705, Al Majara Tower 3
Sold prices and rental history: sold 3 times, last in January 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 705, Al Majara Tower 3
What is 705 worth today?
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Source: Dubai Land Department. Updated 27 January 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 443 sqft
- Floor
- 7th of 9
- Parking
- 715
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 6,700 /yr
- Last sold
- AED 600K · January 2021
- Building
- Al Majara Tower 3
About 705, Al Majara Tower 3
705 is a one-bedroom apartment of 443 sqft on the 7th floor of Al Majara Tower 3, a 9-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 27 January 2021 for AED 600,000, or AED 1,353 per sqft, 18% above the AED 1,150 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 19 April 2017, is AED 110,000 a year: a gross yield of 18.3% on the 2021 price, before the service charge of about AED 6,700 a year.
Sales and rents for 705 over time
705 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 3, and where 705 sits
All 17 1-beds →705 last sold in January 2021 at AED 1,353 per sqft, 18% above what one-beds in Al Majara Tower 3 were fetching at the time (AED 1,150). 705's AED 110,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Jan 202411 January 2024 | 869 sqft | 1,500,000 | 1,726 | ||
| 13 Jan 202213 January 2022 | 869 sqft | 1,230,000 | 1,415 | ||
| 1 Jun 20211 June 2021 | 869 sqft | 1,170,000 | 1,346 | ||
| 3 May 20203 May 2020 | 869 sqft | 980,000 | 1,127 |
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 7th floor
All 55 units in Al Majara Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,401 sqft | AED 1.11MAED 1,108,800 · Mar 2008March 2008 | 150,000 /yr | |
| 702 | 1-bed | 869 sqft | AED 1.48MAED 1,480,000 · Apr 2018April 2018 | ||
| 703 | 2-bed | 1,386 sqft | AED 1.04MAED 1,036,800 · Oct 2015October 2015 | 123,000 /yr | |
| 704 | 2-bed | 1,386 sqft | AED 1.07MAED 1,065,800 · Jul 2010July 2010 | 110,000 /yr | |
| 706 | 2-bed | 1,401 sqft | AED 2.18MAED 2,180,000 · May 2018May 2018 | 167,000 /yr |
705, Al Majara Tower 3 in numbers
- Sold 3 times: first on 11 June 2009 for AED 735,800, last on 27 January 2021 for AED 600,000 (AED 1,353 per sqft).
- Rented since April 2016 on 4 Ejari contracts. The rent fell from AED 115,000 to AED 57,500 in 2016 and recovered to AED 110,000 by April 2017.
- At AED 110,000 a year the gross yield on the 2021 price is 18.3%, before a service charge of about AED 6,700 a year (AED 15.11 per sqft).
Source: Dubai Land Department. Updated 27 January 2021.
Questions about 705, Al Majara Tower 3
What did unit 705 last sell for?
AED 600,000 on 27 January 2021: AED 1,353 per sqft for 443 sqft. The unit has 3 registered sales; the first was AED 735,800 in June 2009.
What is the rent for unit 705?
AED 110,000 a year on the contract renewed on 19 April 2017. The previous contract, from October 2016, was AED 57,500; the unit has been rented since April 2016.
How big is unit 705?
443 sqft (41.2 sqm): a one-bedroom apartment on the 7th floor of a 9-storey tower completed in 2006.
What is unit 705 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 705, Al Majara Tower 3
Starts from the last sale price (AED 600K, 27 January 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →