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Studio · 396 sqftMajestique Residence 1, Dubai South · 4th floor · completed 2021

420, Majestique Residence 1

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

Unit 420 · DLD and Ejari recordsUpdated 17 September 2026
Last soldAED 502K9 August 2024
Current rentAED 45K /yr17 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 420, Majestique Residence 1

What is 420 worth today?

Last sold for AED 502,000 in 2024

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17 Sep 2026RentedRenewal
AED 45,000/yr12 months · AED 114 per sqft
17 Sep 2025RentedNew contract
AED 44,000/yr12 months · AED 111 per sqft
10 Sep 2024RentedNew contract
AED 40,000/yr12 months · AED 101 per sqft
9 Aug 2024Sold by developerReady
AED 502,000AED 1,267 per sqft

Source: Dubai Land Department. Updated 17 September 2026.

Key facts

Type
Studio apartment
Size
396 sqft
Floor
4th of 4
Parking
G-105
Developer
Credo Investments
Completed
2021
Service charge
AED 7,300 /yr
Last sold
AED 502K · August 2024
Building
Majestique Residence 1

About 420, Majestique Residence 1

420 is a studio of 396 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 9 August 2024 for AED 502,000, or AED 1,267 per sqft, 4% above the AED 1,214 studios in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 17 September 2026, is AED 45,000 a year: a gross yield of 9.0% on the 2024 price, before the service charge of about AED 7,300 a year.

Sales and rents for 420 over time

Sales
Unit 420, 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, August 2024: AED 502,000 (AED 1,267 per sqft)

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

Rents
Unit 420, 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 2024: AED 40,000 a yearNew contract, September 2025: AED 44,000 a yearRenewal, September 2026: AED 45,000 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 420 sits

All 48 studios →

420 last sold in August 2024 at AED 1,267 per sqft, 4% above what studios in Majestique Residence 1 were fetching at the time (AED 1,214). 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. 420's AED 45,000 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 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
4062-bedAED 1.04M · Nov 2024
407StudioAED 459K · May 2024
1–7 of 30

420, Majestique Residence 1 in numbers

  • Sold once: by Credo Investments on 9 August 2024 for AED 502,000, or AED 1,267 per sqft.
  • Rented since September 2024 on 3 Ejari contracts, from AED 40,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2024 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 17 September 2026.

Questions about 420, Majestique Residence 1

What did unit 420 last sell for?

AED 502,000 on 9 August 2024, sold by the developer: AED 1,267 per sqft for 396 sqft. It is the only registered sale of the unit.

What is the rent for unit 420?

AED 45,000 a year on the contract renewed on 17 September 2026. The previous contract, from September 2025, was AED 44,000; the unit has been rented since September 2024.

How big is unit 420?

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

What is unit 420 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 420, Majestique Residence 1

Starts from the last sale price (AED 502K, 9 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 502,000
Deposit, UAE resident (20%)
AED 100,400
Deposit, non-resident (40%)
AED 200,800
Monthly over 25 years at 3.7%
AED 2,054

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