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1-bed · 841 sqftAl Majara Tower 2, Dubai Marina · 16th floor · completed 2006

1605, Al Majara Tower 2

Sold prices and rental history: sold once, by the developer in July 2016, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1605 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 684K31 July 2016
Current rentAED 70K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1605, Al Majara Tower 2

What is 1605 worth today?

Last sold for AED 683,800 in 2016

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1 Sep 2023RentedNew contract
AED 70,000/yr12 months · AED 83 per sqft
31 Jul 2016Sold by developerReady
AED 683,800AED 813 per sqft
24 Jul 2015RentedRenewal
AED 95,000/yr12 months · AED 113 per sqft
24 Jul 2014RentedNew contract
AED 90,000/yr12 months · AED 107 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
1-bed apartment
Size
841 sqft
Floor
16th of 31
Parking
477
Developer
Emaar
Completed
2006
Service charge
AED 12,700 /yr
Last sold
AED 684K · July 2016
Building
Al Majara Tower 2

About 1605, Al Majara Tower 2

1605 is a one-bedroom apartment of 841 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 31 July 2016 for AED 683,800, or AED 813 per sqft, 53% below the AED 1,724 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 1 September 2023, is AED 70,000 a year: a gross yield of 10.2% on the 2016 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1605 over time

Sales
Unit 1605, 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, July 2016: AED 683,800 (AED 813 per sqft)

1605 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1605, 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, July 2014: AED 90,000 a yearRenewal, July 2015: AED 95,000 a yearNew contract, September 2023: AED 70,000 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 1605 sits

All 149 1-beds →

1605 last sold in July 2016 at AED 813 per sqft, 53% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,724). 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. 1605's AED 70,000 is in the lower 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 16th floor

All 246 units in Al Majara Tower 2
Value
16011-bedAED 1.9M · Jun 2015
16022-bedAED 680K · Jun 2010
16031-bedAED 1.7M · Jul 2016
16042-bedAED 2.5M · Jun 2022
16061-bedAED 2M · Aug 2024
16071-bedAED 1.19M · Feb 2023
16082-bedAED 3.05M · Sep 2025

1605, Al Majara Tower 2 in numbers

  • Sold once: by Emaar on 31 July 2016 for AED 683,800, or AED 813 per sqft.
  • Rented since July 2014 on 3 Ejari contracts, from AED 90,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2016 price is 10.2%, before a service charge of about AED 12,700 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 September 2023.

Questions about 1605, Al Majara Tower 2

What did unit 1605 last sell for?

AED 683,800 on 31 July 2016, sold by the developer: AED 813 per sqft for 841 sqft. It is the only registered sale of the unit.

What is the rent for unit 1605?

AED 70,000 a year on the contract signed on 1 September 2023. The previous contract, from July 2015, was AED 95,000; the unit has been rented since July 2014.

How big is unit 1605?

841 sqft (78.1 sqm): a one-bedroom apartment on the 16th floor of a 31-storey tower completed in 2006.

What is unit 1605 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 1605, Al Majara Tower 2

Starts from the last sale price (AED 684K, 31 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 683,800
Deposit, UAE resident (20%)
AED 136,760
Deposit, non-resident (40%)
AED 273,520
Monthly over 25 years at 3.7%
AED 2,798

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