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2-bed · 1,303 sqftAl Majara Tower 2, Dubai Marina · 10th floor · completed 2006

1008, Al Majara Tower 2

Sold prices and rental history: sold 3 times, last in August 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 12 August 2014
Last soldAED 3M12 August 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1008, Al Majara Tower 2

What is 1008 worth today?

Last sold for AED 3,000,000 in 2014

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12 Aug 2014SoldReady
AED 3,000,000AED 2,302 per sqft
23 Mar 2008Sold by developerReady
AED 1,883,500AED 1,445 per sqft
23 Mar 2008SoldReady
AED 2,193,000AED 1,683 per sqft

Source: Dubai Land Department. Updated 12 August 2014.

Key facts

Type
2-bed apartment
Size
1,303 sqft
Floor
10th of 31
Parking
611
Developer
Emaar
Completed
2006
Service charge
AED 19,700 /yr
Last sold
AED 3M · August 2014
Building
Al Majara Tower 2

About 1008, Al Majara Tower 2

1008 is a two-bedroom apartment of 1,303 sqft on the 10th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 12 August 2014 for AED 3,000,000, or AED 2,302 per sqft, 24% above the AED 1,859 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical two-bed in Al Majara Tower 2
2M4M2008201320182023Typical sale price by year: 2008 AED 1,600,000; 2009 AED 1,287,500; 2010 AED 931,888; 2011 AED 1,279,300; 2012 AED 1,712,500; 2013 AED 2,200,000; 2014 AED 2,650,000; 2015 AED 1,950,000; 2016 AED 2,350,000; 2017 AED 2,525,000; 2018 AED 2,266,250; 2019 AED 1,750,000; 2020 AED 1,750,000; 2021 AED 1,940,000; 2022 AED 2,217,500; 2023 AED 2,675,000; 2024 AED 2,950,000; 2025 AED 3,900,000; 2026 AED 3,550,000Sold by developer, March 2008: AED 1,883,500 (AED 1,445 per sqft)Sold, March 2008: AED 2,193,000 (AED 1,683 per sqft)Sold, August 2014: AED 3,000,000 (AED 2,302 per sqft)

1008 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1008, each contractTypical two-bed in Al Majara Tower 2
100K150K2012201620202024Typical rent by year: 2012 AED 138,331; 2013 AED 150,000; 2014 AED 160,000; 2015 AED 167,500; 2016 AED 167,500; 2017 AED 156,048; 2018 AED 134,880; 2019 AED 125,000; 2020 AED 105,000; 2021 AED 105,000; 2022 AED 120,000; 2023 AED 136,944; 2024 AED 165,000; 2025 AED 173,000; 2026 AED 160,000

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 2, and where 1008 sits

All 91 2-beds →

1008 last sold in August 2014 at AED 2,302 per sqft, 24% above what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,859). Over the last 12 months two-beds sold for AED 3,050,000 to 4,150,000, around AED 2,296 per sqft, and rent for AED 110,000 to 235,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Oct 20263,575,000
14 Aug 20263,550,000
29 Jun 20263,050,000
3 Jun 20263,700,000
6 2-bed sales in the last 12 months

Al Majara Tower 2

Building

246 apartments, 1-bed to 3-bed over 31 floors in Dubai Marina, completed in 2006 by Emaar. 15 sold in the last 12 months.

Typical price per sqft
AED 2,166 Up 5.0%
Typical sale
AED 2.13M
Typical rent
AED 120K /yr
Typical yield
5.3%
Al Majara Tower 2, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 246 units in Al Majara Tower 2
Value
10011-bedAED 1.37M · Feb 2022
10022-bedAED 3.7M · Jun 2026
10031-bedAED 373K · Nov 2011
10042-bedAED 2.34M · Mar 2022
10051-bedAED 634K · Mar 2011
10061-bedAED 1.45M · Oct 2022
10071-bedAED 695K · Jun 2009

1008, Al Majara Tower 2 in numbers

  • Sold 3 times: first on 23 March 2008 for AED 2,193,000, last on 12 August 2014 for AED 3,000,000 (AED 2,302 per sqft).
  • Two-beds in Al Majara Tower 2 sold for AED 3,050,000–4,150,000 in the 12 months to November 2026; the building's median across all types is AED 2,166 per sqft.

Source: Dubai Land Department. Updated 12 August 2014.

Questions about 1008, Al Majara Tower 2

What did unit 1008 last sell for?

AED 3,000,000 on 12 August 2014: AED 2,302 per sqft for 1,303 sqft. The unit has 3 registered sales; the first was AED 2,193,000 in March 2008.

How big is unit 1008?

1,303 sqft (121.1 sqm): a two-bedroom apartment on the 10th floor of a 31-storey tower completed in 2006.

What is unit 1008 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 2 sold for AED 3,050,000 to 4,150,000 in the last 12 months, around AED 2,296 per sqft.

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Mortgage on 1008, Al Majara Tower 2

Starts from the last sale price (AED 3M, 12 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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