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1-bed · 710 sqftMajestique Residence 1, Dubai South · 2nd floor · completed 2021

223, Majestique Residence 1

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

Unit 223 · DLD and Ejari recordsUpdated 5 September 2026
Last soldAED 800K25 December 2024
Current rentAED 50K /yr5 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 223, Majestique Residence 1

What is 223 worth today?

Last sold for AED 800,000 in 2024

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5 Sep 2026RentedNew contract
AED 50,000/yr12 months · AED 70 per sqft
16 Feb 2026RentedRenewal
AED 59,825/yr5 months · AED 84 per sqft
16 Feb 2025RentedNew contract
AED 60,000/yr12 months · AED 84 per sqft
25 Dec 2024Sold by developerReady
AED 800,000AED 1,126 per sqft
22 Oct 2022RentedNew contract
AED 43,000/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 5 September 2026.

Key facts

Type
1-bed apartment
Size
710 sqft
Floor
2nd of 4
Parking
G-38
Developer
Credo Investments
Completed
2021
Service charge
AED 13,100 /yr
Last sold
AED 800K · December 2024
Building
Majestique Residence 1

About 223, Majestique Residence 1

223 is a one-bedroom apartment of 710 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 25 December 2024 for AED 800,000, or AED 1,126 per sqft, in line with the AED 1,113 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 5 September 2026, is AED 50,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 13,100 a year.

Sales and rents for 223 over time

Sales
Unit 223, each saleTypical one-bed in Majestique Residence 1
750K800K850K2023202420252026Typical sale price by year: 2023 AED 760,000; 2024 AED 782,095; 2025 AED 865,000Sold by developer, December 2024: AED 800,000 (AED 1,126 per sqft)

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

Rents
Unit 223, each contractTypical one-bed in Majestique Residence 1
40K50K60K202220242026Typical rent by year: 2022 AED 43,250; 2024 AED 46,500; 2025 AED 60,000; 2026 AED 60,000New contract, October 2022: AED 43,000 a yearNew contract, February 2025: AED 60,000 a yearRenewal, February 2026: AED 59,825 a yearNew contract, September 2026: AED 50,000 a year

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

1-beds in Majestique Residence 1, and where 223 sits

All 12 1-beds →

223 last sold in December 2024 at AED 1,126 per sqft, in line with what one-beds in Majestique Residence 1 were fetching at the time (AED 1,113). 223's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Jul 2025890,820
10 Jun 2025865,000
27 Jan 2025798,000
24 Dec 2024882,000
0 1-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 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

223, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 25 December 2024 for AED 800,000, or AED 1,126 per sqft.
  • Rented since October 2022 on 4 Ejari contracts, from AED 43,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 13,100 a year (AED 18.45 per sqft).

Source: Dubai Land Department. Updated 5 September 2026.

Questions about 223, Majestique Residence 1

What did unit 223 last sell for?

AED 800,000 on 25 December 2024, sold by the developer: AED 1,126 per sqft for 710 sqft. It is the only registered sale of the unit.

What is the rent for unit 223?

AED 50,000 a year on the contract signed on 5 September 2026. The previous contract, from February 2026, was AED 59,825; the unit has been rented since October 2022.

How big is unit 223?

710 sqft (66.0 sqm): a one-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2021.

What is unit 223 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 223, Majestique Residence 1

Starts from the last sale price (AED 800K, 25 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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