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Studio · 396 sqftMajestique Residence 1, Dubai South · 2nd floor · completed 2021

215, Majestique Residence 1

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

Unit 215 · DLD and Ejari recordsUpdated 20 July 2026
Last soldAED 515K29 September 2024
Current rentAED 40K /yr20 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 215, Majestique Residence 1

What is 215 worth today?

Last sold for AED 515,000 in 2024

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20 Jul 2026RentedNew contract
AED 40,000/yr12 months · AED 100 per sqft
29 Sep 2024Sold by developerReady
AED 515,000AED 1,300 per sqft
20 Mar 2023RentedNew contract
AED 30,750/yr24 months · AED 78 per sqft

Source: Dubai Land Department. Updated 20 July 2026.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
2nd of 4
Parking
G-48
Developer
Credo Investments
Completed
2021
Service charge
AED 7,300 /yr
Last sold
AED 515K · September 2024
Building
Majestique Residence 1

About 215, Majestique Residence 1

215 is a studio of 396 sqft on the 2nd floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. The developer sold it on 29 September 2024 for AED 515,000, or AED 1,300 per sqft, 4% above the AED 1,249 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 20 July 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 215 over time

Sales
Unit 215, 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, September 2024: AED 515,000 (AED 1,300 per sqft)

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

Rents
Unit 215, 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, July 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 215 sits

All 48 studios →

215 last sold in September 2024 at AED 1,300 per sqft, 4% above what studios in Majestique Residence 1 were fetching at the time (AED 1,249). 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. 215'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 2nd floor

All 121 units in Majestique Residence 1
Value
201StudioAED 485K · Oct 2024
2022-bedAED 1.07M · Nov 2025
2032-bedAED 987K · Jan 2025
2042-bedAED 1.3M · Feb 2026
2052-bedAED 1.05M · Oct 2025
2062-bedAED 970K · Oct 2024
207StudioAED 441K · Oct 2022
1–7 of 29

215, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 29 September 2024 for AED 515,000, or AED 1,300 per sqft.
  • Rented since March 2023 on 2 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 20 July 2026.

Questions about 215, Majestique Residence 1

What did unit 215 last sell for?

AED 515,000 on 29 September 2024, sold by the developer: AED 1,300 per sqft for 396 sqft. It is the only registered sale of the unit.

What is the rent for unit 215?

AED 40,000 a year on the contract signed on 20 July 2026. The previous contract, from March 2023, was AED 30,750.

How big is unit 215?

396 sqft (36.8 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2021.

What is unit 215 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 215, Majestique Residence 1

Starts from the last sale price (AED 515K, 29 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 515,000
Deposit, UAE resident (20%)
AED 103,000
Deposit, non-resident (40%)
AED 206,000
Monthly over 25 years at 3.7%
AED 2,107

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