DAMAC Bay: off-plan project in Dubai Harbour
DAMAC Bay is an off-plan residential apartment project in Dubai Harbour, registered with the Dubai Land Department as project no. 2559 and developed by DAMAC J R Two Investment L.L.C. From October 16, 2025 to October 16, 2026, 48 off-plan sales were registered there at a median price of AED 3,975,500 (AED 3,412 per sq ft); 80% of sales fall between AED 3,273,000 and AED 6,493,730.
- 48off-plan sales in 12 months
- AED 3,975,500median sale price
- AED 3,412median price per sq ft
- 16.3%construction progress (DLD)
- January 2027end date in the register
- 1,087registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 3,412 per sq ft, DAMAC Bay is 27.1% below the median of off-plan sales across the 10 projects tracked in Dubai Harbour (AED 4,682 per sq ft), and 93% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 48 off-plan sales in 12 months, about 4 a month; number 3 by sales in Dubai Harbour over the period.
- Construction: 16.3% complete in the DLD register, construction is at an early stage; planned end January 2027.
- Profile: a concentrated project, 81.3% of sales are the same unit type (apartment · 1 bedroom).
DAMAC Bay: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 2559 |
| Registered developer | DAMAC J R Two Investment L.L.C (developer no. 1529) |
| Master developer | Shamal Estates L.L.C |
| Community (master project) | Dubai Harbour |
| DLD area | Marsa Dubai |
| Register status | active |
| Construction progress | 16.3% |
| Project start | April 15, 2023 |
| Planned end | January 15, 2027 |
| Registered units | 1,087 units |
| Buildings | 4 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
DAMAC Bay off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · 1 bedroom, at a median AED 3,936,660.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · 1 bedroom | 39 | AED 3,936,660 | 3,113,000 – 4,250,600 | 117 m² (1,259 sq ft) | AED 3,230 |
| Apartment · 2 bedrooms | 6 | AED 5,762,950 | 4,737,500 – 8,012,920 | 132 m² (1,421 sq ft) | AED 3,982 |
| Apartment · 3 bedrooms | 3 | AED 8,238,000 | — | 196 m² (2,110 sq ft) | AED 3,950 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 1 bedroom: 81.3% of off-plan sales, with a median size of 117 m² (73 to 121 m² for 80% of them).
- Apartment · 1 bedroom: 81.3% (39 sales)
- Apartment · 2 bedrooms: 12.5% (6 sales)
- Apartment · 3 bedrooms: 6.3% (3 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
DAMAC Bay off-plan price by quarter
The median off-plan price per sq ft moved from AED 4,489 in Q1 2024 to AED 3,104 in Q2 2026 (-30.9%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q1 2024 | 48 | AED 4,489 | — |
| Q2 2024 | 65 | AED 4,506 | +0.4% |
| Q3 2024 | 27 | AED 3,473 | -22.9% |
| Q4 2024 | 22 | AED 3,453 | -0.6% |
| Q1 2025 | 28 | AED 3,482 | +0.8% |
| Q2 2025 | 34 | AED 3,223 | -7.4% |
| Q3 2025 | 13 | AED 3,423 | +6.2% |
| Q4 2025 | 19 | AED 3,449 | +0.8% |
| Q1 2026 | 19 | AED 3,488 | +1.1% |
| Q2 2026 | 7 | AED 3,104 | -11% |
| Q3 2026 | 4 | AED 3,896 | — |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Dubai Harbour
To gauge the rental market around DAMAC Bay: annual rents of Ejari contracts registered in Dubai Harbour over the last 12 months (1,478 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · 1 bedroom | 679 | AED 130,000 | 115,000 – 148,000 |
| Apartment · 2 bedrooms | 605 | AED 210,000 | 180,000 – 245,000 |
| Apartment · 3 bedrooms | 181 | AED 350,000 | 300,000 – 430,000 |
| Apartment · 4 bedrooms | 13 | AED 560,000 | 500,000 – 728,875 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is DAMAC Bay?
DAMAC Bay is in Dubai Harbour (DLD area Marsa Dubai), Dubai.
Further reading
- All off-plan projects in Dubai Harbour
- All DLD sales at DAMAC Bay (new and resale)
- Dubai Harbour property prices
- Dubai Harbour rents
- All DAMAC J R Two Investment L.L.C projects
- Our developer guide
Other off-plan projects in Dubai Harbour
- W Residences at Dubai Harbour — AED 4,774/sq ft
- The Residences at the Dubai Beach Edition — AED 4,936/sq ft
- DAMAC Bay 2 — AED 4,274/sq ft
- Address The Bay — AED 4,083/sq ft
- Sobha Seahaven Tower B & C — AED 4,171/sq ft
- Bayview — AED 5,059/sq ft
- Dubai Harbour Residences (Area 3) — AED 3,971/sq ft
- Dubai Harbour Residences (Area 1) — AED 4,609/sq ft
Same budget elsewhere in Dubai (around AED 3,975,500)
- LIV Oceanside, Palm Deira — AED 3,954,548
- Fern, City Walk — AED 4,000,000
- Grand Polo - Equestra, Dubai Investment Park Second — AED 3,928,710
- The Valley - Rivana, The Valley — AED 4,022,500
- One.B Tower, Business Bay — AED 3,919,500
- The Meriva Collection, Palm Deira — AED 4,031,828
Projects presented by Cevitas
Frequently asked questions
How much does a home at DAMAC Bay cost?
Over the last 12 months, the 48 off-plan sales registered with the DLD show a median price of AED 3,975,500, or AED 3,412 per sq ft; 80% fall between AED 3,273,000 and AED 6,493,730. The developer's current prices are on its price list.
When will DAMAC Bay be completed?
In the DLD project register (as of 15/06/2026), the project is "active", 16.3% complete, with a planned end date of January 15, 2027. The handover date is confirmed by the developer.
Who is the developer of DAMAC Bay?
The DLD register lists DAMAC J R Two Investment L.L.C (developer no. 1529), in a community developed by Shamal Estates L.L.C.
What unit types are sold at DAMAC Bay?
Off-plan sales over the last 12 months cover: apartment · 1 bedroom (39), apartment · 2 bedrooms (6), apartment · 3 bedrooms (3). Best-selling type: apartment · 1 bedroom, at a median AED 3,936,660 for 117 m².
Has the price per sq ft at DAMAC Bay changed?
The median off-plan price moved from AED 4,489 per sq ft in Q1 2024 to AED 3,104 in Q2 2026, based on DLD-registered sales.
How do I get the DAMAC Bay price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.