1603, Al Majara Tower 1
Sold prices and rental history: sold 4 times, last in August 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Al Majara Tower 1
What is 1603 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 23 December 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 171 sqft
- Floor
- 16th of 28
- Parking
- 179
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 2,600 /yr
- Last sold
- AED 150K · August 2019
- Building
- Al Majara Tower 1
About 1603, Al Majara Tower 1
1603 is a two-bedroom apartment of 171 sqft on the 16th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 27 August 2019 for AED 150,000, or AED 878 per sqft, 24% below the AED 1,151 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 23 December 2025, is AED 124,732 a year: a gross yield of 83.2% on the 2019 price, before the service charge of about AED 2,600 a year.
Sales and rents for 1603 over time
1603 has sold 4 times; 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 1603 sits
All 77 2-beds →1603 last sold in August 2019 at AED 878 per sqft, 24% below what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,151). 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. 1603's AED 124,732 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 16th floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 951 sqft | AED 843KAED 842,888 · Feb 2011February 2011 | 100,000 /yr | |
| 1602 | 3-bed | 2,057 sqft | AED 1.68MAED 1,678,500 · Dec 2008December 2008 | 210,000 /yr | |
| 1604 | 2-bed | 1,324 sqft | AED 1.01MAED 1,010,000 · Jan 2018January 2018 | 140,000 /yr | |
| 1605 | 1-bed | 929 sqft | AED 1.62MAED 1,620,000 · Aug 2026August 2026 | 110,000 /yr | |
| 1606 | 1-bed | 841 sqft | AED 269KAED 269,000 · Dec 2009December 2009 | 100,000 /yr | |
| 1607 | 2-bed | 1,338 sqft | AED 1.23MAED 1,225,000 · Jan 2020January 2020 | 135,000 /yr |
1603, Al Majara Tower 1 in numbers
- Sold 4 times: first on 5 August 2010 for AED 1,392,000, last on 27 August 2019 for AED 150,000 (AED 878 per sqft).
- Rented since November 2013 on 13 Ejari contracts. The rent fell from AED 155,000 to AED 85,000 in 2020 and recovered to AED 124,732 by December 2025.
- At AED 124,732 a year the gross yield on the 2019 price is 83.2%, before a service charge of about AED 2,600 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 23 December 2025.
Questions about 1603, Al Majara Tower 1
What did unit 1603 last sell for?
AED 150,000 on 27 August 2019: AED 878 per sqft for 171 sqft. The unit has 4 registered sales; the first was AED 1,392,000 in August 2010.
What is the rent for unit 1603?
AED 124,732 a year on the contract renewed on 23 December 2025. The previous contract, from December 2024, was AED 113,392; the unit has been rented since November 2013.
How big is unit 1603?
171 sqft (15.9 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2006.
What is unit 1603 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.
Selling 1603? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1603, Al Majara Tower 1
Starts from the last sale price (AED 150K, 27 August 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 150,000
- Deposit, UAE resident (20%)
- AED 30,000
- Deposit, non-resident (40%)
- AED 60,000
- Monthly over 25 years at 3.7%
- AED 614
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →