by LAPIS PROPERTIES L.L.C·MAJANResidentialFreeholdOff-plan Heavy
Development & Handover Profile
🏗️ Under ConstructionConstruction Progress2.4%
Project Start
Jan 1, 2025
Expected Handover
N/A
Official Status
ACTIVE
Total Units
313
Avg Unit Size
599 sqft
Freehold Ratio
100%
Escrow Agent
Mashreq Bank PJSC
Median Price
AED 690K
PSF
AED 1,515/sqft
Sales 12M
21
vs Area
-17.3%
Asset Turnover
ⓘ
6.7%
Liquidity (12M)
Physical Inventory Profile
Total Registered Units
313
Avg Unit Size
599 sqft
Studio
52.4%NA
2.9%1BR
29.4%2BR
15.3%Room Configuration
| Unit Type | Count | Share |
|---|---|---|
| Studio | 164 | 52.4% |
| 1BR | 92 | 29.4% |
| 2BR | 48 | 15.3% |
| NA | 9 | 2.9% |
Price & Volume Trend
Unit Liquidity Matrix
Compares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.
| Unit Type | Inventory Share | Sales Share (12M) | Demand Index | Status |
|---|---|---|---|---|
| Studio | 53.9% 164 units | 53.2% 33 sold | 0.99 | ✓ BALANCED |
| 1BR | 30.3% 92 units | 24.2% 15 sold | 0.80 | ⚠️ LOW DEMAND |
| 2BR | 15.8% 48 units | 22.6% 14 sold | 1.43 | 🔥 HIGH DEMAND |
Recent Transactions
| Date | Area | Project | Rooms | Price | PSF | Status | Ownership |
|---|---|---|---|---|---|---|---|
12 Oct 2026 | MAJAN | 1BR | AED 1.06M | AED 1,458/sqft | Off-plan | Freehold | |
12 Oct 2026 | MAJAN | 1BR | AED 965K | AED 1,461/sqft | Off-plan | Freehold | |
9 Oct 2026 Published 12 Oct 2026 | MAJAN | 2BR | AED 1.25M | AED 1,120/sqft | Off-plan | Freehold | |
8 Oct 2026 | MAJAN | Studio | AED 680K | AED 1,906/sqft | Off-plan | Freehold | |
8 Oct 2026 | MAJAN | 2BR | AED 1.52M | AED 1,366/sqft | Off-plan | Freehold | |
5 Oct 2026 Published 6 Oct 2026 | MAJAN | 1BR | AED 880K | AED 1,063/sqft | Off-plan | Freehold | |
30 Sep 2026 | MAJAN | 1BR | AED 957K | AED 1,424/sqft | Off-plan | Freehold | |
30 Sep 2026 | MAJAN | 1BR | AED 850K | AED 1,287/sqft | Off-plan | Freehold | |
25 Sep 2026 Published 28 Sep 2026 | MAJAN | 1BR | AED 850K | AED 1,064/sqft | Off-plan | Freehold | |
23 Sep 2026 | MAJAN | NA | AED 709K | AED 939/sqft | Off-plan | Freehold | |
9 Sep 2026 | MAJAN | Studio | AED 488K | AED 1,369/sqft | Off-plan | Freehold | |
4 Sep 2026 Published 7 Sep 2026 | MAJAN | Studio | AED 545K | AED 1,474/sqft | Off-plan | Freehold | |
31 Aug 2026 | MAJAN | Studio | AED 679K | AED 1,903/sqft | Off-plan | Freehold | |
7 Aug 2026 Published 10 Aug 2026 | MAJAN | 2BR | AED 1.12M | AED 1,183/sqft | Off-plan | Freehold | |
15 Jul 2026 Published 16 Jul 2026 | MAJAN | 1BR | AED 850K | AED 1,168/sqft | Off-plan | Freehold | |
15 Jul 2026 Published 16 Jul 2026 | MAJAN | Studio | AED 598K | AED 1,677/sqft | Off-plan | Freehold | |
9 Jul 2026 Published 10 Jul 2026 | MAJAN | 2BR | AED 1.29M | AED 1,370/sqft | Off-plan | Freehold | |
24 Jun 2026 Published 25 Jun 2026 | MAJAN | 1BR | AED 850K | AED 1,168/sqft | Off-plan | Freehold | |
12 Jun 2026 Published 15 Jun 2026 | MAJAN | Studio | AED 615K | AED 1,726/sqft | Off-plan | Freehold | |
9 Jun 2026 | MAJAN | 2BR | AED 1.30M | AED 1,169/sqft | Off-plan | Freehold | |
4 Jun 2026 Published 5 Jun 2026 | MAJAN | 1BR | AED 1.16M | AED 1,749/sqft | Off-plan | Freehold | |
2 Jun 2026 | MAJAN | 2BR | AED 1.38M | AED 1,233/sqft | Off-plan | Freehold | |
19 May 2026 | MAJAN | Studio | AED 580K | AED 1,480/sqft | Off-plan | Freehold | |
13 May 2026 | MAJAN | Studio | AED 750K | AED 1,889/sqft | Off-plan | Freehold | |
12 May 2026 | MAJAN | Studio | AED 570K | AED 1,489/sqft | Off-plan | Freehold | |
11 May 2026 | MAJAN | 1BR | AED 1.22M | AED 1,530/sqft | Off-plan | Freehold | |
11 May 2026 | MAJAN | 2BR | AED 1.63M | AED 1,461/sqft | Off-plan | Freehold | |
7 May 2026 | MAJAN | 1BR | AED 930K | AED 1,124/sqft | Off-plan | Freehold | |
5 May 2026 | MAJAN | Studio | AED 560K | AED 1,411/sqft | Off-plan | Freehold | |
5 May 2026 | MAJAN | Studio | AED 478K | AED 1,340/sqft | Off-plan | Freehold |