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1-bed · 713 sqftMajestique Residence 1, Dubai South · 1st floor · completed 2021

123, Majestique Residence 1

Sold prices and rental history: sold once, by the developer in January 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 123 · DLD and Ejari recordsUpdated 10 January 2026
Last soldAED 798K27 January 2025
Current rentAED 63K /yr10 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 123, Majestique Residence 1

What is 123 worth today?

Last sold for AED 798,000 in 2025

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10 Jan 2026RentedNew contract
AED 63,000/yr12 months · AED 88 per sqft
27 Jan 2025Sold by developerReady
AED 798,000AED 1,119 per sqft
27 Oct 2022RentedNew contract
AED 48,380/yr24 months · AED 68 per sqft

Source: Dubai Land Department. Updated 10 January 2026.

Key facts

Type
1-bed apartment
Size
713 sqft
Floor
1st of 4
Parking
G-23
Developer
Credo Investments
Completed
2021
Service charge
AED 13,200 /yr
Last sold
AED 798K · January 2025
Building
Majestique Residence 1

About 123, Majestique Residence 1

123 is a one-bedroom apartment of 713 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 January 2025 for AED 798,000, or AED 1,119 per sqft, in line with the AED 1,118 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 10 January 2026, is AED 63,000 a year: a gross yield of 7.9% on the 2025 price, before the service charge of about AED 13,200 a year.

Sales and rents for 123 over time

Sales
Unit 123, each saleTypical one-bed in Majestique Residence 1
750K800K850K2023202420252026Typical sale price by year: 2023 AED 760,000; 2024 AED 782,095; 2025 AED 865,000Sold by developer, January 2025: AED 798,000 (AED 1,119 per sqft)

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

Rents
Unit 123, 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, October 2022: AED 48,380 a yearNew contract, January 2026: AED 63,000 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 123 sits

All 12 1-beds →

123 last sold in January 2025 at AED 1,119 per sqft, in line with what one-beds in Majestique Residence 1 were fetching at the time (AED 1,118). 123's AED 63,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Jul 2025890,820
10 Jun 2025865,000
25 Dec 2024800,000
24 Dec 2024882,000
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

123, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 27 January 2025 for AED 798,000, or AED 1,119 per sqft.
  • Rented since October 2022 on 2 Ejari contracts, from AED 48,380 to AED 63,000 a year.
  • At AED 63,000 a year the gross yield on the 2025 price is 7.9%, before a service charge of about AED 13,200 a year (AED 18.45 per sqft).

Source: Dubai Land Department. Updated 10 January 2026.

Questions about 123, Majestique Residence 1

What did unit 123 last sell for?

AED 798,000 on 27 January 2025, sold by the developer: AED 1,119 per sqft for 713 sqft. It is the only registered sale of the unit.

What is the rent for unit 123?

AED 63,000 a year on the contract signed on 10 January 2026. The previous contract, from October 2022, was AED 48,380.

How big is unit 123?

713 sqft (66.2 sqm): a one-bedroom apartment on the 1st floor of a 4-storey tower completed in 2021.

What is unit 123 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 123, Majestique Residence 1

Starts from the last sale price (AED 798K, 27 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 798,000
Deposit, UAE resident (20%)
AED 159,600
Deposit, non-resident (40%)
AED 319,200
Monthly over 25 years at 3.7%
AED 3,265

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