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Studio · 396 sqftMajestique Residence 1, Dubai South · 1st floor · completed 2021

116, Majestique Residence 1

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

Unit 116 · DLD and Ejari recordsUpdated 2 March 2026
Last soldAED 477K8 November 2023
Current rentAED 37K /yr2 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Majestique Residence 1

What is 116 worth today?

Last sold for AED 477,245 in 2023

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2 Mar 2026RentedRenewal
AED 37,120/yr12 months · AED 96 per sqft
1 Mar 2025RentedRenewal
AED 35,125/yr12 months · AED 91 per sqft
5 Mar 2024RentedNew contract
AED 34,101/yr12 months · AED 86 per sqft
8 Nov 2023Sold by developerReady
AED 477,245AED 1,204 per sqft
5 Mar 2023RentedNew contract
AED 31,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 2 March 2026.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
1st of 4
Parking
G-15
Developer
Credo Investments
Completed
2021
Service charge
AED 7,300 /yr
Last sold
AED 477K · November 2023
Building
Majestique Residence 1

About 116, Majestique Residence 1

116 is a studio of 396 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 8 November 2023 for AED 477,245, or AED 1,204 per sqft, in line with the AED 1,170 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 2 March 2026, is AED 37,120 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 7,300 a year.

Sales and rents for 116 over time

Sales
Unit 116, 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 477,245 (AED 1,204 per sqft)

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

Rents
Unit 116, each contractTypical studio in Majestique Residence 1
30K35K40K202220242026Typical rent by year: 2022 AED 33,500; 2023 AED 31,000; 2024 AED 39,251; 2025 AED 40,500; 2026 AED 40,000New contract, March 2023: AED 31,000 a yearNew contract, March 2024: AED 34,101 a yearRenewal, March 2025: AED 35,125 a yearRenewal, March 2026: AED 37,120 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 116 sits

All 48 studios →

116 last sold in November 2023 at AED 1,204 per sqft, in line with what studios in Majestique Residence 1 were fetching at the time (AED 1,170). 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. 116's AED 37,120 is in the lower 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

116, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 8 November 2023 for AED 477,245, or AED 1,204 per sqft.
  • Rented since March 2023 on 4 Ejari contracts, from AED 31,000 to AED 37,120 a year.
  • At AED 37,120 a year the gross yield on the 2023 price is 7.8%, 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 2 March 2026.

Questions about 116, Majestique Residence 1

What did unit 116 last sell for?

AED 477,245 on 8 November 2023, sold by the developer: AED 1,204 per sqft for 396 sqft. It is the only registered sale of the unit.

What is the rent for unit 116?

AED 37,120 a year on the contract renewed on 2 March 2026. The previous contract, from March 2025, was AED 35,125; the unit has been rented since March 2023.

How big is unit 116?

396 sqft (36.8 sqm): a studio on the 1st floor of a 4-storey tower completed in 2021.

What is unit 116 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 116, Majestique Residence 1

Starts from the last sale price (AED 477K, 8 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 477,245
Deposit, UAE resident (20%)
AED 95,449
Deposit, non-resident (40%)
AED 190,898
Monthly over 25 years at 3.7%
AED 1,953

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