Boutique Residence · Padel Court · Semi Furnished

The property is a 725 sqft, semi‑furnished apartment with two bathrooms, listed at AED 980,000 (≈AED 1,352 per sqft). Internal scoring places the overall attractiveness at 57, with a location score of 63, indicating a decent but not premium district. The internal price‑vs‑market metric shows the asking price is about 4% above the district median, which dampens the upside of the 8% gross yield indicated by the internal model. The unit has been on the market for 65 days, suggesting moderate seller motivation but also reflecting typical off‑plan absorption cycles. Yield is the strongest positive signal: an 8% gross return is above the Dubai residential average (5‑7%). After accounting for service charges, vacancy and management fees, net yield is likely 1‑2 points lower, putting the realistic net return in the 6‑7% band. The off‑plan status introduces construction‑delay risk and lower immediate liquidity, especially given the developer, T W R Real Estate, lacks a publicly known track record in the dataset. Consequently, while the gross yield is attractive, the price premium and execution risk temper the investment case, leading to a cautious recommendation.

Confirm the unit’s actual transaction price via the DLD register, then highlight that the current asking price is about 4% above the Majan median of roughly AED 1,300 per sqft. With 65 days already on market, use the modest seller motivation to negotiate a price‑per‑sqft discount that brings the effective price in line with, or below, the district median, improving the gross yield margin.

Given the absence of recent listings and lack of price or DOM data for Majan, market signals are indeterminate. Investors should monitor upcoming releases and broader Dubai trends, as any shift in supply could influence the sub‑market.