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Studio · 396 sqftMajestique Residence 1, Dubai South · 3rd floor · completed 2021

317, Majestique Residence 1

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

Unit 317 · DLD and Ejari recordsUpdated 25 July 2026
Last soldAED 465K3 May 2023
Current rentAED 42K /yr25 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 317, Majestique Residence 1

What is 317 worth today?

Last sold for AED 465,000 in 2023

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25 Jul 2026RentedRenewal
AED 42,000/yr12 months · AED 105 per sqft
25 Jul 2025RentedRenewal
AED 42,000/yr12 months · AED 105 per sqft
25 Jul 2025RentedRenewal
AED 42,000/yr12 months · AED 105 per sqft
25 Jul 2024RentedRenewal
AED 38,000/yr12 months · AED 95 per sqft
3 May 2023Sold by developerReady
AED 465,000AED 1,173 per sqft

Source: Dubai Land Department. Updated 25 July 2026.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
3rd of 4
Parking
G-76
Developer
Credo Investments
Completed
2021
Service charge
AED 7,300 /yr
Last sold
AED 465K · May 2023
Building
Majestique Residence 1

About 317, Majestique Residence 1

317 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 3 May 2023 for AED 465,000, or AED 1,173 per sqft, 4% above the AED 1,129 studios in the building were fetching at the time.

It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, renewed on 25 July 2026, is AED 42,000 a year: a gross yield of 9.0% on the 2023 price, before the service charge of about AED 7,300 a year.

Sales and rents for 317 over time

Sales
Unit 317, each saleTypical studio in Majestique Residence 1
460K480K500K20232024202520262027Typical sale price by year: 2023 AED 461,000; 2024 AED 487,500; 2025 AED 490,000; 2026 AED 500,000Sold by developer, May 2023: AED 465,000 (AED 1,173 per sqft)

317 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 317, each contractTypical studio in Majestique Residence 1
30K35K40K202220242026Typical rent by year: 2022 AED 33,500; 2023 AED 31,000; 2024 AED 39,251; 2025 AED 40,500; 2026 AED 40,000Renewal, July 2024: AED 38,000 a yearRenewal, July 2025: AED 42,000 a yearRenewal, July 2025: AED 42,000 a yearRenewal, July 2026: AED 42,000 a year

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 317 sits

All 48 studios →

317 last sold in May 2023 at AED 1,173 per sqft, 4% above what studios in Majestique Residence 1 were fetching at the time (AED 1,129). 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. 317's AED 42,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Oct 2026500,000
1 Sep 2026427,120
18 Aug 2026434,625
28 Jul 2026500,000
5 studio 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

317, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 3 May 2023 for AED 465,000, or AED 1,173 per sqft.
  • Rented since July 2024 on 4 Ejari contracts, from AED 38,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2023 price is 9.0%, 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 25 July 2026.

Questions about 317, Majestique Residence 1

What did unit 317 last sell for?

AED 465,000 on 3 May 2023, sold by the developer: AED 1,173 per sqft for 396 sqft. It is the only registered sale of the unit.

What is the rent for unit 317?

AED 42,000 a year on the contract renewed on 25 July 2026. The previous contract, from July 2025, was AED 42,000; the unit has been rented since July 2024.

How big is unit 317?

396 sqft (36.8 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2021.

What is unit 317 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 317, Majestique Residence 1

Starts from the last sale price (AED 465K, 3 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 465,000
Deposit, UAE resident (20%)
AED 93,000
Deposit, non-resident (40%)
AED 186,000
Monthly over 25 years at 3.7%
AED 1,902

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