1504, Al Majara Tower 1
Sold prices and rental history: sold twice, last in October 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1504, Al Majara Tower 1
What is 1504 worth today?
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Source: Dubai Land Department. Updated 24 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,324 sqft
- Floor
- 15th of 28
- Parking
- 184
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 20,000 /yr
- Last sold
- AED 1.25M · October 2011
- Building
- Al Majara Tower 1
About 1504, Al Majara Tower 1
1504 is a two-bedroom apartment of 1,324 sqft on the 15th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 18 October 2011 for AED 1,250,000, or AED 944 per sqft, 4% above the AED 906 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 12 Ejari contracts. The current contract, renewed on 24 September 2026, is AED 133,404 a year: a gross yield of 10.7% on the 2011 price, before the service charge of about AED 20,000 a year.
Sales and rents for 1504 over time
1504 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 1504 sits
All 77 2-beds →1504 last sold in October 2011 at AED 944 per sqft, 4% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 906). 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. 1504's AED 133,404 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 15th floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 951 sqft | AED 1.87MAED 1,865,000 · Jul 2025July 2025 | 100,000 /yr | |
| 1502 | 3-bed | 2,057 sqft | AED 2.14MAED 2,135,000 · Apr 2019April 2019 | 202,009 /yr | |
| 1503 | 2-bed | 1,591 sqft | AED 2.9MAED 2,900,000 · Jul 2008July 2008 | 134,505 /yr | |
| 1505 | 1-bed | 929 sqft | AED 1.6MAED 1,600,000 · May 2014May 2014 | 110,000 /yr | |
| 1506 | 1-bed | 841 sqft | AED 532KAED 532,000 · Mar 2015March 2015 | 84,000 /yr | |
| 1507 | 2-bed | 1,338 sqft | AED 477KAED 476,555 · Oct 2021October 2021 | 150,000 /yr |
1504, Al Majara Tower 1 in numbers
- Sold twice: first on 15 September 2011 for AED 500,000, last on 18 October 2011 for AED 1,250,000 (AED 944 per sqft).
- Rented since December 2016 on 12 Ejari contracts. The rent fell from AED 140,000 to AED 100,000 in 2021 and recovered to AED 133,404 by September 2026.
- At AED 133,404 a year the gross yield on the 2011 price is 10.7%, 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 24 September 2026.
Questions about 1504, Al Majara Tower 1
What did unit 1504 last sell for?
AED 1,250,000 on 18 October 2011: AED 944 per sqft for 1,324 sqft. The unit has 2 registered sales; the first was AED 500,000 in September 2011.
What is the rent for unit 1504?
AED 133,404 a year on the contract renewed on 24 September 2026. The previous contract, from June 2026, was AED 133,404; the unit has been rented since December 2016.
How big is unit 1504?
1,324 sqft (123.0 sqm): a two-bedroom apartment on the 15th floor of a 28-storey tower completed in 2006.
What is unit 1504 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 1504, Al Majara Tower 1
Starts from the last sale price (AED 1.25M, 18 October 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →