Distress 1BR Canal-View Apartment for Sale in Majestine Business Bay Dubai

Price-Reduced Distress 1BR in Majestine with Canal View and High ROI

This distress, price-reduced 1 bedroom apartment for sale in DAMAC Majestine, Business Bay, Dubai offers a high-floor, fully furnished layout with direct canal view and vacant on transfer status. The unit measures approximately 1,034 sq.ft and is offered at AED 1,350,000, equating to around 1,300 AED per sq.ft compared to an indicative market level of about 1,590 AED per sq.ft for similar furnished 1BR canal-view units, positioning it as a strong value and high ROI opportunity.

Key Property Details

• Location: DAMAC Majestine, Business Bay, Dubai
• Property type: 1 bedroom apartment
• Bedrooms: 1
• Bathrooms: 2
• Total area: Approx. 1,034 sq.ft
• Floor: High floor
• View: Dubai Canal view
• Status: Vacant on transfer (VOT)
• Furnishing: Fully furnished, hotel-style serviced residence specification
• Asking price: AED 1,350,000
• Price per sq.ft (asking): About 1,300 AED per sq.ft
• Reference market price per sq.ft: Around 1,590 AED per sq.ft for comparable furnished 1BRs in Majestine, depending on floor and view
• Ownership: Freehold
• Usage: Suitable for both end-use and short- or long-term rental strategies targeting high yields

About DAMAC Majestine and Business Bay Location

DAMAC Majestine is a 20-storey furnished apartment tower in Business Bay operated as a serviced residence by DAMAC Maison, offering studios and 1–3 bedroom units finished to hotel-resort standards with fully fitted kitchens, built-in storage and high-end furniture packages. The building sits close to the Dubai Water Canal promenade, giving residents immediate access to waterfront walks, restaurants and retail, and quick connectivity to Downtown Dubai, Dubai Mall and DIFC by car. Business Bay itself is one of Dubai’s most active mixed-use districts, recording strong sales and rental activity across studios and 1 bedroom units, with average 1BR sales in the community broadly in the AED 1.1M–1.8M range depending on tower, view and size. Canal-facing, fully furnished, serviced residences like Majestine generally sit toward the upper half of this range in pricing and rent.

1BR, 2-Bath High-Floor Layout with Canal View

A 1 bedroom, 2-bathroom, 1,034 sq.ft apartment in Majestine typically offers a spacious living and dining area, guest bathroom, ensuite bedroom, fully equipped open or semi-open kitchen and one or more balconies or large windows oriented toward the Dubai Canal and Business Bay skyline. High-floor positioning enhances views, limits traffic noise and improves natural light, which is valued by both end-users and tenants. Fully furnished specification means the unit usually includes furniture, white goods, window treatments and accessories aligned with the building’s hotel design, enabling immediate move-in or fast readiness for leasing without major additional setup costs.

Pricing, Distress Angle and ROI Positioning

At AED 1,350,000 and roughly 1,300 AED per sq.ft for 1,034 sq.ft, this 1BR in Majestine is priced below the cited market reference of around 1,590 AED per sq.ft for comparable 1 bedroom stock in the building and wider canal-view segment, equating to a discount of approximately 18 percent on a per sq.ft basis. In a building where furnished 1 bedroom apartments with canal view and high-floor positioning can ask between roughly AED 1.4M and AED 1.6M or more, this supports the “distress” and “price reduced” positioning. Given that furnished 1 bedroom canal-view units in Majestine have recorded robust rentals in recent years, with annual rents frequently exceeding AED 90,000–100,000 depending on condition and seasonality, the yield potential for a well-priced, vacant unit at AED 1.35M can be attractive to investors targeting strong net ROI in a serviced, Downtown-adjacent address.

Building Amenities and Lifestyle in DAMAC Majestine

Residents of Majestine benefit from an infinity swimming pool overlooking the Dubai Canal, a fully equipped gym, spa and wellness facilities, 24/7 concierge and security, valet parking and hotel-style in-house services such as housekeeping and room service, depending on selected packages. The ground-level commercial offering and proximity to Business Bay’s F&B and retail scene further enhance day-to-day convenience. The tower’s position within Business Bay’s “platinum square kilometer” gives quick access to Dubai Mall and Burj Khalifa, Jumeirah Beach and major highways, making it appealing to executive tenants and end-users who want to live moments from Downtown Dubai in a serviced environment.

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.