Unit 118, Majestique Residence 1: what it sold for and what it is worth now

Unit 118 at Majestique Residence 1 is a studio of 396 sq ft. It last sold for AED 460,000 on 27 Nov 2023. At AED 1,265 per sq ft, from 6 sales in the building in the last 12 months (studio), it is worth about AED 501,000 today.

Value todayAED 501,000AED 450,000 to AED 517,000
Last saleAED 460,00027 Nov 2023 · Resale
Change since last sale+8.9%Building trend alone: AED 514,558
Rent (median asking, studio)AED 43,495Gross yield 8.7%
Bedroomsstudio
Size396 sq ft
Floor1 (from the unit number)
Position in the towerStack 18: units ending 18 share the same layout and view
BuildingMajestique Residence 1 by Credo Investments, handed over 2021
Registered sales of this unit1

Every registered sale of unit 118

DatePriceSizeAED/sq ftType
27 Nov 2023AED 460,000396 sq ft1,162Resale

Units ending 18 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
21816 Dec 2024AED 440,000396 sq ft1,111Resale
41821 Jun 2024AED 495,000396 sq ft1,250Resale
21828 Aug 2023AED 469,303396 sq ft1,185Resale
3186 Jun 2023AED 461,000396 sq ft1,164Resale

Latest studio sales in Majestique Residence 1

UnitDatePriceSizeAED/sq ftType
1279 Oct 2026AED 500,000380 sq ft1,316Resale
1151 Sep 2026AED 427,120396 sq ft1,079Resale
22018 Aug 2026AED 434,625396 sq ft1,098Resale
32128 Jul 2026AED 500,000399 sq ft1,253Resale
31313 Mar 2026AED 565,000395 sq ft1,430Resale
22720 Oct 2025AED 485,000380 sq ft1,276Resale
12228 Jul 2025AED 570,400498 sq ft1,145Resale
22217 Apr 2025AED 500,000498 sq ft1,004Resale

How we worked out the value

We took the 6 sales in Majestique Residence 1 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,265). We multiplied it by the size of this unit (396 sq ft). The range uses the middle half of those sales (AED 1,136 to AED 1,306 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 514,558. Floor, view, condition and upgrades can move the price either way. Sales data to 9 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 118 at Majestique Residence 1 worth?

About AED 501,000 (range AED 450,000 to AED 517,000), based on AED 1,265 per sq ft from registered sales up to 9 Oct 2026.

When did unit 118 last sell?

27 Nov 2023, for AED 460,000 (resale). It has 1 registered sale.

What rent can unit 118 make?

A studio in Majestique Residence 1 rents for about AED 43,495 a year (median asking rent). That is a gross yield of 8.7% on the estimate.

Sales alert for Majestique Residence 1All sales in Majestique Residence 1

Unit 117 · Unit 119