506, Al Majara Tower 2
Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Al Majara Tower 2
What is 506 worth today?
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Source: Dubai Land Department. Updated 14 August 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 945 sqft
- Floor
- 5th of 31
- Parking
- 305
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 14,300 /yr
- Last sold
- AED 1.42M · June 2024
- Building
- Al Majara Tower 2
About 506, Al Majara Tower 2
506 is a one-bedroom apartment of 945 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 6 June 2024 for AED 1,415,000, or AED 1,497 per sqft, 13% below the AED 1,722 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 11 Ejari contracts. The current contract, renewed on 14 August 2025, is AED 105,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 14,300 a year.
Sales and rents for 506 over time
506 has sold twice; 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 506 sits
All 149 1-beds →506 last sold in June 2024 at AED 1,497 per sqft, 13% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,722). 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. 506's AED 105,000 is in the upper 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 | |
| 503 | 1-bed | 974 sqft | AED 2.3MAED 2,300,000 · Nov 2024November 2024 | 100,000 /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 | |
| 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 |
506, Al Majara Tower 2 in numbers
- Sold twice: first on 10 February 2011 for AED 1,300,000, last on 6 June 2024 for AED 1,415,000 (AED 1,497 per sqft).
- Rented since January 2016 on 11 Ejari contracts. The rent fell from AED 95,000 to AED 68,000 in 2021 and recovered to AED 105,000 by August 2025.
- At AED 105,000 a year the gross yield on the 2024 price is 7.4%, before a service charge of about AED 14,300 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 14 August 2025.
Questions about 506, Al Majara Tower 2
What did unit 506 last sell for?
AED 1,415,000 on 6 June 2024: AED 1,497 per sqft for 945 sqft. The unit has 2 registered sales; the first was AED 1,300,000 in February 2011.
What is the rent for unit 506?
AED 105,000 a year on the contract renewed on 14 August 2025. The previous contract, from August 2025, was AED 105,000; the unit has been rented since January 2016.
How big is unit 506?
945 sqft (87.8 sqm): a one-bedroom apartment on the 5th floor of a 31-storey tower completed in 2006.
What is unit 506 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 506, Al Majara Tower 2
Starts from the last sale price (AED 1.42M, 6 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,415,000
- Deposit, UAE resident (20%)
- AED 283,000
- Deposit, non-resident (40%)
- AED 566,000
- Monthly over 25 years at 3.7%
- AED 5,789
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →