DAMAC Majestine: Should You Buy?

DAMAC Majestine, known in full as DAMAC Maison Majestine, is a serviced residence in Business Bay from DAMAC's hospitality arm. It sits in one of Dubai's busiest districts, a short drive from Downtown Dubai and the Burj Khalifa. This guide covers what the building actually is, how the serviced apartment model works for owners, and the checks to run before you buy.

What is DAMAC Maison Majestine?

DAMAC Maison Majestine is a residential tower in Business Bay operated as serviced apartments under DAMAC Maison, the hospitality and property management brand within DAMAC. In practice that means the units are delivered furnished and can be run with hotel style services such as housekeeping, a front desk and on site facilities. It is the kind of building that appeals to investors who want a managed, short stay ready asset rather than an empty shell to fit out.

The developer, DAMAC, is one of the region's largest listed private developers, founded by Emirati businessman Hussain Sajwani and based in Dubai. Its portfolio spans master communities, branded residences and hospitality led projects across the city.

Location: Business Bay

Business Bay is a central, high density business and residential district set around an extension of Dubai Creek, directly adjacent to Downtown Dubai. For a serviced residence that matters, because occupancy in short stay units tends to follow proximity to offices, dining and landmarks. From Business Bay you are minutes by car from the Burj Khalifa, The Dubai Mall and Dubai Opera, and close to Sheikh Zayed Road.

If you want to understand the wider district before buying, our guides to living in U Bora Tower in Business Bay and the nearby Boulevard Point in Downtown Dubai give a feel for the neighbourhood and pricing bands.

The serviced apartment model, and who it suits

A serviced or hotel apartment is different from a standard flat in a few important ways. The unit is usually sold furnished, an operator manages guest bookings and housekeeping, and the income profile looks more like hospitality than a fixed annual lease. That can mean higher gross returns in strong periods, but also more variable occupancy and an operator fee taken from revenue.

This model suits an investor who wants a hands off, managed asset and is comfortable with hospitality style cash flow. It suits less well a buyer who wants a conventional family home on a long Ejari lease. Be clear about which you are before you commit.

Units and amenities

Majestine offers furnished units ranging from studios up to larger multi bedroom apartments, delivered ready to live in or let. Serviced buildings of this type typically include shared facilities such as a pool, gym, and hotel style services. Exact unit sizes, floor counts and the current amenity list change with refurbishments and operator arrangements, so treat any specific figure you read online with caution and confirm the current specification directly with the seller or operator.

Because Business Bay has many towers with overlapping names, double check the exact building and unit reference on the title deed and the DLD record so you know precisely what you are buying.

Pricing, service charges and returns

Serviced apartments in central Dubai command a premium for the location and the furnished, managed package. Rather than quote a figure that dates quickly, budget around these realities:

• The purchase price for a furnished serviced studio or one bedroom will typically sit above an equivalent unfurnished flat in the same district.
• Service charges on serviced buildings can be higher than standard residential towers because of the hospitality facilities and management.
• Net yield depends heavily on occupancy and the operator's cut, so a headline gross yield can overstate what actually reaches you.

Figures vary by unit, view and market conditions. Confirm current pricing, service charges and any rental pool terms with a RERA registered agent or on the DLD and Dubai REST portals before you decide.

Should you buy in DAMAC Majestine in 2026?

DAMAC Majestine can be a reasonable fit for an investor who specifically wants a central, furnished, professionally managed short stay asset and who has read the operator terms in full. It is a weaker fit for a buyer seeking a conventional family home or the lowest possible service charges.

Whichever camp you are in, apply standard diligence: verify the exact unit on the DLD record, get the service charge and operator terms in writing, model net rather than gross returns, and take independent advice. For a wider view of DAMAC as a developer, see our profiles of DAMAC's overall track record and other hospitality led buildings like DAMAC Maison Prive and DAMAC Heights.

A quick buyer checklist

1. Confirm the exact building and unit on the title deed and DLD record.
2. Read the operator or management agreement, including the revenue split and rental pool terms.
3. Get the service charge per square foot in writing.
4. Model net yield based on realistic occupancy, not a brochure gross figure.
5. Budget the 4 percent DLD transfer fee plus registration and agency costs, and take independent advice.

Frequently asked questions

Is DAMAC Majestine a hotel or a residence you can own?

It is a residential building of serviced apartments that individuals can own, operated with hotel style services under the DAMAC Maison brand. Owners buy the unit while an operator manages hospitality services.

Where is DAMAC Maison Majestine located?

It is in Business Bay, a central Dubai district set around the Dubai Canal extension and directly next to Downtown Dubai, minutes by car from the Burj Khalifa and The Dubai Mall.

What unit types does DAMAC Majestine offer?

The building offers furnished units ranging from studios up to larger multi bedroom apartments, delivered ready to live in or let. Confirm the exact sizes and configuration with the seller or operator.

Are serviced apartments a good investment?

They can be, for an investor who wants a managed short stay asset and understands the model. Returns depend on occupancy and the operator's fee, so net yield can differ significantly from the headline gross figure.

What fees apply when buying?

Expect the DLD transfer fee of 4 percent of the purchase price, plus registration and agency costs, and ongoing service charges that can be higher than standard towers because of the hospitality facilities.

Who developed DAMAC Majestine?

It was developed by DAMAC, one of the region's largest listed private developers, founded by Emirati businessman Hussain Sajwani and based in Dubai. The serviced operation runs under the DAMAC Maison hospitality brand.