About Majestique Residence 1
PROJECT CONSISTS OF (G+4) RESIDENTIAL BUILDING LOCATED IN MADINAT AL MATAAR. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Key information
Developer
Credo Investments F Z E
- Handover
- Q4 2021
- Status
- Handed over
- Location
- Madinat Al Mataar, Dubai
- Master project
- Dubai South Residential District
- Construction started
- 2018
- Number of buildings
- 1
- Number of units
- 124
- Registered with DLD
- 09 Dec 2019
- Escrow bank
- Abu Dhabi Commercial Bank
- Escrow account no.
- 11438144920001
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2018
- Handed overQ4 2021
Construction progress
81 inspection photos from the Dubai Land Department. Latest 12 Apr 2022 at 100% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
4 Elevators
6 Floors
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
131
Median price
AED 910K
Median price / sqft
AED 1K+2%
Off-plan share
4%
Priced 19% below than the Madinat Al Mataar median of AED 1K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 53 | 400 sqft | AED 478K | AED 1K |
| 1 Bed | 12 | 729 sqft | AED 808K | AED 1K |
| 2 Bed | 66 | 953 sqft | AED 1.1M | AED 1K |
Price per sqft by year
+2% since 2020AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 02 Sept 2026 | Resale | 396 sqft | AED 427K | AED 1K |
| 02 Sept 2026 | Resale | 989 sqft | AED 1.1M | AED 1K |
| 18 Aug 2026 | Resale | 987 sqft | AED 957K | AED 969 |
| 18 Aug 2026 | Resale | 396 sqft | AED 435K | AED 1K |
| 28 Jul 2026 | Resale | 399 sqft | AED 500K | AED 1K |
| 29 Jun 2026 | Resale | 934 sqft | AED 1.2M | AED 1K |
| 25 May 2026 | Resale | 942 sqft | AED 1.1M | AED 1K |
| 16 Mar 2026 | Resale | 395 sqft | AED 565K | AED 1K |
Unit mix
124 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Studio | 48 | 376 - 498 sqft |
| 1 B/R | 12 | 686 - 789 sqft |
| 2 B/R | 64 | 883 - 1,095 sqft |
Payment plan
Payment plans are set by Credo Investments and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Madinat Al Mataar, Dubai.
Madinat Al Mataar
Dubai, United Arab Emirates
Frequently asked questions
Majestique Residence 1 has already been handed over (Q4 2021), according to Dubai Land Department records.
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