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1-bed · 788 sqftMajestique Residence 1, Dubai South · 1st floor · completed 2021

111, Majestique Residence 1

Sold prices and rental history: sold once, by the developer in December 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 111 · DLD and Ejari recordsUpdated 10 September 2026
Last soldAED 882K24 December 2024
Current rentAED 60K /yr10 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 111, Majestique Residence 1

What is 111 worth today?

Last sold for AED 882,000 in 2024

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10 Sep 2026RentedNew contract
AED 60,000/yr12 months · AED 76 per sqft
7 Jan 2026RentedNew contract
AED 65,000/yr12 months · AED 82 per sqft
24 Dec 2024Sold by developerReady
AED 882,000AED 1,118 per sqft
25 Aug 2024RentedRenewal
AED 46,500/yr10 months · AED 59 per sqft
25 Aug 2023RentedNew contract
AED 46,500/yr12 months · AED 59 per sqft
1 Nov 2022RentedNew contract
AED 43,500/yr12 months · AED 55 per sqft

Source: Dubai Land Department. Updated 10 September 2026.

Key facts

Type
1-bed apartment
Size
788 sqft
Floor
1st of 4
Parking
G-50
Developer
Credo Investments
Completed
2021
Service charge
AED 14,500 /yr
Last sold
AED 882K · December 2024
Building
Majestique Residence 1

About 111, Majestique Residence 1

111 is a one-bedroom apartment of 788 sqft on the 1st floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. The developer sold it on 24 December 2024 for AED 882,000, or AED 1,118 per sqft, in line with the AED 1,107 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 10 September 2026, is AED 60,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 14,500 a year.

Sales and rents for 111 over time

Sales
Unit 111, each saleTypical one-bed in Majestique Residence 1
800K900K2023202420252026Typical sale price by year: 2023 AED 760,000; 2024 AED 782,095; 2025 AED 865,000Sold by developer, December 2024: AED 882,000 (AED 1,118 per sqft)

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

Rents
Unit 111, each contractTypical one-bed in Majestique Residence 1
40K50K60K202220242026Typical rent by year: 2022 AED 43,250; 2024 AED 46,500; 2025 AED 60,000; 2026 AED 60,000New contract, November 2022: AED 43,500 a yearNew contract, August 2023: AED 46,500 a yearRenewal, August 2024: AED 46,500 a yearNew contract, January 2026: AED 65,000 a yearNew contract, September 2026: AED 60,000 a year

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

1-beds in Majestique Residence 1, and where 111 sits

All 12 1-beds →

111 last sold in December 2024 at AED 1,118 per sqft, in line with what one-beds in Majestique Residence 1 were fetching at the time (AED 1,107). 111's AED 60,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Jul 2025890,820
10 Jun 2025865,000
27 Jan 2025798,000
25 Dec 2024800,000
0 1-bed sales in the last 12 months

Majestique Residence 1

Building

121 apartments, studios to 2-bed over 4 floors in Dubai South, completed in 2021 by Credo Investments. 24 sold in the last 12 months.

Typical price per sqft
AED 1,205 Up 6.5%
Typical sale
AED 1.09M
Typical rent
AED 68K /yr
Typical yield
7.2%
Majestique Residence 1, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 121 units in Majestique Residence 1
Value
101StudioAED 490K · Jan 2025
1022-bedAED 1.07M · Apr 2025
1032-bedAED 1.1M · Jan 2026
1042-bedAED 948K · Oct 2022
1052-bedAED 1.23M · Jul 2025
1062-bedAED 1.14M · Jul 2025
107StudioAED 483K · Aug 2024
1–7 of 28

111, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 24 December 2024 for AED 882,000, or AED 1,118 per sqft.
  • Rented since November 2022 on 5 Ejari contracts, from AED 43,500 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 14,500 a year (AED 18.45 per sqft).

Source: Dubai Land Department. Updated 10 September 2026.

Questions about 111, Majestique Residence 1

What did unit 111 last sell for?

AED 882,000 on 24 December 2024, sold by the developer: AED 1,118 per sqft for 788 sqft. It is the only registered sale of the unit.

What is the rent for unit 111?

AED 60,000 a year on the contract signed on 10 September 2026. The previous contract, from January 2026, was AED 65,000; the unit has been rented since November 2022.

How big is unit 111?

788 sqft (73.2 sqm): a one-bedroom apartment on the 1st floor of a 4-storey tower completed in 2021.

What is unit 111 worth today?

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

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Mortgage on 111, Majestique Residence 1

Starts from the last sale price (AED 882K, 24 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 882,000
Deposit, UAE resident (20%)
AED 176,400
Deposit, non-resident (40%)
AED 352,800
Monthly over 25 years at 3.7%
AED 3,609

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