Damac Bay 2 is a residential development by DAMAC Properties located in Dubai Harbour. The project features apartments and duplexes designed in collaboration with Italian fashion brand Cavalli, blending contemporary architecture with coastal living.
The building offers 1, 2, and 3-bedroom apartments, plus 3 to 5-bedroom duplexes with private pools. Units feature spacious layouts, quality finishes, and views of the waterfront and surrounding area.
Positioned in Dubai Harbour, residents benefit from proximity to the marina, beach, commercial districts, and transport connections. The neighborhood includes dining, retail, and waterfront promenades.
Facilities include a gymnasium, shared pool and spa, covered parking, children's play area, and barbecue zones. The development also provides sea views and Cavalli-inspired dining options.
Construction is underway with completion expected in Q4 2028. The payment structure requires 20% on booking, 60% during construction, and 20% at handover.
Damac Bay 2 by Damac Properties in Dubai Harbour, Dubai is scheduled for handover in Q4 2028 (October–December 2028). Construction is estimated at ~25% based on the developer's reported phase.
The headline payment plan for Damac Bay 2 is 20/60/20. See the full breakdown of booking, construction and post-handover instalments in the Financials tab.
Damac Bay 2 offers 6 unit types:
Estimated gross rental yield: 7% p.a., benchmarked against current Dubai Harbour rental data.
~25% — estimated from construction phase.