Damac Bay 2

Key facts

Handover

Q4 2028

Status

Under construction

Ownership

freehold

Property types

apartment, duplex

Availability

Available

Payment plan

Available units

Amenities

• Gymnasium
• Shared Pool
• Shared Spa
• Covered Parking
• Children's Play Area
• Barbecue Area

Location

Damac Bay 2 sits in Damac Bay 2.

Master plan

The developer’s own site plan for Damac Bay 2, showing how the buildings, roads and open space sit together.

How Damac Bay 2 compares

Entry here is AED 7.3M, against a median of AED 3.6M across the 18 priced projects in Dubai Harbour, the highest entry price in the community. The plan opens at 20% down, against a Dubai median of 10%, so it asks 10% more up front than the typical plan. Handover lands in Q4 2028, alongside 213 other projects completing in the same quarter. Damac Properties has 167 projects in our catalogue, 3 of them in Dubai Harbour.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

What you pay, and when

The published payment plan is 20% on booking, 60% during construction and 20% at handover. At the AED 7,284,000 entry price, that is AED 1,457,000 to reserve a unit, AED 4,370,000 across the build, and AED 1,457,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 291,000 at this entry price. That 20% booking payment does not go to Damac Properties directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

Ownership and residency

Damac Bay 2 is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price is at or above the AED 2,000,000 property threshold for the 10 year UAE golden visa, so the cheapest unit in the development qualifies on its own.

Who it suits

The development is apartments and duplexes in 1 to 5 bedroom layouts. 1 bedroom units start at AED 7,284,000 and 5 bedroom units at AED 31,773,000, so one building covers a first rental purchase and a family home.

What is on site

Shared facilities recorded for Damac Bay 2 lead with shared spa and covered parking, alongside the gymnasium, shared pool, children's play area and barbecue area that most Dubai developments carry. 50 floor plans are published for it.

Frequently asked