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2-bed · 1,884 sqftAl Majara Tower 1, Dubai Marina · Ground floor · completed 2006

G02, Al Majara Tower 1

Sold prices and rental history: sold twice, last in June 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G02 · DLD and Ejari recordsUpdated 19 July 2020
Last soldAED 1.48M22 June 2020
Current rentAED 125K /yr19 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G02, Al Majara Tower 1

What is G02 worth today?

Last sold for AED 1,475,000 in 2020

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19 Jul 2020RentedNew contract
AED 125,000/yr12 months · AED 66 per sqft
22 Jun 2020SoldReady
AED 1,475,000AED 782 per sqft
15 Aug 2019RentedNew contract
AED 129,000/yr12 months · AED 68 per sqft
11 Jan 2019RentedRenewal
AED 180,000/yr6 months · AED 96 per sqft
11 Jan 2018RentedRenewal
AED 180,000/yr12 months · AED 96 per sqft
11 Jan 2017RentedRenewal
AED 190,000/yr12 months · AED 101 per sqft
11 Jan 2016RentedRenewal
AED 190,000/yr12 months · AED 101 per sqft
11 Jan 2015RentedNew contract
AED 190,000/yr12 months · AED 101 per sqft

Source: Dubai Land Department. Updated 19 July 2020.

Key facts

Type
2-bed apartment
Size
1,884 sqft
Floor
Ground of 28
Parking
614
Developer
Emaar
Completed
2006
Service charge
AED 28,500 /yr
Last sold
AED 1.48M · June 2020
Building
Al Majara Tower 1

About G02, Al Majara Tower 1

G02 is a two-bedroom apartment of 1,884 sqft on the ground floor of Al Majara Tower 1, a 28-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 22 June 2020 for AED 1,475,000, or AED 782 per sqft, 14% below the AED 913 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 19 July 2020, is AED 125,000 a year: a gross yield of 8.5% on the 2020 price, before the service charge of about AED 28,500 a year.

Sales and rents for G02 over time

Sales
Unit G02, 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, June 2010: AED 623,944 (AED 331 per sqft)Sold, June 2020: AED 1,475,000 (AED 782 per sqft)

G02 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit G02, each contractTypical two-bed in Al Majara Tower 1
100K150K200K2012201620202024Typical 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 140,000New contract, December 2012: AED 160,000 a yearNew contract, January 2015: AED 190,000 a yearRenewal, January 2016: AED 190,000 a yearRenewal, January 2017: AED 190,000 a yearRenewal, January 2018: AED 180,000 a yearRenewal, January 2019: AED 180,000 a yearNew contract, August 2019: AED 129,000 a yearNew contract, July 2020: AED 125,000 a year

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 G02 sits

All 77 2-beds →

G02 last sold in June 2020 at AED 782 per sqft, 14% below what two-beds in Al Majara Tower 1 were fetching at the time (AED 913). 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. G02's AED 125,000 is in the lower half 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 ground floor

All 188 units in Al Majara Tower 1
Value
G033-bedAED 1.42M · Aug 2008
G041-bedAED 1.68M · Feb 2024

G02, Al Majara Tower 1 in numbers

  • Sold twice: first on 16 June 2010 for AED 623,944, last on 22 June 2020 for AED 1,475,000 (AED 782 per sqft).
  • Rented since December 2012 on 8 Ejari contracts, from AED 160,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2020 price is 8.5%, before a service charge of about AED 28,500 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 19 July 2020.

Questions about G02, Al Majara Tower 1

What did unit G02 last sell for?

AED 1,475,000 on 22 June 2020: AED 782 per sqft for 1,884 sqft. The unit has 2 registered sales; the first was AED 623,944 in June 2010.

What is the rent for unit G02?

AED 125,000 a year on the contract signed on 19 July 2020. The previous contract, from August 2019, was AED 129,000; the unit has been rented since December 2012.

How big is unit G02?

1,884 sqft (175.0 sqm): a two-bedroom apartment on the ground floor of a 28-storey tower completed in 2006.

What is unit G02 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 G02, Al Majara Tower 1

Starts from the last sale price (AED 1.48M, 22 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,475,000
Deposit, UAE resident (20%)
AED 295,000
Deposit, non-resident (40%)
AED 590,000
Monthly over 25 years at 3.7%
AED 6,035

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