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1-bed · 842 sqftAl Majara Tower 2, Dubai Marina · 17th floor · completed 2006

1707, Al Majara Tower 2

Sold prices and rental history: sold 3 times, last in October 2022, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1707 · DLD and Ejari recordsUpdated 20 November 2022
Last soldAED 1.22M28 October 2022
Current rentAED 100K /yr20 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1707, Al Majara Tower 2

What is 1707 worth today?

Last sold for AED 1,215,000 in 2022

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20 Nov 2022RentedNew contract
AED 100,000/yr12 months · AED 119 per sqft
28 Oct 2022SoldReady
AED 1,215,000AED 1,443 per sqft
16 Apr 2017SoldReady
AED 1,350,000AED 1,603 per sqft
7 Sep 2011Sold by developerReady
AED 543,800AED 645 per sqft

Source: Dubai Land Department. Updated 20 November 2022.

Key facts

Type
1-bed apartment
Size
842 sqft
Floor
17th of 31
Parking
632
Developer
Emaar
Completed
2006
Service charge
AED 12,700 /yr
Last sold
AED 1.22M · October 2022
Building
Al Majara Tower 2

About 1707, Al Majara Tower 2

1707 is a one-bedroom apartment of 842 sqft on the 17th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 28 October 2022 for AED 1,215,000, or AED 1,443 per sqft, 5% below the AED 1,522 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 November 2022. The current contract, signed on 20 November 2022, is AED 100,000 a year: a gross yield of 8.2% on the 2022 price, before the service charge of about AED 12,700 a year.

Sales and rents for 1707 over time

Sales
Unit 1707, 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, September 2011: AED 543,800 (AED 645 per sqft)Sold, April 2017: AED 1,350,000 (AED 1,603 per sqft)Sold, October 2022: AED 1,215,000 (AED 1,443 per sqft)

1707 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1707, 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, November 2022: AED 100,000 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 1707 sits

All 149 1-beds →

1707 last sold in October 2022 at AED 1,443 per sqft, 5% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,522). 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. 1707's AED 100,000 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 17th floor

All 246 units in Al Majara Tower 2
Value
17011-bedAED 1.5M · Jun 2022
17022-bedAED 687K · Jan 2008
17031-bedAED 2M · Aug 2008
17042-bedAED 2.57M · Jun 2017
17051-bedAED 1.7M · Jul 2026
17061-bedAED 734K · Nov 2008
17082-bedAED 1.86M · Apr 2022

1707, Al Majara Tower 2 in numbers

  • Sold 3 times: first on 7 September 2011 for AED 543,800, last on 28 October 2022 for AED 1,215,000 (AED 1,443 per sqft).
  • Rented since November 2022 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 8.2%, 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 20 November 2022.

Questions about 1707, Al Majara Tower 2

What did unit 1707 last sell for?

AED 1,215,000 on 28 October 2022: AED 1,443 per sqft for 842 sqft. The unit has 3 registered sales; the first was AED 543,800 in September 2011.

What is the rent for unit 1707?

AED 100,000 a year on the contract signed on 20 November 2022.

How big is unit 1707?

842 sqft (78.2 sqm): a one-bedroom apartment on the 17th floor of a 31-storey tower completed in 2006.

What is unit 1707 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 1707, Al Majara Tower 2

Starts from the last sale price (AED 1.22M, 28 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,215,000
Deposit, UAE resident (20%)
AED 243,000
Deposit, non-resident (40%)
AED 486,000
Monthly over 25 years at 3.7%
AED 4,971

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