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1-bed · 974 sqftAl Majara Tower 2, Dubai Marina · 13th floor · completed 2006

1303, Al Majara Tower 2

Sold prices and rental history: sold 3 times, last in February 2013, and rented once, from March 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1303 · DLD and Ejari recordsUpdated 1 March 2013
Last soldAED 1.28M11 February 2013
Current rentAED 105K /yr1 March 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1303, Al Majara Tower 2

What is 1303 worth today?

Last sold for AED 1,275,000 in 2013

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1 Mar 2013RentedNew contract
AED 105,000/yr12 months · AED 108 per sqft
11 Feb 2013SoldReady
AED 1,275,000AED 1,308 per sqft
30 May 2012SoldReady
AED 1,270,000AED 1,303 per sqft
28 Oct 2008Sold by developerReady
AED 775,800AED 796 per sqft

Source: Dubai Land Department. Updated 1 March 2013.

Key facts

Type
1-bed apartment
Size
974 sqft
Floor
13th of 31
Parking
511
Developer
Emaar
Completed
2006
Service charge
AED 14,700 /yr
Last sold
AED 1.28M · February 2013
Building
Al Majara Tower 2

About 1303, Al Majara Tower 2

1303 is a one-bedroom apartment of 974 sqft on the 13th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 11 February 2013 for AED 1,275,000, or AED 1,308 per sqft, 19% above the AED 1,100 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 March 2013. The current contract, signed on 1 March 2013, is AED 105,000 a year: a gross yield of 8.2% on the 2013 price, before the service charge of about AED 14,700 a year.

Sales and rents for 1303 over time

Sales
Unit 1303, 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, October 2008: AED 775,800 (AED 796 per sqft)Sold, May 2012: AED 1,270,000 (AED 1,303 per sqft)Sold, February 2013: AED 1,275,000 (AED 1,308 per sqft)

1303 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1303, each contractTypical one-bed in Al Majara Tower 2
75K100K125K20112015201920232027Typical 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 105,000 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 1303 sits

All 149 1-beds →

1303 last sold in February 2013 at AED 1,308 per sqft, 19% above what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,100). 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. 1303's AED 105,000 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 13th floor

All 246 units in Al Majara Tower 2
Value
13011-bedAED 439K · Dec 2007
13022-bedAED 2.9M · Dec 2013
13042-bedAED 2.65M · Sep 2013
13051-bedAED 1.45M · May 2022
13061-bedAED 1.43M · Jun 2022
13071-bedAED 1.2M · Feb 2015
13082-bedAED 488K · Oct 2009

1303, Al Majara Tower 2 in numbers

  • Sold 3 times: first on 28 October 2008 for AED 775,800, last on 11 February 2013 for AED 1,275,000 (AED 1,308 per sqft).
  • Rented since March 2013 on one Ejari contract, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2013 price is 8.2%, before a service charge of about AED 14,700 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 1 March 2013.

Questions about 1303, Al Majara Tower 2

What did unit 1303 last sell for?

AED 1,275,000 on 11 February 2013: AED 1,308 per sqft for 974 sqft. The unit has 3 registered sales; the first was AED 775,800 in October 2008.

What is the rent for unit 1303?

AED 105,000 a year on the contract signed on 1 March 2013.

How big is unit 1303?

974 sqft (90.5 sqm): a one-bedroom apartment on the 13th floor of a 31-storey tower completed in 2006.

What is unit 1303 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 1303, Al Majara Tower 2

Starts from the last sale price (AED 1.28M, 11 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

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