2-bed · 1,408 sqftAl Majara Tower 2, Dubai Marina · 9th floor · completed 2006

904, Al Majara Tower 2

Sold prices and rental history: sold 3 times, last in September 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 904 · DLD and Ejari recordsUpdated 30 September 2024
Last soldAED 3.85M30 September 2024
Current rentAED 94K /yr3 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 904, Al Majara Tower 2

What is 904 worth today?

Last sold for AED 3,850,000 in 2024

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30 Sep 2024SoldReady
AED 3,850,000AED 2,734 per sqft
31 Jan 2024SoldReady
AED 2,725,000AED 1,935 per sqft
3 Jan 2023RentedRenewal
AED 93,500/yr12 months · AED 66 per sqft
3 Jan 2022RentedNew contract
AED 93,500/yr12 months · AED 66 per sqft
3 Jan 2021RentedNew contract
AED 85,000/yr12 months · AED 60 per sqft
10 Nov 2019RentedNew contract
AED 120,000/yr12 months · AED 85 per sqft
15 Nov 2018RentedRenewal
AED 134,759/yr12 months · AED 96 per sqft
15 Nov 2017RentedNew contract
AED 140,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 30 September 2024.

Key facts

Type
2-bed apartment
Size
1,408 sqft
Floor
9th of 31
Parking
516
Developer
Emaar
Completed
2006
Service charge
AED 21,300 /yr
Last sold
AED 3.85M · September 2024

About 904, Al Majara Tower 2

904 is a two-bedroom apartment of 1,408 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 30 September 2024 for AED 3,850,000, or AED 2,734 per sqft, 38% above the AED 1,987 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 3 January 2023, is AED 93,500 a year: a gross yield of 2.4% on the 2024 price, before the service charge of about AED 21,300 a year.

Sales and rents for 904 over time

Sales
Unit 904, 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, May 2012: AED 1,069,800 (AED 759 per sqft)Sold, January 2024: AED 2,725,000 (AED 1,935 per sqft)Sold, September 2024: AED 3,850,000 (AED 2,734 per sqft)

904 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 904, 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 160,000New contract, October 2013: AED 120,000 a yearNew contract, October 2014: AED 139,000 a yearRenewal, October 2015: AED 150,000 a yearNew contract, November 2017: AED 140,000 a yearRenewal, November 2018: AED 134,759 a yearNew contract, November 2019: AED 120,000 a yearNew contract, January 2021: AED 85,000 a yearNew contract, January 2022: AED 93,500 a yearRenewal, January 2023: AED 93,500 a year

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 904 sits

All 91 2-beds →

904 last sold in September 2024 at AED 2,734 per sqft, 38% above what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,987). 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. 904's AED 93,500 is at the bottom of that range.

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 9th floor

All 246 units in Al Majara Tower 2
Value
9011-bedAED 1.72M · Jun 2023
9022-bedAED 1.55M · Oct 2013
9031-bedAED 2.15M · Jul 2024
9051-bedAED 600K · Feb 2013
9061-bedAED 1.25M · Feb 2013
9071-bedAED 252K · Nov 2008
9082-bedAED 2.65M · Dec 2024

904, Al Majara Tower 2 in numbers

  • Sold 3 times: first on 28 May 2012 for AED 1,069,800, last on 30 September 2024 for AED 3,850,000 (AED 2,734 per sqft).
  • Rented since October 2013 on 9 Ejari contracts, from AED 120,000 to AED 93,500 a year.
  • At AED 93,500 a year the gross yield on the 2024 price is 2.4%, before a service charge of about AED 21,300 a year (AED 15.11 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 30 September 2024.

Questions about 904, Al Majara Tower 2

What did unit 904 last sell for?

AED 3,850,000 on 30 September 2024: AED 2,734 per sqft for 1,408 sqft. The unit has 3 registered sales; the first was AED 1,069,800 in May 2012.

What is the rent for unit 904?

AED 93,500 a year on the contract renewed on 3 January 2023. The previous contract, from January 2022, was AED 93,500; the unit has been rented since October 2013.

How big is unit 904?

1,408 sqft (130.8 sqm): a two-bedroom apartment on the 9th floor of a 31-storey tower completed in 2006.

What is unit 904 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 904, Al Majara Tower 2

Starts from the last sale price (AED 3.85M, 30 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,850,000
Deposit, UAE resident (20%)
AED 770,000
Deposit, non-resident (40%)
AED 1,540,000
Monthly over 25 years at 3.7%
AED 15,752

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