1-bed · 951 sqftAl Majara Tower 1, Dubai Marina · 17th floor · completed 2006

1701, Al Majara Tower 1

Sold prices and rental history: sold 4 times, last in July 2018, and rented once, from August 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 26 July 2018
Last soldAED 1.45M26 July 2018
Current rentAED 110K /yr15 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1701, Al Majara Tower 1

What is 1701 worth today?

Last sold for AED 1,450,000 in 2018

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26 Jul 2018SoldReady
AED 1,450,000AED 1,524 per sqft
15 Aug 2017RentedNew contract
AED 110,000/yr12 months · AED 116 per sqft
4 Oct 2016SoldReady
AED 1,200,000AED 1,261 per sqft
28 Apr 2011SoldReady
AED 1,050,000AED 1,104 per sqft
21 Jun 2010Sold by developerReady
AED 367,750AED 386 per sqft

Source: Dubai Land Department. Updated 26 July 2018.

Key facts

Type
1-bed apartment
Size
951 sqft
Floor
17th of 28
Parking
174
Developer
Emaar
Completed
2006
Service charge
AED 14,400 /yr
Last sold
AED 1.45M · July 2018

About 1701, Al Majara Tower 1

1701 is a one-bedroom apartment of 951 sqft on the 17th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 26 July 2018 for AED 1,450,000, or AED 1,524 per sqft, in line with the AED 1,551 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 August 2017. The current contract, signed on 15 August 2017, is AED 110,000 a year: a gross yield of 7.6% on the 2018 price, before the service charge of about AED 14,400 a year.

Sales and rents for 1701 over time

Sales
Unit 1701, each saleTypical one-bed in Al Majara Tower 1
1M2M2008201320182023Typical sale price by year: 2008 AED 757,368; 2009 AED 474,000; 2010 AED 650,500; 2011 AED 734,750; 2012 AED 875,000; 2013 AED 1,175,000; 2014 AED 1,537,500; 2015 AED 1,200,000; 2016 AED 1,275,000; 2017 AED 1,500,000; 2018 AED 1,450,000; 2020 AED 800,000; 2021 AED 956,500; 2022 AED 1,262,500; 2023 AED 1,500,000; 2024 AED 1,567,500; 2025 AED 1,857,500; 2026 AED 1,900,000Sold by developer, June 2010: AED 367,750 (AED 386 per sqft)Sold, April 2011: AED 1,050,000 (AED 1,104 per sqft)Sold, October 2016: AED 1,200,000 (AED 1,261 per sqft)Sold, July 2018: AED 1,450,000 (AED 1,524 per sqft)

1701 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1701, each contractTypical one-bed in Al Majara Tower 1
75K100K2012201620202024Typical rent by year: 2012 AED 81,000; 2013 AED 87,500; 2014 AED 100,000; 2015 AED 115,000; 2016 AED 111,151; 2017 AED 110,000; 2018 AED 95,000; 2019 AED 90,000; 2020 AED 70,000; 2021 AED 72,000; 2022 AED 80,300; 2023 AED 93,000; 2024 AED 104,500; 2025 AED 102,000; 2026 AED 100,000New contract, August 2017: AED 110,000 a year

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 1701 sits

All 75 1-beds →

1701 last sold in July 2018 at AED 1,524 per sqft, in line with what one-beds in Al Majara Tower 1 were fetching at the time (AED 1,551). 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. 1701's AED 110,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Sep 20261,675,000
3 Aug 20261,620,000
15 Jul 20262,350,000
22 Jun 20262,000,000
5 1-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 17th floor

All 188 units in Al Majara Tower 1
Value
17023-bedAED 4.3M · Feb 2025
17032-bedAED 1.1M · May 2016
17042-bedAED 2.33M · Dec 2023
17051-bedAED 1.37M · Dec 2022
17061-bedAED 650K · Mar 2011
17072-bedAED 1.7M · Dec 2021

1701, Al Majara Tower 1 in numbers

  • Sold 4 times: first on 21 June 2010 for AED 367,750, last on 26 July 2018 for AED 1,450,000 (AED 1,524 per sqft).
  • Rented since August 2017 on one Ejari contract, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2018 price is 7.6%, before a service charge of about AED 14,400 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 26 July 2018.

Questions about 1701, Al Majara Tower 1

What did unit 1701 last sell for?

AED 1,450,000 on 26 July 2018: AED 1,524 per sqft for 951 sqft. The unit has 4 registered sales; the first was AED 367,750 in June 2010.

What is the rent for unit 1701?

AED 110,000 a year on the contract signed on 15 August 2017.

How big is unit 1701?

951 sqft (88.4 sqm): a one-bedroom apartment on the 17th floor of a 28-storey tower completed in 2006.

What is unit 1701 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 1701, Al Majara Tower 1

Starts from the last sale price (AED 1.45M, 26 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

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