407, Majestique Residence 1
Sold prices and rental history: sold once, by the developer in May 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Majestique Residence 1
What is 407 worth today?
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Source: Dubai Land Department. Updated 20 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 378 sqft
- Floor
- 4th of 4
- Parking
- G-10
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 7,000 /yr
- Last sold
- AED 459K · May 2024
- Building
- Majestique Residence 1
About 407, Majestique Residence 1
407 is a studio of 378 sqft on the 4th floor of Majestique Residence 1, a 4-storey tower in Dubai South completed in 2021 by Credo Investments. The developer sold it on 1 May 2024 for AED 459,000, or AED 1,214 per sqft, 3% above the AED 1,173 studios in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 20 July 2026, is AED 42,000 a year: a gross yield of 9.2% on the 2024 price, before the service charge of about AED 7,000 a year.
Sales and rents for 407 over time
407 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 407 sits
All 48 studios →407 last sold in May 2024 at AED 1,214 per sqft, 3% above what studios in Majestique Residence 1 were fetching at the time (AED 1,173). 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. 407's AED 42,000 is in the upper half of that range.
| 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 4th floor
All 121 units in Majestique Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 376 sqft | AED 472KAED 471,853 · Aug 2024August 2024 | ||
| 402 | 2-bed | 883 sqft | AED 1.04MAED 1,037,500 · Aug 2025August 2025 | ||
| 403 | 2-bed | 923 sqft | AED 988KAED 988,296 · Sep 2024September 2024 | 75,000 /yr | |
| 404 | 2-bed | 997 sqft | AED 1.06MAED 1,062,000 · May 2024May 2024 | 80,000 /yr | |
| 405 | 2-bed | 940 sqft | AED 960KAED 960,000 · Jul 2023July 2023 | 80,000 /yr | |
| 406 | 2-bed | 934 sqft | AED 1.04MAED 1,043,450 · Nov 2024November 2024 | 85,000 /yr | |
| 408 | 2-bed | 989 sqft | AED 1.05MAED 1,053,000 · May 2024May 2024 | 75,000 /yr | |
| 409 | 2-bed | 1,095 sqft | AED 1.07MAED 1,070,000 · Dec 2025December 2025 | ||
| 410 | 1-bed | 686 sqft | AED 753KAED 753,000 · Oct 2024October 2024 | 65,000 /yr | |
| 411 | 1-bed | 787 sqft | AED 891KAED 890,820 · Jul 2025July 2025 | 65,000 /yr | |
| 412 | 2-bed | 928 sqft | AED 1.06MAED 1,061,000 · May 2025May 2025 | ||
| 413 | Studio | 396 sqft | AED 508KAED 508,217 · Sep 2024September 2024 | 41,000 /yr | |
| 414 | 2-bed | 935 sqft | AED 1.02MAED 1,015,000 · Jan 2025January 2025 | ||
| 415 | Studio | 396 sqft | AED 495KAED 495,000 · Jul 2024July 2024 | 40,000 /yr | |
| 416 | Studio | 396 sqft | AED 493KAED 492,940 · Sep 2024September 2024 | ||
| 417 | Studio | 396 sqft | AED 495KAED 495,000 · Jul 2024July 2024 | 40,000 /yr | |
| 418 | Studio | 396 sqft | AED 495KAED 495,000 · Jun 2024June 2024 | 60,000 /yr | |
| 419 | 2-bed | 939 sqft | AED 1.11MAED 1,108,444 · Apr 2025April 2025 | 90,000 /yr | |
| 420 | Studio | 396 sqft | AED 502KAED 502,000 · Aug 2024August 2024 | 45,000 /yr | |
| 421 | Studio | 399 sqft | AED 515KAED 515,000 · Oct 2024October 2024 | 45,000 /yr | |
| 422 | Studio | 498 sqft | AED 613KAED 612,719 · Jul 2024July 2024 | ||
| 423 | 1-bed | 710 sqft | AED 791KAED 790,575 · Aug 2023August 2023 | 60,000 /yr | |
| 424 | 2-bed | 990 sqft | AED 1.04MAED 1,037,000 · Jun 2024June 2024 | ||
| 425 | Studio | 378 sqft | AED 477KAED 477,076 · Aug 2024August 2024 | 38,000 /yr | |
| 426 | 2-bed | 934 sqft | AED 1.03MAED 1,030,303 · Sep 2024September 2024 | 70,000 /yr | |
| 427 | Studio | 380 sqft | AED 480KAED 480,000 · Nov 2024November 2024 | ||
| 428 | 2-bed | 883 sqft | AED 1.06MAED 1,060,000 · Jan 2026January 2026 | ||
| 429 | 2-bed | 939 sqft | AED 984KAED 984,000 · Jun 2024June 2024 | ||
| 430 | 2-bed | 1,004 sqft | AED 1.02MAED 1,023,000 · Aug 2023August 2023 | 120,000 /yr | |
| 431 | 2-bed | 923 sqft | AED 998KAED 998,279 · Sep 2024September 2024 | 70,195 /yr |
407, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 1 May 2024 for AED 459,000, or AED 1,214 per sqft.
- Rented since July 2024 on 3 Ejari contracts, from AED 40,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2024 price is 9.2%, before a service charge of about AED 7,000 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 20 July 2026.
Questions about 407, Majestique Residence 1
What did unit 407 last sell for?
AED 459,000 on 1 May 2024, sold by the developer: AED 1,214 per sqft for 378 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 42,000 a year on the contract renewed on 20 July 2026. The previous contract, from July 2025, was AED 40,000; the unit has been rented since July 2024.
How big is unit 407?
378 sqft (35.1 sqm): a studio on the 4th floor of a 4-storey tower completed in 2021.
What is unit 407 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 407, Majestique Residence 1
Starts from the last sale price (AED 459K, 1 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 459,000
- Deposit, UAE resident (20%)
- AED 91,800
- Deposit, non-resident (40%)
- AED 183,600
- Monthly over 25 years at 3.7%
- AED 1,878
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →