Majestine — project image
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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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 73,959 / year
Cash-on-Cash
2.2%
Levered cashflow AED 17,397
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 788,440 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

100% down payment

Published payment summary

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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

Business Bay

Developer and Project Facts

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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Property Enquiries

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

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