Damac Bay 2 by Cavally
1 BR · Apartment
Where it is
The pin is placed by district — I send the exact address on request.
Dubai Harbour
The marina, cruise terminal and mixed-use district wrapping Emaar Beachfront — Dubai’s maritime gateway under construction.
- long-horizon holds
- marina and yachting access
- coastal new-build
What to check: Substantial parts of the masterplan are still under construction and dates have slipped before. Value the purchase on what is complete and contracted, and treat the promised marina and retail amenity as upside rather than as part of the price.
Full district guide →Questions and answers about lot NP16-550783
How much is this 1-bedroom apartment in Damac Bay 2 by Cavally?
Lot NP16-550783 is priced at AED 3 150 000, about $858 000. The size is 825 sq ft (77 m²), which works out at AED 3 818 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 3 600 000; it is now AED 3 150 000 — AED 450 000 less, or 12%.
Is this expensive or cheap for Dubai Harbour?
The database holds 30 lots in Dubai Harbour, starting from AED 2 500 000. The area median is AED 4 575 per sq ft; this lot, at AED 3 818, is 17% below it. 13 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Dubai Harbour area guide →Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 630 000; a loan of AED 2 520 000 over 25 years at 3.75–4.99% a year comes to roughly AED 13 000–14 700 a month. A non-resident puts down from 40% (AED 1 260 000) and pays about AED 9 700–11 000 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 126 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 3 150 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP16-550783 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Damac Bay 2 by Cavally
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