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2-bed · 1,751 sqftAl Majara Tower 3, Dubai Marina · Ground floor · completed 2006

G01, Al Majara Tower 3

Sold prices and rental history: sold 4 times, last in July 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G01 · DLD and Ejari recordsUpdated 19 July 2022
Last soldAED 2.05M19 July 2022
Current rentAED 165K /yr1 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G01, Al Majara Tower 3

What is G01 worth today?

Last sold for AED 2,050,000 in 2022

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19 Jul 2022SoldReady
AED 2,050,000AED 1,170 per sqft
9 Jul 2017SoldReady
AED 1,850,000AED 1,056 per sqft
1 Jun 2016RentedNew contract
AED 165,000/yr12 months · AED 94 per sqft
1 Jun 2015RentedNew contract
AED 162,000/yr6 months · AED 92 per sqft
1 Feb 2014RentedNew contract
AED 160,000/yr12 months · AED 91 per sqft
20 Jan 2013RentedNew contract
AED 135,000/yr12 months · AED 77 per sqft
24 Jul 2008SoldReady
AED 1,075,000AED 613 per sqft
3 Jul 2008Sold by developerReady
AED 1,250,000AED 713 per sqft

Source: Dubai Land Department. Updated 19 July 2022.

Key facts

Type
2-bed apartment
Size
1,751 sqft
Floor
Ground of 9
Parking
709 , 710
Developer
Emaar
Completed
2006
Service charge
AED 26,500 /yr
Last sold
AED 2.05M · July 2022
Building
Al Majara Tower 3

About G01, Al Majara Tower 3

G01 is a two-bedroom apartment of 1,751 sqft on the ground floor of Al Majara Tower 3, a 9-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 19 July 2022 for AED 2,050,000, or AED 1,170 per sqft, 16% below the AED 1,388 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 1 June 2016, is AED 165,000 a year: a gross yield of 8.1% on the 2022 price, before the service charge of about AED 26,500 a year.

Sales and rents for G01 over time

Sales
Unit G01, 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, July 2008: AED 1,075,000 (AED 613 per sqft)Sold by developer, July 2008: AED 1,250,000 (AED 713 per sqft)Sold, July 2017: AED 1,850,000 (AED 1,056 per sqft)Sold, July 2022: AED 2,050,000 (AED 1,170 per sqft)

G01 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit G01, 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, January 2013: AED 135,000 a yearNew contract, February 2014: AED 160,000 a yearNew contract, June 2015: AED 162,000 a yearNew contract, June 2016: AED 165,000 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 G01 sits

All 35 2-beds →

G01 last sold in July 2022 at AED 1,170 per sqft, 16% below what two-beds in Al Majara Tower 3 were fetching at the time (AED 1,388). 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. G01's AED 165,000 is in the lower half 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 ground floor

All 55 units in Al Majara Tower 3
Value
G021-bedAED 1.5M · Apr 2014
G04AED 1M · May 2021

G01, Al Majara Tower 3 in numbers

  • Sold 4 times: first on 3 July 2008 for AED 1,250,000, last on 19 July 2022 for AED 2,050,000 (AED 1,170 per sqft).
  • Rented since January 2013 on 4 Ejari contracts, from AED 135,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2022 price is 8.1%, before a service charge of about AED 26,500 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 19 July 2022.

Questions about G01, Al Majara Tower 3

What did unit G01 last sell for?

AED 2,050,000 on 19 July 2022: AED 1,170 per sqft for 1,751 sqft. The unit has 4 registered sales; the first was AED 1,250,000 in July 2008.

What is the rent for unit G01?

AED 165,000 a year on the contract signed on 1 June 2016. The previous contract, from June 2015, was AED 162,000; the unit has been rented since January 2013.

How big is unit G01?

1,751 sqft (162.7 sqm): a two-bedroom apartment on the ground floor of a 9-storey tower completed in 2006.

What is unit G01 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 G01, Al Majara Tower 3

Starts from the last sale price (AED 2.05M, 19 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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