Imtiaz The Vault at Majan Dubai

Imtiaz The Vault at Majan Dubai
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Updated: 16 Sep 2026Written by Rimpy SahniExperience: 9 Years | Specialization: Dubai Off-Plan & NRI Investment
Get the cost sheet, floor plans & master plan
Project Highlights:
  • E311 AccessBeside Sheikh Mohammed Bin Zayed Road
  • Palm Drive Palm Jumeirah 22 minutes by car
  • Trade Licence DED licence 718965 held by Imtiaz
  • Coastal DriveBurj Al Arab 21 minutes' drive
  • Majan Childcare2 nurseries and 3 play centres
  • School MixAmerican, British and French curricula nearby
Property Information

Imtiaz The Vault at Majan Dubai

The Vault by Imtiaz is a planned residential building by Imtiaz Developments in Majan, Wadi Al Safa 3, Dubailand, Dubai. The Vault is designed with 8 storeys above ground and 1 basement parking level. Imtiaz Vault Real Estate Development, a subsidiary of Imtiaz Developments, holds the project. Majan is a freehold area open to buyers of every nationality. As of September 2026, Imtiaz Developments has not released prices, a payment plan, or an expected handover date. Majan is about 21 minutes by car from Dubai Mall and 29 minutes by car from Dubai International Airport.

Buyer checklist for The Vault by Imtiaz

Check Status in September 2026
DLD developer registration Imtiaz holds number 1129, issued April 2016
Dubai Chamber registration Number 242022
Design consultant for The Vault Not named
Service charge per sq ft Not published
Building facilities Not listed

Masih Imtiaz founded Imtiaz Developments and serves as its CEO. The developer is linked to 46 projects in Dubai, held directly or through project companies. Imtiaz runs design, construction, joinery, aluminium and glass work, property management and after-sales service within its own group. Imtiaz homes can be found in Jumeirah Village Circle, Al Furjan, Dubailand, Dubai Islands, Meydan, Jumeirah Garden City and Downtown Jebel Ali.

Year Milestone
2023 Imtiaz broke ground on 2 more residential projects in Jumeirah Village Circle, in June and September.
2024 Imtiaz broke ground on Cove Residence in Dubailand and appointed Legrand for smart home systems across 18 waterfront projects.
2025 Imtiaz launched Sunset Bay Collection on Dubai Islands and reported 5 project handovers during the year.
2026 Imtiaz broke ground on Sea Cliff Residence on Dubai Islands, planned for handover in Q1 2028, and reported a launch day sell-out for Raw District 2.

Completed Imtiaz homes stand in Jumeirah Village Circle, Al Furjan, Jumeirah Garden City and Dubai Islands. Hyde Walk Residence holds 89 studio and 1 bedroom apartments and was finished in December 2025, the month estimated in property records. Imtiaz reported Beach Walk as the first residential project completed on Dubai Islands.

Project Community Building Type Completed
Palace Estates Jumeirah Village Circle Townhouse row January 2017
Hyde Walk Residence Jumeirah Garden City 11 storey building December 2025
Beach Walk Dubai Islands 15 storey building March 2026

Mizin, the property arm of Tatweer, launched Majan in November 2006 with a master plan designed by Halcrow. Majan was first marketed as the Downtown of Dubailand. Development in Majan moved very slowly after 2010, and the master plan was changed to allow smaller plots. Paving, landscaping and 3 new community parks were under construction across Majan in July 2023.

DLD sale records for 26 August 2026 show a clear gap between ready and off-plan prices in Majan.

Sale Type Unit Price Per Sq Ft on 26 August 2026
Ready Studio About AED 1,450
Ready 1 bedroom About AED 1,400
Off-plan Studio AED 1,779 to AED 2,115

Benefits Drawbacks
20 ladies' salons, 10 men's salons and 8 laundrettes operate in Majan. Majan has 2 medical clinics and no hospital.
Novo Cinema at IMG Worlds of Adventure is among the closest cinemas to Majan. No metro station serves Majan, so residents rely on cars and taxis.
4 spas and a pilates studio serve residents focused on wellness. Most Majan homes are apartments, with little choice for villa buyers.

Different developers announced at least 6 residential launches in Majan between January 2025 and January 2026. Several off-plan buildings finishing in the same year can hold back rents and resale prices for individual owners. Buyers should ask Imtiaz Developments for the expected completion year of The Vault and compare it with other Majan projects due that year.

