1BR Apartment for Sale in Damac Majestine, Business Bay, Dubai | Below Market Value

Property Highlights

• Building: Damac Majestine, Business Bay, Dubai

• Developer: DAMAC Properties

• Unit Type: 1-Bedroom Apartment

• Bathrooms: 2

• Size: 1,005 sq ft

• Floor: High Floor

• View: Open View

• Furnishing: Fully Furnished

• Asking Price: AED 1,450,000 (Non-Negotiable)

• Original Price: AED 1,962,916

• Saving vs Original: AED 512,916 (26%)

• Price Per Sq Ft: AED 1,443

• Current Rental Income: AED 100,000/year (tenant in place)

• Gross ROI: 7.4%

• Deal Structure: Cash Buyer Only

• Status: Completed Ready

• Ownership: Freehold all nationalities eligible

• Investor Visa: Eligible purchase exceeds AED 750,000 threshold

• Listing Reference: DAMAC-MAJ-BBY-1BR-001

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Understanding This Deal

The seller purchased this unit at the original price of AED 1,962,916. Personal circumstances require an urgent cash sale, and the seller has set the price at AED 1,450,000, absorbing a AED 512,916 loss to achieve a fast exit. This is strictly a cash buyer deal; no mortgage or payment plan options are available. The buyer benefits from immediate rental income, fully furnished condition, and a high-floor unit priced well below the Business Bay 1-bedroom average.

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Amenities

• Swimming pool and kids' pool

• Sauna and steam rooms

• Fully equipped fitness centre / gymnasium

• Jogging track and landscaped garden zones

• BBQ and entertainment areas

• 24-hour concierge and security

• Covered parking and high-speed elevators

• Built-in wardrobes and Central air conditioning

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Transaction Structure

This is a cash-only transaction. The buyer pays AED 1,450,000 in full.

Fee Type	Amount
Purchase Price	AED 1,450,000
DLD Transfer Fee (4%)	AED 58,000
Trustee/Conveyancing	~AED 4,200
Total All-in (Approx.)	AED 1,512,200

Note: Agency fees of 2% + VAT apply separately. The existing tenancy at AED 100,000/year transfers with the property.

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Why This Investment Is Compelling

• 26% below original price: An instant discount of AED 512,916.

• 7.4% gross ROI: Above the market average of 6-7% for this segment.

• Tenant in place: Zero vacancy risk and immediate income from day one.

• Fully furnished: Saves an estimated AED 30,000-50,000 in additional costs.

• Generous Size: At 1,005 sq ft, it is significantly larger than the community average.

• Visa Eligible: The purchase price qualifies the buyer for a UAE 2-year investor visa.

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Golden Visa eligibility, rental and yield figures, handover timing and transport connectivity described above reflect source information published as at 17 August 2026 and can change. Confirm current status before relying on them.