Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 1-BR IN DAMAC BAY 2 — distress deal in Beachfront from Mitchell's Commercial Real EstateDAMAC BAY 2 · Beachfront

DAMAC · Beachfront

DISTRESS DEAL: 1-BR IN DAMAC BAY 2

Asking price as listedAED 2,950,000AED 3,782 per sq.ft
Original price + DLDAED 3,411,200
DiscountAED 461,20013.5% below original price
Unit
1-BR
Size
780 sq.ft
Developer
DAMAC
Handover
Q4 2027

The discount is measured against the original price + DLD recorded for this unit, not against a valuation.

Sold
Listed 15 March 2026Status confirmed 17 September 2026

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.

Looking for another distressed property deal?

This unit has sold. Tell us the size, area and budget you're working to and a member of the Mitchell's team will come back with the stock that currently matches. It takes under a minute, and there's no obligation.

Choose one — the next questions adapt to your answer.

On this page

Quick navigation

The numbers

Payment breakdown

Total cost for buyer, as listedAED 3,135,240The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,950,000
Fees and commissionAED 185,240
Step 01Due at transferAED 1,690,720Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,505,480
  • DLD Transfer fee 4% + 40 AEDAED 118,040
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 61,950
  • Total on transferAED 1,690,720
Step 02Payable to DAMAC after transferAED 1,444,520The balance of the payment plan, which the buyer takes over.
  • 10.11.2025AED 131,320
  • 10.02.2026AED 131,320
  • 10.05.2026AED 131,320
  • 10.08.2026AED 98,490
  • 10.11.2026AED 98,490
  • 10.02.2027AED 98,490
  • 10.05.2027AED 98,490
  • On HandoverAED 656,600
  • Total remaining payment planAED 1,444,520

This unit has sold. Tell us what you are looking for and we will send the deals that are open now.

Show me deals like this one

Layout

Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN DAMAC BAY 2Floor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN DAMAC BAY 2

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 1-bedroom apartment in DAMAC Bay 2 is presented as a distress deal at AED 2,950,000, reflecting a 13.5% discount to the original price of AED 3,411,200. The unit measures 780 sq.ft, placing the entry at approximately AED 3,782 per sq.ft. The project is scheduled for completion in Q4 2027, with a staged payment plan available. The immediate investment thesis is access to a branded, waterfront address in a new Cavalli-designed development, at a visible discount to the original developer price. For buyers, this means an opportunity to secure a prime Dubai Harbour position with a lower capital outlay than current launch pricing, while still benefiting from the project's handover timeline and payment structure. The deal is structured for those seeking a mid-term off-plan position with a clear discount, rather than an immediate rental asset or a speculative early-stage launch flip.

LOCATION & TRANSPORT

DAMAC Bay 2 is located in Dubai Harbour, a master-planned waterfront district positioned between Dubai Marina and Palm Jumeirah. This location offers direct access to Sheikh Zayed Road, facilitating straightforward commutes to key business and leisure hubs such as Dubai Marina, JBR, Media City, and Downtown Dubai. Public transport options are developing in the area, with taxis and ride-hailing services currently providing the main connectivity. The proximity to Dubai Marina and the planned cruise terminal enhances both the lifestyle appeal and the practical accessibility of the address. For investors, the Dubai Harbour location is significant: it is one of the few new-build, branded residential offerings with direct beach and marina access, supporting both end-user and rental demand. The area is expected to see further infrastructure improvements as the district matures, which may support future capital appreciation and liquidity.

AMENITIES & SURROUNDING

DAMAC Bay 2 is being developed in partnership with the Cavalli fashion brand, with interiors and common areas reflecting a nautical and fashion-inspired design language. The project is planned to offer a range of amenities, including private beach access, multiple swimming pools, rooftop leisure decks, a Cavalli-branded lounge, and a fitness centre. Unique features such as an ‘Opera Pavilion’ for live performances, floating workstations in rooftop pools, and water-themed children’s learning areas are part of the design brief. The wider Dubai Harbour district is set to include retail, dining, and entertainment options, as well as marina facilities and landscaped promenades. Residents will benefit from the emerging infrastructure, with easy access to Dubai Marina’s established amenities and the planned cruise terminal. The building is designed to provide a high-amenity, service-led environment, appealing to both residents and tenants seeking a waterfront lifestyle with branded service elements.

MARKET

At an entry price of AED 3,782 per sq.ft, this unit sits within the upper tier of Dubai’s off-plan waterfront market, but the discount to original price provides a margin for investors relative to current developer launches in comparable branded projects. The one-bedroom format is likely to appeal to a mix of end-users, corporate tenants, and short-term rental operators, given the location and amenity profile. Liquidity for branded, waterfront one-bedroom units in Dubai Harbour is expected to be supported by ongoing demand for new-build, service-oriented apartments, though the segment is not immune to broader market cycles or delivery risk. The main risk points are construction timeline adherence, future service charge levels, and the pace at which the Dubai Harbour district matures and achieves full operational infrastructure. For investors, the case rests on the combination of a visible discount, a payment plan that reduces capital exposure during construction, and the potential for both rental and resale demand at handover, provided the project delivers as specified.

CONCLUSION

This distress deal in DAMAC Bay 2 offers a discounted entry into a branded, waterfront development in one of Dubai’s most strategically positioned new districts. The 1-bedroom layout, Cavalli design partnership, and planned amenity set make it a credible option for investors seeking mid-term capital appreciation or future rental income. The key strengths are the below-original price entry, the staged payment plan, and the Dubai Harbour location, which is expected to see further growth as infrastructure and amenities are delivered. The main considerations are construction risk, service charge levels, and the pace of area maturity. For buyers comfortable with an off-plan timeline and seeking exposure to Dubai’s branded waterfront segment, this deal provides a balanced entry point with a clear discount to original pricing and the potential for both end-user and investor demand at handover.

Location

DAMAC BAY 2 — Beachfront, Dubai

Get Directions

Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 1-BR IN DAMAC BAY 2 behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

The price you are considering.

Drives the service charge only.

Rent and service charge both start here.

Holding & income

Your figure. We have not assumed one.

0% holds rent flat. It may be negative.

Your figure — we publish none. A month vacant plus re-letting time is roughly 8%, if that fits your building.

Your figure — we publish none. Letting fees and routine repairs.

Your figure — we publish none. Look your building up on Mollak — rates run AED 3 to AED 30+.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Your figure — we publish none. The trustee tariff is tiered and the admin lines vary by office; ask your trustee office for the total, and add your NOC and any legal quote.

Exit

1 to 40 years.

0% by default: we publish no price forecasts.

5% VAT added automatically.

Nothing to calculate yet

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.

Got questions?

Get Answers!

Read next

A discounted unit is bought the same way any other is. The questions are just sharper. These are our own guides and articles on buying from overseas, taking on a resale or an off-plan assignment, and what the purchase costs.

The gold rule under an entry is its length, against the longest piece here.

Guides

Articles

Need help?