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2-bed · 1,338 sqftAl Majara Tower 1, Dubai Marina · 14th floor · completed 2006

1407, Al Majara Tower 1

Sold prices and rental history: sold 3 times, last in January 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1407 · DLD and Ejari recordsUpdated 23 January 2024
Last soldAED 2.78M23 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1407, Al Majara Tower 1

What is 1407 worth today?

Last sold for AED 2,775,000 in 2024

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23 Jan 2024SoldReady
AED 2,775,000AED 2,074 per sqft
25 Nov 2009SoldReady
AED 1,545,146AED 1,154 per sqft
15 Jul 2009Sold by developerReady
AED 686,000AED 512 per sqft

Source: Dubai Land Department. Updated 23 January 2024.

Key facts

Type
2-bed apartment
Size
1,338 sqft
Floor
14th of 28
Parking
2
Developer
Emaar
Completed
2006
Service charge
AED 20,200 /yr
Last sold
AED 2.78M · January 2024
Building
Al Majara Tower 1

About 1407, Al Majara Tower 1

1407 is a two-bedroom apartment of 1,338 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 23 January 2024 for AED 2,775,000, or AED 2,074 per sqft, 29% above the AED 1,606 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1407 over time

Sales
Unit 1407, each saleTypical two-bed in Al Majara Tower 1
1M2M3M2008201320182023Typical 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 2009: AED 686,000 (AED 512 per sqft)Sold, November 2009: AED 1,545,146 (AED 1,154 per sqft)Sold, January 2024: AED 2,775,000 (AED 2,074 per sqft)

1407 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1407, 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 140,000

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 1407 sits

All 77 2-beds →

1407 last sold in January 2024 at AED 2,074 per sqft, 29% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,606). 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.

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
14042-bedAED 1.58M · Oct 2022
14051-bedAED 1.01M · Mar 2022
14061-bedAED 1.22M · Sep 2015

1407, Al Majara Tower 1 in numbers

  • Sold 3 times: first on 15 July 2009 for AED 686,000, last on 23 January 2024 for AED 2,775,000 (AED 2,074 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 23 January 2024.

Questions about 1407, Al Majara Tower 1

What did unit 1407 last sell for?

AED 2,775,000 on 23 January 2024: AED 2,074 per sqft for 1,338 sqft. The unit has 3 registered sales; the first was AED 686,000 in July 2009.

How big is unit 1407?

1,338 sqft (124.3 sqm): a two-bedroom apartment on the 14th floor of a 28-storey tower completed in 2006.

What is unit 1407 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 1407, Al Majara Tower 1

Starts from the last sale price (AED 2.78M, 23 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,775,000
Deposit, UAE resident (20%)
AED 555,000
Deposit, non-resident (40%)
AED 1,110,000
Monthly over 25 years at 3.7%
AED 11,353

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