Majestine
✓ Resale Available

Majestine

From AED 1.71M·Completed Dec 2018·100% down payment Payment
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AED 1.71M
Starting Price
Dec 2018
Handover
100% down payment
Payment Plan
1 BR · Apartments
Type

Project Overview

Majestine is a premium project by Damac Properties, featuring two majestic towers that embody Dubai’s modern urban architecture. Each tower includes a ground level and 19 floors. Located in the prestigious and vibrant Business Bay district, the complex offers studios and apartments with one to three bedrooms. The exterior of the complex showcases sophisticated design, while the interiors of the apartments are meticulously crafted. Pale gold tones with subtle blue accents create an atmosphere of elegance and luxury. Each apartment is equipped with modern furniture and appliances, ensuring comfort and functionality. Residents of Majestine enjoy a high level of service, combining the comforts of home with the amenities of a luxury hotel. The complex features an elegant lobby, a gym, a swimming pool, relaxation areas, and a SPA center. Stunning views of Dubai Creek enhance the serene ambiance. Numerous restaurants, cafes, boutiques, and shops of world-renowned brands are located nearby. The apartments are situated in the heart of the Burj district, within the “platinum square kilometer,” and are managed by DAMAC Maison Hotels & Resorts. The prime location allows residents to reach The Dubai Mall and Burj Khalifa in 9 minutes, Jumeirah Beach in 9 minutes, and Dubai International Airport in 15 minutes.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit Types1 BR, Apartments
AreaBusiness Bay
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 73,959 / year
Cash-on-Cash
1.8%
Levered cashflow AED 17,397
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 111,410 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Majestine launch basis1,904AED 1.71MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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Majestine official render 1

Majestine official render 1

Majestine official render 2

Majestine official render 2

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Majestine official render 3

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Majestine official render 5

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Majestine official render 7

Majestine official render 8

Majestine official render 8

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

100% down payment

Flexible Payment

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Floor Plans

Majestine — 1 Bedroom Floor Plan

Amenities & Lifestyle

Covered Parking
Coworking zone
Dining outlets (coffee houses & restaurants)
Leisure areas
Lift
Lobby
SPA
Shared Pool
Shared gym
Social zone
Valet parking

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

Majestine by Damac Properties

02

Located in Business Bay

03

Starting from AED 1,714,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Dec 2018

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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