1602, Al Majara Tower 2
Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Al Majara Tower 2
What is 1602 worth today?
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Source: Dubai Land Department. Updated 17 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,579 sqft
- Floor
- 16th of 31
- Parking
- 480
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 23,900 /yr
- Last sold
- AED 680K · June 2010
- Building
- Al Majara Tower 2
About 1602, Al Majara Tower 2
1602 is a two-bedroom apartment of 1,579 sqft on the 16th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 22 June 2010 for AED 680,400, or AED 430 per sqft, 43% below the AED 758 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 17 February 2026, is AED 185,000 a year: a gross yield of 27.2% on the 2010 price, before the service charge of about AED 23,900 a year.
Sales and rents for 1602 over time
1602 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 1602 sits
All 91 2-beds →1602 last sold in June 2010 at AED 430 per sqft, 43% below what two-beds in Al Majara Tower 2 were fetching at the time (AED 758). 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. 1602's AED 185,000 is in the upper 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 16th floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 971 sqft | AED 1.9MAED 1,900,000 · Jun 2015June 2015 | ||
| 1603 | 1-bed | 974 sqft | AED 1.7MAED 1,700,000 · Jul 2016July 2016 | 95,000 /yr | |
| 1604 | 2-bed | 1,408 sqft | AED 2.5MAED 2,500,000 · Jun 2022June 2022 | 140,000 /yr | |
| 1605 | 1-bed | 841 sqft | AED 684KAED 683,800 · Jul 2016July 2016 | 70,000 /yr | |
| 1606 | 1-bed | 945 sqft | AED 2MAED 2,000,000 · Aug 2024August 2024 | 120,000 /yr | |
| 1607 | 1-bed | 842 sqft | AED 1.19MAED 1,185,000 · Feb 2023February 2023 | 105,000 /yr | |
| 1608 | 2-bed | 1,303 sqft | AED 3.05MAED 3,050,000 · Sep 2025September 2025 | 185,000 /yr |
1602, Al Majara Tower 2 in numbers
- Sold once: by Emaar on 22 June 2010 for AED 680,400, or AED 430 per sqft.
- Rented since April 2019 on 7 Ejari contracts. The rent fell from AED 160,000 to AED 120,000 in 2021 and recovered to AED 185,000 by February 2026.
- At AED 185,000 a year the gross yield on the 2010 price is 27.2%, before a service charge of about AED 23,900 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 17 February 2026.
Questions about 1602, Al Majara Tower 2
What did unit 1602 last sell for?
AED 680,400 on 22 June 2010, sold by the developer: AED 430 per sqft for 1,579 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 185,000 a year on the contract signed on 17 February 2026. The previous contract, from February 2024, was AED 200,000; the unit has been rented since April 2019.
How big is unit 1602?
1,579 sqft (146.7 sqm): a two-bedroom apartment on the 16th floor of a 31-storey tower completed in 2006.
What is unit 1602 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 1602, Al Majara Tower 2
Starts from the last sale price (AED 680K, 22 June 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 680,400
- Deposit, UAE resident (20%)
- AED 136,080
- Deposit, non-resident (40%)
- AED 272,160
- Monthly over 25 years at 3.7%
- AED 2,784
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →