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1-bed · 951 sqftAl Majara Tower 1, Dubai Marina · 7th floor · completed 2006

701, Al Majara Tower 1

Sold prices and rental history: sold once, by the developer in September 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 18 September 2011
Last soldAED 630K18 September 2011
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, Al Majara Tower 1

What is 701 worth today?

Last sold for AED 630,000 in 2011

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18 Sep 2011Sold by developerReady
AED 630,000AED 662 per sqft

Source: Dubai Land Department. Updated 18 September 2011.

Key facts

Type
1-bed apartment
Size
951 sqft
Floor
7th of 28
Parking
34
Developer
Emaar
Completed
2006
Service charge
AED 14,400 /yr
Last sold
AED 630K · September 2011
Building
Al Majara Tower 1

About 701, Al Majara Tower 1

701 is a one-bedroom apartment of 951 sqft on the 7th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 18 September 2011 for AED 630,000, or AED 662 per sqft, 21% below the AED 840 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical one-bed in Al Majara Tower 1
1M2M2008201320182023Typical sale price by year: 2008 AED 757,368; 2009 AED 474,000; 2010 AED 650,500; 2011 AED 734,750; 2012 AED 875,000; 2013 AED 1,175,000; 2014 AED 1,537,500; 2015 AED 1,200,000; 2016 AED 1,275,000; 2017 AED 1,500,000; 2018 AED 1,450,000; 2020 AED 800,000; 2021 AED 956,500; 2022 AED 1,262,500; 2023 AED 1,500,000; 2024 AED 1,567,500; 2025 AED 1,857,500; 2026 AED 1,900,000Sold by developer, September 2011: AED 630,000 (AED 662 per sqft)

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

Rents
Unit 701, each contractTypical one-bed in Al Majara Tower 1
75K100K2012201620202024Typical rent by year: 2012 AED 81,000; 2013 AED 87,500; 2014 AED 100,000; 2015 AED 115,000; 2016 AED 111,151; 2017 AED 110,000; 2018 AED 95,000; 2019 AED 90,000; 2020 AED 70,000; 2021 AED 72,000; 2022 AED 80,300; 2023 AED 93,000; 2024 AED 104,500; 2025 AED 102,000; 2026 AED 100,000

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 701 sits

All 75 1-beds →

701 last sold in September 2011 at AED 662 per sqft, 21% below what one-beds in Al Majara Tower 1 were fetching at the time (AED 840). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Sep 20261,675,000
3 Aug 20261,620,000
15 Jul 20262,350,000
22 Jun 20262,000,000
5 1-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 7th floor

All 188 units in Al Majara Tower 1
Value
7023-bedAED 1.36M · Oct 2008
7032-bedAED 2.9M · Dec 2025
7042-bedAED 2.05M · Apr 2013
7051-bedAED 600K · Jun 2009
7061-bedAED 800K · Sep 2010
7072-bedAED 750K · Jul 2010

701, Al Majara Tower 1 in numbers

  • Sold once: by Emaar on 18 September 2011 for AED 630,000, or AED 662 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 18 September 2011.

Questions about 701, Al Majara Tower 1

What did unit 701 last sell for?

AED 630,000 on 18 September 2011, sold by the developer: AED 662 per sqft for 951 sqft. It is the only registered sale of the unit.

How big is unit 701?

951 sqft (88.4 sqm): a one-bedroom apartment on the 7th floor of a 28-storey tower completed in 2006.

What is unit 701 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 701, Al Majara Tower 1

Starts from the last sale price (AED 630K, 18 September 2011). Switch to today's estimate once you have unlocked it.
Price
AED 630,000
Deposit, UAE resident (20%)
AED 126,000
Deposit, non-resident (40%)
AED 252,000
Monthly over 25 years at 3.7%
AED 2,578

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