1-bed · 841 sqftAl Majara Tower 1, Dubai Marina · 19th floor · completed 2006

1906, Al Majara Tower 1

Sold prices and rental history: sold 3 times, last in December 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1906 · DLD and Ejari recordsUpdated 21 December 2020
Last soldAED 800K21 December 2020
Current rentAED 70K /yr15 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1906, Al Majara Tower 1

What is 1906 worth today?

Last sold for AED 800,000 in 2020

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21 Dec 2020SoldReady
AED 800,000AED 951 per sqft
15 Oct 2019RentedRenewal
AED 70,000/yr12 months · AED 83 per sqft
15 Oct 2018RentedRenewal
AED 85,000/yr12 months · AED 101 per sqft
15 Oct 2017RentedNew contract
AED 90,000/yr12 months · AED 107 per sqft
19 Feb 2015RentedNew contract
AED 105,000/yr12 months · AED 125 per sqft
25 Jan 2014RentedNew contract
AED 75,000/yr12 months · AED 89 per sqft
12 Oct 2008Sold by developerReady
AED 1,500,000AED 1,783 per sqft
12 Oct 2008SoldReady
AED 600,000AED 713 per sqft

Source: Dubai Land Department. Updated 21 December 2020.

Key facts

Type
1-bed apartment
Size
841 sqft
Floor
19th of 28
Parking
194
Developer
Emaar
Completed
2006
Service charge
AED 12,700 /yr
Last sold
AED 800K · December 2020

About 1906, Al Majara Tower 1

1906 is a one-bedroom apartment of 841 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 21 December 2020 for AED 800,000, or AED 951 per sqft, in line with the AED 951 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 15 October 2019, is AED 70,000 a year: a gross yield of 8.8% on the 2020 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1906 over time

Sales
Unit 1906, each saleTypical one-bed in Al Majara Tower 1
1M2M2008201320182023Typical sale price by year: 2008 AED 757,368; 2009 AED 474,000; 2010 AED 650,500; 2011 AED 734,750; 2012 AED 875,000; 2013 AED 1,175,000; 2014 AED 1,537,500; 2015 AED 1,200,000; 2016 AED 1,275,000; 2017 AED 1,500,000; 2018 AED 1,450,000; 2020 AED 800,000; 2021 AED 956,500; 2022 AED 1,262,500; 2023 AED 1,500,000; 2024 AED 1,567,500; 2025 AED 1,857,500; 2026 AED 1,900,000Sold by developer, October 2008: AED 1,500,000 (AED 1,783 per sqft)Sold, October 2008: AED 600,000 (AED 713 per sqft)Sold, December 2020: AED 800,000 (AED 951 per sqft)

1906 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1906, each contractTypical one-bed in Al Majara Tower 1
75K100K2012201620202024Typical rent by year: 2012 AED 81,000; 2013 AED 87,500; 2014 AED 100,000; 2015 AED 115,000; 2016 AED 111,151; 2017 AED 110,000; 2018 AED 95,000; 2019 AED 90,000; 2020 AED 70,000; 2021 AED 72,000; 2022 AED 80,300; 2023 AED 93,000; 2024 AED 104,500; 2025 AED 102,000; 2026 AED 100,000New contract, January 2014: AED 75,000 a yearNew contract, February 2015: AED 105,000 a yearNew contract, October 2017: AED 90,000 a yearRenewal, October 2018: AED 85,000 a yearRenewal, October 2019: AED 70,000 a year

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

1-beds in Al Majara Tower 1, and where 1906 sits

All 75 1-beds →

1906 last sold in December 2020 at AED 951 per sqft, in line with what one-beds in Al Majara Tower 1 were fetching at the time (AED 951). Over the last 12 months one-beds sold for AED 1,620,000 to 2,350,000, around AED 2,045 per sqft, and rent for AED 70,000 to 150,000 a year. 1906's AED 70,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Sep 20261,675,000
3 Aug 20261,620,000
15 Jul 20262,350,000
22 Jun 20262,000,000
5 1-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
19032-bedAED 2.35M · May 2023
19042-bedAED 2.48M · May 2024
19051-bedAED 988K · Jun 2021
19072-bedAED 1.95M · Jan 2008

1906, Al Majara Tower 1 in numbers

  • Sold 3 times: first on 12 October 2008 for AED 600,000, last on 21 December 2020 for AED 800,000 (AED 951 per sqft).
  • Rented since January 2014 on 5 Ejari contracts, from AED 75,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2020 price is 8.8%, before a service charge of about AED 12,700 a year (AED 15.11 per sqft).
  • One-beds in Al Majara Tower 1 sold for AED 1,620,000–2,350,000 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 21 December 2020.

Questions about 1906, Al Majara Tower 1

What did unit 1906 last sell for?

AED 800,000 on 21 December 2020: AED 951 per sqft for 841 sqft. The unit has 3 registered sales; the first was AED 600,000 in October 2008.

What is the rent for unit 1906?

AED 70,000 a year on the contract renewed on 15 October 2019. The previous contract, from October 2018, was AED 85,000; the unit has been rented since January 2014.

How big is unit 1906?

841 sqft (78.1 sqm): a one-bedroom apartment on the 19th floor of a 28-storey tower completed in 2006.

What is unit 1906 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Majara Tower 1 sold for AED 1,620,000 to 2,350,000 in the last 12 months, around AED 2,045 per sqft.

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Mortgage on 1906, Al Majara Tower 1

Starts from the last sale price (AED 800K, 21 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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