Damac Bay 2 in Dubai Harbour
Damac Bay 2 · Dubai Harbour, Dubai
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Launch Price
AED 7.28M
Property Type
Mixed-Use
Bedrooms
1 - 5 Beds
Payment Plan
20/60/20
Handover
Q4 2028
Projected Yield
5.5 to 7.5%
Off-plan multiple/other buyers in Dubai Harbour will find Damac Bay 2 starting at AED 7.28M. A 20% booking payment secures the unit. Construction-phase instalments total 60%, with the remaining 20% due at handover scheduled for Q4 2028. Projected gross returns run in the 5.5 to 7.5% range annually, in line with similar off-plan product in Dubai. Damac Bay 2 sits in the premium tier. MonthlyDubai can match this project with your monthly capacity alongside comparable alternatives.
Payment Plan Breakdown
From AED 132,436/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 20% | AED 1,456,800 Due on signing SPA |
|
| During Construction | 60% | AED 132,436/mo 33 monthly instalments |
|
| On Handover | 20% | AED 1,456,800 Due at Q4 2028 |
|
| Total | AED 7,284,000 | ||
On Booking
20%
AED 1,456,800
Due on signing SPA
During Construction
60%
AED 132,436/mo
33 monthly instalments
On Handover
20%
AED 1,456,800
Due at Q4 2028
Total
100%
AED 7,284,000
Questions about Damac Bay 2
What payment plan does Damac Bay 2 offer?
Damac Bay 2 uses a 20/60/20 payment plan. Buyers pay 20% at booking, with the remaining spread across construction and handover in Q4 2028.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Damac Bay 2 fits your budget and send you comparable alternatives.
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