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PAYMENT PLAN
UNIT PRICE | AED 995,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 677,650 |
2. DLD Transfer fee 4% + 40 AED | AED 39,840 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 20,895 |
PAYMENT PLAN SCHEDULE
03-MAY-2026 | AED 43,275 |
01-AUG-2026 | AED 43,275 |
30-OCT-2026 | AED 40,390 |
28-JAN-2027 | AED 40,390 |
28-APR-2027 | AED 34,620 |
On Handover | AED 115,400 |
SUMMARY
Total on Transfer | AED 743,635 |
Total remaining Payment Plan | AED 317,350 |
TOTAL COST FOR BUYER | AED 1,060,985 |
ABOUT THIS DEAL
DEAL SUMMARY
This unit is a studio apartment of 477 sq.ft with canal views on floors 20 to 25 at Safa Two by De Grisogono, with handover scheduled for 2027. Asking price is AED 995,000, equivalent to AED 2,086 per square foot. Recent Dubai Land Department transactions across Business Bay branded-residence studio inventory have registered in the AED 2,200 to AED 3,000 per square foot band, placing this entry approximately 5 to 30 per cent below the comparable branded studio market on a like-for-like off-plan basis.
Business Bay studio gross rental yields typically run 7 to 8.5 per cent, supported by professional-tenant demand from Downtown, Business Bay and DIFC office cores, with a secondary short-let thesis given SZR visibility and Dubai Mall proximity. On handover, a conservative annual rent assumption of AED 70,000 to AED 85,000 implies a gross yield in the 7.0 to 8.5 per cent range at the current asking price. The holding thesis is rental income through the first lease cycles with a secondary short-term rental optionality, targeted at the single-professional and serviced-apartment tenant segment drawn to the De Grisogono brand overlay and the Business Bay office-core catchment.
PROJECT DESCRIPTION
OVERVIEW
Safa Two by De Grisogono is an 87-storey residential tower under development in Business Bay, delivered by Damac Properties through its Damac Canal One Property Development subsidiary. The tower is a branded-residence project developed in collaboration with the Swiss luxury jewellery house De Grisogono. Construction commenced in December 2019 with handover scheduled for 2027. Architectural design is by Dar Al Handasah Consultants, with main construction by China State Construction Engineering Corporation and foundation works by National Piling Company. The structure contains one basement parking level and reaches top residential floors in the Skylofts Collection. The Dubai Land Department records the project value at approximately AED 381 million. The tower is positioned directly on Sheikh Zayed Road within the Business Bay canal-front corridor.
LOCATION AND MASTERPLAN CONTEXT
Business Bay is one of Dubai's primary mixed-use districts, situated immediately south of Downtown Dubai along the Dubai Water Canal. Safa Two sits on Sheikh Zayed Road frontage at the western edge of Business Bay, with direct visibility across the Safa Park green corridor and the Jumeirah beachfront to the north-west. The immediate surrounding context is a mix of branded residences and hospitality towers along the SZR-Business Bay interface. Adjoining districts include Downtown Dubai at approximately 2.5 kilometres, Dubai International Financial Centre at 3.5 kilometres, and Jumeirah and City Walk within a similar radius.
TRANSPORT AND ACCESSIBILITY
The tower benefits from immediate vehicular access to Sheikh Zayed Road, one of Dubai's primary arterial corridors, and Al Khail Road via connecting routes. Typical drive times are approximately 10 minutes to Dubai Mall, 20 minutes to Palm Jumeirah, 18 minutes to Burj Al Arab and 22 minutes to Jumeirah Beach Residence. Dubai International Airport sits at approximately 18 minutes by car, with Al Maktoum International at approximately 40 minutes. Public transport provision is strong: the Business Bay Metro Station on the Red Line is within a short walking or driving distance of the tower, with bus and taxi networks supplementing mass transit access throughout the district.
AMENITIES AND FACILITIES
Safa Two is planned with a signature amenity programme reflecting the De Grisogono brand positioning. The centrepiece is a sapphire-themed infinity pool at the 64th floor suspended between the two halves of the tower. The 11th floor contains an artificial-beach pool. The 85th floor is planned to include a Fog Forest, an observatory, F&B outlets and an Edge Walk attraction. Levels 1 to 72 comprise luxury residential units, while levels 73 to 84 contain the Skylofts Collection ultra-luxury format, combining penthouses and enlarged-configuration units. Interior layouts make use of transformative living spaces with movable walls, enabling configurable layouts within each apartment.
SURROUNDING INFRASTRUCTURE
Retail and entertainment infrastructure in the immediate catchment is among the densest in Dubai. Dubai Mall is within a 10-minute drive, offering retail, cinemas, the Ice Rink, Dubai Aquarium and KidZania. Additional leisure provision includes Bay Avenue Park, Business Bay promenade, and dining at Souk Al Bahar and Address Dubai Mall. Education in the wider catchment includes Citizens School, Hartland International School and North London Collegiate School Dubai within approximately 3 to 4 kilometres. Healthcare is served through clinics and hospitals in DIFC, Business Bay and Al Satwa. Hospitality density in the surrounding SZR corridor includes The Dubai Edition, Vida Downtown, Mövenpick Hotel Apartments and a concentrated serviced-apartment cluster.
MARKET POSITION AND INVESTMENT CONTEXT
Business Bay branded residences have traded in a broad AED 2,200 to AED 3,000 per square foot band across recent off-plan and resale activity for comparable studio-size stock, with brand-partnered towers typically commanding a 10 to 20 per cent premium relative to non-branded inventory. Gross rental yields for Business Bay studios have historically run 7 to 8.5 per cent, supported by deep professional-tenant demand from the adjacent Downtown, Business Bay and DIFC office cores and a secondary short-term rental thesis supported by SZR visibility and proximity to Dubai Mall. The branded-residence positioning and amenity programme at Safa Two push the tower toward the upper end of the Business Bay band.
CONCLUSION
Safa Two by De Grisogono suits yield-focused investors seeking exposure to brand-partnered Business Bay studio inventory with a signature amenity programme and direct Sheikh Zayed Road visibility. The combined appeal of the De Grisogono brand overlay, the Business Bay canal-adjacent location and the sustained tenant demand from central-Dubai office cores supports a holding thesis oriented toward rental income through the first lease cycles, with a secondary short-term rental optionality in the post-handover period. Principal risks are construction-timeline exposure through 2027, the SZR-adjacent branded-residence supply pipeline coming to market simultaneously through 2026 to 2028, and the premium pricing point relative to non-branded Business Bay alternatives.