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2-bed · 934 sqftMajestique Residence 1, Dubai South · 4th floor · completed 2021

406, Majestique Residence 1

Sold prices and rental history: sold twice, last in November 2024, and rented once, from December 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 5 December 2024
Last soldAED 1.04M28 November 2024
Current rentAED 85K /yr5 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, Majestique Residence 1

What is 406 worth today?

Last sold for AED 1,043,450 in 2024

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5 Dec 2024RentedNew contract
AED 85,000/yr12 months · AED 91 per sqft
28 Nov 2024SoldReady
AED 1,043,450AED 1,117 per sqft
19 Sep 2021Sold by developerOff-plan
AED 979,999AED 1,049 per sqft

Source: Dubai Land Department. Updated 5 December 2024.

Key facts

Type
2-bed apartment
Size
934 sqft
Floor
4th of 4
Parking
G-09
Developer
Credo Investments
Completed
2021
Service charge
AED 17,200 /yr
Last sold
AED 1.04M · November 2024
Building
Majestique Residence 1

About 406, Majestique Residence 1

406 is a two-bedroom apartment of 934 sqft on the 4th floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. It last sold on 28 November 2024 for AED 1,043,450, or AED 1,117 per sqft, 5% above the AED 1,064 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 December 2024. The current contract, signed on 5 December 2024, is AED 85,000 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 17,200 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in Majestique Residence 1
1M1.1M2021202320252027Typical 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, September 2021: AED 979,999 (AED 1,049 per sqft)Sold, November 2024: AED 1,043,450 (AED 1,117 per sqft)

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

Rents
Unit 406, 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 75,000New contract, December 2024: AED 85,000 a year

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 406 sits

All 61 2-beds →

406 last sold in November 2024 at AED 1,117 per sqft, 5% above what two-beds in Majestique Residence 1 were fetching at the time (AED 1,064). 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. 406's AED 85,000 is in the lower half of that range.

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 4th floor

All 121 units in Majestique Residence 1
Value
401StudioAED 472K · Aug 2024
4022-bedAED 1.04M · Aug 2025
4032-bedAED 988K · Sep 2024
4042-bedAED 1.06M · May 2024
4052-bedAED 960K · Jul 2023
407StudioAED 459K · May 2024
4082-bedAED 1.05M · May 2024
1–7 of 30

406, Majestique Residence 1 in numbers

  • Sold twice: first on 19 September 2021 for AED 979,999, last on 28 November 2024 for AED 1,043,450 (AED 1,117 per sqft).
  • Rented since December 2024 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 8.2%, before a service charge of about AED 17,200 a year (AED 18.45 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 5 December 2024.

Questions about 406, Majestique Residence 1

What did unit 406 last sell for?

AED 1,043,450 on 28 November 2024: AED 1,117 per sqft for 934 sqft. The unit has 2 registered sales; the first was AED 979,999 in September 2021.

What is the rent for unit 406?

AED 85,000 a year on the contract signed on 5 December 2024.

How big is unit 406?

934 sqft (86.8 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2021.

What is unit 406 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 406, Majestique Residence 1

Starts from the last sale price (AED 1.04M, 28 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,043,450
Deposit, UAE resident (20%)
AED 208,690
Deposit, non-resident (40%)
AED 417,380
Monthly over 25 years at 3.7%
AED 4,269

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