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Studio · 399 sqftMajestique Residence 1, Dubai South · 1st floor · completed 2021

121, Majestique Residence 1

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

Unit 121 · DLD and Ejari recordsUpdated 1 March 2026
Last soldAED 490K4 October 2024
Current rentAED 46K /yr1 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 121, Majestique Residence 1

What is 121 worth today?

Last sold for AED 490,000 in 2024

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1 Mar 2026RentedNew contract
AED 46,000/yr12 months · AED 115 per sqft
24 Feb 2025RentedNew contract
AED 46,000/yr12 months · AED 116 per sqft
24 Feb 2025RentedNew contract
AED 46,000/yr12 months · AED 115 per sqft
4 Oct 2024Sold by developerReady
AED 490,000AED 1,228 per sqft
27 Oct 2022RentedNew contract
AED 48,380/yr24 months · AED 121 per sqft

Source: Dubai Land Department. Updated 1 March 2026.

Key facts

Type
Studio apartment
Size
399 sqft
Floor
1st of 4
Parking
G-20 0
Developer
Credo Investments
Completed
2021
Service charge
AED 7,400 /yr
Last sold
AED 490K · October 2024
Building
Majestique Residence 1

About 121, Majestique Residence 1

121 is a studio of 399 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 490,000, or AED 1,228 per sqft, in line with the AED 1,244 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 1 March 2026, is AED 46,000 a year: a gross yield of 9.4% on the 2024 price, before the service charge of about AED 7,400 a year.

Sales and rents for 121 over time

Sales
Unit 121, 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, October 2024: AED 490,000 (AED 1,228 per sqft)

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

Rents
Unit 121, each contractTypical studio in Majestique Residence 1
30K40K50K202220242026Typical rent by year: 2022 AED 33,500; 2023 AED 31,000; 2024 AED 39,251; 2025 AED 40,500; 2026 AED 40,000New contract, October 2022: AED 48,380 a yearNew contract, February 2025: AED 46,000 a yearNew contract, February 2025: AED 46,000 a yearNew contract, March 2026: AED 46,000 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 121 sits

All 48 studios →

121 last sold in October 2024 at AED 1,228 per sqft, in line with 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. 121's AED 46,000 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

121, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 4 October 2024 for AED 490,000, or AED 1,228 per sqft.
  • Rented since October 2022 on 4 Ejari contracts, from AED 48,380 to AED 46,000 a year.
  • At AED 46,000 a year the gross yield on the 2024 price is 9.4%, before a service charge of about AED 7,400 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 1 March 2026.

Questions about 121, Majestique Residence 1

What did unit 121 last sell for?

AED 490,000 on 4 October 2024, sold by the developer: AED 1,228 per sqft for 399 sqft. It is the only registered sale of the unit.

What is the rent for unit 121?

AED 46,000 a year on the contract signed on 1 March 2026. The previous contract, from February 2025, was AED 46,000; the unit has been rented since October 2022.

How big is unit 121?

399 sqft (37.1 sqm): a studio on the 1st floor of a 4-storey tower completed in 2021.

What is unit 121 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 121, Majestique Residence 1

Starts from the last sale price (AED 490K, 4 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 490,000
Deposit, UAE resident (20%)
AED 98,000
Deposit, non-resident (40%)
AED 196,000
Monthly over 25 years at 3.7%
AED 2,005

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