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 850K
PSF
AED 1,412/sqft
Sales 12M
31
vs Area
+1.3%
Asset Turnover
ⓘ
9.9%
Liquidity (12M)
Physical Inventory Profile
Total Registered Units
313
Avg Unit Size
599 sqft
Studio
52.4%NA
2.9%2BR
15.3%1BR
29.4%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 | 59.8% 49 sold | 1.11 | ✓ BALANCED |
| 1BR | 30.3% 92 units | 20.7% 17 sold | 0.68 | ⚠️ LOW DEMAND |
| 2BR | 15.8% 48 units | 19.5% 16 sold | 1.23 | 🔥 HIGH DEMAND |
Recent Transactions
| Date | Area | Project | Rooms | Price | PSF | Status | Ownership |
|---|---|---|---|---|---|---|---|
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 | Studio | AED 598K | AED 1,677/sqft | Off-plan | Freehold | |
15 Jul 2026 Published 16 Jul 2026 | MAJAN | 1BR | AED 850K | AED 1,168/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 | 2BR | AED 1.63M | AED 1,461/sqft | Off-plan | Freehold | |
11 May 2026 | MAJAN | 1BR | AED 1.22M | AED 1,530/sqft | Off-plan | Freehold | |
7 May 2026 | MAJAN | 1BR | AED 930K | AED 1,124/sqft | Off-plan | Freehold | |
5 May 2026 | MAJAN | Studio | AED 506K | AED 1,418/sqft | Off-plan | Freehold | |
5 May 2026 | MAJAN | 2BR | AED 1.83M | AED 1,642/sqft | Off-plan | Freehold | |
5 May 2026 | MAJAN | Studio | AED 560K | AED 1,411/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 | |
1 May 2026 | MAJAN | 1BR | AED 1.23M | AED 1,534/sqft | Off-plan | Freehold | |
1 May 2026 Published 4 May 2026 | MAJAN | 1BR | AED 1.07M | AED 1,466/sqft | Off-plan | Freehold | |
11 Feb 2026 | MAJAN | 2BR | AED 1.59M | AED 1,681/sqft | Off-plan | Freehold | |
11 Feb 2026 | MAJAN | 2BR | AED 1.42M | AED 1,276/sqft | Off-plan | Freehold | |
11 Feb 2026 | MAJAN | Studio | AED 613K | AED 1,545/sqft | Off-plan | Freehold | |
4 Feb 2026 | MAJAN | Studio | AED 727K | AED 1,866/sqft | Off-plan | Freehold | |
27 Jan 2026 | MAJAN | 2BR | AED 1.29M | AED 1,362/sqft | Off-plan | Freehold | |
23 Jan 2026 Published 26 Jan 2026 | MAJAN | Studio | AED 550K | AED 1,412/sqft | Off-plan | Freehold | |
23 Jan 2026 Published 26 Jan 2026 | MAJAN | Studio | AED 500K | AED 1,402/sqft | Off-plan | Freehold | |
23 Jan 2026 Published 26 Jan 2026 | MAJAN | Studio | AED 525K | AED 1,322/sqft | Off-plan | Freehold |