408, Al Majara Tower 2
Sold prices and rental history: sold once, by the developer in April 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Al Majara Tower 2
What is 408 worth today?
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Source: Dubai Land Department. Updated 25 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,303 sqft
- Floor
- 4th of 31
- Parking
- 299
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 19,700 /yr
- Last sold
- AED 932K · April 2010
- Building
- Al Majara Tower 2
About 408, Al Majara Tower 2
408 is a two-bedroom apartment of 1,303 sqft on the 4th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 4 April 2010 for AED 931,888, or AED 715 per sqft, 20% below the AED 890 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 16 Ejari contracts. The current contract, signed on 25 September 2026, is AED 120,000 a year: a gross yield of 12.9% on the 2010 price, before the service charge of about AED 19,700 a year.
Sales and rents for 408 over time
408 has sold once; the dashed line is the two-bed median of each year in the building.
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 408 sits
All 91 2-beds →408 last sold in April 2010 at AED 715 per sqft, 20% below what two-beds in Al Majara Tower 2 were fetching at the time (AED 890). 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. 408's AED 120,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20262 October 2026 | 1,408 sqft | 3,575,000 | 2,539 | ||
| 14 Aug 202614 August 2026 | 1,579 sqft | 3,550,000 | 2,248 | ||
| 29 Jun 202629 June 2026 | 1,408 sqft | 3,050,000 | 2,166 | ||
| 3 Jun 20263 June 2026 | 1,579 sqft | 3,700,000 | 2,343 |
Al Majara Tower 2
Building246 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%
Other units on the 4th floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 971 sqft | AED 2.13MAED 2,125,000 · Jan 2026January 2026 | 115,000 /yr | |
| 402 | 2-bed | 1,579 sqft | AED 2.32MAED 2,320,000 · Oct 2024October 2024 | 59,946 /yr | |
| 403 | 1-bed | 974 sqft | AED 686KAED 685,800 · Jul 2011July 2011 | 130,000 /yr | |
| 404 | 2-bed | 1,408 sqft | AED 1.75MAED 1,750,000 · Jul 2019July 2019 | 165,000 /yr | |
| 405 | 1-bed | 841 sqft | AED 800KAED 800,000 · Oct 2013October 2013 | 80,000 /yr | |
| 406 | 1-bed | 945 sqft | AED 1.7MAED 1,700,000 · Jan 2025January 2025 | 110,000 /yr | |
| 407 | 1-bed | 842 sqft | AED 1.43MAED 1,425,000 · Oct 2026October 2026 | 92,500 /yr |
408, Al Majara Tower 2 in numbers
- Sold once: by Emaar on 4 April 2010 for AED 931,888, or AED 715 per sqft.
- Rented since June 2013 on 16 Ejari contracts. The rent fell from AED 103,998 to AED 85,000 in 2021 and recovered to AED 120,000 by September 2026.
- At AED 120,000 a year the gross yield on the 2010 price is 12.9%, before a service charge of about AED 19,700 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 25 September 2026.
Questions about 408, Al Majara Tower 2
What did unit 408 last sell for?
AED 931,888 on 4 April 2010, sold by the developer: AED 715 per sqft for 1,303 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 120,000 a year on the contract signed on 25 September 2026. The previous contract, from May 2025, was AED 145,000; the unit has been rented since June 2013.
How big is unit 408?
1,303 sqft (121.1 sqm): a two-bedroom apartment on the 4th floor of a 31-storey tower completed in 2006.
What is unit 408 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 408, Al Majara Tower 2
Starts from the last sale price (AED 932K, 4 April 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 931,888
- Deposit, UAE resident (20%)
- AED 186,378
- Deposit, non-resident (40%)
- AED 372,755
- Monthly over 25 years at 3.7%
- AED 3,813
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →