Furnished 1-Bedroom Apartment with Burj Khalifa View at DAMAC Majestine, Business Bay, 27% Below Original Price

Property Overview

This ready, furnished 1-bedroom apartment on the 16th floor of DAMAC Majestine in Business Bay measures 897 sqft and is offered at AED 1,250,000. The agent states an original purchase price of AED 1,720,410, placing the asking price AED 470,410, or 27.3%, below the original price. The apartment has views of Burj Khalifa and the city.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Size: 897 sqft
• Asking price: AED 1,250,000
• Original purchase price (agent-stated): AED 1,720,410
• Discount: AED 470,410 (27.3% below original price)
• Price per sqft: approximately AED 1,394
• Floor: 16th
• View: Burj Khalifa and city
• Furnishing: Furnished
• Status: Ready

Why the Price Qualifies as Below Original Price

The comparison uses the original purchase price supplied in the agent's resale brief (Deal #287), received on 29 September 2026. The asking price of AED 1,250,000 is AED 470,410 lower than the stated original price of AED 1,720,410, a reduction of 27.3%, in line with the agent's quoted 27%.

The benchmark is the seller's original purchase price, not a DLD transaction or a current market valuation. Because the building was completed in 2018, the original price reflects launch-era pricing, so buyers should also compare the asking price with recent transactions in the building.

About the Building and Developer

DAMAC Majestine, also registered as DAMAC Maison Majestine, is a 20-storey DAMAC Properties building in Business Bay, completed in 2018. It offers furnished and serviced studios and 1- to 3-bedroom apartments.

Building amenities

• Temperature-controlled swimming pool
• Gym, spa, steam room and sauna
• Kids' club
• All-day dining restaurant
• Landscaped gardens
• 24-hour valet parking

Buyers should confirm current facilities, hotel-operator arrangements and service charges with the building management.

Layout, Floor and View

The apartment offers one bedroom across 897 sqft on the 16th floor and is sold furnished. The agent reports views of Burj Khalifa and the city. The bathroom count, parking and occupancy status were not supplied; a floor plan has been requested.

Title and Transfer

As a completed property, the unit transfers through a standard ready-property sale. Because the building operates with serviced and hotel-apartment elements, buyers should check the title deed to confirm whether the unit is registered as a residential or hotel apartment, as this can affect mortgage eligibility and permitted use.

Location and Connectivity

Business Bay sits beside Downtown Dubai along the Dubai Water Canal, with access to Sheikh Zayed Road and Al Khail Road. Journey times depend on traffic and the route taken.

Verification Notes

• Agent-supplied facts: building, community, property type, bedrooms, size, floor, view, furnishing, ready status, original price and asking price.
• DPF-calculated figures: savings amount, savings percentage and price per square foot.
• External research: developer, storeys, completion year, serviced status, unit mix and amenities from secondary sources.
• Not yet verified: title type, occupancy, service charges and SPA or title deed.