Majestine
Properties for Sale in

Majestine

About the project

Majestine residential complex is a 20-storey building constructed by DAMAC Hotels & Resorts. The main type of housing, presented in this complex, are cozy apartments  fully furnished and with service offered. There are more than 300 of them.

Those wishing to settle in Majestine are offered the following properties to choose from:

  • Studios ranging in size from 137 to 176 sq. m (448 to 578 sq. ft). They feature a comfortable living room combined with a kitchen, a bathroom and a balcony. Owners have their own parking space.
  • One bedroom apartments. Characterized by exquisite furnishings and have an average area of 249-415 sq. m (815-1359 sq. ft).
  • Two-bedroom apartments range in size from 366 to 420 sq. m (1,200-1,378 sq. ft). Their distinguishing features are spacious bedrooms, a cozy living room, three bathrooms and a separate kitchen.
  • The three-bedroom apartments range in size from 433 to 622 sq. m (1418-2042 sq. ft). Each bedroom has a bathroom. In addition, there is an equipped kitchen and a spacious balcony with beautiful views.

The cost of residential property depends on its type and area. Small studios are available from AED 510,000 (USD 139,000). Apartments range in price from AED 850,000 to 1,950,000 (USD 232,000-530,905).

The residential complex has everything you need for comfortable living – landscaped gardens, a swimming pool and spa, a sauna and steam room, a gym, and restaurants and stores.

Critical amenities include:

  • covered parking;
  • high-speed elevators;
  • 24-hour security system with cameras and security personnel on duty;
  • a game and sports children’s club;
  • round the clock maintenance;
  • concierge services at reception.
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Location

The residential complex is located in the prestigious Business Bay area. Near the building are popular attractions such as Bay Avenue, Downtown Dubai, Bay Square and The Dubai Mall.

The complex has well-developed transport links. There are bus stops and metro stations near the residential complex.

For gourmets there are many restaurants in which dishes of Eastern cuisine are prepared. The most popular establishments are Al Hallab, Zen Restaurant, and Taipei Dao.

Nearby shopping can be done at the nearby supermarkets such as Carrefour Market, Spinneys, ZOOM, Al Maya Supermarket and the Dubai Aquarium & Underwater Zoo, as well as The Dubai Fountain.

In Business Bay there are plenty of kindergartens and schools to choose from as well as many medical centers with different specialisms.

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Payback

This complex belongs to the ‘freehold’ type of property, widespread in the UAE, which means that citizens from any country can buy an apartment for personal residence or lease here.

Buying a home in Majestine to rent out can be a profitable investment. The average payback is 5.08%-5.12%.

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