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2-bed · 883 sqftMajestique Residence 1, Dubai South · 3rd floor · completed 2021

302, Majestique Residence 1

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

Unit 302 · DLD and Ejari recordsUpdated 16 June 2026
Last soldAED 878K12 July 2023
Current rentAED 72K /yr16 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, Majestique Residence 1

What is 302 worth today?

Last sold for AED 877,800 in 2023

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16 Jun 2026RentedRenewal
AED 72,000/yr12 months · AED 82 per sqft
16 Jun 2025RentedRenewal
AED 72,000/yr12 months · AED 82 per sqft
16 Jun 2025RentedRenewal
AED 72,000/yr12 months · AED 82 per sqft
16 Jun 2024RentedNew contract
AED 67,000/yr12 months · AED 76 per sqft
12 Jul 2023Sold by developerReady
AED 877,800AED 994 per sqft

Source: Dubai Land Department. Updated 16 June 2026.

Key facts

Type
2-bed apartment
Size
883 sqft
Floor
3rd of 4
Parking
G-117
Developer
Credo Investments
Completed
2021
Service charge
AED 16,300 /yr
Last sold
AED 878K · July 2023
Building
Majestique Residence 1

About 302, Majestique Residence 1

302 is a two-bedroom apartment of 883 sqft on the 3rd floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. The developer sold it on 12 July 2023 for AED 877,800, or AED 994 per sqft, in line with the AED 1,024 two-beds in the building were fetching at the time.

It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, renewed on 16 June 2026, is AED 72,000 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 16,300 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in Majestique Residence 1
1M20232024202520262027Typical sale price by year: 2023 AED 1,010,000; 2024 AED 1,014,301; 2025 AED 1,069,650; 2026 AED 1,112,791Sold by developer, July 2023: AED 877,800 (AED 994 per sqft)

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

Rents
Unit 302, each contractTypical two-bed in Majestique Residence 1
60K80K202220242026Typical rent by year: 2022 AED 48,380; 2023 AED 57,750; 2024 AED 73,349; 2025 AED 80,000; 2026 AED 75,000New contract, June 2024: AED 67,000 a yearRenewal, June 2025: AED 72,000 a yearRenewal, June 2025: AED 72,000 a yearRenewal, June 2026: AED 72,000 a year

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

2-beds in Majestique Residence 1, and where 302 sits

All 61 2-beds →

302 last sold in July 2023 at AED 994 per sqft, in line with what two-beds in Majestique Residence 1 were fetching at the time (AED 1,024). Over the last 12 months two-beds sold for AED 956,840 to 1,298,000, around AED 1,200 per sqft, and rent for AED 68,000 to 240,000 a year. 302's AED 72,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Sep 20261,101,581
18 Aug 2026956,840
22 May 20261,150,000
23 Feb 20261,298,000
19 2-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 3rd floor

All 121 units in Majestique Residence 1
Value
301StudioAED 403K · Jan 2023
3032-bedAED 994K · Nov 2024
3042-bedAED 975K · Oct 2023
3052-bedAED 994K · Sep 2024
3062-bedAED 1.05M · Mar 2024
307StudioAED 480K · Sep 2021
3082-bedAED 1.02M · Feb 2023
1–7 of 30

302, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 12 July 2023 for AED 877,800, or AED 994 per sqft.
  • Rented since June 2024 on 4 Ejari contracts, from AED 67,000 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2023 price is 8.2%, before a service charge of about AED 16,300 a year (AED 18.45 per sqft).
  • Two-beds in Majestique Residence 1 sold for AED 956,840–1,298,000 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 16 June 2026.

Questions about 302, Majestique Residence 1

What did unit 302 last sell for?

AED 877,800 on 12 July 2023, sold by the developer: AED 994 per sqft for 883 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 72,000 a year on the contract renewed on 16 June 2026. The previous contract, from June 2025, was AED 72,000; the unit has been rented since June 2024.

How big is unit 302?

883 sqft (82.0 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2021.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Majestique Residence 1 sold for AED 956,840 to 1,298,000 in the last 12 months, around AED 1,200 per sqft.

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Mortgage on 302, Majestique Residence 1

Starts from the last sale price (AED 878K, 12 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 877,800
Deposit, UAE resident (20%)
AED 175,560
Deposit, non-resident (40%)
AED 351,120
Monthly over 25 years at 3.7%
AED 3,591

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