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2-bed · 1,408 sqftAl Majara Tower 2, Dubai Marina · 14th floor · completed 2006

1404, Al Majara Tower 2

Sold prices and rental history: sold once, by the developer in November 2008, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1404 · DLD and Ejari recordsUpdated 9 November 2008
Last soldAED 1.13M9 November 2008
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1404, Al Majara Tower 2

What is 1404 worth today?

Last sold for AED 1,129,800 in 2008

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9 Nov 2008Sold by developerReady
AED 1,129,800AED 802 per sqft

Source: Dubai Land Department. Updated 9 November 2008.

Key facts

Type
2-bed apartment
Size
1,408 sqft
Floor
14th of 31
Parking
494
Developer
Emaar
Completed
2006
Service charge
AED 21,300 /yr
Last sold
AED 1.13M · November 2008
Building
Al Majara Tower 2

About 1404, Al Majara Tower 2

1404 is a two-bedroom apartment of 1,408 sqft on the 14th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 9 November 2008 for AED 1,129,800, or AED 802 per sqft, 36% below the AED 1,256 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1404 over time

Sales
Unit 1404, 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, November 2008: AED 1,129,800 (AED 802 per sqft)

1404 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1404, 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 160,000

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 1404 sits

All 91 2-beds →

1404 last sold in November 2008 at AED 802 per sqft, 36% below what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,256). 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.

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 14th floor

All 246 units in Al Majara Tower 2
Value
14011-bedAED 415K · Dec 2007
14022-bedAED 3.55M · Aug 2026
14031-bedAED 1.8M · Oct 2022
14051-bedAED 910K · Jan 2021
14061-bedAED 1.6M · Sep 2017
14071-bedAED 1.5M · Nov 2017
14082-bedAED 986K · Jul 2008

1404, Al Majara Tower 2 in numbers

  • Sold once: by Emaar on 9 November 2008 for AED 1,129,800, or AED 802 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 November 2008.

Questions about 1404, Al Majara Tower 2

What did unit 1404 last sell for?

AED 1,129,800 on 9 November 2008, sold by the developer: AED 802 per sqft for 1,408 sqft. It is the only registered sale of the unit.

How big is unit 1404?

1,408 sqft (130.8 sqm): a two-bedroom apartment on the 14th floor of a 31-storey tower completed in 2006.

What is unit 1404 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 1404, Al Majara Tower 2

Starts from the last sale price (AED 1.13M, 9 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,129,800
Deposit, UAE resident (20%)
AED 225,960
Deposit, non-resident (40%)
AED 451,920
Monthly over 25 years at 3.7%
AED 4,622

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