1 Bedroom for Sale · OST Tower 11 · Majan

The property is a ready‑to‑move 1‑bedroom apartment of 902 sqft priced at AED 1,199,000 (≈AED 1,329 per sqft). Internally, the gross yield is estimated at 8%, which is attractive in Majan’s rental market, though investors should expect net yields 1–2 points lower after service charges, vacancy and management fees. The unit has been on the market for 47 days, suggesting a moderate level of seller motivation without evidence of distress. The developer, The Inhouse Realty, is not a marquee brand, adding a modest credit risk that should be verified through DLD records. Given the internal price‑vs‑market metric of +5% and an overall score of 56, the price appears slightly above the district median, tempering the upside. However, the location score of 63 and the building’s ready status provide a solid foundation for stable cash flow. Risks include limited liquidity in the Majan sub‑market and the developer’s limited track record, which could affect future resale or service‑charge stability. Investors should weigh these factors against the solid gross yield before committing.

Anchor the offer to the AED 1,329 per sqft asking price, which is roughly 5% above the internal market benchmark. Highlight the 47‑day market exposure as leverage to request a price reduction of 3–5%, aiming for a per‑sqft price nearer the district median. Verify the unit’s transaction history in the DLD register before finalising any agreement.

With no recent listings, market signals are limited, making short‑term direction unclear. Investors should monitor upcoming supply and macro‑economic trends before committing.