New homes in Damac Bay 2 start at AED 7,342,000; keys are due Dec 2027; you pay 20% to book, 30% while it is built and 50% at the keys.
Keys
Dec 2027
The developer's handover date
Payment plan
20 / 30 / 50
20% to book, 30% while it is built, 50% at the keys
Bedrooms
1 to 5 beds
Sizes
733 to 7,655 sq ft
Ownership
Freehold
Property types
Apartment and Duplex
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 10,016 per sq ft
At the smallest size listed
RERA project
2644
Check it in Dubai REST, the Dubai Land Department's official app.
Built
30%
Being built. DLD register, Nov 11, 2026
Escrow account
بنك الإمارات دبي الوطني (ش.م.ع)
The bank that holds your payments
Registered homes
646
In 2 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 20% when you book, 30% as the building goes up, and 50% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 20%
Booking
20%
AED 1,468,400+ AED 293,680 DLD fee
AED 1,762,080
Feb 2027While it is built · 7.5%
While it is built
7.5%
AED 550,650
AED 2,312,730
Apr 2027While it is built · 7.5%
While it is built
7.5%
AED 550,650
AED 2,863,380
Jul 2027While it is built · 7.5%
While it is built
7.5%
AED 550,650
AED 3,414,030
Sep 2027While it is built · 7.5%
While it is built
7.5%
AED 550,650
AED 3,964,680
Dec 2027Keys · 50%
Keys
50%
AED 3,671,000
AED 7,635,680
Booking payment, 20%
AED 1,468,400
Dubai Land Department fee (Oqood), 4%
AED 293,680
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 1,762,080
Total costPrice plus the DLD fee
AED 7,635,680
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 14 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in DAMAC BAY 2, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in DAMAC BAY 2 sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 14 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in DAMAC BAY 2, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 4,195 per sq ft
AED 3,776 to AED 3,895 per sq ft
3 sales
AED 3,895 to AED 4,015 per sq ft
0 sales
AED 4,015 to AED 4,135 per sq ft
1 sale
AED 4,135 to AED 4,255 per sq ft
4 sales
AED 4,255 to AED 4,374 per sq ft
0 sales
AED 4,374 to AED 4,494 per sq ft
1 sale
AED 4,494 to AED 4,614 per sq ft
2 sales
AED 4,614 to AED 4,734 per sq ft
3 sales
AED 3,776 per sq ftAED 4,734 per sq ft
This project AED 10,016 per sq ft, above every sale
Half of the sales sold for AED 4,060 to AED 4,543 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 3,776 to AED 3,895 per sq ft
3
AED 3,895 to AED 4,015 per sq ft
0
AED 4,015 to AED 4,135 per sq ft
1
AED 4,135 to AED 4,255 per sq ft
4
AED 4,255 to AED 4,374 per sq ft
0
AED 4,374 to AED 4,494 per sq ft
1
AED 4,494 to AED 4,614 per sq ft
2
AED 4,614 to AED 4,734 per sq ft
3
The 3 closest sales
Picked from the 14 similar sales above, closest in size to this project's smallest home.
Sep 2025AED 3,115,000AED 4,195 per sq ftDAMAC BAY 2 - TOWER A, 742 sq ft
Jul 2026AED 3,768,000AED 4,734 per sq ftDAMAC BAY 2 - TOWER B, 796 sq ft
Jun 2026AED 3,683,000AED 4,619 per sq ftDAMAC BAY 2 - TOWER B, 797 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Dubai Harbour in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 7,342,000 here
Off-plan medianAED 3,526,000AED 3,758 per sq ft
Sales235
Check the from price
2-bed apartment
Off-plan medianAED 7,485,000AED 4,331 per sq ft
Sales310
3-bed apartment
Off-plan medianAED 10,684,000AED 4,662 per sq ft
Sales144
4-bed apartment
Off-plan medianAED 20,273,000AED 4,483 per sq ft
Sales53
5-bed apartment
Off-plan medianToo few sales for a median
Sales7
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
1.4%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
1.1%
Typical gross yield of similar ready homes
5.7%
Median rent of 1-bed apartments in Dubai Harbour
AED 100,000 a year
Service charge a year, from the keysThe area median, AED 19 per sq ft from 35 buildings, as of 2023, for the smallest home (733 sq ft)
AED 13,927
Rent contracts counted
4,311
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 100,000 a year
2-bed apartment
AED 150,000 a year
3-bed apartment
AED 225,000 a year
4-bed apartment
AED 300,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 100,000 ÷ AED 7,342,000 = 1.4%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Mina Seyahi Tram Stop300 m, 7 min walkTram stop
Marina Beach Dubai1.8 km, 3 min driveBeach
Marina Walk700 m, 11 min walkWaterfront
ICCA Dubai2 km, 10 min driveSchool
Regent International School2.9 km, 13 min driveBritish school
Emirates International School - Meadows3.1 km, 12 min driveIB school
Delhi Private School6.3 km, 14 min driveIndian school
Dubai Marina Mall1.7 km, 3 min driveMall
Health Avenue Polyclinics650 m, 11 min walkHospital
Damac Bay 2 is a DAMAC Properties tower in Dubai Harbour with apartments and duplexes of 1 to 5 bedrooms from AED 7,342,000, and handover listed for December 2027.
The plan is 20% on booking, 30% during construction and 50% on handover. At the from price that is AED 1,468,400 on booking, AED 2,202,600 during the build and AED 3,671,000 on handover, which is listed for December 2027, about 13 months from now. The 4% DLD fee comes to AED 293,680.
The tower has 49 storeys and is listed as branded residences, with Cavalli named on the design. The listing gives 1 to 5 bedrooms and 733 to 7,655 sq ft, so ask for the floor plan of your unit and which duplexes have a private pool. Residents have a gym, a shared pool, a children's pool, a children's play area, 24/7 security, covered parking and a lobby in the building.
By our map, Hide Medical Center is about 140 m away and Mina Seyahi Tram Stop about 320 m. Dubai Media City and Marina Walk are each about 700 m away, Emirates Golf Club about 1.6 km and Marina Beach Dubai about 1.8 km.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
1 BR
2 BR
3 BR
4 BR Duplex
5 BR Duplex
How prices moved
Median price of 1-bed apartments in Dubai Harbour, over the 12 months to each dateUp 28% from Dec 2024 to Sep 2026.
Dec 2024AED 2,936 per sq ft
Sep 2026AED 3,758 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 3,758 per sq ft
235 sales
Jun 2026
AED 3,486 per sq ft
408 sales
Mar 2026
AED 3,468 per sq ft
762 sales
Dec 2025
AED 3,228 per sq ft
1,151 sales
Sep 2025
AED 2,969 per sq ft
1,364 sales
Jun 2025
AED 2,785 per sq ft
1,473 sales
Mar 2025
AED 2,712 per sq ft
1,327 sales
Dec 2024
AED 2,936 per sq ft
1,063 sales
Off-plan sales only.
Questions about this project
Which developer is behind Damac Bay 2?
DAMAC Properties. The project is in Dubai Harbour.
Can foreigners buy here?
Yes. The listing gives the ownership as freehold.
How much is due before handover?
Half the price: AED 1,468,400 on booking and AED 2,202,600 during construction at the from price. The other AED 3,671,000 is due at handover. Separately, the 4% DLD fee comes to AED 293,680; ask when it is due.
What sizes are on offer?
The listing gives 733 to 7,655 sq ft for 1 to 5 bedrooms. Check the floor plan of your unit.
When is handover?
Handover is listed for December 2027, about 13 months from now.
