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1-bed · 971 sqftAl Majara Tower 2, Dubai Marina · 7th floor · completed 2006

701, Al Majara Tower 2

Sold prices and rental history: sold once, by the developer in July 2010, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 20 May 2021
Last soldAED 341K5 July 2010
Current rentAED 60K /yr20 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, Al Majara Tower 2

What is 701 worth today?

Last sold for AED 341,400 in 2010

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20 May 2021RentedNew contract
AED 60,000/yr12 months · AED 62 per sqft
12 Nov 2014RentedNew contract
AED 110,000/yr12 months · AED 114 per sqft
12 Nov 2013RentedNew contract
AED 110,000/yr12 months · AED 114 per sqft
5 Jul 2010Sold by developerReady
AED 341,400AED 351 per sqft

Source: Dubai Land Department. Updated 20 May 2021.

Key facts

Type
1-bed apartment
Size
971 sqft
Floor
7th of 31
Parking
316
Developer
Emaar
Completed
2006
Service charge
AED 14,700 /yr
Last sold
AED 341K · July 2010
Building
Al Majara Tower 2

About 701, Al Majara Tower 2

701 is a one-bedroom apartment of 971 sqft on the 7th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 5 July 2010 for AED 341,400, or AED 351 per sqft, 48% below the AED 672 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 20 May 2021, is AED 60,000 a year: a gross yield of 17.6% on the 2010 price, before the service charge of about AED 14,700 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical one-bed in Al Majara Tower 2
1M2M20072012201720222027Typical sale price by year: 2007 AED 402,950; 2008 AED 880,000; 2009 AED 799,800; 2010 AED 640,000; 2011 AED 732,400; 2012 AED 1,000,000; 2013 AED 990,000; 2014 AED 1,650,000; 2015 AED 1,600,000; 2016 AED 1,450,000; 2017 AED 1,495,000; 2018 AED 1,215,328; 2019 AED 1,085,000; 2020 AED 1,000,000; 2021 AED 1,100,000; 2022 AED 1,450,000; 2023 AED 1,500,000; 2024 AED 1,825,000; 2025 AED 1,825,000; 2026 AED 1,675,000Sold by developer, July 2010: AED 341,400 (AED 351 per sqft)

701 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 701, each contractTypical one-bed in Al Majara Tower 2
50K100K20112015201920232027Typical rent by year: 2011 AED 65,000; 2012 AED 75,000; 2013 AED 95,000; 2014 AED 113,000; 2015 AED 120,000; 2016 AED 119,678; 2017 AED 105,000; 2018 AED 92,000; 2019 AED 80,002; 2020 AED 70,000; 2021 AED 70,000; 2022 AED 81,950; 2023 AED 90,000; 2024 AED 105,000; 2025 AED 110,000; 2026 AED 105,000New contract, November 2013: AED 110,000 a yearNew contract, November 2014: AED 110,000 a yearNew contract, May 2021: AED 60,000 a year

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 701 sits

All 149 1-beds →

701 last sold in July 2010 at AED 351 per sqft, 48% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 672). 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. 701's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Oct 20261,425,000
11 Sep 20262,110,000
21 Jul 20261,700,000
21 May 20261,400,000
8 1-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 7th floor

All 246 units in Al Majara Tower 2
Value
7022-bedAED 1.25M · Feb 2016
7031-bedAED 1.28M · Jul 2015
7042-bedAED 3.58M · Oct 2026
7051-bedAED 1.45M · Jan 2023
7061-bedAED 450K · Nov 2008
7071-bedAED 247K · Dec 2007
7082-bedAED 1.28M · Apr 2009

701, Al Majara Tower 2 in numbers

  • Sold once: by Emaar on 5 July 2010 for AED 341,400, or AED 351 per sqft.
  • Rented since November 2013 on 3 Ejari contracts, from AED 110,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2010 price is 17.6%, 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 20 May 2021.

Questions about 701, Al Majara Tower 2

What did unit 701 last sell for?

AED 341,400 on 5 July 2010, sold by the developer: AED 351 per sqft for 971 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 60,000 a year on the contract signed on 20 May 2021. The previous contract, from November 2014, was AED 110,000; the unit has been rented since November 2013.

How big is unit 701?

971 sqft (90.2 sqm): a one-bedroom apartment on the 7th floor of a 31-storey tower completed in 2006.

What is unit 701 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 701, Al Majara Tower 2

Starts from the last sale price (AED 341K, 5 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 341,400
Deposit, UAE resident (20%)
AED 68,280
Deposit, non-resident (40%)
AED 136,560
Monthly over 25 years at 3.7%
AED 1,397

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