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2-bed · 1,591 sqftAl Majara Tower 1, Dubai Marina · 19th floor · completed 2006

1903, Al Majara Tower 1

Sold prices and rental history: sold 4 times, last in May 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1903 · DLD and Ejari recordsUpdated 25 May 2023
Last soldAED 2.35M25 May 2023
Current rentAED 70K /yr1 July 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1903, Al Majara Tower 1

What is 1903 worth today?

Last sold for AED 2,350,000 in 2023

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25 May 2023SoldReady
AED 2,350,000AED 1,477 per sqft
1 Jul 2017RentedNew contract
AED 70,000/yr12 months · AED 44 per sqft
17 Jun 2016RentedRenewal
AED 169,061/yr12 months · AED 106 per sqft
15 Jun 2015RentedRenewal
AED 169,061/yr12 months · AED 106 per sqft
15 Jun 2014RentedNew contract
AED 170,000/yr12 months · AED 107 per sqft
23 May 2010SoldReady
AED 1,620,000AED 1,018 per sqft
10 Feb 2010Sold by developerReady
AED 1,450,000AED 911 per sqft
10 Feb 2010SoldReady
AED 1,450,000AED 911 per sqft

Source: Dubai Land Department. Updated 25 May 2023.

Key facts

Type
2-bed apartment
Size
1,591 sqft
Floor
19th of 28
Parking
199
Developer
Emaar
Completed
2006
Service charge
AED 24,000 /yr
Last sold
AED 2.35M · May 2023
Building
Al Majara Tower 1

About 1903, Al Majara Tower 1

1903 is a two-bedroom apartment of 1,591 sqft on the 19th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 25 May 2023 for AED 2,350,000, or AED 1,477 per sqft, 12% above the AED 1,313 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 1 July 2017, is AED 70,000 a year: a gross yield of 3.0% on the 2023 price, before the service charge of about AED 24,000 a year.

Sales and rents for 1903 over time

Sales
Unit 1903, each saleTypical two-bed in Al Majara Tower 1
1M2M3M2008201320182023Typical 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, February 2010: AED 1,450,000 (AED 911 per sqft)Sold, February 2010: AED 1,450,000 (AED 911 per sqft)Sold, May 2010: AED 1,620,000 (AED 1,018 per sqft)Sold, May 2023: AED 2,350,000 (AED 1,477 per sqft)

1903 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1903, 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, June 2014: AED 170,000 a yearRenewal, June 2015: AED 169,061 a yearRenewal, June 2016: AED 169,061 a yearNew contract, July 2017: AED 70,000 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 1903 sits

All 77 2-beds →

1903 last sold in May 2023 at AED 1,477 per sqft, 12% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,313). 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. 1903's AED 70,000 is at the bottom 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 19th floor

All 188 units in Al Majara Tower 1
Value
19011-bedAED 752K · Apr 2013
19023-bedAED 1.45M · May 2012
19042-bedAED 2.48M · May 2024
19051-bedAED 988K · Jun 2021
19061-bedAED 800K · Dec 2020
19072-bedAED 1.95M · Jan 2008

1903, Al Majara Tower 1 in numbers

  • Sold 4 times: first on 10 February 2010 for AED 1,450,000, last on 25 May 2023 for AED 2,350,000 (AED 1,477 per sqft).
  • Rented since June 2014 on 4 Ejari contracts, from AED 170,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 3.0%, 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 25 May 2023.

Questions about 1903, Al Majara Tower 1

What did unit 1903 last sell for?

AED 2,350,000 on 25 May 2023: AED 1,477 per sqft for 1,591 sqft. The unit has 4 registered sales; the first was AED 1,450,000 in February 2010.

What is the rent for unit 1903?

AED 70,000 a year on the contract signed on 1 July 2017. The previous contract, from June 2016, was AED 169,061; the unit has been rented since June 2014.

How big is unit 1903?

1,591 sqft (147.8 sqm): a two-bedroom apartment on the 19th floor of a 28-storey tower completed in 2006.

What is unit 1903 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 1903, Al Majara Tower 1

Starts from the last sale price (AED 2.35M, 25 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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