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1-bed · 1,026 sqftAl Majara Tower 2, Dubai Marina · Ground floor · completed 2006

M1, Al Majara Tower 2

Sold prices and rental history: sold twice, last in March 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit M1 · DLD and Ejari recordsUpdated 6 March 2013
Last soldAED 1.22M6 March 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M1, Al Majara Tower 2

What is M1 worth today?

Last sold for AED 1,220,000 in 2013

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6 Mar 2013SoldReady
AED 1,220,000AED 1,189 per sqft
26 Nov 2008Sold by developerReady
AED 758,449AED 739 per sqft

Source: Dubai Land Department. Updated 6 March 2013.

Key facts

Type
1-bed apartment
Size
1,026 sqft
Floor
Ground of 31
Parking
160
Developer
Emaar
Completed
2006
Service charge
AED 15,500 /yr
Last sold
AED 1.22M · March 2013
Building
Al Majara Tower 2

About M1, Al Majara Tower 2

M1 is a one-bedroom apartment of 1,026 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 6 March 2013 for AED 1,220,000, or AED 1,189 per sqft, 7% above the AED 1,111 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for M1 over time

Sales
Unit M1, 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 758,449 (AED 739 per sqft)Sold, March 2013: AED 1,220,000 (AED 1,189 per sqft)

M1 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit M1, 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 M1 sits

All 149 1-beds →

M1 last sold in March 2013 at AED 1,189 per sqft, 7% above what one-beds in Al Majara Tower 2 were fetching at the time (AED 1,111). 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 ground floor

All 246 units in Al Majara Tower 2
Value
G011-bedAED 621K · Mar 2018
G082-bedAED 1.34M · Oct 2021
M082-bedAED 2.4M · Mar 2024
M21-bedAED 2M · Jan 2017
M31-bedAED 728K · Apr 2010

M1, Al Majara Tower 2 in numbers

  • Sold twice: first on 26 November 2008 for AED 758,449, last on 6 March 2013 for AED 1,220,000 (AED 1,189 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 6 March 2013.

Questions about M1, Al Majara Tower 2

What did unit M1 last sell for?

AED 1,220,000 on 6 March 2013: AED 1,189 per sqft for 1,026 sqft. The unit has 2 registered sales; the first was AED 758,449 in November 2008.

How big is unit M1?

1,026 sqft (95.3 sqm): a one-bedroom apartment on the ground floor of a 31-storey tower completed in 2006.

What is unit M1 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 M1, Al Majara Tower 2

Starts from the last sale price (AED 1.22M, 6 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,220,000
Deposit, UAE resident (20%)
AED 244,000
Deposit, non-resident (40%)
AED 488,000
Monthly over 25 years at 3.7%
AED 4,991

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