702, Al Majara Tower 1
Sold prices and rental history: sold once, by the developer in October 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Al Majara Tower 1
What is 702 worth today?
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Source: Dubai Land Department. Updated 9 April 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,057 sqft
- Floor
- 7th of 28
- Parking
- 224 , 230
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 31,100 /yr
- Last sold
- AED 1.36M · October 2008
- Building
- Al Majara Tower 1
About 702, Al Majara Tower 1
702 is a three-bedroom apartment of 2,057 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 29 October 2008 for AED 1,358,000, or AED 660 per sqft, 23% below the AED 858 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 15 Ejari contracts. The current contract, renewed on 9 April 2026, is AED 231,000 a year: a gross yield of 17.0% on the 2008 price, before the service charge of about AED 31,100 a year.
Sales and rents for 702 over time
702 has sold once; the dashed line is the three-bed median of each year in the building.
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 702 sits
All 36 3-beds →702 last sold in October 2008 at AED 660 per sqft, 23% below what three-beds in Al Majara Tower 1 were fetching at the time (AED 858). 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. 702's AED 231,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Aug 202624 August 2026 | 2,513 sqft | 4,600,000 | 1,830 | ||
| 22 Jul 202622 July 2026 | 1,643 sqft | 3,500,000 | 2,130 | ||
| 27 Oct 202527 October 2025 | 2,057 sqft | 4,250,000 | 2,066 | ||
| 14 Feb 202514 February 2025 | 2,057 sqft | 4,300,000 | 2,090 |
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 7th floor
All 188 units in Al Majara Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 951 sqft | AED 630KAED 630,000 · Sep 2011September 2011 | ||
| 703 | 2-bed | 1,591 sqft | AED 2.9MAED 2,900,000 · Dec 2025December 2025 | 140,000 /yr | |
| 704 | 2-bed | 1,324 sqft | AED 2.05MAED 2,050,000 · Apr 2013April 2013 | 25,000 /yr | |
| 705 | 1-bed | 929 sqft | AED 600KAED 600,000 · Jun 2009June 2009 | 78,100 /yr | |
| 706 | 1-bed | 841 sqft | AED 800KAED 800,000 · Sep 2010September 2010 | 110,000 /yr | |
| 707 | 2-bed | 1,338 sqft | AED 750KAED 750,000 · Jul 2010July 2010 | 150,000 /yr |
702, Al Majara Tower 1 in numbers
- Sold once: by Emaar on 29 October 2008 for AED 1,358,000, or AED 660 per sqft.
- Rented since June 2012 on 15 Ejari contracts. The rent fell from AED 165,000 to AED 135,000 in 2021 and recovered to AED 231,000 by April 2026.
- At AED 231,000 a year the gross yield on the 2008 price is 17.0%, 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 9 April 2026.
Questions about 702, Al Majara Tower 1
What did unit 702 last sell for?
AED 1,358,000 on 29 October 2008, sold by the developer: AED 660 per sqft for 2,057 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 231,000 a year on the contract renewed on 9 April 2026. The previous contract, from August 2025, was AED 220,000; the unit has been rented since June 2012.
How big is unit 702?
2,057 sqft (191.1 sqm): a three-bedroom apartment on the 7th floor of a 28-storey tower completed in 2006.
What is unit 702 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 702, Al Majara Tower 1
Starts from the last sale price (AED 1.36M, 29 October 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,358,000
- Deposit, UAE resident (20%)
- AED 271,600
- Deposit, non-resident (40%)
- AED 543,200
- Monthly over 25 years at 3.7%
- AED 5,556
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →