505, Al Majara Tower 1
Sold prices and rental history: sold once, by the developer in March 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Al Majara Tower 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 1 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 929 sqft
- Floor
- 5th of 28
- Parking
- 698
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 14,000 /yr
- Last sold
- AED 584K · March 2010
- Building
- Al Majara Tower 1
About 505, Al Majara Tower 1
505 is a one-bedroom apartment of 929 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 March 2010 for AED 584,000, or AED 628 per sqft, in line with the AED 645 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 1 March 2024, is AED 80,000 a year: a gross yield of 13.7% on the 2010 price, before the service charge of about AED 14,000 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Al Majara Tower 1, and where 505 sits
All 75 1-beds →505 last sold in March 2010 at AED 628 per sqft, in line with what one-beds in Al Majara Tower 1 were fetching at the time (AED 645). Over the last 12 months one-beds sold for AED 1,620,000 to 2,350,000, around AED 2,045 per sqft, and rent for AED 70,000 to 150,000 a year. 505's AED 80,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Sep 202611 September 2026 | 841 sqft | 1,675,000 | 1,991 | ||
| 3 Aug 20263 August 2026 | 929 sqft | 1,620,000 | 1,743 | ||
| 15 Jul 202615 July 2026 | 951 sqft | 2,350,000 | 2,471 | ||
| 22 Jun 202622 June 2026 | 929 sqft | 2,000,000 | 2,152 |
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 | ||
| 504 | 2-bed | 1,324 sqft | AED 1.71MAED 1,710,000 · Jun 2022June 2022 | 90,000 /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 |
505, Al Majara Tower 1 in numbers
- Sold once: by Emaar on 21 March 2010 for AED 584,000, or AED 628 per sqft.
- Rented since March 2015 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 72,000 in 2021 and recovered to AED 80,000 by March 2024.
- At AED 80,000 a year the gross yield on the 2010 price is 13.7%, before a service charge of about AED 14,000 a year (AED 15.11 per sqft).
- One-beds in Al Majara Tower 1 sold for AED 1,620,000–2,350,000 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 1 March 2024.
Questions about 505, Al Majara Tower 1
What did unit 505 last sell for?
AED 584,000 on 21 March 2010, sold by the developer: AED 628 per sqft for 929 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 80,000 a year on the contract signed on 1 March 2024. The previous contract, from March 2023, was AED 80,000; the unit has been rented since March 2015.
How big is unit 505?
929 sqft (86.3 sqm): a one-bedroom apartment on the 5th floor of a 28-storey tower completed in 2006.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Majara Tower 1 sold for AED 1,620,000 to 2,350,000 in the last 12 months, around AED 2,045 per sqft.
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Mortgage on 505, Al Majara Tower 1
Starts from the last sale price (AED 584K, 21 March 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 584,000
- Deposit, UAE resident (20%)
- AED 116,800
- Deposit, non-resident (40%)
- AED 233,600
- Monthly over 25 years at 3.7%
- AED 2,389
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →