Urgent Sale | 21.1% Below OP | 2 BR in Damac Bay 2
Damac Bay 2, Dubai Harbour, Dubai
Price
2,585,000 AED
1 / 20A resale one-bedroom apartment of approximately 779 sq ft in Damac Bay 2 by Damac, Dubai Harbour, due for completion in October 2028. The owner lists it at AED 2,585,000, a discount of 21.1% measured against the original price plus the 4% DLD fee, with sea, beach and greenery views from a low floor.
Type
Apartment
Category
Residential
Bedrooms
1
Bathrooms
1
Size
Overview of the deal
This is a resale of a one-bedroom apartment in Damac Bay 2, a building by Damac in Dubai Harbour, marketed as Damac Bay 2 by Cavalli. The owner wants a quicker sale and lists the unit at AED 2,585,000. The building is under construction, with completion on record for October 2028.
For buyers comparing properties for sale in Dubai, the owner states a discount of AED 693,080, or 21.1%. That figure is measured against the original price plus the 4% DLD fee, which the owner gives as AED 3,278,080. It is the owner's figure, not a valuation, and like everything in Dubai real estate resale it must be verified at enquiry.
The unit
The owner's details:
Bedrooms: 1
Size: approximately 779 sq ft
Floor: low
Views: sea, beach and greenery
Outdoor space: balcony
For a buyer weighing a 1 bedroom apartment Dubai offers on the water, size and outlook are the facts to compare. Ask us for the floor plan, as the layout is not in the details we hold.
The building and community
The owner's earlier description of Damac Bay 2 lists one to three-bedroom apartments with sea views and private balconies, plus infinity pools, a spa and fitness facilities; confirm these against the developer's current brochure. For buyers comparing Dubai Harbour apartments, the sea and beach outlook is the point to weigh.
Damac has been delivering projects since 2002 and is known for branded residences and large master communities. Damac projects in branded formats appeal to buyers seeking waterfront properties Dubai can offer close to the beach.
Price, discount and payment position
The owner's price position, as given:
Original price + DLD 4%: AED 3,278,080
Selling price: AED 2,585,000
Discount: AED 693,080 (21.1%)
Payments due at transfer:
Payment to seller: AED 1,670,000
DLD transfer fee (4% of the original price + AED 40): AED 126,120
Trustee office fee: AED 5,250
Buyer's agency commission (2% + VAT): AED 54,285
Total on transfer: AED 1,855,655
Remaining developer instalments that pass to the buyer:
10 November 2026: AED 95,000
10 February 2027: AED 95,000
10 May 2027: AED 95,000
On handover: AED 630,000
Total remaining: AED 915,000
The owner puts the total cost for the buyer at AED 2,770,655. The first instalment falls on 10 November 2026, only weeks away, so confirm whether the seller pays it before transfer, as that affects the payment plan Dubai buyers inherit with this unit.
Why this deal and for whom
The deal suits a buyer who wants a one-bedroom on the Dubai Harbour waterfront and can fund the transfer amount now, with smaller instalments and a handover payment to follow, or someone who would rather buy property in Dubai through a resale with a stated discount basis than a new launch.
Resale units in sold-out off-plan projects Dubai developers have closed are not always on the market. Anyone weighing this as a Dubai property investment should form their own view of value; we make no promise of rental income or future price.
What happens next
As a real estate agency Dubai buyers use for resale transfers, Mahboob Estate handles these steps:
Confirm the unit, price and discount basis with our team.
Review the floor plan and the developer's statement of account.
Agree who pays the 10 November 2026 instalment.
Sign the sale agreement; the seller obtains the developer's clearance.
Complete the transfer at the trustee office.
If this unit is taken, we can share other apartments for sale in Dubai.
FAQ
What is the 21.1% discount measured against?
The owner measures it against the original price plus the 4% DLD fee, given as AED 3,278,080, compared with the selling price of AED 2,585,000. Verify the original price at enquiry.
How much do I pay at transfer?
The owner gives AED 1,855,655 at transfer, with AED 915,000 in instalments and the handover payment to follow.
When is completion?
Our records show October 2028, in line with the owner's note of the fourth quarter of 2028. Confirm the date with the developer, as for any of the off-plan properties Dubai buyers take over on resale.
Damac Bay 2, Dubai Harbour, Dubai
