1207, Al Majara Tower 1
Sold prices and rental history: sold once, by the developer in July 2010, 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 1207, Al Majara Tower 1
What is 1207 worth today?
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Source: Dubai Land Department. Updated 15 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,338 sqft
- Floor
- 12th of 28
- Parking
- 14
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 20,200 /yr
- Last sold
- AED 455K · July 2010
- Building
- Al Majara Tower 1
About 1207, Al Majara Tower 1
1207 is a two-bedroom apartment of 1,338 sqft on the 12th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 5 July 2010 for AED 455,250, or AED 340 per sqft, 48% below the AED 659 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 15 August 2024, is AED 130,000 a year: a gross yield of 28.6% on the 2010 price, before the service charge of about AED 20,200 a year.
Sales and rents for 1207 over time
1207 has sold once; 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 1207 sits
All 77 2-beds →1207 last sold in July 2010 at AED 340 per sqft, 48% below what two-beds in Al Majara Tower 1 were fetching at the time (AED 659). 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. 1207's AED 130,000 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 | |
| 1203 | 2-bed | 1,591 sqft | AED 1.45MAED 1,450,000 · Dec 2019December 2019 | 120,000 /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, Al Majara Tower 1 in numbers
- Sold once: by Emaar on 5 July 2010 for AED 455,250, or AED 340 per sqft.
- Rented since November 2013 on 10 Ejari contracts. The rent fell from AED 110,000 to AED 89,000 in 2021 and recovered to AED 130,000 by August 2024.
- At AED 130,000 a year the gross yield on the 2010 price is 28.6%, 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 15 August 2024.
Questions about 1207, Al Majara Tower 1
What did unit 1207 last sell for?
AED 455,250 on 5 July 2010, sold by the developer: AED 340 per sqft for 1,338 sqft. It is the only registered sale of the unit.
What is the rent for unit 1207?
AED 130,000 a year on the contract renewed on 15 August 2024. The previous contract, from August 2024, was AED 130,000; the unit has been rented since November 2013.
How big is unit 1207?
1,338 sqft (124.3 sqm): a two-bedroom apartment on the 12th floor of a 28-storey tower completed in 2006.
What is unit 1207 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 1207, Al Majara Tower 1
Starts from the last sale price (AED 455K, 5 July 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 455,250
- Deposit, UAE resident (20%)
- AED 91,050
- Deposit, non-resident (40%)
- AED 182,100
- Monthly over 25 years at 3.7%
- AED 1,863
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →