1-bed · 842 sqftAl Majara Tower 2, Dubai Marina · 9th floor · completed 2006

907, Al Majara Tower 2

Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 907 · DLD and Ejari recordsUpdated 15 January 2023
Last soldAED 252K12 November 2008
Current rentAED 88K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 907, Al Majara Tower 2

What is 907 worth today?

Last sold for AED 251,900 in 2008

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15 Jan 2023RentedRenewal
AED 88,000/yr12 months · AED 105 per sqft
15 Jan 2022RentedNew contract
AED 81,500/yr12 months · AED 97 per sqft
17 Oct 2020RentedNew contract
AED 60,000/yr12 months · AED 71 per sqft
1 Nov 2018RentedNew contract
AED 80,000/yr12 months · AED 95 per sqft
3 Oct 2017RentedNew contract
AED 89,000/yr12 months · AED 106 per sqft
13 Oct 2016RentedNew contract
AED 110,000/yr12 months · AED 131 per sqft
24 Aug 2014RentedNew contract
AED 125,000/yr12 months · AED 149 per sqft
15 Aug 2013RentedNew contract
AED 98,715/yr12 months · AED 118 per sqft

Source: Dubai Land Department. Updated 15 January 2023.

Key facts

Type
1-bed apartment
Size
842 sqft
Floor
9th of 31
Parking
726
Developer
Emaar
Completed
2006
Service charge
AED 12,700 /yr
Last sold
AED 252K · November 2008

About 907, Al Majara Tower 2

907 is a one-bedroom apartment of 842 sqft on the 9th floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 12 November 2008 for AED 251,900, or AED 299 per sqft, 66% below the AED 887 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 15 January 2023, is AED 88,000 a year: a gross yield of 34.9% on the 2008 price, before the service charge of about AED 12,700 a year.

Sales and rents for 907 over time

Sales
Unit 907, each saleTypical one-bed in Al Majara Tower 2
01M2M20072012201720222027Typical 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 251,900 (AED 299 per sqft)

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

Rents
Unit 907, 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, August 2013: AED 98,715 a yearNew contract, August 2014: AED 125,000 a yearNew contract, October 2016: AED 110,000 a yearNew contract, October 2017: AED 89,000 a yearNew contract, November 2018: AED 80,000 a yearNew contract, October 2020: AED 60,000 a yearNew contract, January 2022: AED 81,500 a yearRenewal, January 2023: AED 88,000 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 907 sits

All 149 1-beds →

907 last sold in November 2008 at AED 299 per sqft, 66% below what one-beds in Al Majara Tower 2 were fetching at the time (AED 887). 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. 907's AED 88,000 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
9011-bedAED 1.72M · Jun 2023
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
9082-bedAED 2.65M · Dec 2024

907, Al Majara Tower 2 in numbers

  • Sold once: by Emaar on 12 November 2008 for AED 251,900, or AED 299 per sqft.
  • Rented since August 2013 on 8 Ejari contracts. The rent fell from AED 98,715 to AED 60,000 in 2020 and recovered to AED 88,000 by January 2023.
  • At AED 88,000 a year the gross yield on the 2008 price is 34.9%, before a service charge of about AED 12,700 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 15 January 2023.

Questions about 907, Al Majara Tower 2

What did unit 907 last sell for?

AED 251,900 on 12 November 2008, sold by the developer: AED 299 per sqft for 842 sqft. It is the only registered sale of the unit.

What is the rent for unit 907?

AED 88,000 a year on the contract renewed on 15 January 2023. The previous contract, from January 2022, was AED 81,500; the unit has been rented since August 2013.

How big is unit 907?

842 sqft (78.2 sqm): a one-bedroom apartment on the 9th floor of a 31-storey tower completed in 2006.

What is unit 907 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 907, Al Majara Tower 2

Starts from the last sale price (AED 252K, 12 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 251,900
Deposit, UAE resident (20%)
AED 50,380
Deposit, non-resident (40%)
AED 100,760
Monthly over 25 years at 3.7%
AED 1,031

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