Home
Dubai prices
About
Research
Studio · 396 sqftMajestique Residence 1, Dubai South · 2nd floor · completed 2021

216, Majestique Residence 1

Sold prices and rental history: sold once, by the developer in January 2025, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 216 · DLD and Ejari recordsUpdated 23 August 2026
Last soldAED 434K20 January 2025
Current rentAED 40K /yr23 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 216

Property timeline for 216, Majestique Residence 1

What is 216 worth today?

Last sold for AED 434,000 in 2025

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

23 Aug 2026RentedRenewal
AED 40,000/yr12 months · AED 100 per sqft
23 Aug 2025RentedNew contract
AED 40,000/yr12 months · AED 100 per sqft
20 Jan 2025Sold by developerReady
AED 434,000AED 1,095 per sqft
15 Mar 2024RentedRenewal
AED 33,000/yr12 months · AED 83 per sqft
15 Mar 2023RentedNew contract
AED 31,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 23 August 2026.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
2nd of 4
Parking
G-49
Developer
Credo Investments
Completed
2021
Service charge
AED 7,300 /yr
Last sold
AED 434K · January 2025
Building
Majestique Residence 1

About 216, Majestique Residence 1

216 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 20 January 2025 for AED 434,000, or AED 1,095 per sqft, 12% below the AED 1,249 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 23 August 2026, is AED 40,000 a year: a gross yield of 9.2% on the 2025 price, before the service charge of about AED 7,300 a year.

Sales and rents for 216 over time

Sales
Unit 216, each saleTypical studio in Majestique Residence 1
450K500K20232024202520262027Typical sale price by year: 2023 AED 461,000; 2024 AED 487,500; 2025 AED 490,000; 2026 AED 500,000Sold by developer, January 2025: AED 434,000 (AED 1,095 per sqft)

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

Rents
Unit 216, 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 31,000 a yearRenewal, March 2024: AED 33,000 a yearNew contract, August 2025: AED 40,000 a yearRenewal, August 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 216 sits

All 48 studios →

216 last sold in January 2025 at AED 1,095 per sqft, 12% below 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. 216'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

216, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 20 January 2025 for AED 434,000, or AED 1,095 per sqft.
  • Rented since March 2023 on 4 Ejari contracts, from AED 31,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2025 price is 9.2%, 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 23 August 2026.

Questions about 216, Majestique Residence 1

What did unit 216 last sell for?

AED 434,000 on 20 January 2025, sold by the developer: AED 1,095 per sqft for 396 sqft. It is the only registered sale of the unit.

What is the rent for unit 216?

AED 40,000 a year on the contract renewed on 23 August 2026. The previous contract, from August 2025, was AED 40,000; the unit has been rented since March 2023.

How big is unit 216?

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

What is unit 216 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.

Selling 216? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 216, Majestique Residence 1

Starts from the last sale price (AED 434K, 20 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 434,000
Deposit, UAE resident (20%)
AED 86,800
Deposit, non-resident (40%)
AED 173,600
Monthly over 25 years at 3.7%
AED 1,776

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