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

120, Majestique Residence 1

Sold prices and rental history: sold once, by the developer in October 2024, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 120 · DLD and Ejari recordsUpdated 5 April 2026
Last soldAED 510K4 October 2024
Current rentAED 40K /yr5 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 120, Majestique Residence 1

What is 120 worth today?

Last sold for AED 509,850 in 2024

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5 Apr 2026RentedRenewal
AED 40,000/yr12 months · AED 101 per sqft
5 Apr 2025RentedNew contract
AED 40,000/yr12 months · AED 101 per sqft
5 Apr 2025RentedNew contract
AED 40,000/yr12 months · AED 101 per sqft
4 Oct 2024Sold by developerReady
AED 509,850AED 1,287 per sqft
20 Mar 2023RentedNew contract
AED 30,750/yr24 months · AED 78 per sqft

Source: Dubai Land Department. Updated 5 April 2026.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
1st of 4
Parking
G-19
Developer
Credo Investments
Completed
2021
Service charge
AED 7,300 /yr
Last sold
AED 510K · October 2024
Building
Majestique Residence 1

About 120, Majestique Residence 1

120 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 4 October 2024 for AED 509,850, or AED 1,287 per sqft, 3% above the AED 1,244 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 5 April 2026, is AED 40,000 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 7,300 a year.

Sales and rents for 120 over time

Sales
Unit 120, each saleTypical studio in Majestique Residence 1
475K500K20232024202520262027Typical sale price by year: 2023 AED 461,000; 2024 AED 487,500; 2025 AED 490,000; 2026 AED 500,000Sold by developer, October 2024: AED 509,850 (AED 1,287 per sqft)

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

Rents
Unit 120, 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 30,750 a yearNew contract, April 2025: AED 40,000 a yearNew contract, April 2025: AED 40,000 a yearRenewal, April 2026: AED 40,000 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 120 sits

All 48 studios →

120 last sold in October 2024 at AED 1,287 per sqft, 3% above what studios in Majestique Residence 1 were fetching at the time (AED 1,244). 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. 120's AED 40,000 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

120, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 4 October 2024 for AED 509,850, or AED 1,287 per sqft.
  • Rented since March 2023 on 4 Ejari contracts, from AED 30,750 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2024 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 5 April 2026.

Questions about 120, Majestique Residence 1

What did unit 120 last sell for?

AED 509,850 on 4 October 2024, sold by the developer: AED 1,287 per sqft for 396 sqft. It is the only registered sale of the unit.

What is the rent for unit 120?

AED 40,000 a year on the contract renewed on 5 April 2026. The previous contract, from April 2025, was AED 40,000; the unit has been rented since March 2023.

How big is unit 120?

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

What is unit 120 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 120, Majestique Residence 1

Starts from the last sale price (AED 510K, 4 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 509,850
Deposit, UAE resident (20%)
AED 101,970
Deposit, non-resident (40%)
AED 203,940
Monthly over 25 years at 3.7%
AED 2,086

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