Damac Bay
The facts, verified
About the project
Project general facts Damac Bay by Cavalli is a premium waterfront residential development by DAMAC Properties in collaboration with Cavalli. The project comprises three architecturally striking towers rising between 30 and 40 storeys, designed to deliver an exclusive branded waterfront lifestyle. Positioned in one of Dubai’s most dynamic coastal destinations, the development offers a contemporary residential concept focused on luxury living, sea views, and proximity to major leisure and marina attractions. The project is designed to offer a high-end coastal lifestyle, with residents benefiting from an exclusive waterfront setting in Dubai Harbour. The development’s location provides immediate access to marina promenades, beach areas, and leisure destinations, creating a resort-style environment. The overall concept emphasizes luxury seaside living combined with urban connectivity and branded Cavalli design influence. The interiors feature high-quality residential finishing, including porcelain tiled flooring, painted plastered walls with selected accent walls, and partially finished gypsum ceilings. Bathrooms are fitted with porcelain or ceramic tiles, modern sanitary ware, mir
Amenities
Damac Bay payment plan
| Milestone | Share | On AED 3.99M |
|---|---|---|
| On booking | 20% | AED 799K |
| During construction | 20% | AED 799K |
| Upon Handover | 60% | AED 2.40M |
Run your own numbers
Your purchase
| Milestone | When | Amount |
|---|---|---|
| Downpayment (20%) | On booking | AED 798,600 |
| During construction (20%) | ≈ AED 33,275 equivalent per month over 24 months | AED 798,600 |
| Handover (60%) | On completion | AED 2,395,800 |
| DLD fee (4%) | On booking | AED 159,720 |
| Admin / Oqood (est.) | On booking | AED 5,250 |
Damac Bay prices and unit mix
Project documents
Dubai Harbour masterplan
Damac Bay location and connectivity
- Marina Beach Area10 min
- Downtown Dubai25 min
- The International School of Choueifat13 min
- Dubai Marina Mall9 min
- Dubai Marina Walk8 min
About DAMAC
All their projects →
DAMAC Properties is part of DAMAC Group that has been shaping the Middle East's luxury real estate market since 1982, delivering iconic residential, commercial and leisure properties across the region and beyond. Since the early days of DAMAC Properties, the organisation has continually received recognition and…
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Questions investors ask about Damac Bay
What is the starting price at Damac Bay?
Damac Bay starts from AED 3.99M and runs to AED 75.04M, across 1 bedroom, 1 bedroom, 1 bedroom, 1 bedroom. Prices move with each release; the pack carries the current list.
What is the Damac Bay payment plan?
20% on booking, 20% during construction, 60% upon handover, worked in dirhams on AED 3.99M in the table above. Every instalment is paid into the project’s regulator-controlled escrow account, with the 4% DLD fee on top at registration.
When is Damac Bay handover?
DAMAC lists handover for JUL 2027, with the project currently under construction. The project completion checker on this site carries the RERA-inspected percentage for Dubai projects, refreshed monthly, which is the number to read against that date.
Where is Damac Bay?
In Dubai Harbour, Dubai: Marina Beach Area 10 min, Downtown Dubai 25 min, The International School of Choueifat 13 min. The Dubai Harbour community guide on this site has the registered prices, rents and schools around it.
Does this qualify for the Golden Visa?
Yes, units from AED 2M qualify for the 10-year Golden Visa, including off-plan with a payment plan in progress. We handle the application as part of the purchase.
Is the project escrow-registered?
Yes, escrow account 0205833344502. Payments release to the developer only against certified construction progress.
What are the fees on top of the price?
4% DLD registration fee, admin/registration fees, and our brokerage fee is paid by the developer. You pay no commission buying off-plan through Equity Edge.