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2-bed · 883 sqftMajestique Residence 1, Dubai South · 1st floor · completed 2021

128, Majestique Residence 1

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

Unit 128 · DLD and Ejari recordsUpdated 25 November 2025
Last soldAED 941K29 August 2024
Current rentAED 85K /yr25 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 128, Majestique Residence 1

What is 128 worth today?

Last sold for AED 940,874 in 2024

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25 Nov 2025RentedNew contract
AED 85,000/yr12 months · AED 96 per sqft
15 Dec 2024RentedNew contract
AED 80,000/yr8 months · AED 91 per sqft
29 Aug 2024Sold by developerReady
AED 940,874AED 1,065 per sqft
1 Dec 2022RentedNew contract
AED 55,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 25 November 2025.

Key facts

Type
2-bed apartment
Size
883 sqft
Floor
1st of 4
Parking
G-28
Developer
Credo Investments
Completed
2021
Service charge
AED 16,300 /yr
Last sold
AED 941K · August 2024
Building
Majestique Residence 1

About 128, Majestique Residence 1

128 is a two-bedroom apartment of 883 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 29 August 2024 for AED 940,874, or AED 1,065 per sqft, in line with the AED 1,047 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 25 November 2025, is AED 85,000 a year: a gross yield of 9.0% on the 2024 price, before the service charge of about AED 16,300 a year.

Sales and rents for 128 over time

Sales
Unit 128, each saleTypical two-bed in Majestique Residence 1
1M1.1M20232024202520262027Typical sale price by year: 2023 AED 1,010,000; 2024 AED 1,014,301; 2025 AED 1,069,650; 2026 AED 1,112,791Sold by developer, August 2024: AED 940,874 (AED 1,065 per sqft)

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

Rents
Unit 128, each contractTypical two-bed in Majestique Residence 1
60K80K202220242026Typical rent by year: 2022 AED 48,380; 2023 AED 57,750; 2024 AED 73,349; 2025 AED 80,000; 2026 AED 75,000New contract, December 2022: AED 55,000 a yearNew contract, December 2024: AED 80,000 a yearNew contract, November 2025: AED 85,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Majestique Residence 1, and where 128 sits

All 61 2-beds →

128 last sold in August 2024 at AED 1,065 per sqft, in line with what two-beds in Majestique Residence 1 were fetching at the time (AED 1,047). Over the last 12 months two-beds sold for AED 956,840 to 1,298,000, around AED 1,200 per sqft, and rent for AED 68,000 to 240,000 a year. 128's AED 85,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Sep 20261,101,581
18 Aug 2026956,840
22 May 20261,150,000
23 Feb 20261,298,000
19 2-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

128, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 29 August 2024 for AED 940,874, or AED 1,065 per sqft.
  • Rented since December 2022 on 3 Ejari contracts, from AED 55,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 9.0%, before a service charge of about AED 16,300 a year (AED 18.45 per sqft).
  • Two-beds in Majestique Residence 1 sold for AED 956,840–1,298,000 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 25 November 2025.

Questions about 128, Majestique Residence 1

What did unit 128 last sell for?

AED 940,874 on 29 August 2024, sold by the developer: AED 1,065 per sqft for 883 sqft. It is the only registered sale of the unit.

What is the rent for unit 128?

AED 85,000 a year on the contract signed on 25 November 2025. The previous contract, from December 2024, was AED 80,000; the unit has been rented since December 2022.

How big is unit 128?

883 sqft (82.0 sqm): a two-bedroom apartment on the 1st floor of a 4-storey tower completed in 2021.

What is unit 128 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Majestique Residence 1 sold for AED 956,840 to 1,298,000 in the last 12 months, around AED 1,200 per sqft.

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Mortgage on 128, Majestique Residence 1

Starts from the last sale price (AED 941K, 29 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 940,874
Deposit, UAE resident (20%)
AED 188,175
Deposit, non-resident (40%)
AED 376,350
Monthly over 25 years at 3.7%
AED 3,849

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