3-bed · 2,057 sqftAl Majara Tower 1, Dubai Marina · 18th floor · completed 2006

1802, Al Majara Tower 1

Sold prices and rental history: sold 5 times, last in November 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1802 · DLD and Ejari recordsUpdated 7 November 2017
Last soldAED 3.3M7 November 2017
Current rentAED 245K /yr1 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1802, Al Majara Tower 1

What is 1802 worth today?

Last sold for AED 3,300,000 in 2017

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7 Nov 2017SoldReady
AED 3,300,000AED 1,604 per sqft
1 Nov 2015RentedNew contract
AED 245,000/yr12 months · AED 119 per sqft
16 Oct 2014RentedNew contract
AED 250,000/yr12 months · AED 122 per sqft
16 Feb 2014SoldReady
AED 3,800,000AED 1,847 per sqft
1 Oct 2013RentedNew contract
AED 170,000/yr12 months · AED 83 per sqft
1 Oct 2012RentedNew contract
AED 160,000/yr12 months · AED 78 per sqft
3 Apr 2011SoldReady
AED 1,800,000AED 875 per sqft
12 Aug 2008Sold by developerReady
AED 1,713,500AED 833 per sqft

Source: Dubai Land Department. Updated 7 November 2017.

Key facts

Type
3-bed apartment
Size
2,057 sqft
Floor
18th of 28
Parking
216 , 217
Developer
Emaar
Completed
2006
Service charge
AED 31,100 /yr
Last sold
AED 3.3M · November 2017

About 1802, Al Majara Tower 1

1802 is a three-bedroom apartment of 2,057 sqft on the 18th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 7 November 2017 for AED 3,300,000, or AED 1,604 per sqft, 33% above the AED 1,202 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 1 November 2015, is AED 245,000 a year: a gross yield of 7.4% on the 2017 price, before the service charge of about AED 31,100 a year.

Sales and rents for 1802 over time

Sales
Unit 1802, each saleTypical three-bed in Al Majara Tower 1
2M4M2008201320182023Typical sale price by year: 2008 AED 1,739,750; 2009 AED 1,750,000; 2010 AED 1,427,222; 2011 AED 1,680,000; 2012 AED 2,550,000; 2013 AED 2,740,000; 2015 AED 3,300,000; 2016 AED 3,075,000; 2017 AED 1,430,000; 2019 AED 2,217,900; 2025 AED 4,250,000Sold by developer, August 2008: AED 1,713,500 (AED 833 per sqft)Sold, August 2008: AED 2,200,000 (AED 1,069 per sqft)Sold, April 2011: AED 1,800,000 (AED 875 per sqft)Sold, February 2014: AED 3,800,000 (AED 1,847 per sqft)Sold, November 2017: AED 3,300,000 (AED 1,604 per sqft)

1802 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1802, each contractTypical three-bed in Al Majara Tower 1
150K200K250K2012201620202024Typical rent by year: 2012 AED 162,500; 2013 AED 171,625; 2014 AED 240,000; 2015 AED 245,000; 2016 AED 225,000; 2017 AED 222,500; 2018 AED 208,505; 2019 AED 175,000; 2020 AED 153,502; 2021 AED 155,000; 2022 AED 180,000; 2023 AED 200,000; 2024 AED 220,000; 2025 AED 230,000; 2026 AED 233,000New contract, October 2012: AED 160,000 a yearNew contract, October 2013: AED 170,000 a yearNew contract, October 2014: AED 250,000 a yearNew contract, November 2015: AED 245,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Al Majara Tower 1, and where 1802 sits

All 36 3-beds →

1802 last sold in November 2017 at AED 1,604 per sqft, 33% above what three-beds in Al Majara Tower 1 were fetching at the time (AED 1,202). Over the last 12 months three-beds sold for AED 3,500,000 to 4,600,000, around AED 1,980 per sqft, and rent for AED 184,000 to 300,000 a year. 1802's AED 245,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
24 Aug 20264,600,000
22 Jul 20263,500,000
27 Oct 20254,250,000
14 Feb 20254,300,000
2 3-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 18th floor

All 188 units in Al Majara Tower 1
Value
18011-bedAED 1.9M · Mar 2024
18032-bedAED 3.15M · May 2014
18042-bedAED 515K · Jun 2010
18051-bedAED 1.47M · Aug 2023
18061-bedAED 1.48M · Jun 2014
18072-bedAED 2.78M · Feb 2025

1802, Al Majara Tower 1 in numbers

  • Sold 5 times: first on 12 August 2008 for AED 2,200,000, last on 7 November 2017 for AED 3,300,000 (AED 1,604 per sqft).
  • Rented since October 2012 on 4 Ejari contracts, from AED 160,000 to AED 245,000 a year.
  • At AED 245,000 a year the gross yield on the 2017 price is 7.4%, before a service charge of about AED 31,100 a year (AED 15.11 per sqft).
  • Three-beds in Al Majara Tower 1 sold for AED 3,500,000–4,600,000 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 November 2017.

Questions about 1802, Al Majara Tower 1

What did unit 1802 last sell for?

AED 3,300,000 on 7 November 2017: AED 1,604 per sqft for 2,057 sqft. The unit has 5 registered sales; the first was AED 2,200,000 in August 2008.

What is the rent for unit 1802?

AED 245,000 a year on the contract signed on 1 November 2015. The previous contract, from October 2014, was AED 250,000; the unit has been rented since October 2012.

How big is unit 1802?

2,057 sqft (191.1 sqm): a three-bedroom apartment on the 18th floor of a 28-storey tower completed in 2006.

What is unit 1802 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Majara Tower 1 sold for AED 3,500,000 to 4,600,000 in the last 12 months, around AED 1,980 per sqft.

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Mortgage on 1802, Al Majara Tower 1

Starts from the last sale price (AED 3.3M, 7 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,300,000
Deposit, UAE resident (20%)
AED 660,000
Deposit, non-resident (40%)
AED 1,320,000
Monthly over 25 years at 3.7%
AED 13,501

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