3-bed · 2,057 sqftAl Majara Tower 1, Dubai Marina · 14th floor · completed 2006

1402, Al Majara Tower 1

Sold prices and rental history: sold once, by the developer in October 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 12 October 2011
Last soldAED 822K12 October 2011
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1402, Al Majara Tower 1

What is 1402 worth today?

Last sold for AED 821,750 in 2011

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12 Oct 2011Sold by developerReady
AED 821,750AED 399 per sqft

Source: Dubai Land Department. Updated 12 October 2011.

Key facts

Type
3-bed apartment
Size
2,057 sqft
Floor
14th of 28
Parking
295 , 296
Developer
Emaar
Completed
2006
Service charge
AED 31,100 /yr
Last sold
AED 822K · October 2011

About 1402, Al Majara Tower 1

1402 is a three-bedroom apartment of 2,057 sqft on the 14th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 12 October 2011 for AED 821,750, or AED 399 per sqft, 55% below the AED 893 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1402 over time

Sales
Unit 1402, each saleTypical three-bed in Al Majara Tower 1
2M4M2008201320182023Typical sale price by year: 2008 AED 1,739,750; 2009 AED 1,750,000; 2010 AED 1,427,222; 2011 AED 1,680,000; 2012 AED 2,550,000; 2013 AED 2,740,000; 2015 AED 3,300,000; 2016 AED 3,075,000; 2017 AED 1,430,000; 2019 AED 2,217,900; 2025 AED 4,250,000Sold by developer, October 2011: AED 821,750 (AED 399 per sqft)

1402 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1402, each contractTypical three-bed in Al Majara Tower 1
150K200K250K2012201620202024Typical rent by year: 2012 AED 162,500; 2013 AED 171,625; 2014 AED 240,000; 2015 AED 245,000; 2016 AED 225,000; 2017 AED 222,500; 2018 AED 208,505; 2019 AED 175,000; 2020 AED 153,502; 2021 AED 155,000; 2022 AED 180,000; 2023 AED 200,000; 2024 AED 220,000; 2025 AED 230,000; 2026 AED 233,000

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Al Majara Tower 1, and where 1402 sits

All 36 3-beds →

1402 last sold in October 2011 at AED 399 per sqft, 55% below what three-beds in Al Majara Tower 1 were fetching at the time (AED 893). Over the last 12 months three-beds sold for AED 3,500,000 to 4,600,000, around AED 1,980 per sqft, and rent for AED 184,000 to 300,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
24 Aug 20264,600,000
22 Jul 20263,500,000
27 Oct 20254,250,000
14 Feb 20254,300,000
2 3-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 14th floor

All 188 units in Al Majara Tower 1
Value
14011-bedAED 1.84M · Jun 2017
14032-bedAED 1.66M · Apr 2008
14042-bedAED 1.58M · Oct 2022
14051-bedAED 1.01M · Mar 2022
14061-bedAED 1.22M · Sep 2015
14072-bedAED 2.78M · Jan 2024

1402, Al Majara Tower 1 in numbers

  • Sold once: by Emaar on 12 October 2011 for AED 821,750, or AED 399 per sqft.
  • Three-beds in Al Majara Tower 1 sold for AED 3,500,000–4,600,000 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 12 October 2011.

Questions about 1402, Al Majara Tower 1

What did unit 1402 last sell for?

AED 821,750 on 12 October 2011, sold by the developer: AED 399 per sqft for 2,057 sqft. It is the only registered sale of the unit.

How big is unit 1402?

2,057 sqft (191.1 sqm): a three-bedroom apartment on the 14th floor of a 28-storey tower completed in 2006.

What is unit 1402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Majara Tower 1 sold for AED 3,500,000 to 4,600,000 in the last 12 months, around AED 1,980 per sqft.

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Mortgage on 1402, Al Majara Tower 1

Starts from the last sale price (AED 822K, 12 October 2011). Switch to today's estimate once you have unlocked it.
Price
AED 821,750
Deposit, UAE resident (20%)
AED 164,350
Deposit, non-resident (40%)
AED 328,700
Monthly over 25 years at 3.7%
AED 3,362

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