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2-bed · 1,408 sqftAl Majara Tower 2, Dubai Marina · 18th floor · completed 2006

1804, Al Majara Tower 2

Sold prices and rental history: sold 3 times, last in April 2019, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1804 · DLD and Ejari recordsUpdated 4 April 2019
Last soldAED 2.15M4 April 2019
Current rentAED 173K /yr15 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1804, Al Majara Tower 2

What is 1804 worth today?

Last sold for AED 2,150,000 in 2019

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4 Apr 2019SoldReady
AED 2,150,000AED 1,526 per sqft
15 Jun 2016RentedNew contract
AED 173,000/yr12 months · AED 123 per sqft
7 Oct 2014RentedNew contract
AED 180,000/yr12 months · AED 128 per sqft
25 Jul 2011SoldReady
AED 1,375,000AED 976 per sqft
22 Jun 2010Sold by developerReady
AED 588,900AED 418 per sqft

Source: Dubai Land Department. Updated 4 April 2019.

Key facts

Type
2-bed apartment
Size
1,408 sqft
Floor
18th of 31
Parking
637
Developer
Emaar
Completed
2006
Service charge
AED 21,300 /yr
Last sold
AED 2.15M · April 2019
Building
Al Majara Tower 2

About 1804, Al Majara Tower 2

1804 is a two-bedroom apartment of 1,408 sqft on the 18th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 4 April 2019 for AED 2,150,000, or AED 1,526 per sqft, in line with the AED 1,540 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 15 June 2016, is AED 173,000 a year: a gross yield of 8.1% on the 2019 price, before the service charge of about AED 21,300 a year.

Sales and rents for 1804 over time

Sales
Unit 1804, each saleTypical two-bed in Al Majara Tower 2
02M4M2008201320182023Typical sale price by year: 2008 AED 1,600,000; 2009 AED 1,287,500; 2010 AED 931,888; 2011 AED 1,279,300; 2012 AED 1,712,500; 2013 AED 2,200,000; 2014 AED 2,650,000; 2015 AED 1,950,000; 2016 AED 2,350,000; 2017 AED 2,525,000; 2018 AED 2,266,250; 2019 AED 1,750,000; 2020 AED 1,750,000; 2021 AED 1,940,000; 2022 AED 2,217,500; 2023 AED 2,675,000; 2024 AED 2,950,000; 2025 AED 3,900,000; 2026 AED 3,550,000Sold by developer, June 2010: AED 588,900 (AED 418 per sqft)Sold, July 2011: AED 1,375,000 (AED 976 per sqft)Sold, April 2019: AED 2,150,000 (AED 1,526 per sqft)

1804 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1804, each contractTypical two-bed in Al Majara Tower 2
100K150K2012201620202024Typical rent by year: 2012 AED 138,331; 2013 AED 150,000; 2014 AED 160,000; 2015 AED 167,500; 2016 AED 167,500; 2017 AED 156,048; 2018 AED 134,880; 2019 AED 125,000; 2020 AED 105,000; 2021 AED 105,000; 2022 AED 120,000; 2023 AED 136,944; 2024 AED 165,000; 2025 AED 173,000; 2026 AED 160,000New contract, October 2014: AED 180,000 a yearNew contract, June 2016: AED 173,000 a year

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 1804 sits

All 91 2-beds →

1804 last sold in April 2019 at AED 1,526 per sqft, in line with what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,540). 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. 1804's AED 173,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Oct 20263,575,000
14 Aug 20263,550,000
29 Jun 20263,050,000
3 Jun 20263,700,000
6 2-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 18th floor

All 246 units in Al Majara Tower 2
Value
18011-bedAED 391K · Dec 2007
18022-bedAED 2.81M · Mar 2017
18031-bedAED 1.23M · May 2019
18051-bedAED 1.09M · Aug 2019
18061-bedAED 1.78M · Dec 2024
18071-bedAED 1.45M · Dec 2023
18082-bedAED 2.68M · Jul 2023

1804, Al Majara Tower 2 in numbers

  • Sold 3 times: first on 22 June 2010 for AED 588,900, last on 4 April 2019 for AED 2,150,000 (AED 1,526 per sqft).
  • Rented since October 2014 on 2 Ejari contracts, from AED 180,000 to AED 173,000 a year.
  • At AED 173,000 a year the gross yield on the 2019 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 4 April 2019.

Questions about 1804, Al Majara Tower 2

What did unit 1804 last sell for?

AED 2,150,000 on 4 April 2019: AED 1,526 per sqft for 1,408 sqft. The unit has 3 registered sales; the first was AED 588,900 in June 2010.

What is the rent for unit 1804?

AED 173,000 a year on the contract signed on 15 June 2016. The previous contract, from October 2014, was AED 180,000.

How big is unit 1804?

1,408 sqft (130.8 sqm): a two-bedroom apartment on the 18th floor of a 31-storey tower completed in 2006.

What is unit 1804 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 1804, Al Majara Tower 2

Starts from the last sale price (AED 2.15M, 4 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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