1506, Al Majara Tower 1
Sold prices and rental history: sold once, by the developer in March 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Al Majara Tower 1
What is 1506 worth today?
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Source: Dubai Land Department. Updated 1 February 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 841 sqft
- Floor
- 15th of 28
- Parking
- 182
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 12,700 /yr
- Last sold
- AED 532K · March 2015
- Building
- Al Majara Tower 1
About 1506, Al Majara Tower 1
1506 is a one-bedroom apartment of 841 sqft on the 15th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 22 March 2015 for AED 532,000, or AED 632 per sqft, 54% below the AED 1,377 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 84,000 a year: a gross yield of 15.8% on the 2015 price, before the service charge of about AED 12,700 a year.
Sales and rents for 1506 over time
1506 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Al Majara Tower 1, and where 1506 sits
All 75 1-beds →1506 last sold in March 2015 at AED 632 per sqft, 54% below what one-beds in Al Majara Tower 1 were fetching at the time (AED 1,377). Over the last 12 months one-beds sold for AED 1,620,000 to 2,350,000, around AED 2,045 per sqft, and rent for AED 70,000 to 150,000 a year. 1506's AED 84,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Sep 202611 September 2026 | 841 sqft | 1,675,000 | 1,991 | ||
| 3 Aug 20263 August 2026 | 929 sqft | 1,620,000 | 1,743 | ||
| 15 Jul 202615 July 2026 | 951 sqft | 2,350,000 | 2,471 | ||
| 22 Jun 202622 June 2026 | 929 sqft | 2,000,000 | 2,152 |
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 | |
| 1504 | 2-bed | 1,324 sqft | AED 1.25MAED 1,250,000 · Oct 2011October 2011 | 133,404 /yr | |
| 1505 | 1-bed | 929 sqft | AED 1.6MAED 1,600,000 · May 2014May 2014 | 110,000 /yr | |
| 1507 | 2-bed | 1,338 sqft | AED 477KAED 476,555 · Oct 2021October 2021 | 150,000 /yr |
1506, Al Majara Tower 1 in numbers
- Sold once: by Emaar on 22 March 2015 for AED 532,000, or AED 632 per sqft.
- Rented since October 2015 on 5 Ejari contracts. The rent fell from AED 105,000 to AED 66,000 in 2022 and recovered to AED 84,000 by February 2023.
- At AED 84,000 a year the gross yield on the 2015 price is 15.8%, before a service charge of about AED 12,700 a year (AED 15.11 per sqft).
- One-beds in Al Majara Tower 1 sold for AED 1,620,000–2,350,000 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 1 February 2023.
Questions about 1506, Al Majara Tower 1
What did unit 1506 last sell for?
AED 532,000 on 22 March 2015, sold by the developer: AED 632 per sqft for 841 sqft. It is the only registered sale of the unit.
What is the rent for unit 1506?
AED 84,000 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 66,000; the unit has been rented since October 2015.
How big is unit 1506?
841 sqft (78.1 sqm): a one-bedroom apartment on the 15th floor of a 28-storey tower completed in 2006.
What is unit 1506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Majara Tower 1 sold for AED 1,620,000 to 2,350,000 in the last 12 months, around AED 2,045 per sqft.
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Mortgage on 1506, Al Majara Tower 1
Starts from the last sale price (AED 532K, 22 March 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 532,000
- Deposit, UAE resident (20%)
- AED 106,400
- Deposit, non-resident (40%)
- AED 212,800
- Monthly over 25 years at 3.7%
- AED 2,177
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →