503, Al Majara Tower 2
Sold prices and rental history: sold 4 times, last in November 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Al Majara Tower 2
What is 503 worth today?
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Source: Dubai Land Department. Updated 22 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 974 sqft
- Floor
- 5th of 31
- Parking
- 302
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 14,700 /yr
- Last sold
- AED 2.3M · November 2024
- Building
- Al Majara Tower 2
About 503, Al Majara Tower 2
503 is a one-bedroom apartment of 974 sqft on the 5th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 22 November 2024 for AED 2,300,000, or AED 2,361 per sqft, 23% above the AED 1,921 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 100,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 14,700 a year.
Sales and rents for 503 over time
503 has sold 4 times; the dashed line is the one-bed median of each year in the building.
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 503 sits
All 149 1-beds →503 last sold in November 2024 at AED 2,361 per sqft, 23% above what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,921). 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. 503's AED 100,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Oct 202623 October 2026 | 842 sqft | 1,425,000 | 1,692 | ||
| 11 Sep 202611 September 2026 | 841 sqft | 2,110,000 | 2,508 | ||
| 21 Jul 202621 July 2026 | 841 sqft | 1,700,000 | 2,021 | ||
| 21 May 202621 May 2026 | 842 sqft | 1,400,000 | 1,662 |
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 5th floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 971 sqft | AED 1.13MAED 1,130,000 · Apr 2008April 2008 | 110,000 /yr | |
| 502 | 2-bed | 1,579 sqft | AED 2.1MAED 2,100,000 · Jan 2009January 2009 | 185,000 /yr | |
| 504 | 2-bed | 1,408 sqft | AED 1.45MAED 1,450,000 · Jun 2011June 2011 | ||
| 505 | 1-bed | 841 sqft | AED 577KAED 576,800 · Aug 2010August 2010 | 88,000 /yr | |
| 506 | 1-bed | 945 sqft | AED 1.42MAED 1,415,000 · Jun 2024June 2024 | 105,000 /yr | |
| 507 | 1-bed | 842 sqft | AED 1.03MAED 1,025,000 · Jan 2019January 2019 | 75,000 /yr | |
| 508 | 2-bed | 1,303 sqft | AED 2.2MAED 2,200,000 · Oct 2025October 2025 | 90,000 /yr |
503, Al Majara Tower 2 in numbers
- Sold 4 times: first on 15 January 2009 for AED 1,110,358, last on 22 November 2024 for AED 2,300,000 (AED 2,361 per sqft).
- Rented since May 2019 on 5 Ejari contracts. The rent fell from AED 90,000 to AED 75,000 in 2021 and recovered to AED 100,000 by September 2023.
- At AED 100,000 a year the gross yield on the 2024 price is 4.3%, 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 22 November 2024.
Questions about 503, Al Majara Tower 2
What did unit 503 last sell for?
AED 2,300,000 on 22 November 2024: AED 2,361 per sqft for 974 sqft. The unit has 4 registered sales; the first was AED 1,110,358 in January 2009.
What is the rent for unit 503?
AED 100,000 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 100,000; the unit has been rented since May 2019.
How big is unit 503?
974 sqft (90.5 sqm): a one-bedroom apartment on the 5th floor of a 31-storey tower completed in 2006.
What is unit 503 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 503, Al Majara Tower 2
Starts from the last sale price (AED 2.3M, 22 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →