423, Majestique Residence 1
Sold prices and rental history: sold once, by the developer in August 2023, and rented since 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 423, Majestique Residence 1
What is 423 worth today?
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Source: Dubai Land Department. Updated 4 November 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 710 sqft
- Floor
- 4th of 4
- Parking
- G-86
- Developer
- Credo Investments
- Completed
- 2021
- Service charge
- AED 13,100 /yr
- Last sold
- AED 791K · August 2023
- Building
- Majestique Residence 1
About 423, Majestique Residence 1
423 is a one-bedroom apartment of 710 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 30 August 2023 for AED 790,575, or AED 1,112 per sqft, in line with the AED 1,112 one-beds in the building were fetching at the time.
It has been rented since 2026 on 2 Ejari contracts. The current contract, signed on 4 November 2026, is AED 60,000 a year: a gross yield of 7.6% on the 2023 price, before the service charge of about AED 13,100 a year.
Sales and rents for 423 over time
423 has sold once; the dashed line is the one-bed median of each year in the building.
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 423 sits
All 12 1-beds →423 last sold in August 2023 at AED 1,112 per sqft, in line with what one-beds in Majestique Residence 1 were fetching at the time (AED 1,112). 423's AED 60,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jul 20259 July 2025 | 787 sqft | 890,820 | 1,131 | ||
| 10 Jun 202510 June 2025 | 788 sqft | 865,000 | 1,097 | ||
| 27 Jan 202527 January 2025 | 713 sqft | 798,000 | 1,119 | ||
| 25 Dec 202425 December 2024 | 710 sqft | 800,000 | 1,126 |
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 | |
| 407 | Studio | 378 sqft | AED 459KAED 459,000 · May 2024May 2024 | 42,000 /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 | ||
| 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 |
423, Majestique Residence 1 in numbers
- Sold once: by Credo Investments on 30 August 2023 for AED 790,575, or AED 1,112 per sqft.
- Rented since April 2026 on 2 Ejari contracts, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2023 price is 7.6%, before a service charge of about AED 13,100 a year (AED 18.45 per sqft).
Source: Dubai Land Department. Updated 4 November 2026.
Questions about 423, Majestique Residence 1
What did unit 423 last sell for?
AED 790,575 on 30 August 2023, sold by the developer: AED 1,112 per sqft for 710 sqft. It is the only registered sale of the unit.
What is the rent for unit 423?
AED 60,000 a year on the contract signed on 4 November 2026. The previous contract, from April 2026, was AED 60,000.
How big is unit 423?
710 sqft (66.0 sqm): a one-bedroom apartment on the 4th floor of a 4-storey tower completed in 2021.
What is unit 423 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 423, Majestique Residence 1
Starts from the last sale price (AED 791K, 30 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 790,575
- Deposit, UAE resident (20%)
- AED 158,115
- Deposit, non-resident (40%)
- AED 316,230
- Monthly over 25 years at 3.7%
- AED 3,234
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →