Unit 1516, DAMAC Majestine: what it sold for and what it is worth now

Unit 1516 at DAMAC Majestine is a 1 bed of 904 sq ft. It last sold for AED 1,666,000 on 30 Mar 2023. At AED 1,465 per sq ft, from 11 sales in the building in the last 12 months (1 bed), it is worth about AED 1,325,000 today.

Value todayAED 1,325,000AED 1,231,000 to AED 1,365,000
Last saleAED 1,666,00030 Mar 2023 · Resale
Change since last sale-20.5%Building trend alone: AED 1,506,711
Rent (median asking, 1 bed)AED 87,500Gross yield 6.6%
Bedrooms1 bed
Size904 sq ft
Floor15 (from the unit number)
Position in the towerStack 16: units ending 16 share the same layout and view
BuildingDAMAC Majestine by DAMAC Properties, handed over 2018
Registered sales of this unit1

Every registered sale of unit 1516

DatePriceSizeAED/sq ftType
30 Mar 2023AED 1,666,000904 sq ft1,843Resale

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
71620 Aug 2026AED 740,000430 sq ft1,721Resale
5163 Apr 2024AED 770,000430 sq ft1,791Resale
61623 Aug 2023AED 650,000430 sq ft1,512Resale
51613 Feb 2023AED 715,000430 sq ft1,663Resale
16166 Feb 2023AED 650,000430 sq ft1,512Resale
41619 Jan 2023AED 1,393,000921 sq ft1,512Resale
171613 Dec 2022AED 700,000430 sq ft1,628Resale
51610 Mar 2022AED 588,966430 sq ft1,370Resale

Latest 1 bed sales in DAMAC Majestine

UnitDatePriceSizeAED/sq ftType
181318 Aug 2026AED 1,250,0001,006 sq ft1,243Resale
40720 Jul 2026AED 1,282,931956 sq ft1,342Resale
1104A23 Apr 2026AED 1,433,8161,034 sq ft1,387Resale
18196 Apr 2026AED 1,305,000944 sq ft1,382Resale
1513A30 Mar 2026AED 1,350,000894 sq ft1,510Resale
1803A12 Mar 2026AED 1,280,000963 sq ft1,329Resale
1102A27 Feb 2026AED 1,430,000853 sq ft1,676Resale
913A16 Jan 2026AED 1,350,000894 sq ft1,510Resale

How we worked out the value

We took the 11 sales in DAMAC Majestine in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,465). We multiplied it by the size of this unit (904 sq ft). The range uses the middle half of those sales (AED 1,362 to AED 1,510 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,506,711. Floor, view, condition and upgrades can move the price either way. Sales data to 15 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 1516 at DAMAC Majestine worth?

About AED 1,325,000 (range AED 1,231,000 to AED 1,365,000), based on AED 1,465 per sq ft from registered sales up to 15 Sep 2026.

When did unit 1516 last sell?

30 Mar 2023, for AED 1,666,000 (resale). It has 1 registered sale.

What rent can unit 1516 make?

A 1 bed in DAMAC Majestine rents for about AED 87,500 a year (median asking rent). That is a gross yield of 6.6% on the estimate.

Sales alert for DAMAC MajestineAll sales in DAMAC Majestine

Unit 1515 · Unit 1517