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2-bed · 1,324 sqftAl Majara Tower 1, Dubai Marina · 7th floor · completed 2006

704, Al Majara Tower 1

Sold prices and rental history: sold twice, last in April 2013, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 26 July 2017
Last soldAED 2.05M16 April 2013
Current rentAED 25K /yr26 July 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, Al Majara Tower 1

What is 704 worth today?

Last sold for AED 2,050,000 in 2013

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26 Jul 2017RentedRenewal · flagged as an outlier
AED 25,000/yr36 months · AED 19 per sqft
26 Jul 2016RentedNew contract · flagged as an outlier
AED 25,000/yr12 months · AED 19 per sqft
16 Apr 2013SoldReady
AED 2,050,000AED 1,548 per sqft
1 Jul 2010Sold by developerReady
AED 920,000AED 694 per sqft

Source: Dubai Land Department. Updated 26 July 2017.

Key facts

Type
2-bed apartment
Size
1,324 sqft
Floor
7th of 28
Parking
32
Developer
Emaar
Completed
2006
Service charge
AED 20,000 /yr
Last sold
AED 2.05M · April 2013
Building
Al Majara Tower 1

About 704, Al Majara Tower 1

704 is a two-bedroom apartment of 1,324 sqft on the 7th floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 16 April 2013 for AED 2,050,000, or AED 1,548 per sqft, 40% above the AED 1,108 two-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, renewed on 26 July 2017, is AED 25,000 a year: a gross yield of 1.2% on the 2013 price, before the service charge of about AED 20,000 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical two-bed in Al Majara Tower 1
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,480,000; 2009 AED 1,195,000; 2010 AED 1,087,500; 2011 AED 1,231,974; 2012 AED 1,300,000; 2013 AED 1,887,500; 2014 AED 2,350,000; 2015 AED 2,150,000; 2016 AED 1,830,000; 2017 AED 1,870,000; 2018 AED 2,045,000; 2019 AED 700,000; 2020 AED 1,212,500; 2021 AED 1,455,000; 2022 AED 1,800,000; 2023 AED 2,200,000; 2024 AED 2,300,000; 2025 AED 2,806,229; 2026 AED 2,625,000Sold by developer, July 2010: AED 920,000 (AED 694 per sqft)Sold, April 2013: AED 2,050,000 (AED 1,548 per sqft)

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

Rents
Unit 704, each contractTypical two-bed in Al Majara Tower 1
100K150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 137,348; 2014 AED 152,000; 2015 AED 156,000; 2016 AED 150,000; 2017 AED 147,000; 2018 AED 135,000; 2019 AED 119,800; 2020 AED 100,000; 2021 AED 99,750; 2022 AED 110,000; 2023 AED 130,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 140,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Al Majara Tower 1, and where 704 sits

All 77 2-beds →

704 last sold in April 2013 at AED 1,548 per sqft, 40% above what two-beds in Al Majara Tower 1 were fetching at the time (AED 1,108). Over the last 12 months two-beds sold for AED 2,043,546 to 3,050,000, around AED 1,831 per sqft, and rent for AED 100,000 to 280,000 a year. 704's AED 25,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Oct 20262,800,000
13 Jul 20262,043,546
4 Jun 20262,450,000
1 May 20263,050,000
5 2-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
7011-bedAED 630K · Sep 2011
7023-bedAED 1.36M · Oct 2008
7032-bedAED 2.9M · Dec 2025
7051-bedAED 600K · Jun 2009
7061-bedAED 800K · Sep 2010
7072-bedAED 750K · Jul 2010

704, Al Majara Tower 1 in numbers

  • Sold twice: first on 1 July 2010 for AED 920,000, last on 16 April 2013 for AED 2,050,000 (AED 1,548 per sqft).
  • Rented since July 2016 on 2 Ejari contracts, at AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2013 price is 1.2%, before a service charge of about AED 20,000 a year (AED 15.11 per sqft).
  • Two-beds in Al Majara Tower 1 sold for AED 2,043,546–3,050,000 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 26 July 2017.

Questions about 704, Al Majara Tower 1

What did unit 704 last sell for?

AED 2,050,000 on 16 April 2013: AED 1,548 per sqft for 1,324 sqft. The unit has 2 registered sales; the first was AED 920,000 in July 2010.

What is the rent for unit 704?

AED 25,000 a year on the contract renewed on 26 July 2017. The previous contract, from July 2016, was AED 25,000.

How big is unit 704?

1,324 sqft (123.0 sqm): a two-bedroom apartment on the 7th floor of a 28-storey tower completed in 2006.

What is unit 704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Majara Tower 1 sold for AED 2,043,546 to 3,050,000 in the last 12 months, around AED 1,831 per sqft.

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Mortgage on 704, Al Majara Tower 1

Starts from the last sale price (AED 2.05M, 16 April 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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