Lazord by Lapis: Freehold Apartments in Majan from AED 763K
Lapis Properties is developing Lazord in Majan, a freehold residential community within Dubailand. The project offers studios, one-bedroom, and two-bedroom apartments. Construction started on 2 January 2025, with delivery expected by 31 December 2026.
Majan: What the Location Actually Means
Majan sits in the Dubailand corridor, off Sheikh Mohammed Bin Zayed Road and close to Al Barari and Global Village. It is not a central address. Commutes to Downtown Dubai or Business Bay are longer from here than from established districts like JVC or Dubai Hills, and the area's retail and transport infrastructure is still developing.
What Majan does offer is freehold ownership at a price point that has largely disappeared from more central parts of the city. That trade-off defines who buys here. Investors looking for a freehold title at a low entry cost, and owner-occupiers who work outside the main business corridors or who prioritise space over location, are the natural buyers for this project.
AED 763K to AED 1.69M: Three Apartment Types, Three Buyer Profiles
The price spread is wide. It reflects three distinct apartment sizes, each pulling a different type of buyer.
Studios at 371-372 sq ft open at AED 763,295. This is the investor entry point. The sub-AED-800K price with a freehold title is the primary draw, and the unit size suits the rental market rather than long-term occupancy. One-bedroom apartments at 667 sq ft start at AED 1,322,205, attracting a mix of investors and owner-occupiers looking for a practical living space at a manageable cost. Two-bedrooms at 953 sq ft begin at AED 1,691,140, targeting small families and buyers who need a separate room for work or additional occupants.
What the Amenity Set Reflects
| Category | Amenities |
|---|---|
| Wellness | Gymnasium, Shared Pool, Shared Spa |
| Community | Children's Play Area, Barbecue Area |
| Security | CCTV Security |
Six amenities covers the practical baseline without pushing into a premium package. The gym and pool are standard. The shared spa is less expected at this price level and adds a layer of comfort that buyers in the studio bracket would not typically find included. The play area and BBQ space point to a resident mix that includes families alongside single professionals.
The overall set targets residents who want daily-use amenities without paying for an extensive resort-style offering. That aligns with both the pricing and the location.
Handover in Late 2026
Construction started on 2 January 2025. The project targets delivery by 31 December 2026, giving it a roughly two-year build period.
For a buyer entering now, in mid-2026, the remaining wait is short. An investor is not sitting on a three- or four-year hold. An end-user can plan on a concrete, near-term handover. The shorter horizon reduces the execution risk associated with longer off-plan timelines.
Getting In: 20% Down, 16% After Keys
| Payment Stage | Percentage |
|---|---|
| Down Payment | 20% |
| During Construction | 54% |
| On Handover | 10% |
| Post-Handover | 16% |
The 20% down payment is in line with standard Dubai off-plan terms. The construction phase is front-loaded at 54%, meaning the majority of the total cost is paid before handover. The 10% at handover is modest.
The 16% post-handover tranche is the most practically useful element of the structure. It defers a meaningful portion of the purchase price past delivery. For an investor, that window allows rental income to contribute to the final payment. For an owner-occupier, it lowers the immediate cash demand at the point of moving in and gives breathing room for any post-handover costs.