Damac Bay 2

Damac Bay 2 is a 49-storey residential tower in Dubai Harbour, developed by DAMAC and conceived as the second phase of a Cavalli-branded waterfront series. Positioned on the Arabian Gulf coastline, it comprises two buildings and a total of 20 residences, with construction currently at roughly 26 per cent complete ahead of a Q4 2027 handover.

# The tower and its position within Dubai Harbour

Dubai Harbour occupies a stretch of reclaimed coastline between Dubai Marina and Palm Jumeirah, a district planned for high-density luxury residential development and marina infrastructure. Damac Bay 2 sits within that framework as a 49-floor tower, its height giving upper-floor residences sightlines across the Gulf and back towards the Marina skyline.

The Cavalli collaboration, carried over from the first phase, runs through the architecture and amenity programming rather than functioning merely as branding applied to a generic tower. The building is orientated to maximise water-facing aspects, and the podium levels are where the more unconventional amenity spaces concentrate.

# Residences, layouts and finish

The project holds 20 residences in total, a deliberately low count that keeps floor plates open and corridors quiet. Two-bedroom apartments start at approximately 2,281 sq ft and extend to just under 2,864 sq ft, priced from AED 7.6 million to AED 9.6 million. Three-bedroom homes range considerably: from around 2,105 sq ft at AED 8.3 million at the entry point, rising to larger-format units of 6,212 sq ft priced at AED 26.4 million. Four-bedroom residences reach up to 6,058 sq ft at AED 30.1 million.

The specification is contemporary and unfussy. Flooring throughout is porcelain tile; walls are painted plaster with selected accent finishes; ceilings are partially fitted in gypsum. Kitchens arrive fully fitted, with a refrigerator, cooker, hob and washing machine included. Built-in wardrobes are standard. Everything else is delivered as a blank canvas, which suits buyers intending to engage their own interior designers, a common approach in this price bracket.

Service charges are set at AED 25 to 27 per sq ft, relevant context for investors calculating net yield.

# Amenities shaped by the Cavalli concept

The amenity list is where Damac Bay 2 distinguishes itself from the broader Dubai waterfront market. Alongside the expected infinity pool and yoga area, the programme includes floating spa pods, a floating tents retreat spa, tropical treatment rooms and hot boat tubs. The Jungle Bar and sunken seating areas read as deliberate departures from the rooftop-pool-and-gym formula common to towers of this type.

The Cavalli Museum, Cavalli Art and Fashion Studio, and a virtual fitting room give the building a cultural dimension tied directly to the brand partnership. A cafe and lounge occupy the more conventional end of the ground-level offer. The Organic Water Walkways thread through the podium, connecting the leisure zones at ground level.

# Location and the distances that matter

Dubai Harbour places residents within a compact radius of several key destinations. The South Beach lifestyle facilities are 0.85 km away, roughly a three-minute drive. Marinascape Mall sits 1.7 km to the east, an eight-minute journey. Palm Jumeirah is 6.1 km and twelve minutes by car. Media City Amphitheatre is 2.1 km away.

Raffles Early Childhood Centre in Dubai Marina is 1.3 km from the development, a practical detail for buyers with young children. Dubai International Airport is 31.4 km out, approximately 29 minutes by car under normal conditions, though buyers intending to use the airport regularly should factor in peak-hour traffic on Sheikh Zayed Road.

# Who Damac Bay 2 is built for

The combination of very low unit count, generous floor areas and a service-charge band that reflects genuine running costs points to a product aimed at full-time residents rather than yield-focused investors making quick decisions at a launch event.

European buyers accustomed to Italian or French Riviera properties will find the square footages and water proximity familiar in concept, though at a price point that remains materially lower than comparable coastal addresses in Monaco or the Côte d'Azur. GCC buyers seeking a primary residence with direct waterfront access and a marina lifestyle have comparatively few alternatives at this specification level within Dubai Harbour.

At 26 per cent construction progress with a 2027 completion, there is meaningful time remaining in the build cycle, which presents both a payment schedule consideration and an opportunity to track progress before handover.