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1-bed · 710 sqftMajestique Residence 1, Dubai South · 3rd floor · completed 2021

323, Majestique Residence 1

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

Unit 323 · DLD and Ejari recordsUpdated 18 October 2024
Last soldAED 760K3 January 2023
Current rentAED 50K /yr18 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 323, Majestique Residence 1

What is 323 worth today?

Last sold for AED 760,000 in 2023

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18 Oct 2024RentedRenewal
AED 50,000/yr12 months · AED 70 per sqft
3 Jan 2023Sold by developerReady
AED 760,000AED 1,069 per sqft

Source: Dubai Land Department. Updated 18 October 2024.

Key facts

Type
1-bed apartment
Size
710 sqft
Floor
3rd of 4
Parking
G-82
Developer
Credo Investments
Completed
2021
Service charge
AED 13,100 /yr
Last sold
AED 760K · January 2023
Building
Majestique Residence 1

About 323, Majestique Residence 1

323 is a one-bedroom apartment of 710 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 January 2023 for AED 760,000, or AED 1,069 per sqft.

One Ejari contract is registered, from 18 October 2024. The current contract, renewed on 18 October 2024, is AED 50,000 a year: a gross yield of 6.6% on the 2023 price, before the service charge of about AED 13,100 a year.

Sales and rents for 323 over time

Sales
Unit 323, each saleTypical one-bed in Majestique Residence 1
750K800K850K2023202420252026Typical sale price by year: 2023 AED 760,000; 2024 AED 782,095; 2025 AED 865,000Sold by developer, January 2023: AED 760,000 (AED 1,069 per sqft)

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

Rents
Unit 323, each contractTypical one-bed in Majestique Residence 1
50K60K202220242026Typical rent by year: 2022 AED 43,250; 2024 AED 46,500; 2025 AED 60,000; 2026 AED 60,000Renewal, October 2024: AED 50,000 a year

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

1-beds in Majestique Residence 1, and where 323 sits

All 12 1-beds →

323's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Jul 2025890,820
10 Jun 2025865,000
27 Jan 2025798,000
25 Dec 2024800,000
0 1-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

323, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 3 January 2023 for AED 760,000, or AED 1,069 per sqft.
  • Rented since October 2024 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 6.6%, before a service charge of about AED 13,100 a year (AED 18.45 per sqft).

Source: Dubai Land Department. Updated 18 October 2024.

Questions about 323, Majestique Residence 1

What did unit 323 last sell for?

AED 760,000 on 3 January 2023, sold by the developer: AED 1,069 per sqft for 710 sqft. It is the only registered sale of the unit.

What is the rent for unit 323?

AED 50,000 a year on the contract renewed on 18 October 2024.

How big is unit 323?

710 sqft (66.0 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2021.

What is unit 323 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 323, Majestique Residence 1

Starts from the last sale price (AED 760K, 3 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 760,000
Deposit, UAE resident (20%)
AED 152,000
Deposit, non-resident (40%)
AED 304,000
Monthly over 25 years at 3.7%
AED 3,109

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