Damac Bay in Dubai Harbour
Damac Bay · Dubai Harbour, Dubai
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Launch Price
AED 3.88M
Property Type
Mixed-Use
Bedrooms
1 - 5 Beds
Payment Plan
20/40/40
Handover
Q3 2027
Projected Yield
5.6 to 7.6%
Off-plan multiple/other buyers in Dubai Harbour will find Damac Bay starting at AED 3.88M. A 20% booking payment secures the unit. Construction-phase instalments total 40%, with the remaining 40% due at handover scheduled for Q3 2027. Projected gross returns run in the 5.6 to 7.6% range annually, in line with similar off-plan product in Dubai. MonthlyDubai sends personalised shortlists to WhatsApp within 48 hours. Free to use, no agency commission involved.
Payment Plan Breakdown
From AED 86,267/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 20% | AED 776,400 Due on signing SPA |
|
| During Construction | 40% | AED 86,267/mo 18 monthly instalments |
|
| On Handover | 40% | AED 1,552,800 Due at Q3 2027 |
|
| Total | AED 3,882,000 | ||
On Booking
20%
AED 776,400
Due on signing SPA
During Construction
40%
AED 86,267/mo
18 monthly instalments
On Handover
40%
AED 1,552,800
Due at Q3 2027
Total
100%
AED 3,882,000
Questions about Damac Bay
What payment plan does Damac Bay offer?
Damac Bay uses a 20/40/40 payment plan. Buyers pay 20% at booking, with the remaining spread across construction and handover in Q3 2027.
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 fits your budget and send you comparable alternatives.
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