1704, Al Majara Tower 1
Sold prices and rental history: sold 3 times, last in December 2023, 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 1704, Al Majara Tower 1
What is 1704 worth today?
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Source: Dubai Land Department. Updated 7 December 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,324 sqft
- Floor
- 17th of 28
- Parking
- 172
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 20,000 /yr
- Last sold
- AED 2.33M · December 2023
- Building
- Al Majara Tower 1
About 1704, Al Majara Tower 1
1704 is a two-bedroom apartment of 1,324 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 7 December 2023 for AED 2,325,000, or AED 1,756 per sqft, 18% above the AED 1,484 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 23 January 2020, is AED 134,789 a year: a gross yield of 5.8% on the 2023 price, before the service charge of about AED 20,000 a year.
Sales and rents for 1704 over time
1704 has sold 3 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 1704 sits
All 77 2-beds →1704 last sold in December 2023 at AED 1,756 per sqft, 18% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,484). 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. 1704's AED 134,789 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 17th floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 1-bed | 951 sqft | AED 1.45MAED 1,450,000 · Jul 2018July 2018 | 110,000 /yr | |
| 1702 | 3-bed | 2,057 sqft | AED 4.3MAED 4,300,000 · Feb 2025February 2025 | 220,000 /yr | |
| 1703 | 2-bed | 1,591 sqft | AED 1.1MAED 1,100,000 · May 2016May 2016 | 186,000 /yr | |
| 1705 | 1-bed | 929 sqft | AED 1.37MAED 1,370,000 · Dec 2022December 2022 | 70,000 /yr | |
| 1706 | 1-bed | 841 sqft | AED 650KAED 650,000 · Mar 2011March 2011 | 94,500 /yr | |
| 1707 | 2-bed | 1,338 sqft | AED 1.7MAED 1,700,000 · Dec 2021December 2021 | 170,000 /yr |
1704, Al Majara Tower 1 in numbers
- Sold 3 times: first on 16 February 2010 for AED 590,944, last on 7 December 2023 for AED 2,325,000 (AED 1,756 per sqft).
- Rented since January 2016 on 5 Ejari contracts, from AED 140,000 to AED 134,789 a year.
- At AED 134,789 a year the gross yield on the 2023 price is 5.8%, 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 7 December 2023.
Questions about 1704, Al Majara Tower 1
What did unit 1704 last sell for?
AED 2,325,000 on 7 December 2023: AED 1,756 per sqft for 1,324 sqft. The unit has 3 registered sales; the first was AED 590,944 in February 2010.
What is the rent for unit 1704?
AED 134,789 a year on the contract renewed on 23 January 2020. The previous contract, from January 2019, was AED 135,000; the unit has been rented since January 2016.
How big is unit 1704?
1,324 sqft (123.0 sqm): a two-bedroom apartment on the 17th floor of a 28-storey tower completed in 2006.
What is unit 1704 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 1704, Al Majara Tower 1
Starts from the last sale price (AED 2.33M, 7 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,325,000
- Deposit, UAE resident (20%)
- AED 465,000
- Deposit, non-resident (40%)
- AED 930,000
- Monthly over 25 years at 3.7%
- AED 9,512
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →