DAMAC BAY 2 1br
1 BR · Apartment
About the building
Located in Dubai Harbour. Developer — Damac Properties.
What the building has
- Swimming pool
- Spa and sauna
Where it is
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 NP3-109344
How much is this 1-bedroom apartment in DAMAC BAY 2 1br?
Lot NP3-109344 is priced at AED 3 089 000, about $841 000. The listing does not state a size, so no price per square foot is given.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
What are prices like in Dubai Harbour?
The database holds 18 lots in Dubai Harbour, starting from AED 2 500 000. The area median is AED 4 575 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 3 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 →Is the property ready or still under construction?
The handover date in the listing is 2028. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 123 560 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 3 089 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about DAMAC BAY 2 1br?
The project has 643 units. The developer is Damac. Figures are from the project passport: Propsearch and the Dubai Land Department.
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 NP3-109344 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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