Home
Dubai prices
About
Research
Studio · 396 sqftMajestique Residence 1, Dubai South · 3rd floor · completed 2021

318, Majestique Residence 1

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

Unit 318 · DLD and Ejari recordsUpdated 6 September 2023
Last soldAED 461K6 June 2023
Current rentAED 25K /yr6 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 318

Property timeline for 318, Majestique Residence 1

What is 318 worth today?

Last sold for AED 461,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

6 Sep 2023RentedNew contract
AED 25,000/yr12 months · AED 63 per sqft
6 Jun 2023Sold by developerReady
AED 461,000AED 1,163 per sqft

Source: Dubai Land Department. Updated 6 September 2023.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
3rd of 4
Parking
G-77
Developer
Credo Investments
Completed
2021
Service charge
AED 7,300 /yr
Last sold
AED 461K · June 2023
Building
Majestique Residence 1

About 318, Majestique Residence 1

318 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 6 June 2023 for AED 461,000, or AED 1,163 per sqft, in line with the AED 1,159 studios in the building were fetching at the time.

One Ejari contract is registered, from 6 September 2023. The current contract, signed on 6 September 2023, is AED 25,000 a year: a gross yield of 5.4% on the 2023 price, before the service charge of about AED 7,300 a year.

Sales and rents for 318 over time

Sales
Unit 318, 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, June 2023: AED 461,000 (AED 1,163 per sqft)

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

Rents
Unit 318, each contractTypical studio in Majestique Residence 1
30K40K202220242026Typical rent by year: 2022 AED 33,500; 2023 AED 31,000; 2024 AED 39,251; 2025 AED 40,500; 2026 AED 40,000New contract, September 2023: AED 25,000 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 318 sits

All 48 studios →

318 last sold in June 2023 at AED 1,163 per sqft, in line with what studios in Majestique Residence 1 were fetching at the time (AED 1,159). 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. 318's AED 25,000 is at the bottom 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

318, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 6 June 2023 for AED 461,000, or AED 1,163 per sqft.
  • Rented since September 2023 on one Ejari contract, at AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2023 price is 5.4%, 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 6 September 2023.

Questions about 318, Majestique Residence 1

What did unit 318 last sell for?

AED 461,000 on 6 June 2023, sold by the developer: AED 1,163 per sqft for 396 sqft. It is the only registered sale of the unit.

What is the rent for unit 318?

AED 25,000 a year on the contract signed on 6 September 2023.

How big is unit 318?

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

What is unit 318 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 318? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 318, Majestique Residence 1

Starts from the last sale price (AED 461K, 6 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 461,000
Deposit, UAE resident (20%)
AED 92,200
Deposit, non-resident (40%)
AED 184,400
Monthly over 25 years at 3.7%
AED 1,886

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