1204, Al Majara Tower 2
Sold prices and rental history: sold 4 times, last in September 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1204, Al Majara Tower 2
What is 1204 worth today?
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Source: Dubai Land Department. Updated 9 September 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,408 sqft
- Floor
- 12th of 31
- Parking
- 623
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 21,300 /yr
- Last sold
- AED 2.45M · September 2022
- Building
- Al Majara Tower 2
About 1204, Al Majara Tower 2
1204 is a two-bedroom apartment of 1,408 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 9 September 2022 for AED 2,450,000, or AED 1,740 per sqft, 14% above the AED 1,526 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 23 September 2021, is AED 125,000 a year: a gross yield of 5.1% on the 2022 price, before the service charge of about AED 21,300 a year.
Sales and rents for 1204 over time
1204 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 1204 sits
All 91 2-beds →1204 last sold in September 2022 at AED 1,740 per sqft, 14% above what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,526). 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. 1204's AED 125,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20262 October 2026 | 1,408 sqft | 3,575,000 | 2,539 | ||
| 14 Aug 202614 August 2026 | 1,579 sqft | 3,550,000 | 2,248 | ||
| 29 Jun 202629 June 2026 | 1,408 sqft | 3,050,000 | 2,166 | ||
| 3 Jun 20263 June 2026 | 1,579 sqft | 3,700,000 | 2,343 |
Al Majara Tower 2
Building246 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%
Other units on the 12th floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 971 sqft | AED 1.1MAED 1,095,000 · Sep 2011September 2011 | 117,000 /yr | |
| 1202 | 2-bed | 1,579 sqft | AED 1.98MAED 1,975,000 · Oct 2020October 2020 | 140,000 /yr | |
| 1203 | 1-bed | 974 sqft | AED 1.68MAED 1,675,000 · Dec 2022December 2022 | 120,000 /yr | |
| 1205 | 1-bed | 841 sqft | AED 1.38MAED 1,375,000 · Aug 2022August 2022 | 119,668 /yr | |
| 1206 | 1-bed | 945 sqft | AED 1.02MAED 1,019,700 · Aug 2008August 2008 | 125,000 /yr | |
| 1207 | 1-bed | 842 sqft | AED 1.38MAED 1,375,000 · Apr 2015April 2015 | 168,000 /yr | |
| 1208 | 2-bed | 1,303 sqft | AED 2.04MAED 2,040,000 · Jun 2008June 2008 | 160,000 /yr |
1204, Al Majara Tower 2 in numbers
- Sold 4 times: first on 24 January 2011 for AED 1,105,800, last on 9 September 2022 for AED 2,450,000 (AED 1,740 per sqft).
- Rented since June 2015 on 7 Ejari contracts, from AED 170,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2022 price is 5.1%, before a service charge of about AED 21,300 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 9 September 2022.
Questions about 1204, Al Majara Tower 2
What did unit 1204 last sell for?
AED 2,450,000 on 9 September 2022: AED 1,740 per sqft for 1,408 sqft. The unit has 4 registered sales; the first was AED 1,105,800 in January 2011.
What is the rent for unit 1204?
AED 125,000 a year on the contract renewed on 23 September 2021. The previous contract, from September 2020, was AED 125,000; the unit has been rented since June 2015.
How big is unit 1204?
1,408 sqft (130.8 sqm): a two-bedroom apartment on the 12th floor of a 31-storey tower completed in 2006.
What is unit 1204 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 1204, Al Majara Tower 2
Starts from the last sale price (AED 2.45M, 9 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,450,000
- Deposit, UAE resident (20%)
- AED 490,000
- Deposit, non-resident (40%)
- AED 980,000
- Monthly over 25 years at 3.7%
- AED 10,024
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →