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Studio · 397 sqftMajestique Residence 1, Dubai South · 1st floor · completed 2021

113, Majestique Residence 1

Sold prices and rental history: sold once, by the developer in November 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 113 · DLD and Ejari recordsUpdated 21 August 2025
Last soldAED 459K27 November 2023
Current rentAED 44K /yr21 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 113, Majestique Residence 1

What is 113 worth today?

Last sold for AED 459,083 in 2023

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21 Aug 2025RentedNew contract
AED 44,000/yr12 months · AED 110 per sqft
21 Aug 2025RentedNew contract
AED 44,000/yr12 months · AED 110 per sqft
21 Aug 2024RentedNew contract
AED 34,000/yr12 months · AED 85 per sqft
27 Nov 2023Sold by developerReady
AED 459,083AED 1,157 per sqft
3 Nov 2022RentedNew contract
AED 31,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 21 August 2025.

Key facts

Type
Studio apartment
Size
397 sqft
Floor
1st of 4
Parking
G-52
Developer
Credo Investments
Completed
2021
Service charge
AED 7,300 /yr
Last sold
AED 459K · November 2023
Building
Majestique Residence 1

About 113, Majestique Residence 1

113 is a studio of 397 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 27 November 2023 for AED 459,083, or AED 1,157 per sqft, in line with the AED 1,163 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 21 August 2025, is AED 44,000 a year: a gross yield of 9.6% on the 2023 price, before the service charge of about AED 7,300 a year.

Sales and rents for 113 over time

Sales
Unit 113, each saleTypical studio in Majestique Residence 1
460K480K500K20232024202520262027Typical sale price by year: 2023 AED 461,000; 2024 AED 487,500; 2025 AED 490,000; 2026 AED 500,000Sold by developer, November 2023: AED 459,083 (AED 1,157 per sqft)

113 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 113, each contractTypical studio in Majestique Residence 1
30K40K202220242026Typical rent by year: 2022 AED 33,500; 2023 AED 31,000; 2024 AED 39,251; 2025 AED 40,500; 2026 AED 40,000New contract, November 2022: AED 31,000 a yearNew contract, August 2024: AED 34,000 a yearNew contract, August 2025: AED 44,000 a yearNew contract, August 2025: AED 44,000 a year

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

Studios in Majestique Residence 1, and where 113 sits

All 48 studios →

113 last sold in November 2023 at AED 1,157 per sqft, in line with what studios in Majestique Residence 1 were fetching at the time (AED 1,163). Over the last 12 months studios sold for AED 427,120 to 565,000, around AED 1,253 per sqft, and rent for AED 27,600 to 53,826 a year. 113's AED 44,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Oct 2026500,000
1 Sep 2026427,120
18 Aug 2026434,625
28 Jul 2026500,000
5 studio 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

113, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 27 November 2023 for AED 459,083, or AED 1,157 per sqft.
  • Rented since November 2022 on 4 Ejari contracts, from AED 31,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2023 price is 9.6%, before a service charge of about AED 7,300 a year (AED 18.45 per sqft).
  • Studios in Majestique Residence 1 sold for AED 427,120–565,000 in the 12 months to November 2026; the building's median across all types is AED 1,205 per sqft.

Source: Dubai Land Department. Updated 21 August 2025.

Questions about 113, Majestique Residence 1

What did unit 113 last sell for?

AED 459,083 on 27 November 2023, sold by the developer: AED 1,157 per sqft for 397 sqft. It is the only registered sale of the unit.

What is the rent for unit 113?

AED 44,000 a year on the contract signed on 21 August 2025. The previous contract, from August 2025, was AED 44,000; the unit has been rented since November 2022.

How big is unit 113?

397 sqft (36.9 sqm): a studio on the 1st floor of a 4-storey tower completed in 2021.

What is unit 113 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Majestique Residence 1 sold for AED 427,120 to 565,000 in the last 12 months, around AED 1,253 per sqft.

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Mortgage on 113, Majestique Residence 1

Starts from the last sale price (AED 459K, 27 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 459,083
Deposit, UAE resident (20%)
AED 91,817
Deposit, non-resident (40%)
AED 183,633
Monthly over 25 years at 3.7%
AED 1,878

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