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2-bed · 1,324 sqftAl Majara Tower 1, Dubai Marina · 14th floor · completed 2006

1404, Al Majara Tower 1

Sold prices and rental history: sold 3 times, last in October 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1404 · DLD and Ejari recordsUpdated 4 October 2022
Last soldAED 1.58M4 October 2022
Current rentAED 90K /yr1 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1404, Al Majara Tower 1

What is 1404 worth today?

Last sold for AED 1,580,000 in 2022

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4 Oct 2022SoldReady
AED 1,580,000AED 1,193 per sqft
1 Apr 2022RentedRenewal
AED 90,000/yr6 months · AED 68 per sqft
1 Apr 2021RentedNew contract
AED 85,000/yr12 months · AED 64 per sqft
15 Jan 2020RentedNew contract
AED 100,000/yr12 months · AED 76 per sqft
29 Nov 2015SoldReady
AED 1,920,000AED 1,450 per sqft
27 Apr 2010Sold by developerReady
AED 495,000AED 373 per sqft

Source: Dubai Land Department. Updated 4 October 2022.

Key facts

Type
2-bed apartment
Size
1,324 sqft
Floor
14th of 28
Parking
5
Developer
Emaar
Completed
2006
Service charge
AED 20,000 /yr
Last sold
AED 1.58M · October 2022
Building
Al Majara Tower 1

About 1404, Al Majara Tower 1

1404 is a two-bedroom apartment of 1,324 sqft on the 14th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 4 October 2022 for AED 1,580,000, or AED 1,193 per sqft, 7% below the AED 1,281 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 1 April 2022, is AED 90,000 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 20,000 a year.

Sales and rents for 1404 over time

Sales
Unit 1404, 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, April 2010: AED 495,000 (AED 373 per sqft)Sold, November 2015: AED 1,920,000 (AED 1,450 per sqft)Sold, October 2022: AED 1,580,000 (AED 1,193 per sqft)

1404 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1404, 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, January 2020: AED 100,000 a yearNew contract, April 2021: AED 85,000 a yearRenewal, April 2022: AED 90,000 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 1404 sits

All 77 2-beds →

1404 last sold in October 2022 at AED 1,193 per sqft, 7% below what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,281). 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. 1404's AED 90,000 is at the bottom 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 14th floor

All 188 units in Al Majara Tower 1
Value
14011-bedAED 1.84M · Jun 2017
14023-bedAED 822K · Oct 2011
14032-bedAED 1.66M · Apr 2008
14051-bedAED 1.01M · Mar 2022
14061-bedAED 1.22M · Sep 2015
14072-bedAED 2.78M · Jan 2024

1404, Al Majara Tower 1 in numbers

  • Sold 3 times: first on 27 April 2010 for AED 495,000, last on 4 October 2022 for AED 1,580,000 (AED 1,193 per sqft).
  • Rented since January 2020 on 3 Ejari contracts, from AED 100,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2022 price is 5.7%, before a service charge of about AED 20,000 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 4 October 2022.

Questions about 1404, Al Majara Tower 1

What did unit 1404 last sell for?

AED 1,580,000 on 4 October 2022: AED 1,193 per sqft for 1,324 sqft. The unit has 3 registered sales; the first was AED 495,000 in April 2010.

What is the rent for unit 1404?

AED 90,000 a year on the contract renewed on 1 April 2022. The previous contract, from April 2021, was AED 85,000; the unit has been rented since January 2020.

How big is unit 1404?

1,324 sqft (123.0 sqm): a two-bedroom apartment on the 14th floor of a 28-storey tower completed in 2006.

What is unit 1404 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 1404, Al Majara Tower 1

Starts from the last sale price (AED 1.58M, 4 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,580,000
Deposit, UAE resident (20%)
AED 316,000
Deposit, non-resident (40%)
AED 632,000
Monthly over 25 years at 3.7%
AED 6,464

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