1504, Al Majara Tower 2
Sold prices and rental history: sold twice, last in February 2018, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1504, Al Majara Tower 2
What is 1504 worth today?
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Source: Dubai Land Department. Updated 15 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,408 sqft
- Floor
- 15th of 31
- Parking
- 486
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 21,300 /yr
- Last sold
- AED 2.05M · February 2018
- Building
- Al Majara Tower 2
About 1504, Al Majara Tower 2
1504 is a two-bedroom apartment of 1,408 sqft on the 15th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 5 February 2018 for AED 2,050,000, or AED 1,455 per sqft, 13% below the AED 1,665 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 15 August 2024, is AED 165,000 a year: a gross yield of 8.1% on the 2018 price, before the service charge of about AED 21,300 a year.
Sales and rents for 1504 over time
1504 has sold twice; 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 1504 sits
All 91 2-beds →1504 last sold in February 2018 at AED 1,455 per sqft, 13% below what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,665). 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. 1504's AED 165,000 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 15th floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 971 sqft | AED 377KAED 377,400 · Apr 2010April 2010 | 100,000 /yr | |
| 1502 | 2-bed | 1,579 sqft | AED 3.9MAED 3,900,000 · Apr 2025April 2025 | 155,000 /yr | |
| 1503 | 1-bed | 974 sqft | AED 1.8MAED 1,800,000 · Mar 2016March 2016 | 130,000 /yr | |
| 1505 | 1-bed | 841 sqft | AED 677KAED 676,800 · Mar 2011March 2011 | 65,000 /yr | |
| 1506 | 1-bed | 945 sqft | AED 1.19MAED 1,190,000 · Dec 2021December 2021 | 125,000 /yr | |
| 1507 | 1-bed | 842 sqft | AED 800KAED 800,000 · Jun 2011June 2011 | 95,000 /yr | |
| 1508 | 2-bed | 1,303 sqft | AED 1.34MAED 1,335,000 · Aug 2011August 2011 | 150,000 /yr |
1504, Al Majara Tower 2 in numbers
- Sold twice: first on 18 June 2009 for AED 1,141,800, last on 5 February 2018 for AED 2,050,000 (AED 1,455 per sqft).
- Rented since December 2017 on 7 Ejari contracts. The rent fell from AED 150,000 to AED 120,000 in 2021 and recovered to AED 165,000 by August 2024.
- At AED 165,000 a year the gross yield on the 2018 price is 8.1%, before a service charge of about AED 21,300 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 15 August 2024.
Questions about 1504, Al Majara Tower 2
What did unit 1504 last sell for?
AED 2,050,000 on 5 February 2018: AED 1,455 per sqft for 1,408 sqft. The unit has 2 registered sales; the first was AED 1,141,800 in June 2009.
What is the rent for unit 1504?
AED 165,000 a year on the contract signed on 15 August 2024. The previous contract, from August 2024, was AED 165,000; the unit has been rented since December 2017.
How big is unit 1504?
1,408 sqft (130.8 sqm): a two-bedroom apartment on the 15th floor of a 31-storey tower completed in 2006.
What is unit 1504 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 1504, Al Majara Tower 2
Starts from the last sale price (AED 2.05M, 5 February 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,050,000
- Deposit, UAE resident (20%)
- AED 410,000
- Deposit, non-resident (40%)
- AED 820,000
- Monthly over 25 years at 3.7%
- AED 8,387
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →