1408, Al Majara Tower 2
Sold prices and rental history: sold once, by the developer in July 2008, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Al Majara Tower 2
What is 1408 worth today?
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Source: Dubai Land Department. Updated 1 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,303 sqft
- Floor
- 14th of 31
- Parking
- 490
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 19,700 /yr
- Last sold
- AED 986K · July 2008
- Building
- Al Majara Tower 2
About 1408, Al Majara Tower 2
1408 is a two-bedroom apartment of 1,303 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 29 July 2008 for AED 985,800, or AED 756 per sqft, 41% below the AED 1,285 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 16 Ejari contracts. The current contract, renewed on 1 November 2025, is AED 141,508 a year: a gross yield of 14.3% on the 2008 price, before the service charge of about AED 19,700 a year.
Sales and rents for 1408 over time
1408 has sold once; 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 1408 sits
All 91 2-beds →1408 last sold in July 2008 at AED 756 per sqft, 41% below what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,285). 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. 1408's AED 141,508 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 14th floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 388 sqft | AED 415KAED 415,000 · Dec 2007December 2007 | 90,000 /yr | |
| 1402 | 2-bed | 1,579 sqft | AED 3.55MAED 3,550,000 · Aug 2026August 2026 | 200,000 /yr | |
| 1403 | 1-bed | 974 sqft | AED 1.8MAED 1,800,000 · Oct 2022October 2022 | 100,000 /yr | |
| 1404 | 2-bed | 1,408 sqft | AED 1.13MAED 1,129,800 · Nov 2008November 2008 | ||
| 1405 | 1-bed | 841 sqft | AED 910KAED 910,000 · Jan 2021January 2021 | 75,000 /yr | |
| 1406 | 1-bed | 945 sqft | AED 1.6MAED 1,600,000 · Sep 2017September 2017 | 87,725 /yr | |
| 1407 | 1-bed | 842 sqft | AED 1.5MAED 1,500,000 · Nov 2017November 2017 | 110,000 /yr |
1408, Al Majara Tower 2 in numbers
- Sold once: by Emaar on 29 July 2008 for AED 985,800, or AED 756 per sqft.
- Rented since January 2014 on 16 Ejari contracts. The rent fell from AED 125,000 to AED 85,000 in 2021 and recovered to AED 141,508 by November 2025.
- At AED 141,508 a year the gross yield on the 2008 price is 14.3%, before a service charge of about AED 19,700 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 1 November 2025.
Questions about 1408, Al Majara Tower 2
What did unit 1408 last sell for?
AED 985,800 on 29 July 2008, sold by the developer: AED 756 per sqft for 1,303 sqft. It is the only registered sale of the unit.
What is the rent for unit 1408?
AED 141,508 a year on the contract renewed on 1 November 2025. The previous contract, from November 2025, was AED 130,000; the unit has been rented since January 2014.
How big is unit 1408?
1,303 sqft (121.1 sqm): a two-bedroom apartment on the 14th floor of a 31-storey tower completed in 2006.
What is unit 1408 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 1408, Al Majara Tower 2
Starts from the last sale price (AED 986K, 29 July 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 985,800
- Deposit, UAE resident (20%)
- AED 197,160
- Deposit, non-resident (40%)
- AED 394,320
- Monthly over 25 years at 3.7%
- AED 4,033
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →