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2-bed · 1,591 sqftAl Majara Tower 1, Dubai Marina · 5th floor · completed 2006

503, Al Majara Tower 1

Sold prices and rental history: sold once, by the developer in May 2008, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 21 May 2008
Last soldAED 1.23M21 May 2008
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Al Majara Tower 1

What is 503 worth today?

Last sold for AED 1,228,888 in 2008

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21 May 2008Sold by developerReady
AED 1,228,888AED 772 per sqft

Source: Dubai Land Department. Updated 21 May 2008.

Key facts

Type
2-bed apartment
Size
1,591 sqft
Floor
5th of 28
Parking
696
Developer
Emaar
Completed
2006
Service charge
AED 24,000 /yr
Last sold
AED 1.23M · May 2008
Building
Al Majara Tower 1

About 503, Al Majara Tower 1

503 is a two-bedroom apartment of 1,591 sqft on the 5th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 21 May 2008 for AED 1,228,888, or AED 772 per sqft, 18% below the AED 939 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 503 over time

Sales
Unit 503, 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, May 2008: AED 1,228,888 (AED 772 per sqft)

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

Rents
Unit 503, 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 503 sits

All 77 2-beds →

503 last sold in May 2008 at AED 772 per sqft, 18% below what two-beds in Al Majara Tower 1 were fetching at the time (AED 939). 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 5th floor

All 188 units in Al Majara Tower 1
Value
5011-bedAED 614K · Sep 2008
5023-bedAED 3M · Mar 2023
5042-bedAED 1.71M · Jun 2022
5051-bedAED 584K · Mar 2010
5061-bedAED 472K · Mar 2013
5072-bedAED 2.2M · Jun 2023

503, Al Majara Tower 1 in numbers

  • Sold once: by Emaar on 21 May 2008 for AED 1,228,888, or AED 772 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 21 May 2008.

Questions about 503, Al Majara Tower 1

What did unit 503 last sell for?

AED 1,228,888 on 21 May 2008, sold by the developer: AED 772 per sqft for 1,591 sqft. It is the only registered sale of the unit.

How big is unit 503?

1,591 sqft (147.8 sqm): a two-bedroom apartment on the 5th floor of a 28-storey tower completed in 2006.

What is unit 503 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 503, Al Majara Tower 1

Starts from the last sale price (AED 1.23M, 21 May 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,228,888
Deposit, UAE resident (20%)
AED 245,778
Deposit, non-resident (40%)
AED 491,555
Monthly over 25 years at 3.7%
AED 5,028

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