2-bed · 1,938 sqftAl Majara Tower 5, Dubai Marina · 7th floor · completed 2006

702, 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 702 · DLD and Ejari recordsUpdated 1 July 2010
Last soldAED 1.62M1 July 2010
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Al Majara Tower 5

What is 702 worth today?

Last sold for AED 1,621,800 in 2010

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1 Jul 2010Sold by developerReady
AED 1,621,800AED 836 per sqft

Source: Dubai Land Department. Updated 1 July 2010.

Key facts

Type
2-bed apartment
Size
1,938 sqft
Floor
7th of 7
Parking
646
Developer
Emaar
Completed
2006
Service charge
AED 29,300 /yr
Last sold
AED 1.62M · July 2010

About 702, Al Majara Tower 5

702 is a two-bedroom apartment of 1,938 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 1 July 2010 for AED 1,621,800, or AED 836 per sqft, in line with the AED 837 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical two-bed in Al Majara Tower 5
1M2M2008201320182023Typical sale price by year: 2008 AED 1,245,300; 2009 AED 1,140,800; 2010 AED 1,142,800; 2012 AED 1,068,844; 2013 AED 2,575,000; 2015 AED 1,855,000; 2024 AED 2,600,000Sold by developer, July 2010: AED 1,621,800 (AED 836 per sqft)

702 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 702, each contractTypical two-bed in Al Majara Tower 5
120K140K2012201620202024Typical rent by year: 2012 AED 140,000; 2013 AED 137,500; 2014 AED 152,000; 2015 AED 145,000; 2016 AED 145,720; 2017 AED 146,641; 2018 AED 140,000; 2019 AED 135,000; 2020 AED 115,000; 2021 AED 110,000; 2022 AED 115,000; 2023 AED 132,500; 2024 AED 142,500; 2025 AED 143,950; 2026 AED 149,198

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 702 sits

All 24 2-beds →

702 last sold in July 2010 at AED 836 per sqft, in line with what two-beds in Al Majara Tower 5 were fetching at the time (AED 837). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Aug 20261,980,000
24 Aug 20262,990,000
3 Sep 20243,000,000
10 Jul 20242,600,000
2 2-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
7013-bedAED 1.72M · Jul 2010
7032-bedAED 1.14M · Jul 2010
7042-bedAED 1.3M · Apr 2008

702, Al Majara Tower 5 in numbers

  • Sold once: by Emaar on 1 July 2010 for AED 1,621,800, or AED 836 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 July 2010.

Questions about 702, Al Majara Tower 5

What did unit 702 last sell for?

AED 1,621,800 on 1 July 2010, sold by the developer: AED 836 per sqft for 1,938 sqft. It is the only registered sale of the unit.

How big is unit 702?

1,938 sqft (180.0 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2006.

What is unit 702 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 702, Al Majara Tower 5

Starts from the last sale price (AED 1.62M, 1 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,621,800
Deposit, UAE resident (20%)
AED 324,360
Deposit, non-resident (40%)
AED 648,720
Monthly over 25 years at 3.7%
AED 6,635

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