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1-bed · 842 sqftAl Majara Tower 2, Dubai Marina · 12th floor · completed 2006

1207, Al Majara Tower 2

Sold prices and rental history: sold 4 times, last in April 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1207 · DLD and Ejari recordsUpdated 8 June 2015
Last soldAED 1.38M30 April 2015
Current rentAED 168K /yr8 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1207, Al Majara Tower 2

What is 1207 worth today?

Last sold for AED 1,375,000 in 2015

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8 Jun 2015RentedNew contract
AED 168,000/yr6 months · AED 200 per sqft
30 Apr 2015SoldReady
AED 1,375,000AED 1,633 per sqft
16 Mar 2013RentedNew contract
AED 88,000/yr12 months · AED 105 per sqft
22 Jan 2013SoldReady
AED 1,070,000AED 1,270 per sqft
4 Oct 2012SoldReady
AED 900,000AED 1,068 per sqft
13 Jun 2012Sold by developerReady
AED 856,400AED 1,017 per sqft

Source: Dubai Land Department. Updated 8 June 2015.

Key facts

Type
1-bed apartment
Size
842 sqft
Floor
12th of 31
Parking
629
Developer
Emaar
Completed
2006
Service charge
AED 12,700 /yr
Last sold
AED 1.38M · April 2015
Building
Al Majara Tower 2

About 1207, Al Majara Tower 2

1207 is a one-bedroom apartment of 842 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 30 April 2015 for AED 1,375,000, or AED 1,633 per sqft, 12% below the AED 1,851 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 8 June 2015, is AED 168,000 a year: a gross yield of 12.2% on the 2015 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1207 over time

Sales
Unit 1207, 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, June 2012: AED 856,400 (AED 1,017 per sqft)Sold, October 2012: AED 900,000 (AED 1,068 per sqft)Sold, January 2013: AED 1,070,000 (AED 1,270 per sqft)Sold, April 2015: AED 1,375,000 (AED 1,633 per sqft)

1207 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1207, each contractTypical one-bed in Al Majara Tower 2
50K100K150K20112015201920232027Typical 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, March 2013: AED 88,000 a yearNew contract, June 2015: AED 168,000 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 1207 sits

All 149 1-beds →

1207 last sold in April 2015 at AED 1,633 per sqft, 12% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,851). 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. 1207's AED 168,000 is at the top 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
12061-bedAED 1.02M · Aug 2008
12082-bedAED 2.04M · Jun 2008

1207, Al Majara Tower 2 in numbers

  • Sold 4 times: first on 13 June 2012 for AED 856,400, last on 30 April 2015 for AED 1,375,000 (AED 1,633 per sqft).
  • Rented since March 2013 on 2 Ejari contracts, from AED 88,000 to AED 168,000 a year.
  • At AED 168,000 a year the gross yield on the 2015 price is 12.2%, before a service charge of about AED 12,700 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 8 June 2015.

Questions about 1207, Al Majara Tower 2

What did unit 1207 last sell for?

AED 1,375,000 on 30 April 2015: AED 1,633 per sqft for 842 sqft. The unit has 4 registered sales; the first was AED 856,400 in June 2012.

What is the rent for unit 1207?

AED 168,000 a year on the contract signed on 8 June 2015. The previous contract, from March 2013, was AED 88,000.

How big is unit 1207?

842 sqft (78.2 sqm): a one-bedroom apartment on the 12th floor of a 31-storey tower completed in 2006.

What is unit 1207 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.

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Mortgage on 1207, Al Majara Tower 2

Starts from the last sale price (AED 1.38M, 30 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,375,000
Deposit, UAE resident (20%)
AED 275,000
Deposit, non-resident (40%)
AED 550,000
Monthly over 25 years at 3.7%
AED 5,626

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