M08, Al Majara Tower 2
Sold prices and rental history: sold 3 times, last in March 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for M08, Al Majara Tower 2
What is M08 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 11 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,521 sqft
- Floor
- Ground of 31
- Parking
- 163
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 23,000 /yr
- Last sold
- AED 2.4M · March 2024
- Building
- Al Majara Tower 2
About M08, Al Majara Tower 2
M08 is a two-bedroom apartment of 1,521 sqft on the ground floor of Al Majara Tower 2, a 31-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 11 March 2024 for AED 2,400,000, or AED 1,577 per sqft, 17% below the AED 1,909 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 20 August 2023, is AED 92,400 a year: a gross yield of 3.9% on the 2024 price, before the service charge of about AED 23,000 a year.
Sales and rents for M08 over time
M08 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 M08 sits
All 91 2-beds →M08 last sold in March 2024 at AED 1,577 per sqft, 17% below what two-beds in Al Majara Tower 2 were fetching at the time (AED 1,909). 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. M08's AED 92,400 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20262 October 2026 | 1,408 sqft | 3,575,000 | 2,539 | ||
| 14 Aug 202614 August 2026 | 1,579 sqft | 3,550,000 | 2,248 | ||
| 29 Jun 202629 June 2026 | 1,408 sqft | 3,050,000 | 2,166 | ||
| 3 Jun 20263 June 2026 | 1,579 sqft | 3,700,000 | 2,343 |
Al Majara Tower 2
Building246 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%
Other units on the ground floor
All 246 units in Al Majara Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| G01 | 1-bed | 971 sqft | AED 621KAED 620,800 · Mar 2018March 2018 | 90,000 /yr | |
| G08 | 2-bed | 1,303 sqft | AED 1.34MAED 1,342,554 · Oct 2021October 2021 | 170,000 /yr | |
| M1 | 1-bed | 1,026 sqft | AED 1.22MAED 1,220,000 · Mar 2013March 2013 | ||
| M2 | 1-bed | 1,463 sqft | AED 2MAED 2,000,000 · Jan 2017January 2017 | 125,000 /yr | |
| M3 | 1-bed | 1,099 sqft | AED 728KAED 727,980 · Apr 2010April 2010 | 120,000 /yr |
M08, Al Majara Tower 2 in numbers
- Sold 3 times: first on 30 August 2012 for AED 1,400,000, last on 11 March 2024 for AED 2,400,000 (AED 1,577 per sqft).
- Rented since November 2012 on 6 Ejari contracts. The rent fell from AED 120,000 to AED 80,000 in 2021 and recovered to AED 92,400 by August 2023.
- At AED 92,400 a year the gross yield on the 2024 price is 3.9%, before a service charge of about AED 23,000 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 11 March 2024.
Questions about M08, Al Majara Tower 2
What did unit M08 last sell for?
AED 2,400,000 on 11 March 2024: AED 1,577 per sqft for 1,521 sqft. The unit has 3 registered sales; the first was AED 1,400,000 in August 2012.
What is the rent for unit M08?
AED 92,400 a year on the contract signed on 20 August 2023. The previous contract, from August 2022, was AED 88,000; the unit has been rented since November 2012.
How big is unit M08?
1,521 sqft (141.3 sqm): a two-bedroom apartment on the ground floor of a 31-storey tower completed in 2006.
What is unit M08 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.
Selling M08? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on M08, Al Majara Tower 2
Starts from the last sale price (AED 2.4M, 11 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,400,000
- Deposit, UAE resident (20%)
- AED 480,000
- Deposit, non-resident (40%)
- AED 960,000
- Monthly over 25 years at 3.7%
- AED 9,819
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →