1-bed · 971 sqftAl Majara Tower 2, Dubai Marina · 9th floor · completed 2006

901, Al Majara Tower 2

Sold prices and rental history: sold twice, last in June 2023, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 901 · DLD and Ejari recordsUpdated 19 June 2023
Last soldAED 1.72M19 June 2023
Current rentAED 70K /yr15 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 901, Al Majara Tower 2

What is 901 worth today?

Last sold for AED 1,720,000 in 2023

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19 Jun 2023SoldReady
AED 1,720,000AED 1,771 per sqft
15 Feb 2022RentedRenewal
AED 70,000/yr12 months · AED 72 per sqft
15 Feb 2021RentedNew contract
AED 70,000/yr12 months · AED 72 per sqft
1 Nov 2017RentedNew contract
AED 123,000/yr12 months · AED 127 per sqft
23 Oct 2008Sold by developerReady
AED 811,888AED 836 per sqft

Source: Dubai Land Department. Updated 19 June 2023.

Key facts

Type
1-bed apartment
Size
971 sqft
Floor
9th of 31
Parking
547
Developer
Emaar
Completed
2006
Service charge
AED 14,700 /yr
Last sold
AED 1.72M · June 2023

About 901, Al Majara Tower 2

901 is a one-bedroom apartment of 971 sqft on the 9th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 19 June 2023 for AED 1,720,000, or AED 1,771 per sqft, 9% above the AED 1,624 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 15 February 2022, is AED 70,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 14,700 a year.

Sales and rents for 901 over time

Sales
Unit 901, 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, October 2008: AED 811,888 (AED 836 per sqft)Sold, June 2023: AED 1,720,000 (AED 1,771 per sqft)

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

Rents
Unit 901, each contractTypical one-bed in Al Majara Tower 2
100K20112015201920232027Typical 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 2017: AED 123,000 a yearNew contract, February 2021: AED 70,000 a yearRenewal, February 2022: AED 70,000 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 901 sits

All 149 1-beds →

901 last sold in June 2023 at AED 1,771 per sqft, 9% above what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,624). 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. 901's AED 70,000 is in the lower half 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 9th floor

All 246 units in Al Majara Tower 2
Value
9022-bedAED 1.55M · Oct 2013
9031-bedAED 2.15M · Jul 2024
9042-bedAED 3.85M · Sep 2024
9051-bedAED 600K · Feb 2013
9061-bedAED 1.25M · Feb 2013
9071-bedAED 252K · Nov 2008
9082-bedAED 2.65M · Dec 2024

901, Al Majara Tower 2 in numbers

  • Sold twice: first on 23 October 2008 for AED 811,888, last on 19 June 2023 for AED 1,720,000 (AED 1,771 per sqft).
  • Rented since November 2017 on 3 Ejari contracts, from AED 123,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 4.1%, 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 19 June 2023.

Questions about 901, Al Majara Tower 2

What did unit 901 last sell for?

AED 1,720,000 on 19 June 2023: AED 1,771 per sqft for 971 sqft. The unit has 2 registered sales; the first was AED 811,888 in October 2008.

What is the rent for unit 901?

AED 70,000 a year on the contract renewed on 15 February 2022. The previous contract, from February 2021, was AED 70,000; the unit has been rented since November 2017.

How big is unit 901?

971 sqft (90.2 sqm): a one-bedroom apartment on the 9th floor of a 31-storey tower completed in 2006.

What is unit 901 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 901, Al Majara Tower 2

Starts from the last sale price (AED 1.72M, 19 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,720,000
Deposit, UAE resident (20%)
AED 344,000
Deposit, non-resident (40%)
AED 688,000
Monthly over 25 years at 3.7%
AED 7,037

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