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3-bed · 2,057 sqftAl Majara Tower 1, Dubai Marina · 6th floor · completed 2006

602, Al Majara Tower 1

Sold prices and rental history: sold twice, last in December 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 16 December 2020
Last soldAED 2.55M16 December 2020
Current rentAED 152K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, Al Majara Tower 1

What is 602 worth today?

Last sold for AED 2,550,000 in 2020

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16 Dec 2020SoldReady
AED 2,550,000AED 1,239 per sqft
1 Jun 2020RentedNew contract
AED 152,004/yr7 months · AED 74 per sqft
21 Jan 2020RentedRenewal
AED 163,000/yr6 months · AED 79 per sqft
21 Jul 2019RentedNew contract
AED 170,000/yr6 months · AED 83 per sqft
21 Jan 2016RentedRenewal
AED 170,000/yr12 months · AED 83 per sqft
21 Jan 2015RentedRenewal
AED 165,000/yr12 months · AED 80 per sqft
21 Jan 2014RentedRenewal
AED 155,000/yr12 months · AED 75 per sqft
20 Jan 2013RentedNew contract
AED 155,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 16 December 2020.

Key facts

Type
3-bed apartment
Size
2,057 sqft
Floor
6th of 28
Parking
291 , 292
Developer
Emaar
Completed
2006
Service charge
AED 31,100 /yr
Last sold
AED 2.55M · December 2020
Building
Al Majara Tower 1

About 602, Al Majara Tower 1

602 is a three-bedroom apartment of 2,057 sqft on the 6th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 16 December 2020 for AED 2,550,000, or AED 1,239 per sqft.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 June 2020, is AED 152,004 a year: a gross yield of 6.0% on the 2020 price, before the service charge of about AED 31,100 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical three-bed in Al Majara Tower 1
2M4M2007201220172022Typical 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 by developer, December 2007: AED 673,000 (AED 327 per sqft)Sold, December 2020: AED 2,550,000 (AED 1,239 per sqft)

602 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 602, 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 2013: AED 155,000 a yearRenewal, January 2014: AED 155,000 a yearRenewal, January 2015: AED 165,000 a yearRenewal, January 2016: AED 170,000 a yearNew contract, July 2019: AED 170,000 a yearRenewal, January 2020: AED 163,000 a yearNew contract, June 2020: AED 152,004 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 602 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. 602's AED 152,004 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 6th floor

All 188 units in Al Majara Tower 1
Value
6011-bedAED 1.55M · Mar 2023
6032-bedAED 2.9M · Jul 2025
6042-bedAED 2.28M · Aug 2024
6051-bedAED 825K · Feb 2012
6061-bedAED 1.55M · Aug 2024
6072-bedAED 1.75M · Nov 2022

602, Al Majara Tower 1 in numbers

  • Sold twice: first on 25 December 2007 for AED 673,000, last on 16 December 2020 for AED 2,550,000 (AED 1,239 per sqft).
  • Rented since January 2013 on 7 Ejari contracts, from AED 155,000 to AED 152,004 a year.
  • At AED 152,004 a year the gross yield on the 2020 price is 6.0%, before a service charge of about AED 31,100 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 16 December 2020.

Questions about 602, Al Majara Tower 1

What did unit 602 last sell for?

AED 2,550,000 on 16 December 2020: AED 1,239 per sqft for 2,057 sqft. The unit has 2 registered sales; the first was AED 673,000 in December 2007.

What is the rent for unit 602?

AED 152,004 a year on the contract signed on 1 June 2020. The previous contract, from January 2020, was AED 163,000; the unit has been rented since January 2013.

How big is unit 602?

2,057 sqft (191.1 sqm): a three-bedroom apartment on the 6th floor of a 28-storey tower completed in 2006.

What is unit 602 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 602, Al Majara Tower 1

Starts from the last sale price (AED 2.55M, 16 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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