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3-bed · 2,057 sqftAl Majara Tower 1, Dubai Marina · 19th floor · completed 2006

1902, Al Majara Tower 1

Sold prices and rental history: sold once, by the developer in May 2012, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1902 · DLD and Ejari recordsUpdated 1 June 2022
Last soldAED 1.45M10 May 2012
Current rentAED 200K /yr1 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1902, Al Majara Tower 1

What is 1902 worth today?

Last sold for AED 1,450,000 in 2012

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1 Jun 2022RentedNew contract
AED 200,000/yr12 months · AED 97 per sqft
1 Nov 2020RentedNew contract
AED 150,000/yr12 months · AED 73 per sqft
10 May 2012Sold by developerReady
AED 1,450,000AED 704 per sqft

Source: Dubai Land Department. Updated 1 June 2022.

Key facts

Type
3-bed apartment
Size
2,057 sqft
Floor
19th of 28
Parking
214 , 215
Developer
Emaar
Completed
2006
Service charge
AED 31,100 /yr
Last sold
AED 1.45M · May 2012
Building
Al Majara Tower 1

About 1902, Al Majara Tower 1

1902 is a three-bedroom apartment of 2,057 sqft on the 19th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 10 May 2012 for AED 1,450,000, or AED 704 per sqft, in line with the AED 704 three-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 June 2022, is AED 200,000 a year: a gross yield of 13.8% on the 2012 price, before the service charge of about AED 31,100 a year.

Sales and rents for 1902 over time

Sales
Unit 1902, 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, May 2012: AED 1,450,000 (AED 704 per sqft)

1902 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1902, 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, November 2020: AED 150,000 a yearNew contract, June 2022: AED 200,000 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 1902 sits

All 36 3-beds →

1902 last sold in May 2012 at AED 704 per sqft, in line with what three-beds in Al Majara Tower 1 were fetching at the time (AED 704). 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. 1902's AED 200,000 is in the lower 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 19th floor

All 188 units in Al Majara Tower 1
Value
19011-bedAED 752K · Apr 2013
19032-bedAED 2.35M · May 2023
19042-bedAED 2.48M · May 2024
19051-bedAED 988K · Jun 2021
19061-bedAED 800K · Dec 2020
19072-bedAED 1.95M · Jan 2008

1902, Al Majara Tower 1 in numbers

  • Sold once: by Emaar on 10 May 2012 for AED 1,450,000, or AED 704 per sqft.
  • Rented since November 2020 on 2 Ejari contracts, from AED 150,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2012 price is 13.8%, 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 1 June 2022.

Questions about 1902, Al Majara Tower 1

What did unit 1902 last sell for?

AED 1,450,000 on 10 May 2012, sold by the developer: AED 704 per sqft for 2,057 sqft. It is the only registered sale of the unit.

What is the rent for unit 1902?

AED 200,000 a year on the contract signed on 1 June 2022. The previous contract, from November 2020, was AED 150,000.

How big is unit 1902?

2,057 sqft (191.1 sqm): a three-bedroom apartment on the 19th floor of a 28-storey tower completed in 2006.

What is unit 1902 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 1902, Al Majara Tower 1

Starts from the last sale price (AED 1.45M, 10 May 2012). 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 →