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1-bed · 1,071 sqftAl Majara Tower 1, Dubai Marina · Ground floor · completed 2006

G04, Al Majara Tower 1

Sold prices and rental history: sold 4 times, last in February 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G04 · DLD and Ejari recordsUpdated 8 February 2024
Last soldAED 1.68M8 February 2024
Current rentAED 70K /yr20 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G04, Al Majara Tower 1

What is G04 worth today?

Last sold for AED 1,676,732 in 2024

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8 Feb 2024SoldReady
AED 1,676,732AED 1,565 per sqft
20 Aug 2023RentedRenewal
AED 69,560/yr4 months · AED 65 per sqft
20 Aug 2022RentedRenewal
AED 66,000/yr12 months · AED 62 per sqft
20 Aug 2021RentedRenewal
AED 60,000/yr12 months · AED 56 per sqft
20 Aug 2020RentedRenewal
AED 52,500/yr12 months · AED 49 per sqft
20 Aug 2019RentedNew contract
AED 75,000/yr12 months · AED 70 per sqft
29 Oct 2018RentedNew contract
AED 85,000/yr12 months · AED 79 per sqft
23 Oct 2013RentedNew contract
AED 85,000/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 8 February 2024.

Key facts

Type
1-bed apartment
Size
1,071 sqft
Floor
Ground of 28
Parking
154
Developer
Emaar
Completed
2006
Service charge
AED 16,200 /yr
Last sold
AED 1.68M · February 2024
Building
Al Majara Tower 1

About G04, Al Majara Tower 1

G04 is a one-bedroom apartment of 1,071 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 8 February 2024 for AED 1,676,732, or AED 1,565 per sqft, 4% below the AED 1,632 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 20 August 2023, is AED 69,560 a year: a gross yield of 4.2% on the 2024 price, before the service charge of about AED 16,200 a year.

Sales and rents for G04 over time

Sales
Unit G04, 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, July 2008: AED 565,800 (AED 528 per sqft)Sold, June 2009: AED 850,000 (AED 793 per sqft)Sold, January 2011: AED 840,000 (AED 784 per sqft)Sold, February 2024: AED 1,676,732 (AED 1,565 per sqft)

G04 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit G04, each contractTypical one-bed in Al Majara Tower 1
50K100K2012201620202024Typical 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 100,000New contract, October 2013: AED 85,000 a yearNew contract, October 2018: AED 85,000 a yearNew contract, August 2019: AED 75,000 a yearRenewal, August 2020: AED 52,500 a yearRenewal, August 2021: AED 60,000 a yearRenewal, August 2022: AED 66,000 a yearRenewal, August 2023: AED 69,560 a year

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 G04 sits

All 75 1-beds →

G04 last sold in February 2024 at AED 1,565 per sqft, 4% below what one-beds in Al Majara Tower 1 were fetching at the time (AED 1,632). 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. G04's AED 69,560 is at the bottom of that range.

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 ground floor

All 188 units in Al Majara Tower 1
Value
G022-bedAED 1.48M · Jun 2020
G033-bedAED 1.42M · Aug 2008

G04, Al Majara Tower 1 in numbers

  • Sold 4 times: first on 10 July 2008 for AED 565,800, last on 8 February 2024 for AED 1,676,732 (AED 1,565 per sqft).
  • Rented since October 2013 on 7 Ejari contracts. The rent fell from AED 85,000 to AED 52,500 in 2020 and recovered to AED 69,560 by August 2023.
  • At AED 69,560 a year the gross yield on the 2024 price is 4.2%, before a service charge of about AED 16,200 a year (AED 15.11 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 8 February 2024.

Questions about G04, Al Majara Tower 1

What did unit G04 last sell for?

AED 1,676,732 on 8 February 2024: AED 1,565 per sqft for 1,071 sqft. The unit has 4 registered sales; the first was AED 565,800 in July 2008.

What is the rent for unit G04?

AED 69,560 a year on the contract renewed on 20 August 2023. The previous contract, from August 2022, was AED 66,000; the unit has been rented since October 2013.

How big is unit G04?

1,071 sqft (99.5 sqm): a one-bedroom apartment on the ground floor of a 28-storey tower completed in 2006.

What is unit G04 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 G04, Al Majara Tower 1

Starts from the last sale price (AED 1.68M, 8 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,676,732
Deposit, UAE resident (20%)
AED 335,346
Deposit, non-resident (40%)
AED 670,693
Monthly over 25 years at 3.7%
AED 6,860

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