DISTRESS DEAL: 1-BR IN DAMAC BAY 2

Overview

Damac Bay 2 by Cavalli is a residential multi‑building complex under development within Dubai Harbour, an emerging waterfront district located between Palm Jumeirah and Dubai Marina in Dubai, United Arab Emirates. The development forms part of the broader Dubai Harbour master community, a large coastal project designed to host residential towers, tourism facilities, marinas, hotels, retail areas and leisure amenities. Damac Bay 2 by Cavalli comprises two residential towers and is being developed by Damac Properties through its subsidiary Damac MDN Investment. The project is scheduled for completion in phases with an estimated handover in Q4 2028. The complex is planned to include approximately 643 residential units distributed across the two towers, which are designed to contain mid‑ and high‑level residential floors combined with shared recreational and service facilities. Construction is reported to have commenced in July 2023 according to publicly available project timelines. The development has been introduced as part of Dubai Harbour's wider strategy to create a dense residential and tourism corridor along the city's coastal shoreline connecting Dubai Marina, Mina Seyahi and Palm Jumeirah areas.

Location and Urban Context

Damac Bay 2 by Cavalli is situated in Dubai Harbour within the Marsa Dubai planning zone adjacent to Dubai Marina. The immediate surroundings include established coastal districts such as Dubai Marina and Jumeirah Beach Residence, as well as newer projects including Emaar Beachfront and the redevelopment areas along Mina Seyahi. The location places the development near several prominent waterfront landmarks, including Dubai Marina Walk, Marina Beach and Skydive Dubai, all within short driving distance. The area is characterized by high‑rise residential towers, mixed‑use developments and hotel complexes serving the broader marina district. Dubai Harbour has been planned to integrate a large yacht marina capable of accommodating superyachts, waterfront promenades, hospitality projects and residential towers targeting the upper segment of the housing market. The inclusion of Damac Bay 2 within this district reflects ongoing urban expansion along the Emirate's coastline where land reclamation and new infrastructure projects have enabled additional residential supply within close proximity to established business and leisure districts.

Architecture and Project Configuration

The complex consists of two individual structures referenced as Damac Bay 2 by Cavalli Tower 1 and Damac Bay 2 by Cavalli Tower 2. The towers are designed as part of a coordinated development with shared amenities and service infrastructure. The project has been publicly associated with design collaboration involving Cavalli, the Italian fashion brand founded by designer Roberto Cavalli. In Dubai's real estate sector such brand partnerships are frequently used to guide interior design themes, shared amenity concepts and marketing identity. The development includes a range of residential layouts expected to comprise one bedroom, two bedroom and larger units distributed across multiple floors. Some units have been marketed under subdivision collections such as the Skycrest Collection, which forms a subset of the inventory within the broader Damac Bay complex. Residential towers in Dubai Harbour typically integrate podium structures containing recreational facilities, parking areas and shared communal services while the upper floors contain residential units arranged around vertical service cores and lift banks.

Amenities and Resident Facilities

Planned amenities at Damac Bay 2 by Cavalli include a range of leisure and wellness spaces positioned within both podium and elevated levels of the towers. Developer promotional material describes facilities such as relaxation pods, spa treatment areas and hydrotherapy installations including walk‑through showers. Additional recreational features are reported to include floating therapy pods within a high‑level infinity pool environment and hospitality elements such as a sushi bar. Residents are also expected to have access to indoor leisure facilities and wellness treatment areas designed as part of the project's branded concept. Retail and hospitality venues located within nearby hotel complexes and marina promenades provide additional services accessible to residents including restaurants, beach clubs and waterfront entertainment venues. As with many high‑rise developments in the marina district, podium spaces are typically configured to support pools, fitness spaces and landscaped sitting areas distributed across multiple floors.

Transport and Connectivity

The project benefits from proximity to several major roads connecting the Dubai Marina district with the remainder of Dubai. Access to Sheikh Zayed Road can be achieved via interchanges linking the marina corridor with the arterial highway network running through the emirate. Travel times recorded under typical traffic conditions indicate that Dubai Mall in Downtown Dubai can be reached in approximately twenty two minutes by car. Palm Jumeirah is located roughly twelve minutes from the development while Burj Al Arab can be reached in approximately seventeen minutes. Leisure areas within Jumeirah Beach Residence such as The Walk are located around nine minutes away. Dubai International Airport is approximately thirty minutes away by car depending on traffic conditions while Al Maktoum International Airport at Dubai South may be reached in roughly thirty five minutes. The surrounding district is also connected by public transport including nearby Dubai Tram services and Dubai Metro stations located within Dubai Marina and Jumeirah Lakes Towers.

Local Infrastructure and Facilities

The vicinity of Damac Bay 2 includes a wide range of commercial and leisure infrastructure. Dubai Marina Mall provides retail outlets, restaurants and cinema facilities accessible within a short commute. Recreational destinations in the surrounding area include the waterfront promenades of Marina Walk and Jumeirah Beach Residence, offering outdoor dining venues, pedestrian routes and beach access. Emirates Golf Club is located nearby providing an 18‑hole championship golf course and recreational facilities. Several international schools operate within a short driving radius including Dubai College, Regent International School and Emirates International School Meadows. Beachfront spaces such as Sufouh Beach and Marina Beach provide coastal recreation areas. Multiple hotels operate in the Mina Seyahi district adjacent to the site, including Le Meridien Mina Seyahi, W Dubai Mina Seyahi and Westin Dubai Mina Seyahi Beach Resort. These properties contribute additional restaurants, hospitality venues and nightlife options within the immediate neighbourhood.

Market Context and Distressed Asset Positioning

Residential property within branded waterfront projects in Dubai Harbour generally commands premium pricing relative to inland developments due to views, proximity to the marina waterfront and tourist infrastructure. However the specific unit referenced in this listing is classified as a distressed asset because it is offered below prevailing market value within the same development. In property terminology a distressed asset refers to a property offered at a reduced price relative to comparable market listings, typically due to seller circumstances, liquidity requirements or secondary market conditions affecting the transaction. Such pricing can place the unit below standard developer or resale valuations recorded in the surrounding inventory. Distressed assets may therefore represent a discounted entry point into neighbourhoods where baseline pricing is otherwise higher due to location advantages and development branding.

Development Timeline and Value

The project was first recorded during planning stages in 2023 and construction reportedly commenced during July of the same year. Public project records list an estimated completion target of Q4 2028. Information submitted to Dubai Land Department indicates an estimated development value of approximately AED 301798000, representing an early valuation provided by the developer during the planning phase prior to full construction. Actual development cost may vary during project progression depending on construction scope and market conditions. As construction advances the development will form part of a cluster of residential towers within Dubai Harbour overlooking the marina basin and coastal waters of the Arabian Gulf.