2-bed · 1,408 sqftAl Majara Tower 2, Dubai Marina · 5th floor · completed 2006

504, Al Majara Tower 2

Sold prices and rental history: sold twice, last in June 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 23 June 2011
Last soldAED 1.45M23 June 2011
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Al Majara Tower 2

What is 504 worth today?

Last sold for AED 1,450,000 in 2011

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23 Jun 2011SoldReady
AED 1,450,000AED 1,029 per sqft
8 Feb 2009Sold by developerReady
AED 1,300,000AED 923 per sqft

Source: Dubai Land Department. Updated 23 June 2011.

Key facts

Type
2-bed apartment
Size
1,408 sqft
Floor
5th of 31
Parking
303
Developer
Emaar
Completed
2006
Service charge
AED 21,300 /yr
Last sold
AED 1.45M · June 2011

About 504, Al Majara Tower 2

504 is a two-bedroom apartment of 1,408 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 23 June 2011 for AED 1,450,000, or AED 1,029 per sqft, 25% above the AED 824 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 504 over time

Sales
Unit 504, 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, February 2009: AED 1,300,000 (AED 923 per sqft)Sold, June 2011: AED 1,450,000 (AED 1,029 per sqft)

504 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 504, 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 504 sits

All 91 2-beds →

504 last sold in June 2011 at AED 1,029 per sqft, 25% above what two-beds in Al Majara Tower 2 were fetching at the time (AED 824). 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 5th floor

All 246 units in Al Majara Tower 2
Value
5011-bedAED 1.13M · Apr 2008
5022-bedAED 2.1M · Jan 2009
5031-bedAED 2.3M · Nov 2024
5051-bedAED 577K · Aug 2010
5061-bedAED 1.42M · Jun 2024
5071-bedAED 1.03M · Jan 2019
5082-bedAED 2.2M · Oct 2025

504, Al Majara Tower 2 in numbers

  • Sold twice: first on 8 February 2009 for AED 1,300,000, last on 23 June 2011 for AED 1,450,000 (AED 1,029 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 23 June 2011.

Questions about 504, Al Majara Tower 2

What did unit 504 last sell for?

AED 1,450,000 on 23 June 2011: AED 1,029 per sqft for 1,408 sqft. The unit has 2 registered sales; the first was AED 1,300,000 in February 2009.

How big is unit 504?

1,408 sqft (130.8 sqm): a two-bedroom apartment on the 5th floor of a 31-storey tower completed in 2006.

What is unit 504 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 504, Al Majara Tower 2

Starts from the last sale price (AED 1.45M, 23 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

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