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1-bed · 974 sqftAl Majara Tower 2, Dubai Marina · 19th floor · completed 2006

1903, Al Majara Tower 2

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

Unit 1903 · DLD and Ejari recordsUpdated 24 October 2021
Last soldAED 875K27 May 2014
Current rentAED 80K /yr24 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1903, Al Majara Tower 2

What is 1903 worth today?

Last sold for AED 875,000 in 2014

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24 Oct 2021RentedNew contract
AED 80,000/yr12 months · AED 83 per sqft
24 Sep 2020RentedNew contract
AED 65,000/yr12 months · AED 67 per sqft
7 Sep 2019RentedNew contract
AED 80,000/yr12 months · AED 83 per sqft
27 May 2014Sold by developerReady
AED 875,000AED 898 per sqft
15 Jan 2014RentedNew contract
AED 100,000/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 24 October 2021.

Key facts

Type
1-bed apartment
Size
974 sqft
Floor
19th of 31
Parking
465
Developer
Emaar
Completed
2006
Service charge
AED 14,700 /yr
Last sold
AED 875K · May 2014
Building
Al Majara Tower 2

About 1903, Al Majara Tower 2

1903 is a one-bedroom apartment of 974 sqft on the 19th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 27 May 2014 for AED 875,000, or AED 898 per sqft, 39% below the AED 1,461 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 24 October 2021, is AED 80,000 a year: a gross yield of 9.1% on the 2014 price, before the service charge of about AED 14,700 a year.

Sales and rents for 1903 over time

Sales
Unit 1903, 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, May 2014: AED 875,000 (AED 898 per sqft)

1903 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1903, 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, January 2014: AED 100,000 a yearNew contract, September 2019: AED 80,000 a yearNew contract, September 2020: AED 65,000 a yearNew contract, October 2021: AED 80,000 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 1903 sits

All 149 1-beds →

1903 last sold in May 2014 at AED 898 per sqft, 39% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,461). 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. 1903's AED 80,000 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 19th floor

All 246 units in Al Majara Tower 2
Value
19011-bedAED 1.4M · Oct 2012
19022-bedAED 3M · Sep 2023
19042-bedAED 1.19M · Jul 2010
19051-bedAED 1.22M · May 2018
19061-bedAED 1.6M · May 2024
19071-bedAED 1.3M · Feb 2009
19082-bedAED 2M · Aug 2022

1903, Al Majara Tower 2 in numbers

  • Sold once: by Emaar on 27 May 2014 for AED 875,000, or AED 898 per sqft.
  • Rented since January 2014 on 4 Ejari contracts. The rent fell from AED 100,000 to AED 65,000 in 2020 and recovered to AED 80,000 by October 2021.
  • At AED 80,000 a year the gross yield on the 2014 price is 9.1%, before a service charge of about AED 14,700 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 24 October 2021.

Questions about 1903, Al Majara Tower 2

What did unit 1903 last sell for?

AED 875,000 on 27 May 2014, sold by the developer: AED 898 per sqft for 974 sqft. It is the only registered sale of the unit.

What is the rent for unit 1903?

AED 80,000 a year on the contract signed on 24 October 2021. The previous contract, from September 2020, was AED 65,000; the unit has been rented since January 2014.

How big is unit 1903?

974 sqft (90.5 sqm): a one-bedroom apartment on the 19th floor of a 31-storey tower completed in 2006.

What is unit 1903 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 1903, Al Majara Tower 2

Starts from the last sale price (AED 875K, 27 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 875,000
Deposit, UAE resident (20%)
AED 175,000
Deposit, non-resident (40%)
AED 350,000
Monthly over 25 years at 3.7%
AED 3,580

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