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Studio · 380 sqftMajestique Residence 1, Dubai South · 1st floor · completed 2021

127, Majestique Residence 1

Sold prices and rental history: sold twice, last in October 2026, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 127 · DLD and Ejari recordsUpdated 9 October 2026
Last soldAED 500K9 October 2026
Current rentAED 34K /yr21 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 127, Majestique Residence 1

What is 127 worth today?

Last sold for AED 500,000 in 2026

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9 Oct 2026SoldReady
AED 500,000AED 1,316 per sqft
21 Apr 2025RentedRenewal
AED 34,144/yr10 months · AED 91 per sqft
15 Apr 2023RentedNew contract
AED 31,000/yr12 months · AED 82 per sqft
19 Sep 2021Sold by developerOff-plan
AED 474,999AED 1,250 per sqft

Source: Dubai Land Department. Updated 9 October 2026.

Key facts

Type
Studio apartment
Size
380 sqft
Floor
1st of 4
Parking
G-27
Developer
Credo Investments
Completed
2021
Service charge
AED 7,000 /yr
Last sold
AED 500K · October 2026
Building
Majestique Residence 1

About 127, Majestique Residence 1

127 is a studio of 380 sqft on the 1st floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. It last sold on 9 October 2026 for AED 500,000, or AED 1,316 per sqft, 4% above the AED 1,265 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 21 April 2025, is AED 34,144 a year: a gross yield of 6.8% on the 2026 price, before the service charge of about AED 7,000 a year.

Sales and rents for 127 over time

Sales
Unit 127, each saleTypical studio in Majestique Residence 1
460K480K500K2021202320252027Typical sale price by year: 2023 AED 461,000; 2024 AED 487,500; 2025 AED 490,000; 2026 AED 500,000Sold by developer, September 2021: AED 474,999 (AED 1,250 per sqft)Sold, October 2026: AED 500,000 (AED 1,316 per sqft)

127 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 127, 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, April 2023: AED 31,000 a yearRenewal, April 2025: AED 34,144 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 127 sits

All 48 studios →

127 last sold in October 2026 at AED 1,316 per sqft, 4% above what studios in Majestique Residence 1 were fetching at the time (AED 1,265). 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. 127's AED 34,144 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Sep 2026427,120
18 Aug 2026434,625
28 Jul 2026500,000
13 Mar 2026565,000
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

127, Majestique Residence 1 in numbers

  • Sold twice: first on 19 September 2021 for AED 474,999, last on 9 October 2026 for AED 500,000 (AED 1,316 per sqft).
  • Rented since April 2023 on 2 Ejari contracts, from AED 31,000 to AED 34,144 a year.
  • At AED 34,144 a year the gross yield on the 2026 price is 6.8%, before a service charge of about AED 7,000 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 9 October 2026.

Questions about 127, Majestique Residence 1

What did unit 127 last sell for?

AED 500,000 on 9 October 2026: AED 1,316 per sqft for 380 sqft. The unit has 2 registered sales; the first was AED 474,999 in September 2021.

What is the rent for unit 127?

AED 34,144 a year on the contract renewed on 21 April 2025. The previous contract, from April 2023, was AED 31,000.

How big is unit 127?

380 sqft (35.3 sqm): a studio on the 1st floor of a 4-storey tower completed in 2021.

What is unit 127 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 127, Majestique Residence 1

Starts from the last sale price (AED 500K, 9 October 2026). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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