1-Bedroom Sea and Beach View Apartment at DAMAC Bay 2 by Cavalli, Dubai Harbour – 21.1% Below Original Price

Property Overview

This off-plan 1-bedroom apartment of 779 sq ft in DAMAC Bay 2 by Cavalli, Dubai Harbour, is offered at AED 2,585,000. That is AED 693,080, or 21.1%, below the seller's stated original purchase price of AED 3,278,080, and works out to about AED 3,318 per sq ft. The unit is on a low floor with sea and beach views, and handover is stated as Q4 2028.

Property Highlights

• Asking price: AED 2,585,000
• Original purchase price: AED 3,278,080 (agent-stated)
• Saving: AED 693,080 (21.1% below original price)
• Below original price plus 4% DLD: about 24.2% (calculated)
• Size: 779 sq ft (agent-stated)
• Rate: approximately AED 3,318 per sq ft (calculated)
• Bedrooms: 1
• View: sea and beach (agent-stated)
• Floor: low floor (agent-stated)
• Handover: Q4 2028 (agent-stated)

Why the Price Qualifies as Below Original Price

The agent supplied the original purchase price (AED 3,278,080) and the asking price (AED 2,585,000). The difference is AED 693,080, equal to 21.1% of the original price. Adding the 4% DLD fee the seller paid, the original cost was about AED 3,409,203, which puts the asking price roughly 24.2% below the seller's total outlay.

Buyers should confirm the original price and DLD receipt from the SPA and a DAMAC statement of account before committing.

About DAMAC Bay 2 by Cavalli and Dubai Harbour

DAMAC Bay 2 is a beachfront residential tower by DAMAC Properties in Dubai Harbour, designed with the Cavalli brand. Published plans place 1- to 3-bedroom apartments on lower and middle levels and larger duplexes on the upper floors.

Developer-listed facilities include beach access, restaurants, a spa with hydrotherapy, a yoga area, floating pods and an art gallery. Dubai Harbour is a waterfront district between Palm Jumeirah and Bluewaters Island, close to JBR and Dubai Marina.

Layout, Floor and View

The agent describes a 779 sq ft 1-bedroom apartment on a low floor with sea and beach views. Exact floor, bathroom count and parking were not supplied; request the floor plan.

Payment Plan and Handover

The agent gives handover as Q4 2028; some published project information shows Q1 2028. The amount paid and remaining instalments were not supplied. Confirm the handover date, outstanding balance and DAMAC's resale NOC fees from the SPA and a statement of account.

Location and Connectivity

Dubai Harbour sits on the coast beside Palm Jumeirah and Dubai Marina, with access to King Salman bin Abdulaziz Al Saud Street. DPF has not verified journey times from this tower.

Verification Notes

• Agent-supplied: project, bedrooms, size, original price, asking price, distress positioning, low floor, sea and beach view, Q4 2028 handover. The agent described the discount as 21.1% below OP plus DLD; DPF's calculation shows 21.1% is the discount against the original price alone.
• Calculated by DPF: saving amount and percentage, discount against OP plus 4% DLD, price per sq ft.
• External research: developer, Cavalli branding, floor layout, facilities and Dubai Harbour location from secondary project references.
• Not supplied: amount paid, payment schedule, exact floor, bathrooms, parking.