3-Bedroom Apartment in Damac Bay Tower B, Dubai Harbour at Original Price with 75% Paid

Property Overview

This 3-bedroom off-plan apartment in Damac Bay Tower B, Dubai Harbour, is offered at AED 9,444,302, the same as its stated original price. The unit measures about 2,125 sq ft (197.39 sqm), 75% of the price has already been paid, and handover is expected in Q2 2027 according to the agent.

Property Highlights

• Property type: Apartment
• Bedrooms: 3
• Size: 197.39 sqm (about 2,125 sq ft)
• Asking price: AED 9,444,302
• Original price: AED 9,444,302 (agent-stated)
• Price per sq ft: about AED 4,444
• Payment status: 75% paid (agent-stated)
• Expected handover: Q2 2027 (agent-stated)
• Building: Damac Bay Tower B, Damac Bay by Cavalli
• Location: Dubai Harbour, Dubai

Why This Is Listed as an Off-Plan Distress Deal

The agent describes this as a hot deal at the original price. The selling price and the original price are both AED 9,444,302, so there is no discount and no savings figure applies. The listing is classified as an off-plan resale opportunity because the unit is still under construction, a large share of the price has already been paid, and the seller is offering it at the original price rather than at a premium.

For a buyer, the practical point is cash flow. With 75% paid, DPF's arithmetic puts the paid portion at roughly AED 7.08 million and the remaining 25% at roughly AED 2.36 million. How the transfer is structured, including what is paid to the seller and what remains payable to the developer, must be confirmed against the developer's statement of account and the SPA.

No DLD transaction or dated market comparison was supplied, so this page does not claim the price is below market.

About the Project, Developer and Community

Damac Bay by Cavalli is a waterfront residential project by DAMAC Properties, created in partnership with the Italian fashion brand Cavalli. It sits in Dubai Harbour, between Palm Jumeirah and Bluewaters Island, and is made up of three towers offering apartments, duplexes and larger residences. A separate later phase, Damac Bay 2 by Cavalli, has its own timeline and should not be confused with this tower.

Dubai Harbour is a coastal district with a large marina, waterfront promenades, dining and resort options, close to Dubai Marina and JBR.

Layout, Floor and View

The agent brief confirms a 3-bedroom apartment of about 2,125 sq ft. The floor, view, bathroom count, parking and unit number were not supplied, so they are not stated here. Ask DPF for the floor plan and unit details before arranging a viewing or committing.

Payment Plan and Handover

According to the agent, 75% of the price has been paid and handover is expected in Q2 2027. Some portal data lists Q1 2027 for Tower B, so the current handover date should be confirmed in the SPA and with DAMAC. Buyers should also confirm any remaining instalment dates, developer transfer or NOC fees, and the Dubai Land Department transfer fee, which is normally 4% of the price.

Location and Connectivity

Dubai Harbour lies on the coast between Palm Jumeirah and Bluewaters Island, next to Dubai Marina and Jumeirah Beach Residence. Exact travel times depend on traffic and are not stated here.

Verification Notes

• Agent-supplied facts: property, tower, bedrooms, size, original price, selling price, 75% paid and Q2 2027 handover.
• DPF-calculated figures: price per sq ft, approximate paid and outstanding amounts.
• External research: developer, project name, tower and Dubai Harbour location, checked against DLD-sourced project data.
• Not verified: the SPA, statement of account and current handover schedule. Buyers should review these documents before proceeding.