506, Al Majara Tower 1
Sold prices and rental history: sold once, by the developer in March 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Al Majara Tower 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 1 February 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 841 sqft
- Floor
- 5th of 28
- Parking
- 699
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 12,700 /yr
- Last sold
- AED 472K · March 2013
- Building
- Al Majara Tower 1
About 506, Al Majara Tower 1
506 is a one-bedroom apartment of 841 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 11 March 2013 for AED 472,000, or AED 561 per sqft, 44% below the AED 998 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 1 February 2022, is AED 70,000 a year: a gross yield of 14.8% on the 2013 price, before the service charge of about AED 12,700 a year.
Sales and rents for 506 over time
506 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 506 sits
All 75 1-beds →506 last sold in March 2013 at AED 561 per sqft, 44% below what one-beds in Al Majara Tower 1 were fetching at the time (AED 998). 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. 506's AED 70,000 is at the bottom 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 | |
| 505 | 1-bed | 929 sqft | AED 584KAED 584,000 · Mar 2010March 2010 | 80,000 /yr | |
| 507 | 2-bed | 1,338 sqft | AED 2.2MAED 2,200,000 · Jun 2023June 2023 | 280,000 /yr |
506, Al Majara Tower 1 in numbers
- Sold once: by Emaar on 11 March 2013 for AED 472,000, or AED 561 per sqft.
- Rented since February 2014 on 6 Ejari contracts, from AED 80,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2013 price is 14.8%, before a service charge of about AED 12,700 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 February 2022.
Questions about 506, Al Majara Tower 1
What did unit 506 last sell for?
AED 472,000 on 11 March 2013, sold by the developer: AED 561 per sqft for 841 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 70,000 a year on the contract renewed on 1 February 2022. The previous contract, from February 2021, was AED 65,000; the unit has been rented since February 2014.
How big is unit 506?
841 sqft (78.1 sqm): a one-bedroom apartment on the 5th floor of a 28-storey tower completed in 2006.
What is unit 506 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 506, Al Majara Tower 1
Starts from the last sale price (AED 472K, 11 March 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 472,000
- Deposit, UAE resident (20%)
- AED 94,400
- Deposit, non-resident (40%)
- AED 188,800
- Monthly over 25 years at 3.7%
- AED 1,931
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →