Damac Bay 2 by Damac Properties
The premium Damac Bay 2 in the UAE will become a gem of the waterfront community Dubai Harbour. Damac Properties, famous for its high-end complexes, is developing the project. This project was designed in collaboration with the Italian fashion brand Roberto Cavalli.
The complex comprises two towers, one 47 stories high and the other 49 stories high, connected by a shared podium. A two-level car park, an outdoor terrace with a swimming pool, landscaped gardens and other amenities will be available on the premises. Recreation and entertainment areas will be provided on the roof.
Speaking of apartments for sale, Damac Bay 2 has lavish one- to three-bedroom flats and ultra-luxury three- to five-bedroom duplexes with floor areas of 68–314 square metres. The former is worth AED 3 million (USD 817,000).
For investors who purchase a full floor in Damac Bay 2, prices from the developer are particularly attractive. The project’s commissioning is scheduled for early 2028.
Damac Bay 2 location
Besides its exclusive design, Damac Bay 2 in Dubai boasts a prime location in Dubai Harbour, within walking distance of the following facilities:
- Two yacht marinas
- A beach with the Jungle Bay water park
- Dubai Marina Walk with fashionable restaurants and shops
The following destinations can be reached in 10 minutes by car:
- JBR Beach with sports courts and water attractions;
- Skydive Dubai, a parachuting centre;
- The Dubai Marina Mall;
- Topgolf Dubai with golf classes.
The building will have convenient access to Sheikh Zayed Road, leading to Downtown Dubai and the city’s popular waterfront districts, including Palm Jumeirah and Bluewaters Dubai islands.
Property in Damac Bay 2 for investments
Exclusive designs from a fashion couturier, numerous high-end amenities and a prime seaside location ensure that buying apartments in Damac Bay 2 for investment is a smart move. While the buildings are not completed, buyers are eligible for an interest-free instalment plan, paying 80% of the value in instalments throughout the construction and the other 20% upon commissioning.
Property for investment in Damac Bay 2 yields a guaranteed return. The value of residences in Dubai increases every year and by the time the project is completed, the prices of the local apartments will rise by up to 30%. Rental homes in this upscale district generate up to 6.7% per annum.