No price has been released for The Vault by Imtiaz. The Vault cost estimate uses an assumed price of AED 1,000,000 and the rate of AED 1 to INR 26.13 on 16 September 2026.

Cost Item AED INR
Assumed purchase price 1,000,000 About 2.61 crore
DLD registration fee at 4% 40,000 About 10.45 lakh
Total before admin charges 1,040,000 About 2.72 crore

Each resident Indian can remit up to USD 250,000 per financial year under the Liberalised Remittance Scheme, so an AED 1,040,000 purchase needs payments across 2 financial years or 2 family members. Banks collect 20% TCS on overseas investment remittances over INR 10 lakh a year, and the TCS amount counts against income tax. Resident Indians owe Indian tax on Dubai rent and sale profits and must report the Dubai home in Schedule FA. NRIs owe no Indian tax on Dubai rent or sale profits. A chartered accountant should confirm the tax position before any transfer.

Majan already has 8 supermarkets, 5 pharmacies, 21 restaurants, 5 coffee shops, 3 gyms and 4 veterinary clinics within the community. Remal Mall Majan and Midtown Central Majan are the 2 shopping centres inside Majan. Residents of The Vault by Imtiaz can use Majan shops and services from the day of handover.

Recent Imtiaz buildings such as Pearl House and Westwood Grande 2 were designed around studios and 1 bedroom apartments. Imtiaz has not confirmed a unit mix for The Vault, so buyers should wait for official floor plans before choosing a layout, balcony size or parking allocation.

The Vault by Imtiaz is in Majan, a Dubailand community with 161 building developments on record. The Walk at JBR is about a 25 minute drive from Majan. Al Maktoum International Airport is close to a 33 minute drive from Majan in normal traffic. Dunecrest American School and GEMS Winchester School are the 2 schools closest to Majan, and Kent College Dubai and Lycée Libanais Francophone Privé in Meydan are other options nearby. Majan Active Park, Majan Active Park East and Majan Central Park give residents green space inside the community. IMG Worlds of Adventure, Global Village and The Storm Coaster are the nearest major attractions to Majan.

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Why to invest in The Vault by Imtiaz

  • Golden: Visa Applies if unit price reaches AED 2 million
  • Tax-free: UAE charges no tax on rent or gains
  • Currency Peg: Dirham fixed to US dollar at 3.6725 rate
  • Escrow Safety: Dubai law holds off-plan payments in escrow accounts
  • Oqood Registration: Off-plan sales registered with DLD through Oqood system
  • Resale Option: Off-plan units can be resold with a NOC
  • Holiday rentals: short stays need permit and building approval first
  • Delivery Pace: Westwood Grande 2 was finished 2 quarters early

Imtiaz The Vault at Majan Dubai Amenities

Swimming Pool
Jogging Track
Gymnasium
Security
Clubhouse
Car Parking

Frequently Asked Questions

Construction progress for registered off-plan projects in Dubai, including The Vault by Imtiaz, can be checked in the Dubai REST app. The app shows the developer, project status and completion percentage, and buyers should check the app before each payment.

No sales launch date for The Vault by Imtiaz had been announced by September 2026. Buyers interested in Majan can register early interest with Imtiaz Developments or a RERA registered broker.

Imtiaz Vault Real Estate Development is the project company that holds The Vault by Imtiaz. A separate project company is its own legal entity, which keeps the finances and risk of The Vault apart from other Imtiaz projects.

Vicc Venco Imtiaz Contracting Company carried out the main building work on Westwood by Imtiaz, Westwood Grande, Westwood Grande 2 and Pearl House. The main contractor for The Vault by Imtiaz has not been named.

Past Imtiaz Developments projects used Al Saraya Engineering Consultants for Westwood by Imtiaz, Em Square for Westwood Grande 2, Al Khawajah Engineering Consultancy for Pearl House and Zaha Hadid Architects for The Symphony.

Majan does not have its own golf course. Dubai Hills Golf Club, Arabian Ranches Golf Club and The Track Meydan Golf are the nearest golf clubs to Majan and The Vault by Imtiaz.

Al Barari, Living Legends, Falconcity of Wonders and Arabian Ranches 3 are the communities closest to Majan. Al Barari is the nearest of the 4 communities to Majan, home of The Vault by Imtiaz.

Westwood by Imtiaz in Al Furjan launched with a 3 year post-handover payment plan. Imtiaz Developments has not yet shared any payment plan for The Vault by Imtiaz in Majan.
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