Investment opportunity in Business Bay

Engel & Voelkers are proud to offer this studio in the upcoming Damac Maison Majestine in Business Bay. Majestine Allure offers a grand lifestyle combining the fine comforts of home and the stellar service of a luxury hotel. The suites will be serviced and managed by DAMAC Maison Hotels & Resorts.

Residents will enjoy a luxurious service with Maison Café which is a fresh take on contemporary dining with delightful choices for breakfast, lunch and dinner; whilst Maison Lounge offers a tranquil al fresco setting, and serves the finest Arabic fare and a wide array of unique shisha flavours.

Regarding entertainment, retail and eatery, the hotel is adjacent to Bay Square and its numerous lunch options. There is also Downtown and the iconic Dubai Mall within walking distance. Mohammed Bin Rashid Boulevard also nearby offers a multitude of restaurants and cafes.

What makes this project investor friendly is its location: indeed the building will be just opposite Marasi by Dubai Properties. Marasi will be the 2.0 version of Dubai Marina and will cater bars, restaurants, shops, food markets, entertainment and leisure facilities along the Dubai canal. This will bring capital appreciation to all the surrounding buildings. As the owner, a few options are available: you can either live in the apartment, rent it out yourself or add it to the hotel rental pool which will ensure a decent rental yield. Based on current data, we are estimating a 6.5% net rental yield.

For more information, do not hesitate to contact me: +971501154902 - ludovic.mapessa@engelvoelkers.com

Engel & Völkers

Real estate agent Ludovic Mapessa BRN: 36641
Nakheel Sales Center, Building 7, Al Sufouh 1
PO Box 17722 Dubai
United Arab Emirates
Phone
+971 50 115 4902

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