED 1.54M · Apr 2012
11032-bedAED 1.85M · Nov 2022
11042-bedAED 1.8M · Jun 2016
11051-bedAED 1.9M · Jan 2026
11061-bedAED 508K · Apr 2008

1107, Al Majara Tower 1 in numbers

  • Sold 3 times: first on 15 July 2010 for AED 447,750, last on 21 August 2019 for AED 1,550,000 (AED 1,158 per sqft).
  • Rented since October 2016 on 4 Ejari contracts, from AED 140,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2019 price is 7.4%, before a service charge of about AED 20,200 a year (AED 15.11 per sqft).
  • Two-beds in Al Majara Tower 1 sold for AED 2,043,546–3,050,000 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 21 August 2019.

Questions about 1107, Al Majara Tower 1

What did unit 1107 last sell for?

AED 1,550,000 on 21 August 2019: AED 1,158 per sqft for 1,338 sqft. The unit has 3 registered sales; the first was AED 447,750 in July 2010.

What is the rent for unit 1107?

AED 115,000 a year on the contract signed on 19 December 2018. The previous contract, from April 2018, was AED 140,000; the unit has been rented since October 2016.

How big is unit 1107?

1,338 sqft (124.3 sqm): a two-bedroom apartment on the 11th floor of a 28-storey tower completed in 2006.

What is unit 1107 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Majara Tower 1 sold for AED 2,043,546 to 3,050,000 in the last 12 months, around AED 1,831 per sqft.

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Mortgage on 1107, Al Majara Tower 1

Starts from the last sale price (AED 1.55M, 21 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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