406, Al Majara Tower 3
Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Al Majara Tower 3
What is 406 worth today?
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Source: Dubai Land Department. Updated 15 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,401 sqft
- Floor
- 4th of 9
- Parking
- 456 , 457
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 21,200 /yr
- Last sold
- AED 502K · July 2010
- Building
- Al Majara Tower 3
About 406, Al Majara Tower 3
406 is a two-bedroom apartment of 1,401 sqft on the 4th floor of Al Majara Tower 3, a 9-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 5 July 2010 for AED 502,444, or AED 358 per sqft, 34% below the AED 542 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 12 Ejari contracts. The current contract, renewed on 15 August 2024, is AED 140,000 a year: a gross yield of 27.9% on the 2010 price, before the service charge of about AED 21,200 a year.
Sales and rents for 406 over time
406 has sold once; 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 3, and where 406 sits
All 35 2-beds →406 last sold in July 2010 at AED 358 per sqft, 34% below what two-beds in Al Majara Tower 3 were fetching at the time (AED 542). Over the last 12 months two-beds sold for AED 2,550,000 to 3,700,000, around AED 2,230 per sqft, and rent for AED 123,000 to 225,000 a year. 406's AED 140,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Oct 20269 October 2026 | 1,401 sqft | 3,700,000 | 2,640 | ||
| 12 Dec 202512 December 2025 | 1,401 sqft | 2,550,000 | 1,820 | ||
| 16 Jun 202516 June 2025 | 1,401 sqft | 2,925,000 | 2,087 | ||
| 19 Sep 202419 September 2024 | 1,386 sqft | 3,275,000 | 2,362 |
Al Majara Tower 3
Building55 apartments, 1-bed to 3-bed over 9 floors in Dubai Marina, completed in 2006 by Emaar. 2 sold in the last 12 months.
- Typical price per sqft
- AED 2,230
- Typical sale
- AED 3.13M
- Typical rent
- AED 139K /yr
- Typical yield
- 5.2%
Other units on the 4th floor
All 55 units in Al Majara Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,401 sqft | AED 2.05MAED 2,050,000 · Mar 2018March 2018 | 137,000 /yr | |
| 402 | 1-bed | 869 sqft | AED 540KAED 540,000 · Dec 2012December 2012 | 95,000 /yr | |
| 403 | 2-bed | 1,386 sqft | AED 1.52MAED 1,520,000 · Mar 2019March 2019 | 170,000 /yr | |
| 404 | 2-bed | 1,386 sqft | AED 1.04MAED 1,035,888 · Mar 2011March 2011 | 177,000 /yr | |
| 405 | 1-bed | 869 sqft | AED 733KAED 732,888 · Aug 2013August 2013 | 80,000 /yr |
406, Al Majara Tower 3 in numbers
- Sold once: by Emaar on 5 July 2010 for AED 502,444, or AED 358 per sqft.
- Rented since September 2014 on 12 Ejari contracts. The rent fell from AED 170,000 to AED 100,000 in 2021 and recovered to AED 140,000 by August 2024.
- At AED 140,000 a year the gross yield on the 2010 price is 27.9%, before a service charge of about AED 21,200 a year (AED 15.11 per sqft).
- Two-beds in Al Majara Tower 3 sold for AED 2,550,000–3,700,000 in the 12 months to November 2026; the building's median across all types is AED 2,230 per sqft.
Source: Dubai Land Department. Updated 15 August 2024.
Questions about 406, Al Majara Tower 3
What did unit 406 last sell for?
AED 502,444 on 5 July 2010, sold by the developer: AED 358 per sqft for 1,401 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 140,000 a year on the contract renewed on 15 August 2024. The previous contract, from August 2024, was AED 140,000; the unit has been rented since September 2014.
How big is unit 406?
1,401 sqft (130.2 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2006.
What is unit 406 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 3 sold for AED 2,550,000 to 3,700,000 in the last 12 months, around AED 2,230 per sqft.
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Mortgage on 406, Al Majara Tower 3
Starts from the last sale price (AED 502K, 5 July 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 502,444
- Deposit, UAE resident (20%)
- AED 100,489
- Deposit, non-resident (40%)
- AED 200,978
- Monthly over 25 years at 3.7%
- AED 2,056
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →