DAMAC Majestine

Key facts

Handover (past)

Q2 2018

Status

Ready

Construction progress

100%

Property types

Apartments

Availability

Available

How DAMAC Majestine compares

Entry here is AED 1.8M, against a median of AED 2.7M across the 42 priced projects in Business Bay, which puts it above 11 of them and below 30. The plan opens at 100% down, against a Dubai median of 20%, so it asks 80% more up front than the typical plan. Handover lands in Q2 2018, alongside 2 other projects completing in the same quarter. DAMAC has 42 projects in our catalogue, 10 of them in Business Bay.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Beautiful Landscaped Gardens
• State-Of-The-Art Gymnasium
• Steam Rooms And Sauna
• Children’S Play Area
• Luxurious Swimming Pool For Adults With Children’S Pool

Location

DAMAC Majestine sits in Business Bay.

Master plan

The developer’s own site plan for DAMAC Majestine, showing how the buildings, roads and open space sit together.

What you pay, and when

The published schedule splits the price 100% on booking. At the AED 1,807,000 entry price, that is AED 1,807,000 to reserve a unit.

Registration with the Dubai Land Department adds 4% of the purchase price, roughly AED 72,000 at this entry price. Under Dubai's Law 8 of 2007, that 100% booking payment goes into a RERA-supervised escrow account rather than to DAMAC directly, and is drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 894 square feet at AED 1,807,000, which works out at AED 2,022 per square foot. Stated sizes run from 894 to 1,620 square feet.

Handover and construction

The handover on record for DAMAC Majestine is Q2 2018. Construction was last recorded at 100% complete.

Ownership and residency

The entry price sits below the AED 2,000,000 property threshold the 10 year UAE golden visa asks for.

What it costs to hold

Service charges in Business Bay run roughly 14 to 22 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 894 square foot entry unit that is about AED 13,000 to AED 20,000 a year.

Who it suits

The development is Apartments in 1 bedroom layouts.

What is on site

Shared facilities recorded for DAMAC Majestine take in beautiful landscaped gardens, state-of-the-art gymnasium, steam rooms and sauna, children’s play area and luxurious swimming pool for adults with children’s pool. The development is 3 units in total. 3 floor plans are published for it.

Frequently asked