Home
Dubai prices
About
Research
1-bed · 945 sqftAl Majara Tower 2, Dubai Marina · 12th floor · completed 2006

1206, Al Majara Tower 2

Sold prices and rental history: sold twice, last in August 2008, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1206 · DLD and Ejari recordsUpdated 22 May 2017
Last soldAED 1.6M4 August 2008
Current rentAED 125K /yr22 May 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1206

Property timeline for 1206, Al Majara Tower 2

What is 1206 worth today?

Last sold for AED 1,600,000 in 2008

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

22 May 2017RentedNew contract
AED 125,000/yr12 months · AED 132 per sqft
31 Oct 2013RentedNew contract
AED 120,000/yr12 months · AED 127 per sqft
4 Aug 2008Sold by developerReady
AED 1,600,000AED 1,693 per sqft
4 Aug 2008SoldReady
AED 1,019,700AED 1,079 per sqft

Source: Dubai Land Department. Updated 22 May 2017.

Key facts

Type
1-bed apartment
Size
945 sqft
Floor
12th of 31
Parking
627
Developer
Emaar
Completed
2006
Service charge
AED 14,300 /yr
Last sold
AED 1.6M · August 2008
Building
Al Majara Tower 2

About 1206, Al Majara Tower 2

1206 is a one-bedroom apartment of 945 sqft on the 12th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 4 August 2008 for AED 1,600,000, or AED 1,693 per sqft, 86% above the AED 909 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 22 May 2017, is AED 125,000 a year: a gross yield of 7.8% on the 2008 price, before the service charge of about AED 14,300 a year.

Sales and rents for 1206 over time

Sales
Unit 1206, each saleTypical one-bed in Al Majara Tower 2
1M2M20072012201720222027Typical sale price by year: 2007 AED 402,950; 2008 AED 880,000; 2009 AED 799,800; 2010 AED 640,000; 2011 AED 732,400; 2012 AED 1,000,000; 2013 AED 990,000; 2014 AED 1,650,000; 2015 AED 1,600,000; 2016 AED 1,450,000; 2017 AED 1,495,000; 2018 AED 1,215,328; 2019 AED 1,085,000; 2020 AED 1,000,000; 2021 AED 1,100,000; 2022 AED 1,450,000; 2023 AED 1,500,000; 2024 AED 1,825,000; 2025 AED 1,825,000; 2026 AED 1,675,000Sold by developer, August 2008: AED 1,600,000 (AED 1,693 per sqft)Sold, August 2008: AED 1,019,700 (AED 1,079 per sqft)

1206 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1206, each contractTypical one-bed in Al Majara Tower 2
100K20112015201920232027Typical rent by year: 2011 AED 65,000; 2012 AED 75,000; 2013 AED 95,000; 2014 AED 113,000; 2015 AED 120,000; 2016 AED 119,678; 2017 AED 105,000; 2018 AED 92,000; 2019 AED 80,002; 2020 AED 70,000; 2021 AED 70,000; 2022 AED 81,950; 2023 AED 90,000; 2024 AED 105,000; 2025 AED 110,000; 2026 AED 105,000New contract, October 2013: AED 120,000 a yearNew contract, May 2017: AED 125,000 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 2, and where 1206 sits

All 149 1-beds →

1206 last sold in August 2008 at AED 1,693 per sqft, 86% above what one-beds in Al Majara Tower 2 were fetching at the time (AED 909). Over the last 12 months one-beds sold for AED 1,400,000 to 2,125,000, around AED 1,990 per sqft, and rent for AED 65,000 to 140,000 a year. 1206's AED 125,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Oct 20261,425,000
11 Sep 20262,110,000
21 Jul 20261,700,000
21 May 20261,400,000
8 1-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
12022-bedAED 1.98M · Oct 2020
12031-bedAED 1.68M · Dec 2022
12042-bedAED 2.45M · Sep 2022
12051-bedAED 1.38M · Aug 2022
12071-bedAED 1.38M · Apr 2015
12082-bedAED 2.04M · Jun 2008

1206, Al Majara Tower 2 in numbers

  • Sold twice: first on 4 August 2008 for AED 1,019,700, last on 4 August 2008 for AED 1,600,000 (AED 1,693 per sqft).
  • Rented since October 2013 on 2 Ejari contracts, from AED 120,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2008 price is 7.8%, before a service charge of about AED 14,300 a year (AED 15.11 per sqft).
  • One-beds in Al Majara Tower 2 sold for AED 1,400,000–2,125,000 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 22 May 2017.

Questions about 1206, Al Majara Tower 2

What did unit 1206 last sell for?

AED 1,600,000 on 4 August 2008, sold by the developer: AED 1,693 per sqft for 945 sqft. The unit has 2 registered sales; the first was AED 1,019,700 in August 2008.

What is the rent for unit 1206?

AED 125,000 a year on the contract signed on 22 May 2017. The previous contract, from October 2013, was AED 120,000.

How big is unit 1206?

945 sqft (87.8 sqm): a one-bedroom apartment on the 12th floor of a 31-storey tower completed in 2006.

What is unit 1206 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 2 sold for AED 1,400,000 to 2,125,000 in the last 12 months, around AED 1,990 per sqft.

Selling 1206? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1206, Al Majara Tower 2

Starts from the last sale price (AED 1.6M, 4 August 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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