502, Al Majara Tower 5
Sold prices and rental history: sold 3 times, last in April 2013, 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 502, Al Majara Tower 5
What is 502 worth today?
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Source: Dubai Land Department. Updated 22 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,517 sqft
- Floor
- 5th of 7
- Parking
- 654
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 22,900 /yr
- Last sold
- AED 2.55M · April 2013
- Building
- Al Majara Tower 5
About 502, Al Majara Tower 5
502 is a two-bedroom apartment of 1,517 sqft on the 5th floor of Al Majara Tower 5, a 7-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 3 April 2013 for AED 2,550,000, or AED 1,680 per sqft, 49% above the AED 1,131 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, renewed on 22 November 2024, is AED 145,000 a year: a gross yield of 5.7% on the 2013 price, before the service charge of about AED 22,900 a year.
Sales and rents for 502 over time
502 has sold 3 times; 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 502 sits
All 24 2-beds →502 last sold in April 2013 at AED 1,680 per sqft, 49% above what two-beds in Al Majara Tower 5 were fetching at the time (AED 1,131). 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. 502's AED 145,000 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 | ||
| 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 5th floor
All 53 units in Al Majara Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,367 sqft | AED 1.23MAED 1,225,800 · Jul 2010July 2010 | 133,705 /yr | |
| 503 | 1-bed | 893 sqft | AED 980KAED 980,000 · Jul 2009July 2009 | 125,000 /yr | |
| 504 | 1-bed | 834 sqft | AED 1.47MAED 1,470,000 · May 2023May 2023 | 8,000 /yr | |
| 505 | 3-bed | 2,164 sqft | AED 4.3MAED 4,300,000 · Sep 2025September 2025 | 176,000 /yr | |
| 506 | 1-bed | 1,119 sqft | AED 2.65MAED 2,645,000 · Feb 2026February 2026 | 150,000 /yr |
502, Al Majara Tower 5 in numbers
- Sold 3 times: first on 12 January 2009 for AED 1,140,800, last on 3 April 2013 for AED 2,550,000 (AED 1,680 per sqft).
- Rented since September 2013 on 13 Ejari contracts. The rent fell from AED 170,000 to AED 95,000 in 2020 and recovered to AED 145,000 by November 2024.
- At AED 145,000 a year the gross yield on the 2013 price is 5.7%, 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 22 November 2024.
Questions about 502, Al Majara Tower 5
What did unit 502 last sell for?
AED 2,550,000 on 3 April 2013: AED 1,680 per sqft for 1,517 sqft. The unit has 3 registered sales; the first was AED 1,140,800 in January 2009.
What is the rent for unit 502?
AED 145,000 a year on the contract renewed on 22 November 2024. The previous contract, from November 2024, was AED 145,000; the unit has been rented since September 2013.
How big is unit 502?
1,517 sqft (140.9 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2006.
What is unit 502 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 502, Al Majara Tower 5
Starts from the last sale price (AED 2.55M, 3 April 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,550,000
- Deposit, UAE resident (20%)
- AED 510,000
- Deposit, non-resident (40%)
- AED 1,020,000
- Monthly over 25 years at 3.7%
- AED 10,433
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →