Property Overview
A 1-bedroom hotel apartment in DAMAC Maison Majestine, Business Bay by DAMAC Properties at AED 1,250,000 for 897 sqft, equalling AED 1,394 per sqft. 27.3% below the original price of AED 1,720,410, saving AED 470,410. 16th floor. Developer furnished. Burj Khalifa and city view. Ready (completed July 2018). Managed by DAMAC Hotels and Resorts.
Property Highlights
- Type: 1-bedroom hotel apartment
- Size: 897 sqft
- Floor: 16th
- Asking price: AED 1,250,000
- Original price: AED 1,720,410
- Saving: AED 470,410 (27.3%)
- Rate: AED 1,394 per sqft
- Furnishing: Developer furnished
- View: Burj Khalifa and city
- Ready: Completed July 2018
- Management: DAMAC Hotels and Resorts
Below OP Analysis
The seller purchased this unit at AED 1,720,410 (AED 1,918 per sqft), likely during DAMAC's off-plan launch in 2014 to 2016. At AED 1,250,000, the seller is taking a loss of AED 470,410 on the purchase price. Including the 4% DLD fee paid at purchase (AED 68,816), the seller's total loss is approximately AED 539,226 (31% of total investment of AED 1,789,226).
The OP of AED 1,918 per sqft reflects DAMAC's premium off-plan pricing from that era and does not represent current market value. The discount is real in terms of seller loss but the buyer is purchasing at current market rates, not below them.
DLD Transactions (1BR, DAMAC Majestine, 2026)
- AED 1,250,000 for 1,006 sqft (18 Aug 2026, AED 1,243 per sqft)
- AED 1,282,931 for 956 sqft (20 Jul 2026, AED 1,342 per sqft)
- AED 1,433,816 for 1,034 sqft (23 Apr 2026, AED 1,387 per sqft)
At AED 1,394 per sqft, this listing is within the DLD range but not below it. The DLD areas (956 to 1,034 sqft) are larger than the marketed BUA (897 sqft), reflecting the difference between DLD plot area and marketed built-up area in hotel apartment buildings.
Competing 1BR Listings
- AED 1,100,000 for 897 sqft (Property Finder, furnished, AED 1,226 per sqft)
- AED 1,250,000 for 853 sqft (multiple listings, furnished, high floor)
- AED 1,260,000 for 778 sqft (furnished, high floor)
- AED 1,270,000 for 897 sqft (luxury furnished, high floor)
- AED 1,300,000 for 897 sqft (Burj view, distress deal label)
A listing at AED 1,100,000 for the same 897 sqft size exists on Property Finder. At AED 150,000 less than this listing, it represents a stronger value proposition. Buyers should compare both units (floor, view, condition) before deciding.
Hotel Apartment Considerations
DAMAC Majestine is a hotel apartment building, not a standard residential building. This has several implications:
- Service charges: hotel apartments carry higher service charges than standard residential apartments, typically AED 25 to AED 50 per sqft per year. For 897 sqft, expect AED 22,425 to AED 44,850 annually. Confirm the exact amount before purchasing.
- DTCM regulations: hotel apartments may be subject to Dubai Tourism regulations
- Mortgage eligibility: some banks do not finance hotel apartments or require higher down payments (typically 30% to 50% instead of 20% to 25%)
- Rental dynamics: hotel apartments can be rented short-term or long-term, but the hotel management may take a percentage of short-term rental income
- Developer furnished: the unit was delivered furnished by DAMAC as part of the hotel apartment package
About DAMAC Maison Majestine
A 20-storey hotel apartment tower by DAMAC Properties in Business Bay with 304 units. Completed July 2018. Managed by DAMAC Hotels and Resorts. Amenities include covered and valet parking, gymnasium, temperature-controlled pool, steam room, sauna, spa, landscaped gardens, gazebo, kids club, concierge, 24-hour maintenance, housekeeping, restaurant (Maison Cafe) and shisha lounge (Maison Lounge). Freehold ownership.
About Business Bay
A commercial and residential district along the Dubai Water Canal. Walking distance to Downtown Dubai and Burj Khalifa. Accessible via Al Khail Road and Sheikh Zayed Road. Business Bay Metro Station (Red Line) and Marasi Business Bay Metro Station serve the area. Major landmarks nearby: Dubai Mall (10 to 15 minutes walk), Dubai Opera (10 minutes), City Walk (10 minutes). One of Dubai's densest freehold areas with a mix of commercial, residential and hotel apartment towers.
Verification Notes
The asking price, OP, size, 16th floor, furnished status, Burj and city view and ready status are from the agent brief. The OP of AED 1,720,410 is plausible as a DAMAC off-plan purchase price from 2014 to 2016 but is well above current market rates. DLD confirms 1BR sales at AED 1,250,000 to AED 1,433,816 in 2026. A competing listing at AED 1,100,000 for the same 897 sqft size exists. This is a hotel apartment building (not standard residential), which affects service charges, mortgage eligibility and rental regulations. 33 sales recorded in 12 months (down 31% year on year) suggest softening demand in this building.
