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2-bed · 1,579 sqftAl Majara Tower 2, Dubai Marina · 26th floor · completed 2006

2602, Al Majara Tower 2

Sold prices and rental history: sold 3 times, last in March 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2602 · DLD and Ejari recordsUpdated 12 March 2013
Last soldAED 2.8M12 March 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2602, Al Majara Tower 2

What is 2602 worth today?

Last sold for AED 2,800,000 in 2013

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12 Mar 2013SoldReady
AED 2,800,000AED 1,773 per sqft
23 Dec 2009Sold by developerReady
AED 2,400,000AED 1,519 per sqft
23 Dec 2009SoldReady
AED 1,600,000AED 1,013 per sqft

Source: Dubai Land Department. Updated 12 March 2013.

Key facts

Type
2-bed apartment
Size
1,579 sqft
Floor
26th of 31
Parking
450
Developer
Emaar
Completed
2006
Service charge
AED 23,900 /yr
Last sold
AED 2.8M · March 2013
Building
Al Majara Tower 2

About 2602, Al Majara Tower 2

2602 is a two-bedroom apartment of 1,579 sqft on the 26th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 12 March 2013 for AED 2,800,000, or AED 1,773 per sqft, 30% above the AED 1,367 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2602 over time

Sales
Unit 2602, each saleTypical two-bed in Al Majara Tower 2
2M4M2008201320182023Typical 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, December 2009: AED 2,400,000 (AED 1,519 per sqft)Sold, December 2009: AED 1,600,000 (AED 1,013 per sqft)Sold, March 2013: AED 2,800,000 (AED 1,773 per sqft)

2602 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2602, 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 160,000

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 2602 sits

All 91 2-beds →

2602 last sold in March 2013 at AED 1,773 per sqft, 30% above what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,367). 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.

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 26th floor

All 246 units in Al Majara Tower 2
Value
26011-bedAED 854K · Jul 2010
26031-bedAED 1.9M · Jul 2015
26042-bedAED 1.27M · Apr 2013
26051-bedAED 1.55M · Feb 2014
26061-bedAED 1.15M · Feb 2010
26071-bedAED 294K · Nov 2009
26082-bedAED 1.22M · Mar 2011

2602, Al Majara Tower 2 in numbers

  • Sold 3 times: first on 23 December 2009 for AED 1,600,000, last on 12 March 2013 for AED 2,800,000 (AED 1,773 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 12 March 2013.

Questions about 2602, Al Majara Tower 2

What did unit 2602 last sell for?

AED 2,800,000 on 12 March 2013: AED 1,773 per sqft for 1,579 sqft. The unit has 3 registered sales; the first was AED 1,600,000 in December 2009.

How big is unit 2602?

1,579 sqft (146.7 sqm): a two-bedroom apartment on the 26th floor of a 31-storey tower completed in 2006.

What is unit 2602 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 2602, Al Majara Tower 2

Starts from the last sale price (AED 2.8M, 12 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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