Majestique Residence 2 — project image
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Majestique Residence 2

From AED 1.20M·Completed Dec 2022·50% down payment Payment
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AED 1.20M
Starting Price
Dec 2022
Handover
50% down payment
Payment Plan
2 BR · Apartments
Type

Project Overview

Majestique Residence 2 is a five-storey residential building by Credo Investments FZE, located in Dubai South Residential City, Dubai. The project consists of two exquisitely designed buildings: Majestique Residence I and II. Both buildings have a ground floor dedicated to parking and 4 residential floors that offer fully furnished ultra-luxury designer apartments including studios and 1-2 bedroom residences. The complex is beautifully designed with great care and amenities. Life here is great, as there is access to a variety of entertainment and leisure activities in the heart of the city. Residents have access to such facilities and services as: covered parking, rooftop infinity pool, gym, children's playground, restaurants and retail outlets. The complex is under 24-hour security and video surveillance. Majestique Residence 2 offers major transportation routes just a short walk from the house. Various key attractions are located close to the property. Majestique Residence 2 is approximately a 37-minute drive from Dubai Mall, 33 minutes from Palm Jumeirah, 35 minutes from Burj Al Arab and 35 minutes from Walk JBR. Dubai International Airport (DXB) is about a 37 — minute drive away, while Al Maktoum International Airport is about an 18-minute drive away.

Project Specifications
DeveloperCredo Investments FZE
LocationDubai South
Unit Types2 BR, Apartments
AreaDubai South
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 51,780 / year
Cash-on-Cash
2.2%
Levered cashflow AED 12,180
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 552,000 / 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

Majestique Residence 2 — View 2
Majestique Residence 2 — View 3
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Astraterra Properties

Official Documents

Download official marketing materials from Credo Investments FZE.

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Payment Structure

50% down payment

Published payment summary

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Amenities & Lifestyle

Covered Parking
Dining outlets (coffee houses & restaurants)
Infinity pool
Kids Play Area
Leisure areas
Lift
Lobby
Lounge
Parking
Pool Deck
Pool Lounge
Recreational areas
Rooftop Pool
Security and CCTV
Shared gym & fitness
Sitting Area
Social zone

Location

Majestique Residence 2 location map
Project location

Nearby Destinations

Dubai South

Developer and Project Facts

01

Majestique Residence 2 by Credo Investments FZE

02

Located in Dubai South

03

Starting from AED 1,200,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Dec 2022

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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