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2-bed · 1,579 sqftAl Majara Tower 2, Dubai Marina · 12th floor · completed 2006

1202, Al Majara Tower 2

Sold prices and rental history: sold twice, last in October 2020, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 6 October 2020
Last soldAED 1.98M6 October 2020
Current rentAED 140K /yr10 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1202, Al Majara Tower 2

What is 1202 worth today?

Last sold for AED 1,975,000 in 2020

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6 Oct 2020SoldReady
AED 1,975,000AED 1,250 per sqft
10 Aug 2019RentedRenewal
AED 140,000/yr12 months · AED 88 per sqft
10 Aug 2018RentedNew contract
AED 147,000/yr12 months · AED 93 per sqft
10 May 2009Sold by developerReady
AED 1,570,000AED 994 per sqft

Source: Dubai Land Department. Updated 6 October 2020.

Key facts

Type
2-bed apartment
Size
1,579 sqft
Floor
12th of 31
Parking
619
Developer
Emaar
Completed
2006
Service charge
AED 23,900 /yr
Last sold
AED 1.98M · October 2020
Building
Al Majara Tower 2

About 1202, Al Majara Tower 2

1202 is a two-bedroom apartment of 1,579 sqft on the 12th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 6 October 2020 for AED 1,975,000, or AED 1,250 per sqft.

It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 10 August 2019, is AED 140,000 a year: a gross yield of 7.1% on the 2020 price, before the service charge of about AED 23,900 a year.

Sales and rents for 1202 over time

Sales
Unit 1202, 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, May 2009: AED 1,570,000 (AED 994 per sqft)Sold, October 2020: AED 1,975,000 (AED 1,250 per sqft)

1202 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1202, 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 160,000New contract, August 2018: AED 147,000 a yearRenewal, August 2019: AED 140,000 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 2, and where 1202 sits

All 91 2-beds →

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. 1202's AED 140,000 is in the lower half of that range.

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 12th floor

All 246 units in Al Majara Tower 2
Value
12011-bedAED 1.1M · Sep 2011
12031-bedAED 1.68M · Dec 2022
12042-bedAED 2.45M · Sep 2022
12051-bedAED 1.38M · Aug 2022
12061-bedAED 1.02M · Aug 2008
12071-bedAED 1.38M · Apr 2015
12082-bedAED 2.04M · Jun 2008

1202, Al Majara Tower 2 in numbers

  • Sold twice: first on 10 May 2009 for AED 1,570,000, last on 6 October 2020 for AED 1,975,000 (AED 1,250 per sqft).
  • Rented since August 2018 on 2 Ejari contracts, from AED 147,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2020 price is 7.1%, before a service charge of about AED 23,900 a year (AED 15.11 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 6 October 2020.

Questions about 1202, Al Majara Tower 2

What did unit 1202 last sell for?

AED 1,975,000 on 6 October 2020: AED 1,250 per sqft for 1,579 sqft. The unit has 2 registered sales; the first was AED 1,570,000 in May 2009.

What is the rent for unit 1202?

AED 140,000 a year on the contract renewed on 10 August 2019. The previous contract, from August 2018, was AED 147,000.

How big is unit 1202?

1,579 sqft (146.7 sqm): a two-bedroom apartment on the 12th floor of a 31-storey tower completed in 2006.

What is unit 1202 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 1202, Al Majara Tower 2

Starts from the last sale price (AED 1.98M, 6 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,975,000
Deposit, UAE resident (20%)
AED 395,000
Deposit, non-resident (40%)
AED 790,000
Monthly over 25 years at 3.7%
AED 8,080

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