Damac Bay 2
The facts, verified
About the project
Project general facts Damac Bay 2 is the second phase of the DAMAC Bay waterfront developmen. This 49-storey residential tower continues the branded Cavalli-inspired concept introduced in the first phase, offering a refined coastal lifestyle in one of Dubai’s most sought-after waterfront locations. The project is designed as a high-rise luxury residence that combines elegant architecture, sea views, and proximity to marina and beachside attractions, reinforcing its position within an exclusive waterfront community. The development focuses on delivering a premium seaside living experience, with residents benefiting from direct access to Dubai Harbour’s waterfront promenade, leisure zones, and surrounding marina lifestyle amenities. The concept emphasizes a balance between serenity and vibrancy, offering a resort-style environment within an urban coastal setting. Its location ensures seamless connectivity to key leisure destinations and major areas of Dubai, enhancing both lifestyle and convenience. The interiors are finished with porcelain tiled flooring, painted plastered walls with selected accent walls, and partially finished gypsum ceilings, creating a clean and contemporary
Amenities
Damac Bay 2 payment plan
| Milestone | Share | On AED 8.23M |
|---|---|---|
| On booking | 20% | AED 1.65M |
| During construction | 20% | AED 1.65M |
| Upon Handover | 60% | AED 4.94M |
Run your own numbers
Your purchase
| Milestone | When | Amount |
|---|---|---|
| Downpayment (20%) | On booking | AED 1,647,000 |
| During construction (20%) | ≈ AED 68,625 equivalent per month over 24 months | AED 1,647,000 |
| Handover (60%) | On completion | AED 4,941,000 |
| DLD fee (4%) | On booking | AED 329,400 |
| Admin / Oqood (est.) | On booking | AED 5,250 |
Damac Bay 2 prices and unit mix
Project documents
Dubai Harbour masterplan
Damac Bay 2 location and connectivity
- Marinascape Mall8 min
- South beach lifestyle3 min
- Airport29 min
- Raffles Early Childhood Centre7 min
- Palm Jumeirah12 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 2
What is the starting price at Damac Bay 2?
Damac Bay 2 starts from AED 8.23M and runs to AED 30.11M, across 2 bedroom, 2 bedroom, 2 bedroom, 2 bedroom. Prices move with each release; the pack carries the current list.
What is the Damac Bay 2 payment plan?
20% on booking, 20% during construction, 60% upon handover, worked in dirhams on AED 8.23M 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 2 handover?
DAMAC lists handover for Q4 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 2?
In Dubai Harbour, Dubai: Marinascape Mall 8 min, South beach lifestyle 3 min, Airport 29 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 0205844210302. 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.