2-bed · 1,386 sqftAl Majara Tower 3, Dubai Marina · 8th floor · completed 2006

804, Al Majara Tower 3

Sold prices and rental history: sold 4 times, last in December 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 804 · DLD and Ejari recordsUpdated 22 December 2022
Last soldAED 2.03M22 December 2022
Current rentAED 120K /yr7 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 804, Al Majara Tower 3

What is 804 worth today?

Last sold for AED 2,025,000 in 2022

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22 Dec 2022SoldReady
AED 2,025,000AED 1,461 per sqft
7 Nov 2022RentedNew contract
AED 120,000/yr12 months · AED 87 per sqft
7 Nov 2021RentedRenewal
AED 120,000/yr12 months · AED 87 per sqft
7 Nov 2020RentedRenewal
AED 105,000/yr12 months · AED 76 per sqft
7 Nov 2019RentedNew contract
AED 120,000/yr12 months · AED 86 per sqft
29 Sep 2019SoldReady
AED 1,250,000AED 901 per sqft
10 Sep 2017RentedNew contract
AED 135,000/yr12 months · AED 97 per sqft
1 Oct 2016RentedNew contract
AED 177,847/yr7 months · AED 128 per sqft

Source: Dubai Land Department. Updated 22 December 2022.

Key facts

Type
2-bed apartment
Size
1,386 sqft
Floor
8th of 9
Parking
410 , 411
Developer
Emaar
Completed
2006
Service charge
AED 20,900 /yr
Last sold
AED 2.03M · December 2022

About 804, Al Majara Tower 3

804 is a two-bedroom apartment of 1,386 sqft on the 8th floor of Al Majara Tower 3, a 9-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 22 December 2022 for AED 2,025,000, or AED 1,461 per sqft, in line with the AED 1,443 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 7 November 2022, is AED 120,000 a year: a gross yield of 5.9% on the 2022 price, before the service charge of about AED 20,900 a year.

Sales and rents for 804 over time

Sales
Unit 804, each saleTypical two-bed in Al Majara Tower 3
1M2M2008201220162020Typical sale price by year: 2008 AED 1,250,000; 2009 AED 1,200,000; 2010 AED 903,444; 2011 AED 1,141,944; 2012 AED 1,525,250; 2013 AED 910,800; 2015 AED 1,936,913; 2017 AED 1,825,000; 2018 AED 2,050,000; 2019 AED 1,480,000; 2022 AED 2,025,000Sold, January 2012: AED 1,275,000 (AED 919 per sqft)Sold by developer, January 2012: AED 1,400,000 (AED 1,010 per sqft)Sold, September 2019: AED 1,250,000 (AED 901 per sqft)Sold, December 2022: AED 2,025,000 (AED 1,461 per sqft)

804 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 804, each contractTypical two-bed in Al Majara Tower 3
100K150K2013201720212025Typical rent by year: 2013 AED 135,000; 2014 AED 160,000; 2015 AED 161,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 137,500; 2019 AED 123,250; 2020 AED 105,000; 2021 AED 107,500; 2022 AED 120,000; 2023 AED 143,000; 2024 AED 155,000; 2025 AED 162,500; 2026 AED 155,000New contract, February 2016: AED 130,000 a yearNew contract, October 2016: AED 177,847 a yearNew contract, September 2017: AED 135,000 a yearNew contract, November 2019: AED 120,000 a yearRenewal, November 2020: AED 105,000 a yearRenewal, November 2021: AED 120,000 a yearNew contract, November 2022: AED 120,000 a year

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 804 sits

All 35 2-beds →

804 last sold in December 2022 at AED 1,461 per sqft, in line with what two-beds in Al Majara Tower 3 were fetching at the time (AED 1,443). 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. 804's AED 120,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Oct 20263,700,000
12 Dec 20252,550,000
16 Jun 20252,925,000
19 Sep 20243,275,000
2 2-bed sales in the last 12 months

Al Majara Tower 3

Building

55 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%
Al Majara Tower 3, Dubai Marina: prices, sales and rents →

Other units on the 8th floor

All 55 units in Al Majara Tower 3
Value
8012-bedAED 1.17M · May 2011
8021-bedAED 1.17M · Jun 2021
8032-bedAED 1.3M · Jul 2019
8051-bedAED 1.23M · Jan 2022
8062-bedAED 1.45M · May 2009

804, Al Majara Tower 3 in numbers

  • Sold 4 times: first on 17 January 2012 for AED 1,400,000, last on 22 December 2022 for AED 2,025,000 (AED 1,461 per sqft).
  • Rented since February 2016 on 7 Ejari contracts. The rent fell from AED 130,000 to AED 105,000 in 2020 and recovered to AED 120,000 by November 2022.
  • At AED 120,000 a year the gross yield on the 2022 price is 5.9%, before a service charge of about AED 20,900 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 22 December 2022.

Questions about 804, Al Majara Tower 3

What did unit 804 last sell for?

AED 2,025,000 on 22 December 2022: AED 1,461 per sqft for 1,386 sqft. The unit has 4 registered sales; the first was AED 1,400,000 in January 2012.

What is the rent for unit 804?

AED 120,000 a year on the contract signed on 7 November 2022. The previous contract, from November 2021, was AED 120,000; the unit has been rented since February 2016.

How big is unit 804?

1,386 sqft (128.8 sqm): a two-bedroom apartment on the 8th floor of a 9-storey tower completed in 2006.

What is unit 804 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 804, Al Majara Tower 3

Starts from the last sale price (AED 2.03M, 22 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,025,000
Deposit, UAE resident (20%)
AED 405,000
Deposit, non-resident (40%)
AED 810,000
Monthly over 25 years at 3.7%
AED 8,285

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