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1-bed · 945 sqftAl Majara Tower 2, Dubai Marina · 7th floor · completed 2006

706, Al Majara Tower 2

Sold prices and rental history: sold once, by the developer in November 2008, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 4 November 2008
Last soldAED 450K4 November 2008
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 706, Al Majara Tower 2

What is 706 worth today?

Last sold for AED 450,000 in 2008

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4 Nov 2008Sold by developerReady
AED 450,000AED 476 per sqft

Source: Dubai Land Department. Updated 4 November 2008.

Key facts

Type
1-bed apartment
Size
945 sqft
Floor
7th of 31
Parking
321
Developer
Emaar
Completed
2006
Service charge
AED 14,300 /yr
Last sold
AED 450K · November 2008
Building
Al Majara Tower 2

About 706, Al Majara Tower 2

706 is a one-bedroom apartment of 945 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 4 November 2008 for AED 450,000, or AED 476 per sqft, 48% below the AED 909 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 706 over time

Sales
Unit 706, 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, November 2008: AED 450,000 (AED 476 per sqft)

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

Rents
Unit 706, each contractTypical one-bed in Al Majara Tower 2
75K100K125K20112015201920232027Typical 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 105,000

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 706 sits

All 149 1-beds →

706 last sold in November 2008 at AED 476 per sqft, 48% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 909). 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.

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
7011-bedAED 341K · Jul 2010
7022-bedAED 1.25M · Feb 2016
7031-bedAED 1.28M · Jul 2015
7042-bedAED 3.58M · Oct 2026
7051-bedAED 1.45M · Jan 2023
7071-bedAED 247K · Dec 2007
7082-bedAED 1.28M · Apr 2009

706, Al Majara Tower 2 in numbers

  • Sold once: by Emaar on 4 November 2008 for AED 450,000, or AED 476 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 4 November 2008.

Questions about 706, Al Majara Tower 2

What did unit 706 last sell for?

AED 450,000 on 4 November 2008, sold by the developer: AED 476 per sqft for 945 sqft. It is the only registered sale of the unit.

How big is unit 706?

945 sqft (87.8 sqm): a one-bedroom apartment on the 7th floor of a 31-storey tower completed in 2006.

What is unit 706 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 706, Al Majara Tower 2

Starts from the last sale price (AED 450K, 4 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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