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2-bed · 1,591 sqftAl Majara Tower 1, Dubai Marina · 23rd floor · completed 2006

2303, Al Majara Tower 1

Sold prices and rental history: sold twice, last in March 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2303 · DLD and Ejari recordsUpdated 18 June 2015
Last soldAED 1.9M9 March 2009
Current rentAED 200K /yr18 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2303, Al Majara Tower 1

What is 2303 worth today?

Last sold for AED 1,903,674 in 2009

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18 Jun 2015RentedNew contract
AED 200,000/yr12 months · AED 126 per sqft
14 Nov 2014RentedRenewal
AED 187,989/yr6 months · AED 118 per sqft
14 Nov 2013RentedNew contract
AED 180,000/yr12 months · AED 113 per sqft
1 Mar 2013RentedNew contract
AED 160,000/yr12 months · AED 100 per sqft
9 Mar 2009SoldReady
AED 1,903,674AED 1,196 per sqft
5 Nov 2008Sold by developerReady
AED 1,865,000AED 1,172 per sqft

Source: Dubai Land Department. Updated 18 June 2015.

Key facts

Type
2-bed apartment
Size
1,591 sqft
Floor
23rd of 28
Parking
531
Developer
Emaar
Completed
2006
Service charge
AED 24,000 /yr
Last sold
AED 1.9M · March 2009
Building
Al Majara Tower 1

About 2303, Al Majara Tower 1

2303 is a two-bedroom apartment of 1,591 sqft on the 23rd floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 9 March 2009 for AED 1,903,674, or AED 1,196 per sqft, 21% above the AED 985 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 18 June 2015, is AED 200,000 a year: a gross yield of 10.5% on the 2009 price, before the service charge of about AED 24,000 a year.

Sales and rents for 2303 over time

Sales
Unit 2303, 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, November 2008: AED 1,865,000 (AED 1,172 per sqft)Sold, March 2009: AED 1,903,674 (AED 1,196 per sqft)

2303 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2303, each contractTypical two-bed in Al Majara Tower 1
100K150K200K2012201620202024Typical 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, March 2013: AED 160,000 a yearNew contract, November 2013: AED 180,000 a yearRenewal, November 2014: AED 187,989 a yearNew contract, June 2015: AED 200,000 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 2303 sits

All 77 2-beds →

2303 last sold in March 2009 at AED 1,196 per sqft, 21% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 985). 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. 2303's AED 200,000 is in the upper 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 23rd floor

All 188 units in Al Majara Tower 1
Value
23011-bedAED 1.18M · Jun 2015
23023-bedAED 3.1M · Jun 2008
23042-bedAED 2.75M · Mar 2025
23051-bedAED 840K · Apr 2021
23061-bedAED 580K · Apr 2008
23072-bedAED 2.3M · Mar 2016

2303, Al Majara Tower 1 in numbers

  • Sold twice: first on 5 November 2008 for AED 1,865,000, last on 9 March 2009 for AED 1,903,674 (AED 1,196 per sqft).
  • Rented since March 2013 on 4 Ejari contracts, from AED 160,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2009 price is 10.5%, 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 18 June 2015.

Questions about 2303, Al Majara Tower 1

What did unit 2303 last sell for?

AED 1,903,674 on 9 March 2009: AED 1,196 per sqft for 1,591 sqft. The unit has 2 registered sales; the first was AED 1,865,000 in November 2008.

What is the rent for unit 2303?

AED 200,000 a year on the contract signed on 18 June 2015. The previous contract, from November 2014, was AED 187,989; the unit has been rented since March 2013.

How big is unit 2303?

1,591 sqft (147.8 sqm): a two-bedroom apartment on the 23rd floor of a 28-storey tower completed in 2006.

What is unit 2303 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 2303, Al Majara Tower 1

Starts from the last sale price (AED 1.9M, 9 March 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,903,674
Deposit, UAE resident (20%)
AED 380,735
Deposit, non-resident (40%)
AED 761,470
Monthly over 25 years at 3.7%
AED 7,789

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