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3-bed · 2,287 sqftAl Majara Tower 1, Dubai Marina · 28th floor · completed 2006

2802, Al Majara Tower 1

Sold prices and rental history: sold 6 times, last in March 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2802 · DLD and Ejari recordsUpdated 19 March 2024
Last soldAED 4M19 March 2024
Current rentAED 180K /yr28 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2802, Al Majara Tower 1

What is 2802 worth today?

Last sold for AED 4,000,000 in 2024

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19 Mar 2024SoldReady
AED 4,000,000AED 1,749 per sqft
28 Dec 2022RentedRenewal
AED 180,000/yr12 months · AED 79 per sqft
28 Dec 2021RentedNew contract
AED 180,000/yr12 months · AED 79 per sqft
23 May 2019RentedNew contract
AED 175,000/yr12 months · AED 77 per sqft
7 Jan 2018RentedRenewal
AED 260,000/yr6 months · AED 114 per sqft
7 Jan 2017RentedNew contract
AED 260,000/yr12 months · AED 114 per sqft
8 Dec 2016SoldReady
AED 2,750,000AED 1,202 per sqft
7 Jan 2016RentedNew contract
AED 260,000/yr12 months · AED 114 per sqft

Source: Dubai Land Department. Updated 19 March 2024.

Key facts

Type
3-bed apartment
Size
2,287 sqft
Floor
28th of 28
Parking
574 , 575
Developer
Emaar
Completed
2006
Service charge
AED 34,600 /yr
Last sold
AED 4M · March 2024
Building
Al Majara Tower 1

About 2802, Al Majara Tower 1

2802 is a three-bedroom apartment of 2,287 sqft on the 28th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 19 March 2024 for AED 4,000,000, or AED 1,749 per sqft.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 28 December 2022, is AED 180,000 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 34,600 a year.

Sales and rents for 2802 over time

Sales
Unit 2802, each saleTypical three-bed in Al Majara Tower 1
2M4M2008201320182023Typical sale price by year: 2008 AED 1,739,750; 2009 AED 1,750,000; 2010 AED 1,427,222; 2011 AED 1,680,000; 2012 AED 2,550,000; 2013 AED 2,740,000; 2015 AED 3,300,000; 2016 AED 3,075,000; 2017 AED 1,430,000; 2019 AED 2,217,900; 2025 AED 4,250,000Sold, September 2012: AED 3,000,000 (AED 1,311 per sqft)Sold by developer, September 2012: AED 2,754,000 (AED 1,204 per sqft)Sold, April 2015: AED 3,300,000 (AED 1,442 per sqft)Sold, October 2015: AED 4,100,000 (AED 1,792 per sqft)Sold, December 2016: AED 2,750,000 (AED 1,202 per sqft)Sold, March 2024: AED 4,000,000 (AED 1,749 per sqft)

2802 has sold 6 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2802, each contractTypical three-bed in Al Majara Tower 1
150K200K250K2012201620202024Typical rent by year: 2012 AED 162,500; 2013 AED 171,625; 2014 AED 240,000; 2015 AED 245,000; 2016 AED 225,000; 2017 AED 222,500; 2018 AED 208,505; 2019 AED 175,000; 2020 AED 153,502; 2021 AED 155,000; 2022 AED 180,000; 2023 AED 200,000; 2024 AED 220,000; 2025 AED 230,000; 2026 AED 233,000New contract, January 2016: AED 260,000 a yearNew contract, January 2017: AED 260,000 a yearRenewal, January 2018: AED 260,000 a yearNew contract, May 2019: AED 175,000 a yearNew contract, December 2021: AED 180,000 a yearRenewal, December 2022: AED 180,000 a year

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

3-beds in Al Majara Tower 1, and where 2802 sits

All 36 3-beds →

Over the last 12 months three-beds sold for AED 3,500,000 to 4,600,000, around AED 1,980 per sqft, and rent for AED 184,000 to 300,000 a year. 2802's AED 180,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
24 Aug 20264,600,000
22 Jul 20263,500,000
27 Oct 20254,250,000
14 Feb 20254,300,000
2 3-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 28th floor

All 188 units in Al Majara Tower 1
Value
28013-bedAED 1.31M · Dec 2009
28032-bedAED 2.38M · Aug 2015
28043-bedAED 2.5M · Oct 2021

2802, Al Majara Tower 1 in numbers

  • Sold 6 times: first on 2 September 2012 for AED 2,754,000, last on 19 March 2024 for AED 4,000,000 (AED 1,749 per sqft).
  • Rented since January 2016 on 6 Ejari contracts, from AED 260,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 34,600 a year (AED 15.11 per sqft).
  • Three-beds in Al Majara Tower 1 sold for AED 3,500,000–4,600,000 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 19 March 2024.

Questions about 2802, Al Majara Tower 1

What did unit 2802 last sell for?

AED 4,000,000 on 19 March 2024: AED 1,749 per sqft for 2,287 sqft. The unit has 6 registered sales; the first was AED 2,754,000 in September 2012.

What is the rent for unit 2802?

AED 180,000 a year on the contract renewed on 28 December 2022. The previous contract, from December 2021, was AED 180,000; the unit has been rented since January 2016.

How big is unit 2802?

2,287 sqft (212.5 sqm): a three-bedroom apartment on the 28th floor of a 28-storey tower completed in 2006.

What is unit 2802 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Majara Tower 1 sold for AED 3,500,000 to 4,600,000 in the last 12 months, around AED 1,980 per sqft.

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Mortgage on 2802, Al Majara Tower 1

Starts from the last sale price (AED 4M, 19 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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