DAMAC City 2, Dubai Water Canal: sale prices and transactions
DAMAC City 2 is a project registered with the Dubai Land Department (project no. 3001) in Dubai Water Canal. Since June 2025, 577 residential sales have been registered there, the latest in October 2026. Over the last 12 months, 281 sales closed at a median AED 32,458 per m² (AED 3,015 per sq ft).
- AED 32,458median price per m²
- AED 3,015median price per sq ft
- 577sales since 2025
- 281sales in 12 months
- -0.1%change year on year
Its price per m² is 4.2% below the Dubai Water Canal median (AED 33,886/m²). All sales were registered off-plan: the project is sold before completion.
DAMAC City 2 prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · Studio | 66 | AED 1,305,500 | 37 m² |
| Apartment · 1 bedroom | 166 | AED 2,262,000 | 71 m² |
| Apartment · 2 bedrooms | 48 | AED 3,556,225 | 117 m² |
DAMAC City 2 price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2025 | 392 | AED 32,603 | AED 3,029 | — |
| 2026 (to mid-October) | 185 | AED 32,129 | AED 2,985 | -1.5% |
DAMAC City 2 off-plan: official sheet, progress and price list
Developer: Pinnacle Real Estate Developments L.L.C, all projects
Neighbouring projects in Dubai Water Canal
Same price per m² elsewhere in Dubai
- Central Park at City Walk -Building 1, City Walk — AED 32,413/m²
- Talea, Dubai Maritime City — AED 32,466/m²
- Laurel, City Walk — AED 32,404/m²
- Hyde Walk Residence by Imtiaz, Jumeirah Garden City — AED 32,354/m²
Other projects in Dubai Water Canal
- Canal Front Residences-CF5&CF6 — AED 32,473/m²
- Canal Front Residences-CF7 & CF8 & CF9 — AED 31,881/m²
- Canal Front Residences-CF3&CF4 — AED 31,424/m²
- Canal Front Residences CF1 & CF2 — AED 29,329/m²
- DAMAC City — AED 24,028/m²
- Eden House The Park — AED 43,306/m²
- Muraba Veil — AED 45,130/m²
- Eden House The Canal — AED 54,557/m²
Dubai Water Canal property prices · Dubai Water Canal rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at DAMAC City 2?
Over the last 12 months the median is AED 3,015 per sq ft (AED 32,458 per m²) across 281 DLD sales.
How much is a studio at DAMAC City 2?
Median sale price AED 1,305,500 for a median 37 m², across 66 sales over the last 12 months.
How many sales have been registered at DAMAC City 2?
577 residential sales registered with the DLD between June 2025 and October 2026, 100% of them off-plan.
Where is DAMAC City 2?
In Dubai Water Canal (DLD area Al Wasl), Dubai.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.