504, Al Majara Tower 1
Sold prices and rental history: sold 4 times, last in June 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 504, Al Majara Tower 1
What is 504 worth today?
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Source: Dubai Land Department. Updated 28 June 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,324 sqft
- Floor
- 5th of 28
- Parking
- 697
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 20,000 /yr
- Last sold
- AED 1.71M · June 2022
- Building
- Al Majara Tower 1
About 504, Al Majara Tower 1
504 is a two-bedroom apartment of 1,324 sqft on the 5th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 28 June 2022 for AED 1,710,000, or AED 1,291 per sqft, in line with the AED 1,270 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 12 August 2021, is AED 90,000 a year: a gross yield of 5.3% on the 2022 price, before the service charge of about AED 20,000 a year.
Sales and rents for 504 over time
504 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 504 sits
All 77 2-beds →504 last sold in June 2022 at AED 1,291 per sqft, in line with what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,270). 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. 504's AED 90,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Oct 20266 October 2026 | 1,324 sqft | 2,800,000 | 2,114 | ||
| 13 Jul 202613 July 2026 | 1,338 sqft | 2,043,546 | 1,527 | ||
| 4 Jun 20264 June 2026 | 1,338 sqft | 2,450,000 | 1,831 | ||
| 1 May 20261 May 2026 | 1,338 sqft | 3,050,000 | 2,279 |
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 5th floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 951 sqft | AED 614KAED 614,000 · Sep 2008September 2008 | 137,000 /yr | |
| 502 | 3-bed | 2,057 sqft | AED 3MAED 3,000,000 · Mar 2023March 2023 | 220,000 /yr | |
| 503 | 2-bed | 1,591 sqft | AED 1.23MAED 1,228,888 · May 2008May 2008 | ||
| 505 | 1-bed | 929 sqft | AED 584KAED 584,000 · Mar 2010March 2010 | 80,000 /yr | |
| 506 | 1-bed | 841 sqft | AED 472KAED 472,000 · Mar 2013March 2013 | 70,000 /yr | |
| 507 | 2-bed | 1,338 sqft | AED 2.2MAED 2,200,000 · Jun 2023June 2023 | 280,000 /yr |
504, Al Majara Tower 1 in numbers
- Sold 4 times: first on 23 October 2008 for AED 1,480,000, last on 28 June 2022 for AED 1,710,000 (AED 1,291 per sqft).
- Rented since March 2013 on 7 Ejari contracts, from AED 122,000 to AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2022 price is 5.3%, before a service charge of about AED 20,000 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 28 June 2022.
Questions about 504, Al Majara Tower 1
What did unit 504 last sell for?
AED 1,710,000 on 28 June 2022: AED 1,291 per sqft for 1,324 sqft. The unit has 4 registered sales; the first was AED 1,480,000 in October 2008.
What is the rent for unit 504?
AED 90,000 a year on the contract renewed on 12 August 2021. The previous contract, from August 2020, was AED 90,000; the unit has been rented since March 2013.
How big is unit 504?
1,324 sqft (123.0 sqm): a two-bedroom apartment on the 5th floor of a 28-storey tower completed in 2006.
What is unit 504 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 504, Al Majara Tower 1
Starts from the last sale price (AED 1.71M, 28 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,710,000
- Deposit, UAE resident (20%)
- AED 342,000
- Deposit, non-resident (40%)
- AED 684,000
- Monthly over 25 years at 3.7%
- AED 6,996
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →