PropertyIndex

Al Majara 5

Under Construction · Date not reported|53 units · 1 building

Al Majara 5 is an under-construction development by PRIME MARINA PROPERTY DEVELOPERS L.L.C in Dubai Marina, comprising 53 registered units. 97 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,180 per sqft. At AED 2,180 per sqft, Al Majara 5 prices 10% below the Dubai Marina median of AED 2,430 per sqft on registered sales.

PIX© price · 10.8% YoY
2.85MAED
Typical
2,180AED
PSF
Gross yield
5.9%
PIX© rent ÷ PIX© price
Sale records
97
DLD · all time
Rent contracts
387
Ejari · all time
Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor
Units on floor 5

1 Bed on Floor 5, Al Majara 5

Size
Record
Jun 2009 to May 2023
Owners
6
Tenants
3
Price change
Yield on cost
Sale price by owner
PartyDatePrice / RentAEDPSFvs priorHeldNote
6Owner 612 May 20233.4 yrs
Current owner
5Owner 524 Feb 20212.2 yrs
Sold with tenant in place
Mortgage
3Tenant 310 Aug 202012 mo
Renewal
Owner 4
3Tenant 310 Aug 201912 mo
Owner 4
2Tenant 210 Aug 201812 mo
Ended early
Owner 4
1Tenant 126 Apr 20162.2 yrs
Owner 4
4Owner 47 Apr 20164.9 yrs
3Owner 310 Jan 20163 mo
Transferred without a registered sale
2Owner 225 Jun 20096.5 yrs
Owner 1 · UndisclosedAcquisition date and price not on record
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1 Bed · Floor 5 · Al Majara 5
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Al Majara 5

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
785 - 2,173 sqft
532.85M2,18010.8%169K5.9%
1 Bed · Apartment
785 - 1,151 sqft
22
2 Bed · Apartment
1,119 - 1,938 sqft
24
3 Bed · Apartment
1,937 - 2,173 sqft
7
Sales - Project-Wide97 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnit No.BedsPositionSizePricePSFvs Prior SaleTierType
27 Aug 20262 BedAl Majara 5 · Floor G1,1191,980,0001,769+98.0%StandardStandard Sale
24 Aug 20262 BedAl Majara 5 · Floor M1,2702,990,0002,354+206.1%StandardStandard Sale
16 Feb 20261 BedAl Majara 5 · Floor 51,1192,645,0002,364+34.6%StandardStandard Sale
Rentals - Project-Wide387 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Latest contracts
Start DateUnit No.BedsPositionSizeRent / YrRent PSFvs Prior RentTierType
28 Aug 20261 BedAl Majara 5 · Floor 11,011115,000114-StandardCERTIFICATE
10 Aug 20262 BedAl Majara 5 · Floor M1,431132,82593-StandardCERTIFICATE
3 Aug 20262 BedAl Majara 5 · Floor 11,516140,00092-StandardCERTIFICATE

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Dubai Marina

The closest-priced registered projects in Dubai Marina.

Common questions about Al Majara 5

Answered from Dubai Land Department registered transactions.

How much does a property in Al Majara 5 cost?

Property in Al Majara 5 sells at a current PIX© price of AED 2,180 per sqft, or about AED 2,848,324 for a typical unit, based on 97 sales registered with the Dubai Land Department.

When is Al Majara 5 handing over?

Al Majara 5 is under construction in the Dubai Land Department project register. No handover date is on record.

Who is the developer of Al Majara 5?

Al Majara 5 is developed by PRIME MARINA PROPERTY DEVELOPERS L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Al Majara 5?

Al Majara 5 yields 5.9% gross, calculated from current PIX© rent against current PIX© sale price, across 387 registered Ejari contracts.

How many units are in Al Majara 5?

Al Majara 5 holds 53 registered units, per the Dubai Land Department unit register.

Have prices in Al Majara 5 gone up or down?

Price per sqft has risen +10.8% over the last 12 months, to AED 2,180, across 97 registered sales.