This 1-bedroom apartment in DAMAC Bay - Tower B is offered as a distress deal at AED 3,290,000, representing a 23.9% discount from the original price of AED 4,323,320. The unit spans 871 sq.ft, placing the entry price at AED 3,777 per sq.ft. Positioned on a high floor (approximately the 35th), the apartment features a full sea and Palm view with a balcony, and is scheduled for handover in Q4 2027. The payment plan is structured, with a significant portion due on transfer and the remainder spread across scheduled instalments up to handover. The investment thesis here is clear: this is a below-market entry into a branded, sea-facing project in Dubai Harbour, with a payment plan that reduces immediate capital outlay and a discount that provides a buffer against market volatility or future pricing shifts.
DAMAC BAY · BeachfrontDAMAC · Beachfront
DISTRESS DEAL: 1-BR IN DAMAC BAY
- Unit
- 1-BR
- Size
- 871 sq.ft
- Developer
- DAMAC
- Handover
- Q4 2027
The discount is measured against the original price + DLD recorded for this unit, not against a valuation.
This unit has sold. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 15 March 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
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The numbers
Payment breakdown
- Payment to sellerAED 1,460,920
- DLD Transfer fee 4% + 40 AEDAED 131,640
- DLD Registration Trustee fee + 5% VATAED 5,250
- Buyer's agent commission 2% + 5% VATAED 69,090
- Total on transferAED 1,666,900
- 28-FEB-2026AED 166,280
- 30-MAY-2026AED 166,280
- 30-AUG-2026AED 166,280
- 30-NOV-2026AED 166,280
- 28-FEB-2027AED 166,280
- 30-MAY-2027AED 166,280
- On HandoverAED 831,400
- Total remaining payment planAED 1,829,080
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Floor plan
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
DAMAC Bay by Cavalli is located in Dubai Harbour, a waterfront district positioned between Dubai Marina and Palm Jumeirah. This area is designed for direct access to the beach and marina, with road connectivity to Sheikh Zayed Road and proximity to key city hubs such as Dubai Marina, JBR, and Media City. Public transport options are developing, but the area is primarily serviced by private vehicles, taxis, and ride-hailing apps. For investors, the location is significant: Dubai Harbour is emerging as a high-profile destination, with ongoing infrastructure improvements and a growing reputation as a lifestyle and tourism hub. The project’s position ensures strong visibility and accessibility, both for long-term residents and short-stay tenants seeking a waterfront address with city connectivity.
AMENITIES & SURROUNDING
DAMAC Bay by Cavalli is a multi-tower complex with interiors designed by the Cavalli fashion brand, giving the project a distinctive identity. Amenities are extensive, including private beach access, multiple swimming pools (including rooftop infinity pools), a spa, fitness facilities, children’s play areas, and unique features such as an 'Opera Pavilion' for live performances and a central synchronised water fountain. The project also offers themed lounges, landscaped gardens, and F&B outlets. The surrounding Dubai Harbour district is being developed with retail, dining, and leisure options, and benefits from proximity to established areas like Dubai Marina and JBR. The overall environment is designed to appeal to residents and visitors seeking a high-amenity, waterfront lifestyle, with the added cachet of branded interiors and curated communal spaces.
MARKET
At an entry price of AED 3,777 per sq.ft, this unit sits at the upper end of Dubai’s apartment market, but this is consistent with branded, sea-facing projects in prime waterfront locations. The 1-bedroom layout with full sea and Palm views is likely to appeal to international buyers, end-users, and investors targeting short-term rental income. The payment plan structure provides flexibility, reducing upfront capital requirements and potentially improving yield calculations. Liquidity for branded, high-floor, sea-view units in Dubai Harbour is expected to be robust, especially as the area matures and more infrastructure comes online. However, investors should be aware of the risks associated with off-plan purchases: construction timelines, future supply in the area, and the need to manage service charges and fit-out costs upon handover. The discount to original price provides a margin of safety, but the final investment outcome will depend on market conditions at completion and the project’s operational performance.
CONCLUSION
This distress deal in DAMAC Bay - Tower B offers a discounted entry into a branded, sea-facing project in one of Dubai’s most anticipated waterfront districts. The combination of a substantial price reduction, a flexible payment plan, and a high-floor position with full sea and Palm views makes the unit attractive for investors seeking exposure to Dubai’s premium residential segment. The main considerations are the off-plan nature of the asset, the evolving infrastructure in Dubai Harbour, and the need to factor in service charges and future market dynamics. For buyers comfortable with these factors, the deal provides a clear value proposition: a below-market acquisition in a project with strong branding, amenity depth, and long-term rental and resale potential.
Location
DAMAC BAY — Beachfront, Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 1-BR IN DAMAC BAY behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are considering.
Method
- Handover
- The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
- Gross yield
- Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
- Net yield
- (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
- Rent growth
- Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
- ROI
- Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
- ROE
- Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
- Cash-on-cash return
- Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
- IRR
- The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.
An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.
Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.
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