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2-bed · 1,338 sqftAl Majara Tower 1, Dubai Marina · 23rd floor · completed 2006

2307, Al Majara Tower 1

Sold prices and rental history: sold twice, last in March 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2307 · DLD and Ejari recordsUpdated 14 March 2016
Last soldAED 2.3M14 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2307, Al Majara Tower 1

What is 2307 worth today?

Last sold for AED 2,300,000 in 2016

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14 Mar 2016SoldReady
AED 2,300,000AED 1,719 per sqft
19 Nov 2008Sold by developerReady
AED 998,500AED 746 per sqft

Source: Dubai Land Department. Updated 14 March 2016.

Key facts

Type
2-bed apartment
Size
1,338 sqft
Floor
23rd of 28
Parking
527
Developer
Emaar
Completed
2006
Service charge
AED 20,200 /yr
Last sold
AED 2.3M · March 2016
Building
Al Majara Tower 1

About 2307, Al Majara Tower 1

2307 is a two-bedroom apartment of 1,338 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 14 March 2016 for AED 2,300,000, or AED 1,719 per sqft, 10% above the AED 1,565 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2307 over time

Sales
Unit 2307, 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 998,500 (AED 746 per sqft)Sold, March 2016: AED 2,300,000 (AED 1,719 per sqft)

2307 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2307, 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 140,000

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 2307 sits

All 77 2-beds →

2307 last sold in March 2016 at AED 1,719 per sqft, 10% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,565). 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.

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
23032-bedAED 1.9M · Mar 2009
23042-bedAED 2.75M · Mar 2025
23051-bedAED 840K · Apr 2021
23061-bedAED 580K · Apr 2008

2307, Al Majara Tower 1 in numbers

  • Sold twice: first on 19 November 2008 for AED 998,500, last on 14 March 2016 for AED 2,300,000 (AED 1,719 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 14 March 2016.

Questions about 2307, Al Majara Tower 1

What did unit 2307 last sell for?

AED 2,300,000 on 14 March 2016: AED 1,719 per sqft for 1,338 sqft. The unit has 2 registered sales; the first was AED 998,500 in November 2008.

How big is unit 2307?

1,338 sqft (124.3 sqm): a two-bedroom apartment on the 23rd floor of a 28-storey tower completed in 2006.

What is unit 2307 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 2307, Al Majara Tower 1

Starts from the last sale price (AED 2.3M, 14 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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