3-bed · 1,937 sqftAl Majara Tower 5, Dubai Marina · 7th floor · completed 2006

701, Al Majara Tower 5

Sold prices and rental history: sold once, by the developer in July 2010, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 8 July 2010
Last soldAED 1.72M8 July 2010
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Al Majara Tower 5

What is 701 worth today?

Last sold for AED 1,722,800 in 2010

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

8 Jul 2010Sold by developerReady
AED 1,722,800AED 889 per sqft

Source: Dubai Land Department. Updated 8 July 2010.

Key facts

Type
3-bed apartment
Size
1,937 sqft
Floor
7th of 7
Parking
724,723
Developer
Emaar
Completed
2006
Service charge
AED 29,300 /yr
Last sold
AED 1.72M · July 2010

About 701, Al Majara Tower 5

701 is a three-bedroom apartment of 1,937 sqft on the 7th floor of Al Majara Tower 5, a 7-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 8 July 2010 for AED 1,722,800, or AED 889 per sqft, 10% above the AED 805 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 701 over time

Rents
Unit 701, each contractTypical three-bed in Al Majara Tower 5
100K200K2015201820212024Typical rent by year: 2015 AED 110,000; 2020 AED 135,000; 2021 AED 155,000; 2022 AED 210,000; 2024 AED 238,000

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Al Majara Tower 5, and where 701 sits

All 7 3-beds →

701 last sold in July 2010 at AED 889 per sqft, 10% above what three-beds in Al Majara Tower 5 were fetching at the time (AED 805).

Recent 3-bed salesUnit no.Price (AED)Summary
9 Sep 20254,300,000
12 Mar 20255,400,000
12 Aug 20223,400,000
24 Dec 20173,245,961
0 3-bed sales in the last 12 months

Al Majara Tower 5

Building

53 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%
Al Majara Tower 5, Dubai Marina: prices, sales and rents →

Other units on the 7th floor

All 53 units in Al Majara Tower 5
Value
7022-bedAED 1.62M · Jul 2010
7032-bedAED 1.14M · Jul 2010
7042-bedAED 1.3M · Apr 2008

701, Al Majara Tower 5 in numbers

  • Sold once: by Emaar on 8 July 2010 for AED 1,722,800, or AED 889 per sqft.

Source: Dubai Land Department. Updated 8 July 2010.

Questions about 701, Al Majara Tower 5

What did unit 701 last sell for?

AED 1,722,800 on 8 July 2010, sold by the developer: AED 889 per sqft for 1,937 sqft. It is the only registered sale of the unit.

How big is unit 701?

1,937 sqft (180.0 sqm): a three-bedroom apartment on the 7th floor of a 7-storey tower completed in 2006.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 701? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 701, Al Majara Tower 5

Starts from the last sale price (AED 1.72M, 8 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,722,800
Deposit, UAE resident (20%)
AED 344,560
Deposit, non-resident (40%)
AED 689,120
Monthly over 25 years at 3.7%
AED 7,049

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