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2-bed · 1,591 sqftAl Majara Tower 1, Dubai Marina · 24th floor · completed 2006

2403, Al Majara Tower 1

Sold prices and rental history: sold 3 times, last in June 2018, and rented once, from April 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2403 · DLD and Ejari recordsUpdated 6 June 2018
Last soldAED 2.6M6 June 2018
Current rentAED 153K /yr1 April 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2403, Al Majara Tower 1

What is 2403 worth today?

Last sold for AED 2,600,000 in 2018

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6 Jun 2018SoldReady
AED 2,600,000AED 1,634 per sqft
10 Jul 2016SoldReady
AED 2,500,000AED 1,571 per sqft
1 Apr 2014RentedNew contract
AED 152,911/yr12 months · AED 96 per sqft
9 Aug 2010Sold by developerReady
AED 1,075,000AED 675 per sqft

Source: Dubai Land Department. Updated 6 June 2018.

Key facts

Type
2-bed apartment
Size
1,591 sqft
Floor
24th of 28
Parking
523
Developer
Emaar
Completed
2006
Service charge
AED 24,000 /yr
Last sold
AED 2.6M · June 2018
Building
Al Majara Tower 1

About 2403, Al Majara Tower 1

2403 is a two-bedroom apartment of 1,591 sqft on the 24th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 6 June 2018 for AED 2,600,000, or AED 1,634 per sqft, 16% above the AED 1,405 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2014. The current contract, signed on 1 April 2014, is AED 152,911 a year: a gross yield of 5.9% on the 2018 price, before the service charge of about AED 24,000 a year.

Sales and rents for 2403 over time

Sales
Unit 2403, 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, August 2010: AED 1,075,000 (AED 675 per sqft)Sold, July 2016: AED 2,500,000 (AED 1,571 per sqft)Sold, June 2018: AED 2,600,000 (AED 1,634 per sqft)

2403 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2403, 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, April 2014: AED 152,911 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 2403 sits

All 77 2-beds →

2403 last sold in June 2018 at AED 1,634 per sqft, 16% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,405). 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. 2403's AED 152,911 is in the lower 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 24th floor

All 188 units in Al Majara Tower 1
Value
24011-bedAED 1.8M · Sep 2017
24023-bedAED 1.97M · Jul 2016
24042-bedAED 1.09M · Jul 2013
24051-bedAED 368K · Jun 2010
24061-bedAED 293K · May 2010
24072-bedAED 3.05M · May 2026

2403, Al Majara Tower 1 in numbers

  • Sold 3 times: first on 9 August 2010 for AED 1,075,000, last on 6 June 2018 for AED 2,600,000 (AED 1,634 per sqft).
  • Rented since April 2014 on one Ejari contract, at AED 152,911 a year.
  • At AED 152,911 a year the gross yield on the 2018 price is 5.9%, 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 6 June 2018.

Questions about 2403, Al Majara Tower 1

What did unit 2403 last sell for?

AED 2,600,000 on 6 June 2018: AED 1,634 per sqft for 1,591 sqft. The unit has 3 registered sales; the first was AED 1,075,000 in August 2010.

What is the rent for unit 2403?

AED 152,911 a year on the contract signed on 1 April 2014.

How big is unit 2403?

1,591 sqft (147.8 sqm): a two-bedroom apartment on the 24th floor of a 28-storey tower completed in 2006.

What is unit 2403 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 2403, Al Majara Tower 1

Starts from the last sale price (AED 2.6M, 6 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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