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2-bed · 1,431 sqftAl Majara Tower 5, Dubai Marina · Ground floor · completed 2006

G02, Al Majara Tower 5

Sold prices and rental history: sold once, by the developer in May 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G02 · DLD and Ejari recordsUpdated 1 May 2023
Last soldAED 2.15M1 May 2023
Current rentAED 115K /yr26 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G02, Al Majara Tower 5

What is G02 worth today?

Last sold for AED 2,150,000 in 2023

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1 May 2023Sold by developerReady
AED 2,150,000AED 1,502 per sqft
26 May 2022RentedNew contract
AED 115,000/yr12 months · AED 80 per sqft
8 Apr 2019RentedNew contract
AED 140,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 1 May 2023.

Key facts

Type
2-bed apartment
Size
1,431 sqft
Floor
Ground of 7
Parking
121
Developer
Emaar
Completed
2006
Service charge
AED 21,600 /yr
Last sold
AED 2.15M · May 2023
Building
Al Majara Tower 5

About G02, Al Majara Tower 5

G02 is a two-bedroom apartment of 1,431 sqft on the ground floor of Al Majara Tower 5, a 7-storey tower in Dubai Marina completed in 2006 by Emaar. The developer sold it on 1 May 2023 for AED 2,150,000, or AED 1,502 per sqft.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 26 May 2022, is AED 115,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 21,600 a year.

Sales and rents for G02 over time

Sales
Unit G02, 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, May 2023: AED 2,150,000 (AED 1,502 per sqft)

G02 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit G02, 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 149,198New contract, April 2019: AED 140,000 a yearNew contract, May 2022: AED 115,000 a year

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 G02 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. G02's AED 115,000 is in the lower half of that range.

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 ground floor

All 53 units in Al Majara Tower 5
Value
G012-bedAED 2.2M · May 2024
G032-bedAED 1.98M · Aug 2026
G04AED 1.55M · Feb 2018
G052-bedAED 2.6M · Dec 2013
G062-bedAED 3M · Sep 2024
M012-bedAED 1.12M · Apr 2010
M022-bedAED 2.99M · Aug 2026
1–7 of 9

G02, Al Majara Tower 5 in numbers

  • Sold once: by Emaar on 1 May 2023 for AED 2,150,000, or AED 1,502 per sqft.
  • Rented since April 2019 on 2 Ejari contracts, from AED 140,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 21,600 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 May 2023.

Questions about G02, Al Majara Tower 5

What did unit G02 last sell for?

AED 2,150,000 on 1 May 2023, sold by the developer: AED 1,502 per sqft for 1,431 sqft. It is the only registered sale of the unit.

What is the rent for unit G02?

AED 115,000 a year on the contract signed on 26 May 2022. The previous contract, from April 2019, was AED 140,000.

How big is unit G02?

1,431 sqft (132.9 sqm): a two-bedroom apartment on the ground floor of a 7-storey tower completed in 2006.

What is unit G02 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 G02, Al Majara Tower 5

Starts from the last sale price (AED 2.15M, 1 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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