Majan is a new 1.5 million square meter district in Dubai. It is located at the heart of the large Dubailand community. Mizin Real Estate and Tameer Holdings are the main real estate developers of this project.
Community development started in 2006. Currently, the infrastructure is well developed, and buyers have access to new apartments in fully-completed housing complexes. Some of the facilities are still under construction.
The neighborhood is multifunctional, with 32% of the territory occupied by residential properties, 44% of the territory reserved for retail and entertainment outlets, and 24% occupied by commercial facilities.
Residential complexes are mainly represented by mid-rise multi-apartment buildings.
The most popular housing units in Majan are listed below:
This new growing area boasts affordable housing prices. Property options vary from spacious apartments with luxurious finishes to small studios at an affordable price. For example, a one-bedroom apartment of 81 m2 can be purchased for 781,200 AED.
The location in the center of Dubailand, as well as the proximity of various attractions and educational institutions, attracts local buyers and foreign investors. Housing has high liquidity here.
Due to the affordable prices for renting apartments, the area is very popular among tenants. The average cost of renting an apartment is 55,000 AED.
Renting apartments and studios out is a popular way to earn a passive income from real estate investments in Majan. Many investors choose to purchase an off-plan unit to receive a discount from the developer.
Today, UAE real estate is one of the safest and most profitable investment options.
In the new district, you can select an apartment option in a fairly wide price range. This will be interesting for both large capital owners and small private investors.
An important advantage of real estate investments in Dubai is the option of applying for a 3-year UAE residence visa. The document can be obtained upon purchase for 750,000 AED or more.
The return on investment in Majan properties can reach 6.34 %. Generally, this rate is 4-9% in the emirate.
The neighborhood has a well-developed infrastructure and includes food stores, a shopping mall, a school, business centers, restaurants, eateries, a mosque, and other facilities.
Swimming pools, spa centers, gyms, recreation areas, and underground parking spaces are usually situated on the territory of apartment buildings.
Dubailand's most popular attractions are within a 15-minute drive:
The major Sheikh Mohammed Bin Zayed Road passes near Majan and allows residents to travel to other parts of the emirate quickly.
In just 20 minutes, you can reach the city center, in 26 minutes you can reach the sea coast, and in 18 minutes the airport.
As for public transport, it is not yet developed here, so residents rely on using cars or taxis.
The nearest bus stops are located in the neighboring community of Liwan.
The following grocery stores are open in the area:
The two-story Remal Mall, with a supermarket, a medical clinic, beauty parlors, and a wide range of retail stores, is located in the district.
The Midtown Central Majan shopping mall is currently under construction. It will include 38 retail outlets, a supermarket, restaurants, cafes, and a medical clinic. Visitors to the new shopping center will have access to underground and outdoor parking spaces.
If needed, locals will be able to go to shopping malls in neighboring communities. It takes 8 minutes by car to travel to the Arabian Ranches Retail Mall and the Cityland Mall. In just 14 minutes you can reach the Dubai Outlet Mall and the Dubai Hills Mall with branded outlets, a broad selection of cafes, restaurants, and a variety of attractions for children.
The community has two large mosques, Hussain Abdulla Albahri and Jama Al Rasheed.
Holy Trinity Church and St. Mary Catholic Church are within 18 minutes of the neighborhood.
It takes 27 minutes to travel to Shirdi Sai Baba Mandir and Shiva Temples by car.
The Noor Halab Café, J5 Restaurant, and the Terracotta Cafe-Restaurant deserve to be mentioned among local restaurants.
Lowe Dubai at Legends and Farm at Al Barari, are two popular restaurants, located on the border of the neighboring Al Barari community.
A public school is available for local residents. Foreigners can choose international schools with a British Curriculum nearby.
Close schools:
The Academic City, with colleges and higher educational institutions of Dubai, is in quick access to local residents.
The closest medical facilities are located within 20 minutes. All hospitals and clinics use modern equipment and provide the highest level of medical services.
Medical institutions nearby:
There are no large water bodies or beaches, However, seaside holiday enthusiasts can access the nearest city beaches in 26 minutes.
The closest is Jumeirah beach with white sand and a smooth entrance to the sea. There are changing rooms, showers, and other amenities for holidaymakers. There are walking paths along the coastline. Various eateries and cafes are available too.
Kite Beach is not as popular as Jumeirah. It usually has fewer visitors and offers the opportunity to practice water sports. This place is perfect for kitesurfing and kayaking. A children's playground and paths for walking and jogging are also on site.
Majan is a perfect place for those who are looking for a buy-to-invest property. While the community is developing, apartment prices have not yet reached their maximum values. If you want to purchase an off-plan housing unit, you can count on a good discount.
The main advantage of Maijan is its proximity to high-ranked schools, business and shopping centers, medical facilities, major amusement parks, and sports facilities. While the community boasts its excellent location and good infrastructure, rental rates are not as high as in the seashore or central parts of the emirate. Affordable prices attract locals and tourists who want to rent an apartment in a good area at an affordable price.
Please contact our experts to learn the latest information about real estate investments in Dubai. With us, you can always get advice on what will provide the highest profit and select the most effective strategy to carefully save and grow your money.
