The final payment on this building falls in 2027 — under off-plan plans that is
40–60% of the price in one go. A UAE bank closes it: the flat becomes the security,
and nothing is added on top of what the developer has already been paid.
Up to 80% of the appraised value, no extra down payment
3.99% fixed for three years, up to 25 years in term
6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and
we will look at what the developer will accept.
Damac Bay 2 is still being built. The handover date of a given unit I verify against its contract before the deal.
Where is Damac Bay 2?
Dubai Harbour. The marina, cruise terminal and mixed-use district wrapping Emaar Beachfront — Dubai’s maritime gateway under construction.
How much does an apartment in Damac Bay 2 cost?
The database currently holds 4 lots in this project, from 2 585 000 AED; 3 of them priced below the market, the deepest discount 21%. Prices move every day, so it is worth asking for the current list for this building.
On sales registered with the Dubai Land Department in the year to July 2026, Jumeirah 2 leads at about AED 7 560 per sq ft, followed by Trade Center 2, DIFC, Dubai Harbour and La Mer. The city median is about AED 1 716. How prices compare with rents, and when a costly square foot pays off.
A holding company developing the Dubai Harbour waterfront. A marina and cruise district is not the same as a residential waterfront, and the difference shows up daily.
A man-made peninsula between Palm Jumeirah and Dubai Marina, and the distinction almost everyone misses: Emaar builds the head of it, other developers build the stem. What to check before buying a sea view here.