Dubai Harbour · Damac Properties
Located in Dubai Harbour. Developer — Damac Properties.
Specifications for Damac Bay 2 by Cavalli per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Damac Bay 2 by Cavalli is a residential complex of several buildings in Dubai Harbour, currently under construction.
The developer is Damac Properties.
The complex holds 643 apartments in total.
The database currently holds 5 lots in this project, from 2 825 000 AED; 3 of them priced below the market, the deepest discount 11%.
643 Damac apartments in Dubai Harbour, handover at the end of 2028. Four of our lots from AED 3.25 to 7.25 million, average discount 16.7% — a catalogue record.
DAMAC Bay 2 by Cavalli is a multi-building residential complex in Dubai Harbour, developer Damac Properties. The passport lists 643 apartments; confirmed amenities include a pool and a spa. Handover on our lots — end of December 2028.
This is the second phase of the DAMAC Bay project; the first, with 1,066 apartments, is covered separately. Both come with Cavalli-branded interiors.
Our four lots are 1–3-bedroom apartments sized from 818 to 1,847 square feet.
Three of four lots are listed at a discount, averaging 16.7% — the highest among every address we've reviewed. The nearest are Binghatti Grove at 15.2% and Eden Hills at 13.2%.
A double-digit discount of this size two years before handover isn't a negotiating tactic — it's a repricing: the market hasn't confirmed the starting prices. Growth should be counted from the new level, not the developer's price list.
The average price per square foot is around AED 3,752 — below the first phase's AED 4,845. A gap of a thousand dirhams per square foot between two phases of the same project says something on its own about the direction the harbour market has moved.
First — the assignment arithmetic: the seller's price plus the balance owed to the developer plus the reassignment fee.
Second — volume. 643 apartments in the second phase plus 1,066 in the first will come to the harbour market close together in time; that's substantial pressure on resale.
Third — the view. The harbour is under construction, and the sightline depends on the building and side; check it against the master plan, not the render.
The propsearch project passport (apartment count, building type, developer, district, stage, amenities) and our own stock as of 28 August 2026: 4 lots — price range, sizes, price per square foot, bedroom mix, handover date, number of discounted lots and average discount size.
The project's first phase — Damac Bay by Cavalli →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.
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.
Ask on WhatsAppDamac Properties.
The project is under construction. I check the exact date for a particular unit in the contract before the deal.
Dubai Harbour. The marina, cruise terminal and mixed-use district wrapping Emaar Beachfront — Dubai’s maritime gateway under construction.
The database currently holds 5 lots in this project, from 2 825 000 AED; 3 of them priced below the market, the deepest discount 11%. The list changes daily — I will send a fresh selection for the building on request.
What has been written about the building, its developer and Dubai Harbour
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.
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
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