603, Al Majara Tower 5
Sold prices and rental history: sold twice, last in August 2016, 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 603, Al Majara Tower 5
What is 603 worth today?
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Source: Dubai Land Department. Updated 23 June 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 893 sqft
- Floor
- 6th of 7
- Parking
- 648
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 13,500 /yr
- Last sold
- AED 1.48M · August 2016
- Building
- Al Majara Tower 5
About 603, Al Majara Tower 5
603 is a one-bedroom apartment of 893 sqft on the 6th floor of Al Majara Tower 5, a 7-storey tower in Dubai Marina completed in 2006 by Emaar. It last sold on 2 August 2016 for AED 1,480,000, or AED 1,657 per sqft, in line with the AED 1,683 one-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 23 June 2023, is AED 110,000 a year: a gross yield of 7.4% on the 2016 price, before the service charge of about AED 13,500 a year.
Sales and rents for 603 over time
603 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Al Majara Tower 5, and where 603 sits
All 21 1-beds →603 last sold in August 2016 at AED 1,657 per sqft, in line with what one-beds in Al Majara Tower 5 were fetching at the time (AED 1,683). Over the last 12 months one-beds sold for AED 2,645,000, around AED 2,363 per sqft, and rent for AED 85,000 to 150,000 a year. 603's AED 110,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Feb 202616 February 2026 | 1,119 sqft | 2,645,000 | 2,363 | ||
| 20 May 202520 May 2025 | 1,119 sqft | 1,950,000 | 1,742 | ||
| 8 Apr 20258 April 2025 | 1,151 sqft | 2,150,000 | 1,867 | ||
| 12 May 202312 May 2023 | 834 sqft | 1,470,000 | 1,762 |
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 6th floor
All 53 units in Al Majara Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,367 sqft | AED 2.45MAED 2,450,000 · Jan 2013January 2013 | 150,000 /yr | |
| 602 | 2-bed | 1,517 sqft | AED 2.95MAED 2,950,000 · May 2015May 2015 | 180,000 /yr | |
| 604 | 1-bed | 834 sqft | AED 1.73MAED 1,725,000 · Nov 2015November 2015 | 82,500 /yr | |
| 605 | 3-bed | 2,164 sqft | AED 3.4MAED 3,400,000 · Aug 2022August 2022 | 360,000 /yr | |
| 606 | 1-bed | 1,119 sqft | AED 775KAED 774,800 · May 2012May 2012 |
603, Al Majara Tower 5 in numbers
- Sold twice: first on 29 September 2010 for AED 1,223,522, last on 2 August 2016 for AED 1,480,000 (AED 1,657 per sqft).
- Rented since December 2013 on 4 Ejari contracts. The rent fell from AED 89,759 to AED 80,000 in 2021 and recovered to AED 110,000 by June 2023.
- At AED 110,000 a year the gross yield on the 2016 price is 7.4%, before a service charge of about AED 13,500 a year (AED 15.11 per sqft).
- One-beds in Al Majara Tower 5 sold for AED 2,645,000–2,645,000 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 23 June 2023.
Questions about 603, Al Majara Tower 5
What did unit 603 last sell for?
AED 1,480,000 on 2 August 2016: AED 1,657 per sqft for 893 sqft. The unit has 2 registered sales; the first was AED 1,223,522 in September 2010.
What is the rent for unit 603?
AED 110,000 a year on the contract signed on 23 June 2023. The previous contract, from July 2021, was AED 80,000; the unit has been rented since December 2013.
How big is unit 603?
893 sqft (83.0 sqm): a one-bedroom apartment on the 6th floor of a 7-storey tower completed in 2006.
What is unit 603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Majara Tower 5 sold for AED 2,645,000 to 2,645,000 in the last 12 months, around AED 2,363 per sqft.
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Mortgage on 603, Al Majara Tower 5
Starts from the last sale price (AED 1.48M, 2 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,480,000
- Deposit, UAE resident (20%)
- AED 296,000
- Deposit, non-resident (40%)
- AED 592,000
- Monthly over 25 years at 3.7%
- AED 6,055
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →