Majestine

Twin towers five minutes from Burj Khalifa

Majestine is built around a symmetrical layout: two identical towers, each sitting on a ground floor, a three-level podium and sixteen residential floors. DAMAC Properties handed the project over at the end of 2018, which puts Majestine among the small number of Business Bay developments that are already occupied and can therefore be assessed on actual performance rather than plans. The unit mix runs from furnished studios up to three-bedroom apartments. Dubai Mall, Burj Khalifa and Hartland International School are all listed as a five-minute drive away. For an investor, the appeal lies in the fact that this is a completed asset: no construction risk, a rental track record you can already check, and an entry price lower than the newer towers along the canal.

Studios handed over furnished, plus 1 to 3 bedroom units

The brochure makes a specific point of this: the studios come furnished, including a fitted kitchen. That's a concrete selling point for short and mid-term lets, which are in strong demand in Business Bay among executives on assignment. The range then moves up through one, two and three-bedroom apartments, with floor-to-ceiling windows opening onto the skyline. The interior palette stays understated, bathrooms are generously sized, and the standard finishes are well executed. This broad typology mix means a single building can target several tenant profiles at once, from the single expat to the small family.

A temperature-controlled pool on the podium

The amenities are grouped on level 4, set aside for that purpose in the brochure's typical floor plan. The main pool is heated and temperature-regulated, a detail that matters during Dubai's winter months, when unheated water cools down fast. A children's pool completes the offering, alongside a dedicated play area and landscaped gardens. On the wellness side, the building includes an equipped gym, a sauna and steam rooms. The shared spaces feature lounge areas, a sunken seating corner and a pool deck. The whole setup is sized for just two towers, so it stays relatively uncrowded at peak times.

Business Bay, a business district that turned residential

Business Bay was designed as the southern extension of Downtown, running along the Dubai Water Canal. Over the past decade, the district has shifted from an all-office model to a dense residential mix, driven by its direct proximity to Burj Khalifa and Sheikh Mohammed bin Rashid Boulevard. Zabeel Palace, Dubai World Trade Centre and Safa Park are all within a ten-minute reach. Meydan Racecourse is twenty minutes away. This central location explains the constant rental demand in the area, an advantage for an already delivered asset like Majestine.

DAMAC, over 30,000 units delivered

DAMAC Properties has been operating since 2002 and reports more than 30,900 units delivered as of the end of September 2020, with a pipeline of over 34,000 units under way. The developer is known for its branded collaborations, from Versace to Fendi Casa, as well as a golf course designed by Tiger Woods Design. Majestine belongs to its more standard range, without a fashion co-branding tie-in, which translates into a more moderate price point. For anyone looking for a DAMAC address in Business Bay without paying the premium of an associated brand name, this is a logical entry point.