2306, Al Majara Tower 1
Sold prices and rental history: sold once, by the developer in April 2008, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2306, Al Majara Tower 1
What is 2306 worth today?
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Source: Dubai Land Department. Updated 1 December 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 841 sqft
- Floor
- 23rd of 28
- Parking
- 528
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 12,700 /yr
- Last sold
- AED 580K · April 2008
- Building
- Al Majara Tower 1
About 2306, Al Majara Tower 1
2306 is a one-bedroom apartment of 841 sqft on the 23rd floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 30 April 2008 for AED 580,000, or AED 689 per sqft, 13% below the AED 790 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 1 December 2021, is AED 66,000 a year: a gross yield of 11.4% on the 2008 price, before the service charge of about AED 12,700 a year.
Sales and rents for 2306 over time
2306 has sold once; the dashed line is the one-bed median of each year in the building.
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 2306 sits
All 75 1-beds →2306 last sold in April 2008 at AED 689 per sqft, 13% below what one-beds in Al Majara Tower 1 were fetching at the time (AED 790). 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. 2306's AED 66,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Sep 202611 September 2026 | 841 sqft | 1,675,000 | 1,991 | ||
| 3 Aug 20263 August 2026 | 929 sqft | 1,620,000 | 1,743 | ||
| 15 Jul 202615 July 2026 | 951 sqft | 2,350,000 | 2,471 | ||
| 22 Jun 202622 June 2026 | 929 sqft | 2,000,000 | 2,152 |
Al Majara Tower 1
Building188 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%
Other units on the 23rd floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 1-bed | 951 sqft | AED 1.18MAED 1,180,000 · Jun 2015June 2015 | 140,000 /yr | |
| 2302 | 3-bed | 2,057 sqft | AED 3.1MAED 3,100,000 · Jun 2008June 2008 | 230,000 /yr | |
| 2303 | 2-bed | 1,591 sqft | AED 1.9MAED 1,903,674 · Mar 2009March 2009 | 200,000 /yr | |
| 2304 | 2-bed | 1,324 sqft | AED 2.75MAED 2,750,000 · Mar 2025March 2025 | 165,000 /yr | |
| 2305 | 1-bed | 929 sqft | AED 840KAED 840,000 · Apr 2021April 2021 | 93,000 /yr | |
| 2307 | 2-bed | 1,338 sqft | AED 2.3MAED 2,300,000 · Mar 2016March 2016 |
2306, Al Majara Tower 1 in numbers
- Sold once: by Emaar on 30 April 2008 for AED 580,000, or AED 689 per sqft.
- Rented since June 2016 on 6 Ejari contracts, from AED 108,000 to AED 66,000 a year.
- At AED 66,000 a year the gross yield on the 2008 price is 11.4%, 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 1 December 2021.
Questions about 2306, Al Majara Tower 1
What did unit 2306 last sell for?
AED 580,000 on 30 April 2008, sold by the developer: AED 689 per sqft for 841 sqft. It is the only registered sale of the unit.
What is the rent for unit 2306?
AED 66,000 a year on the contract signed on 1 December 2021. The previous contract, from November 2020, was AED 60,000; the unit has been rented since June 2016.
How big is unit 2306?
841 sqft (78.1 sqm): a one-bedroom apartment on the 23rd floor of a 28-storey tower completed in 2006.
What is unit 2306 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 2306, Al Majara Tower 1
Starts from the last sale price (AED 580K, 30 April 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 580,000
- Deposit, UAE resident (20%)
- AED 116,000
- Deposit, non-resident (40%)
- AED 232,000
- Monthly over 25 years at 3.7%
- AED 2,373
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →