402, Al Majara Tower 5
Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, Al Majara Tower 5
What is 402 worth today?
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Source: Dubai Land Department. Updated 1 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,517 sqft
- Floor
- 4th of 7
- Parking
- 659
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 22,900 /yr
- Last sold
- AED 2.6M · July 2024
- Building
- Al Majara Tower 5
About 402, Al Majara Tower 5
402 is a two-bedroom apartment of 1,517 sqft on the 4th floor of Al Majara Tower 5, a 7-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 10 July 2024 for AED 2,600,000, or AED 1,713 per sqft.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 121,000 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 22,900 a year.
Sales and rents for 402 over time
402 has sold twice; 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 402 sits
All 24 2-beds →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. 402's AED 121,000 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 | ||
| 23 May 202423 May 2024 | 1,367 sqft | 2,200,000 | 1,609 |
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 4th floor
All 53 units in Al Majara Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,367 sqft | AED 1.8MAED 1,800,000 · Feb 2009February 2009 | ||
| 403 | 1-bed | 893 sqft | AED 1.15MAED 1,150,000 · Apr 2021April 2021 | 130,000 /yr | |
| 404 | 1-bed | 834 sqft | AED 541KAED 540,800 · Jul 2010July 2010 | 103,000 /yr | |
| 405 | 3-bed | 2,164 sqft | AED 3.25MAED 3,245,961 · Dec 2017December 2017 | 210,000 /yr | |
| 406 | 1-bed | 1,119 sqft | AED 1.15MAED 1,150,000 · Dec 2009December 2009 | 120,000 /yr |
402, Al Majara Tower 5 in numbers
- Sold twice: first on 20 September 2015 for AED 1,600,000, last on 10 July 2024 for AED 2,600,000 (AED 1,713 per sqft).
- Rented since November 2013 on 13 Ejari contracts, from AED 100,000 to AED 121,000 a year.
- At AED 121,000 a year the gross yield on the 2024 price is 4.7%, 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 1 August 2024.
Questions about 402, Al Majara Tower 5
What did unit 402 last sell for?
AED 2,600,000 on 10 July 2024: AED 1,713 per sqft for 1,517 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in September 2015.
What is the rent for unit 402?
AED 121,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2024, was AED 121,000; the unit has been rented since November 2013.
How big is unit 402?
1,517 sqft (140.9 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2006.
What is unit 402 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 402, Al Majara Tower 5
Starts from the last sale price (AED 2.6M, 10 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,600,000
- Deposit, UAE resident (20%)
- AED 520,000
- Deposit, non-resident (40%)
- AED 1,040,000
- Monthly over 25 years at 3.7%
- AED 10,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →