316, Majestique Residence 1
Sold prices and rental history: sold once, by the developer in July 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 316, Majestique Residence 1
What is 316 worth today?
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Source: Dubai Land Department. Updated 5 July 2023.
Key facts
- Type
- Studio apartment
- Size
- 396 sqft
- Floor
- 3rd of 4
- Parking
- G-75
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 7,300 /yr
- Last sold
- AED 498K · July 2023
- Building
- Majestique Residence 1
About 316, Majestique Residence 1
316 is a studio of 396 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 5 July 2023 for AED 498,066, or AED 1,257 per sqft, 8% above the AED 1,163 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 316 over time
316 has sold once; 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 316 sits
All 48 studios →316 last sold in July 2023 at AED 1,257 per sqft, 8% above what studios in Majestique Residence 1 were fetching at the time (AED 1,163). 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.
| 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 3rd floor
All 121 units in Majestique Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | Studio | 376 sqft | AED 403KAED 402,800 · Jan 2023January 2023 | 31,500 /yr | |
| 302 | 2-bed | 883 sqft | AED 878KAED 877,800 · Jul 2023July 2023 | 72,000 /yr | |
| 303 | 2-bed | 923 sqft | AED 994KAED 993,570 · Nov 2024November 2024 | 75,000 /yr | |
| 304 | 2-bed | 998 sqft | AED 975KAED 975,000 · Oct 2023October 2023 | 79,000 /yr | |
| 305 | 2-bed | 934 sqft | AED 994KAED 994,025 · Sep 2024September 2024 | ||
| 306 | 2-bed | 991 sqft | AED 1.05MAED 1,045,888 · Mar 2024March 2024 | ||
| 307 | Studio | 378 sqft | AED 480KAED 479,999 · Sep 2021September 2021 | ||
| 308 | 2-bed | 989 sqft | AED 1.02MAED 1,024,048 · Feb 2023February 2023 | ||
| 309 | 2-bed | 1,095 sqft | AED 1.1MAED 1,100,000 · Sep 2024September 2024 | 77,000 /yr | |
| 310 | 1-bed | 688 sqft | AED 738KAED 737,500 · Dec 2023December 2023 | ||
| 311 | 1-bed | 788 sqft | AED 910KAED 910,000 · Mar 2023March 2023 | ||
| 312 | 2-bed | 928 sqft | AED 998KAED 998,386 · Oct 2024October 2024 | ||
| 313 | Studio | 395 sqft | AED 565KAED 565,000 · Mar 2026March 2026 | 43,500 /yr | |
| 314 | 2-bed | 935 sqft | AED 976KAED 975,810 · Nov 2024November 2024 | ||
| 315 | Studio | 396 sqft | AED 465KAED 465,000 · May 2023May 2023 | 33,000 /yr | |
| 317 | Studio | 396 sqft | AED 465KAED 465,000 · May 2023May 2023 | 42,000 /yr | |
| 318 | Studio | 396 sqft | AED 461KAED 461,000 · Jun 2023June 2023 | 25,000 /yr | |
| 319 | 2-bed | 939 sqft | AED 1.01MAED 1,010,381 · Oct 2024October 2024 | ||
| 320 | Studio | 396 sqft | AED 464KAED 463,798 · Aug 2023August 2023 | ||
| 321 | Studio | 399 sqft | AED 500KAED 500,000 · Jul 2026July 2026 | ||
| 322 | Studio | 498 sqft | AED 588KAED 588,154 · Dec 2023December 2023 | ||
| 323 | 1-bed | 710 sqft | AED 760KAED 760,000 · Jan 2023January 2023 | 50,000 /yr | |
| 324 | 2-bed | 990 sqft | AED 1.02MAED 1,018,220 · May 2024May 2024 | 78,000 /yr | |
| 325 | Studio | 378 sqft | AED 450KAED 450,000 · Apr 2023April 2023 | 27,600 /yr | |
| 326 | 2-bed | 991 sqft | AED 1.02MAED 1,019,200 · May 2024May 2024 | 75,000 /yr | |
| 327 | Studio | 380 sqft | AED 429KAED 428,622 · Mar 2023March 2023 | 39,000 /yr | |
| 328 | 2-bed | 883 sqft | AED 1.08MAED 1,077,000 · Jan 2026January 2026 | 90,000 /yr | |
| 329 | 2-bed | 934 sqft | AED 976KAED 975,888 · Mar 2024March 2024 | 80,000 /yr | |
| 330 | 2-bed | 995 sqft | AED 1.01MAED 1,010,000 · Aug 2023August 2023 | 120,000 /yr | |
| 331 | 2-bed | 923 sqft | AED 994KAED 993,570 · Nov 2024November 2024 | 83,000 /yr |
316, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 5 July 2023 for AED 498,066, or AED 1,257 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 July 2023.
Questions about 316, Majestique Residence 1
What did unit 316 last sell for?
AED 498,066 on 5 July 2023, sold by the developer: AED 1,257 per sqft for 396 sqft. It is the only registered sale of the unit.
How big is unit 316?
396 sqft (36.8 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2021.
What is unit 316 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.
Selling 316? Put it on the OpenOffers board
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Mortgage on 316, Majestique Residence 1
Starts from the last sale price (AED 498K, 5 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 498,066
- Deposit, UAE resident (20%)
- AED 99,613
- Deposit, non-resident (40%)
- AED 199,226
- Monthly over 25 years at 3.7%
- AED 2,038
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →