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

217, 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 217 · DLD and Ejari recordsUpdated 13 October 2026
Last soldAED 435K30 September 2024
Current rentAED 39K /yr13 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 217, Majestique Residence 1

What is 217 worth today?

Last sold for AED 434,625 in 2024

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13 Oct 2026RentedNew contract
AED 39,000/yr12 months · AED 98 per sqft
1 Sep 2025RentedNew contract
AED 38,000/yr12 months · AED 95 per sqft
30 Sep 2024Sold by developerReady
AED 434,625AED 1,097 per sqft
20 Mar 2023RentedNew contract
AED 30,750/yr24 months · AED 78 per sqft

Source: Dubai Land Department. Updated 13 October 2026.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
2nd of 4
Parking
G-32
Developer
Credo Investments
Completed
2021
Service charge
AED 7,300 /yr
Last sold
AED 435K · September 2024
Building
Majestique Residence 1

About 217, Majestique Residence 1

217 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 30 September 2024 for AED 434,625, or AED 1,097 per sqft, 12% below the AED 1,244 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 13 October 2026, is AED 39,000 a year: a gross yield of 9.0% on the 2024 price, before the service charge of about AED 7,300 a year.

Sales and rents for 217 over time

Sales
Unit 217, 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, September 2024: AED 434,625 (AED 1,097 per sqft)

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

Rents
Unit 217, 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, September 2025: AED 38,000 a yearNew contract, October 2026: AED 39,000 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 217 sits

All 48 studios →

217 last sold in September 2024 at AED 1,097 per sqft, 12% below what studios in Majestique Residence 1 were fetching at the time (AED 1,244). 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. 217's AED 39,000 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

217, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 30 September 2024 for AED 434,625, or AED 1,097 per sqft.
  • Rented since March 2023 on 3 Ejari contracts, from AED 30,750 to AED 39,000 a year.
  • At AED 39,000 a year the gross yield on the 2024 price is 9.0%, 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 13 October 2026.

Questions about 217, Majestique Residence 1

What did unit 217 last sell for?

AED 434,625 on 30 September 2024, sold by the developer: AED 1,097 per sqft for 396 sqft. It is the only registered sale of the unit.

What is the rent for unit 217?

AED 39,000 a year on the contract signed on 13 October 2026. The previous contract, from September 2025, was AED 38,000; the unit has been rented since March 2023.

How big is unit 217?

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

What is unit 217 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 217, Majestique Residence 1

Starts from the last sale price (AED 435K, 30 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 434,625
Deposit, UAE resident (20%)
AED 86,925
Deposit, non-resident (40%)
AED 173,850
Monthly over 25 years at 3.7%
AED 1,778

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