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2-bed · 989 sqftMajestique Residence 1, Dubai South · 3rd floor · completed 2021

308, Majestique Residence 1

Sold prices and rental history: sold once, by the developer in February 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 13 February 2023
Last soldAED 1.02M13 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Majestique Residence 1

What is 308 worth today?

Last sold for AED 1,024,048 in 2023

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13 Feb 2023Sold by developerReady
AED 1,024,048AED 1,034 per sqft

Source: Dubai Land Department. Updated 13 February 2023.

Key facts

Type
2-bed apartment
Size
989 sqft
Floor
3rd of 4
Parking
G-123
Developer
Credo Investments
Completed
2021
Service charge
AED 18,300 /yr
Last sold
AED 1.02M · February 2023
Building
Majestique Residence 1

About 308, Majestique Residence 1

308 is a two-bedroom apartment of 989 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 13 February 2023 for AED 1,024,048, or AED 1,034 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical two-bed in Majestique Residence 1
1M1.05M1.1M20232024202520262027Typical 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, February 2023: AED 1,024,048 (AED 1,034 per sqft)

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

Rents
Unit 308, 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 75,000

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 308 sits

All 61 2-beds →

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.

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
3022-bedAED 878K · Jul 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
1–7 of 30

308, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 13 February 2023 for AED 1,024,048, or AED 1,034 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 13 February 2023.

Questions about 308, Majestique Residence 1

What did unit 308 last sell for?

AED 1,024,048 on 13 February 2023, sold by the developer: AED 1,034 per sqft for 989 sqft. It is the only registered sale of the unit.

How big is unit 308?

989 sqft (91.9 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2021.

What is unit 308 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 308, Majestique Residence 1

Starts from the last sale price (AED 1.02M, 13 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,024,048
Deposit, UAE resident (20%)
AED 204,810
Deposit, non-resident (40%)
AED 409,619
Monthly over 25 years at 3.7%
AED 4,190

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