302, Al Majara Tower 5
Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 302, Al Majara Tower 5
What is 302 worth today?
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Source: Dubai Land Department. Updated 8 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,517 sqft
- Floor
- 3rd of 7
- Parking
- 140
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 22,900 /yr
- Last sold
- AED 1.1M · July 2010
- Building
- Al Majara Tower 5
About 302, Al Majara Tower 5
302 is a two-bedroom apartment of 1,517 sqft on the 3rd floor of Al Majara Tower 5, a 7-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 22 July 2010 for AED 1,100,800, or AED 725 per sqft, 12% below the AED 826 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, renewed on 8 November 2023, is AED 116,883 a year: a gross yield of 10.6% on the 2010 price, before the service charge of about AED 22,900 a year.
Sales and rents for 302 over time
302 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 5, and where 302 sits
All 24 2-beds →302 last sold in July 2010 at AED 725 per sqft, 12% below what two-beds in Al Majara Tower 5 were fetching at the time (AED 826). Over the last 12 months two-beds sold for AED 1,980,000 to 2,990,000, around AED 2,062 per sqft, and rent for AED 107,395 to 210,000 a year. 302's AED 116,883 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Aug 202627 August 2026 | 1,119 sqft | 1,980,000 | 1,769 | ||
| 24 Aug 202624 August 2026 | 1,270 sqft | 2,990,000 | 2,354 | ||
| 3 Sep 20243 September 2024 | 1,431 sqft | 3,000,000 | 2,096 | ||
| 10 Jul 202410 July 2024 | 1,517 sqft | 2,600,000 | 1,713 |
Al Majara Tower 5
Building53 apartments, 1-bed to 3-bed over 7 floors in Dubai Marina, completed in 2006 by Emaar. 3 sold in the last 12 months.
- Typical price per sqft
- AED 2,354
- Typical sale
- AED 2.65M
- Typical rent
- AED 135K /yr
- Typical yield
- 4.7%
Other units on the 3rd floor
All 53 units in Al Majara Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 684 sqft | AED 600KAED 600,000 · Mar 2022March 2022 | 149,198 /yr | |
| 303 | 1-bed | 893 sqft | AED 1.1MAED 1,100,000 · Feb 2009February 2009 | 86,000 /yr | |
| 304 | 1-bed | 834 sqft | AED 533KAED 532,800 · Jun 2015June 2015 | 102,000 /yr | |
| 305 | 3-bed | 2,164 sqft | AED 2.2MAED 2,200,000 · Aug 2008August 2008 | ||
| 306 | 1-bed | 1,119 sqft | AED 1.95MAED 1,950,000 · May 2025May 2025 | 90,000 /yr |
302, Al Majara Tower 5 in numbers
- Sold once: by Emaar on 22 July 2010 for AED 1,100,800, or AED 725 per sqft.
- Rented since January 2012 on 13 Ejari contracts, from AED 125,000 to AED 116,883 a year.
- At AED 116,883 a year the gross yield on the 2010 price is 10.6%, before a service charge of about AED 22,900 a year (AED 15.11 per sqft).
- Two-beds in Al Majara Tower 5 sold for AED 1,980,000–2,990,000 in the 12 months to November 2026; the building's median across all types is AED 2,354 per sqft.
Source: Dubai Land Department. Updated 8 November 2023.
Questions about 302, Al Majara Tower 5
What did unit 302 last sell for?
AED 1,100,800 on 22 July 2010, sold by the developer: AED 725 per sqft for 1,517 sqft. It is the only registered sale of the unit.
What is the rent for unit 302?
AED 116,883 a year on the contract renewed on 8 November 2023. The previous contract, from November 2022, was AED 117,000; the unit has been rented since January 2012.
How big is unit 302?
1,517 sqft (140.9 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2006.
What is unit 302 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 5 sold for AED 1,980,000 to 2,990,000 in the last 12 months, around AED 2,062 per sqft.
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Mortgage on 302, Al Majara Tower 5
Starts from the last sale price (AED 1.1M, 22 July 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,800
- Deposit, UAE resident (20%)
- AED 220,160
- Deposit, non-resident (40%)
- AED 440,320
- Monthly over 25 years at 3.7%
- AED 4,504
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →