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2-bed · 1,591 sqftAl Majara Tower 1, Dubai Marina · 18th floor · completed 2006

1803, Al Majara Tower 1

Sold prices and rental history: sold 4 times, last in May 2014, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1803 · DLD and Ejari recordsUpdated 1 August 2014
Last soldAED 3.15M6 May 2014
Current rentAED 127K /yr1 August 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1803, Al Majara Tower 1

What is 1803 worth today?

Last sold for AED 3,150,000 in 2014

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1 Aug 2014RentedRenewal
AED 126,500/yr12 months · AED 79 per sqft
6 May 2014SoldReady
AED 3,150,000AED 1,979 per sqft
6 Nov 2013SoldReady
AED 2,400,000AED 1,508 per sqft
1 Aug 2013RentedNew contract
AED 115,000/yr12 months · AED 72 per sqft
13 Feb 2013SoldReady
AED 2,080,000AED 1,307 per sqft
28 Sep 2008Sold by developerReady
AED 1,500,000AED 942 per sqft

Source: Dubai Land Department. Updated 1 August 2014.

Key facts

Type
2-bed apartment
Size
1,591 sqft
Floor
18th of 28
Parking
205
Developer
Emaar
Completed
2006
Service charge
AED 24,000 /yr
Last sold
AED 3.15M · May 2014
Building
Al Majara Tower 1

About 1803, Al Majara Tower 1

1803 is a two-bedroom apartment of 1,591 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 6 May 2014 for AED 3,150,000, or AED 1,979 per sqft, 40% above the AED 1,409 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, renewed on 1 August 2014, is AED 126,500 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 24,000 a year.

Sales and rents for 1803 over time

Sales
Unit 1803, each saleTypical two-bed in Al Majara Tower 1
2M2008201320182023Typical sale price by year: 2008 AED 1,480,000; 2009 AED 1,195,000; 2010 AED 1,087,500; 2011 AED 1,231,974; 2012 AED 1,300,000; 2013 AED 1,887,500; 2014 AED 2,350,000; 2015 AED 2,150,000; 2016 AED 1,830,000; 2017 AED 1,870,000; 2018 AED 2,045,000; 2019 AED 700,000; 2020 AED 1,212,500; 2021 AED 1,455,000; 2022 AED 1,800,000; 2023 AED 2,200,000; 2024 AED 2,300,000; 2025 AED 2,806,229; 2026 AED 2,625,000Sold by developer, September 2008: AED 1,500,000 (AED 942 per sqft)Sold, February 2013: AED 2,080,000 (AED 1,307 per sqft)Sold, November 2013: AED 2,400,000 (AED 1,508 per sqft)Sold, May 2014: AED 3,150,000 (AED 1,979 per sqft)

1803 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1803, each contractTypical two-bed in Al Majara Tower 1
100K150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 137,348; 2014 AED 152,000; 2015 AED 156,000; 2016 AED 150,000; 2017 AED 147,000; 2018 AED 135,000; 2019 AED 119,800; 2020 AED 100,000; 2021 AED 99,750; 2022 AED 110,000; 2023 AED 130,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 140,000New contract, August 2013: AED 115,000 a yearRenewal, August 2014: AED 126,500 a year

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 1803 sits

All 77 2-beds →

1803 last sold in May 2014 at AED 1,979 per sqft, 40% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,409). 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. 1803's AED 126,500 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Oct 20262,800,000
13 Jul 20262,043,546
4 Jun 20262,450,000
1 May 20263,050,000
5 2-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
18023-bedAED 3.3M · Nov 2017
18042-bedAED 515K · Jun 2010
18051-bedAED 1.47M · Aug 2023
18061-bedAED 1.48M · Jun 2014
18072-bedAED 2.78M · Feb 2025

1803, Al Majara Tower 1 in numbers

  • Sold 4 times: first on 28 September 2008 for AED 1,500,000, last on 6 May 2014 for AED 3,150,000 (AED 1,979 per sqft).
  • Rented since August 2013 on 2 Ejari contracts, from AED 115,000 to AED 126,500 a year.
  • At AED 126,500 a year the gross yield on the 2014 price is 4.0%, before a service charge of about AED 24,000 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 1 August 2014.

Questions about 1803, Al Majara Tower 1

What did unit 1803 last sell for?

AED 3,150,000 on 6 May 2014: AED 1,979 per sqft for 1,591 sqft. The unit has 4 registered sales; the first was AED 1,500,000 in September 2008.

What is the rent for unit 1803?

AED 126,500 a year on the contract renewed on 1 August 2014. The previous contract, from August 2013, was AED 115,000.

How big is unit 1803?

1,591 sqft (147.8 sqm): a two-bedroom apartment on the 18th floor of a 28-storey tower completed in 2006.

What is unit 1803 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 1803, Al Majara Tower 1

Starts from the last sale price (AED 3.15M, 6 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,150,000
Deposit, UAE resident (20%)
AED 630,000
Deposit, non-resident (40%)
AED 1,260,000
Monthly over 25 years at 3.7%
AED 12,888

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