1203, Al Majara Tower 1
Sold prices and rental history: sold twice, last in December 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Al Majara Tower 1
What is 1203 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 30 December 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,591 sqft
- Floor
- 12th of 28
- Parking
- 38
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 24,000 /yr
- Last sold
- AED 1.45M · December 2019
- Building
- Al Majara Tower 1
About 1203, Al Majara Tower 1
1203 is a two-bedroom apartment of 1,591 sqft on the 12th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 30 December 2019 for AED 1,450,000, or AED 911 per sqft, in line with the AED 911 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 28 October 2018, is AED 120,000 a year: a gross yield of 8.3% on the 2019 price, before the service charge of about AED 24,000 a year.
Sales and rents for 1203 over time
1203 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1203 sits
All 77 2-beds →1203 last sold in December 2019 at AED 911 per sqft, in line with what two-beds in Al Majara Tower 1 were fetching at the time (AED 911). 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. 1203's AED 120,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Oct 20266 October 2026 | 1,324 sqft | 2,800,000 | 2,114 | ||
| 13 Jul 202613 July 2026 | 1,338 sqft | 2,043,546 | 1,527 | ||
| 4 Jun 20264 June 2026 | 1,338 sqft | 2,450,000 | 1,831 | ||
| 1 May 20261 May 2026 | 1,338 sqft | 3,050,000 | 2,279 |
Al Majara Tower 1
Building188 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%
Other units on the 12th floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 951 sqft | AED 2.3MAED 2,300,000 · Jun 2025June 2025 | 100,000 /yr | |
| 1202 | 3-bed | 2,057 sqft | AED 4.25MAED 4,250,000 · Oct 2025October 2025 | 170,887 /yr | |
| 1204 | 2-bed | 1,324 sqft | AED 1.85MAED 1,850,000 · May 2016May 2016 | 140,000 /yr | |
| 1205 | 1-bed | 929 sqft | AED 900KAED 900,000 · May 2012May 2012 | 87,000 /yr | |
| 1206 | 1-bed | 841 sqft | AED 1.15MAED 1,150,000 · Jul 2021July 2021 | 95,000 /yr | |
| 1207 | 2-bed | 1,338 sqft | AED 455KAED 455,250 · Jul 2010July 2010 | 130,000 /yr |
1203, Al Majara Tower 1 in numbers
- Sold twice: first on 8 July 2010 for AED 1,341,000, last on 30 December 2019 for AED 1,450,000 (AED 911 per sqft).
- Rented since February 2013 on 6 Ejari contracts, from AED 140,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2019 price is 8.3%, before a service charge of about AED 24,000 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 30 December 2019.
Questions about 1203, Al Majara Tower 1
What did unit 1203 last sell for?
AED 1,450,000 on 30 December 2019: AED 911 per sqft for 1,591 sqft. The unit has 2 registered sales; the first was AED 1,341,000 in July 2010.
What is the rent for unit 1203?
AED 120,000 a year on the contract renewed on 28 October 2018. The previous contract, from October 2017, was AED 140,000; the unit has been rented since February 2013.
How big is unit 1203?
1,591 sqft (147.8 sqm): a two-bedroom apartment on the 12th floor of a 28-storey tower completed in 2006.
What is unit 1203 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.
Selling 1203? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1203, Al Majara Tower 1
Starts from the last sale price (AED 1.45M, 30 December 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,450,000
- Deposit, UAE resident (20%)
- AED 290,000
- Deposit, non-resident (40%)
- AED 580,000
- Monthly over 25 years at 3.7%
- AED 5,932
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →