1607, Al Majara Tower 1
Sold prices and rental history: sold twice, last in January 2020, 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 1607, Al Majara Tower 1
What is 1607 worth today?
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Source: Dubai Land Department. Updated 12 January 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,338 sqft
- Floor
- 16th of 28
- Parking
- 175
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 20,200 /yr
- Last sold
- AED 1.23M · January 2020
- Building
- Al Majara Tower 1
About 1607, Al Majara Tower 1
1607 is a two-bedroom apartment of 1,338 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 12 January 2020 for AED 1,225,000, or AED 915 per sqft, in line with the AED 913 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 1 April 2018, is AED 135,000 a year: a gross yield of 11.0% on the 2020 price, before the service charge of about AED 20,200 a year.
Sales and rents for 1607 over time
1607 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 1607 sits
All 77 2-beds →1607 last sold in January 2020 at AED 915 per sqft, in line with what two-beds in Al Majara Tower 1 were fetching at the time (AED 913). 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. 1607's AED 135,000 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 | |
| 1603 | 2-bed | 171 sqft | AED 150KAED 150,000 · Aug 2019August 2019 | 124,732 /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, Al Majara Tower 1 in numbers
- Sold twice: first on 29 April 2008 for AED 942,500, last on 12 January 2020 for AED 1,225,000 (AED 915 per sqft).
- Rented since August 2013 on 4 Ejari contracts, from AED 145,000 to AED 135,000 a year.
- At AED 135,000 a year the gross yield on the 2020 price is 11.0%, before a service charge of about AED 20,200 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 12 January 2020.
Questions about 1607, Al Majara Tower 1
What did unit 1607 last sell for?
AED 1,225,000 on 12 January 2020: AED 915 per sqft for 1,338 sqft. The unit has 2 registered sales; the first was AED 942,500 in April 2008.
What is the rent for unit 1607?
AED 135,000 a year on the contract renewed on 1 April 2018. The previous contract, from April 2017, was AED 152,000; the unit has been rented since August 2013.
How big is unit 1607?
1,338 sqft (124.3 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2006.
What is unit 1607 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 1607, Al Majara Tower 1
Starts from the last sale price (AED 1.23M, 12 January 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,225,000
- Deposit, UAE resident (20%)
- AED 245,000
- Deposit, non-resident (40%)
- AED 490,000
- Monthly over 25 years at 3.7%
- AED 5,012
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →