218, Majestique Residence 1
Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 218, Majestique Residence 1
What is 218 worth today?
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Source: Dubai Land Department. Updated 5 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 396 sqft
- Floor
- 2nd of 4
- Parking
- G-33
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 7,300 /yr
- Last sold
- AED 440K · December 2024
- Building
- Majestique Residence 1
About 218, Majestique Residence 1
218 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. It last sold on 16 December 2024 for AED 440,000, or AED 1,110 per sqft, 11% 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 5 April 2026, is AED 42,000 a year: a gross yield of 9.6% on the 2024 price, before the service charge of about AED 7,300 a year.
Sales and rents for 218 over time
218 has sold twice; the dashed line is the studio median of each year in the building.
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 218 sits
All 48 studios →218 last sold in December 2024 at AED 1,110 per sqft, 11% 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. 218's AED 42,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Oct 20269 October 2026 | 380 sqft | 500,000 | 1,316 | ||
| 1 Sep 20261 September 2026 | 396 sqft | 427,120 | 1,078 | ||
| 18 Aug 202618 August 2026 | 396 sqft | 434,625 | 1,097 | ||
| 28 Jul 202628 July 2026 | 399 sqft | 500,000 | 1,253 |
Majestique Residence 1
Building121 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%
Other units on the 2nd floor
All 121 units in Majestique Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | Studio | 376 sqft | AED 485KAED 485,000 · Oct 2024October 2024 | 48,000 /yr | |
| 202 | 2-bed | 884 sqft | AED 1.07MAED 1,069,650 · Nov 2025November 2025 | 85,000 /yr | |
| 203 | 2-bed | 923 sqft | AED 987KAED 987,000 · Jan 2025January 2025 | 75,000 /yr | |
| 204 | 2-bed | 995 sqft | AED 1.3MAED 1,298,000 · Feb 2026February 2026 | 48,380 /yr | |
| 205 | 2-bed | 942 sqft | AED 1.05MAED 1,050,000 · Oct 2025October 2025 | 73,000 /yr | |
| 206 | 2-bed | 991 sqft | AED 970KAED 970,140 · Oct 2024October 2024 | 83,000 /yr | |
| 207 | Studio | 377 sqft | AED 441KAED 440,999 · Oct 2022October 2022 | ||
| 208 | 2-bed | 989 sqft | AED 1.1MAED 1,101,581 · Sep 2026September 2026 | ||
| 209 | 2-bed | 1,095 sqft | AED 1.06MAED 1,061,530 · Sep 2024September 2024 | 75,000 /yr | |
| 210 | 1-bed | 688 sqft | AED 743KAED 742,615 · Nov 2023November 2023 | 46,200 /yr | |
| 211 | 1-bed | 788 sqft | AED 865KAED 865,000 · Jun 2025June 2025 | 65,000 /yr | |
| 212 | 2-bed | 929 sqft | AED 1.12MAED 1,124,000 · Jan 2026January 2026 | 79,121 /yr | |
| 213 | Studio | 395 sqft | AED 433KAED 433,485 · Sep 2024September 2024 | 38,000 /yr | |
| 214 | 2-bed | 935 sqft | AED 1.08MAED 1,075,000 · Nov 2025November 2025 | 68,000 /yr | |
| 215 | Studio | 396 sqft | AED 515KAED 515,000 · Sep 2024September 2024 | 40,000 /yr | |
| 216 | Studio | 396 sqft | AED 434KAED 434,000 · Jan 2025January 2025 | 40,000 /yr | |
| 217 | Studio | 396 sqft | AED 435KAED 434,625 · Sep 2024September 2024 | 39,000 /yr | |
| 219 | 2-bed | 931 sqft | AED 1.13MAED 1,125,950 · Dec 2025December 2025 | 48,380 /yr | |
| 220 | Studio | 396 sqft | AED 435KAED 434,625 · Aug 2026August 2026 | ||
| 221 | Studio | 399 sqft | AED 428KAED 428,260 · Sep 2024September 2024 | 38,000 /yr | |
| 222 | Studio | 498 sqft | AED 500KAED 500,000 · Apr 2025April 2025 | 45,000 /yr | |
| 223 | 1-bed | 710 sqft | AED 800KAED 800,000 · Dec 2024December 2024 | 50,000 /yr | |
| 224 | 2-bed | 990 sqft | AED 1.24MAED 1,238,738 · Jul 2025July 2025 | 75,000 /yr | |
| 225 | Studio | 377 sqft | AED 478KAED 477,500 · Dec 2023December 2023 | 33,500 /yr | |
| 227 | Studio | 380 sqft | AED 485KAED 485,000 · Oct 2025October 2025 | 44,000 /yr | |
| 228 | 2-bed | 884 sqft | AED 1.02MAED 1,021,450 · Aug 2025August 2025 | 48,380 /yr | |
| 229 | 2-bed | 942 sqft | AED 1.15MAED 1,150,000 · May 2026May 2026 | 70,000 /yr | |
| 230 | 2-bed | 987 sqft | AED 957KAED 956,840 · Aug 2026August 2026 | ||
| 231 | 2-bed | 923 sqft | AED 1.11MAED 1,105,800 · Dec 2025December 2025 | 85,000 /yr |
218, Majestique Residence 1 in numbers
- Sold twice: first on 28 August 2023 for AED 469,303, last on 16 December 2024 for AED 440,000 (AED 1,110 per sqft).
- Rented since January 2023 on 4 Ejari contracts, from AED 31,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2024 price is 9.6%, 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 5 April 2026.
Questions about 218, Majestique Residence 1
What did unit 218 last sell for?
AED 440,000 on 16 December 2024: AED 1,110 per sqft for 396 sqft. The unit has 2 registered sales; the first was AED 469,303 in August 2023.
What is the rent for unit 218?
AED 42,000 a year on the contract renewed on 5 April 2026. The previous contract, from April 2025, was AED 42,000; the unit has been rented since January 2023.
How big is unit 218?
396 sqft (36.8 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2021.
What is unit 218 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 218, Majestique Residence 1
Starts from the last sale price (AED 440K, 16 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →