Unit 216, Majestique Residence 1: what it sold for and what it is worth now

Unit 216 at Majestique Residence 1 is a studio of 396 sq ft. It last sold for AED 434,000 on 20 Jan 2025. 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 434,00020 Jan 2025 · Resale
Change since last sale+15.4%Building trend alone: AED 471,405
Rent (median asking, studio)AED 43,495Gross yield 8.7%
Bedroomsstudio
Size396 sq ft
Floor2 (from the unit number)
Position in the towerStack 16: units ending 16 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 216

DatePriceSizeAED/sq ftType
20 Jan 2025AED 434,000396 sq ft1,096Resale

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
4163 Sep 2024AED 492,940396 sq ft1,245Resale
1168 Nov 2023AED 477,245396 sq ft1,205Resale
3165 Jul 2023AED 498,066396 sq ft1,258Resale

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 471,405. 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 216 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 216 last sell?

20 Jan 2025, for AED 434,000 (resale). It has 1 registered sale.

What rent can unit 216 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 215 · Unit 217