Damac Bay is a luxurious residential project presented by the well-known real estate development company Damac, which has chosen a unique location in Dubai Marina with exceptional upscale services and features that perfectly align with the distinguished and massive project.
It has been introduced by Damac in collaboration with the global fashion brand, Cavalli, to provide customers with a comfortable living experience on a charming waterfront, accompanied by the beauty and serenity of the sea.
All of this comes at competitive prices, so that the customer can acquire their luxurious dream home.
The design is also breathtaking and spectacular, where the customer can experience all aspects of the sea while living. The interior design is stunning, and the exterior is as well.
An overview of Damac Bay project
- Project Name: Damac Bay.
- Project Overview: damac bay is a luxurious residential project, developed by Damac Properties in collaboration with Cavalli, designed elegantly with complete luxurious amenities and features.
- Project Location: Harbor area in Dubai Emirate.
- Unit Types: Luxurious residential apartments and duplex units.
- Total unit area: Starting from 663 square feet.
- Developer: Damac Properties.
- Cash unit price: Starting from 2,900,000 EAD.
- Payment Plans: Flexible payment plans starting from a 20% down payment only.
- Installment Years: Extended and with unequal payment systems.
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An overview of the real estate development company Damac
Damac Properties, a real estate development company, was founded in 2002. Since then, the company has aimed to introduce a new concept of luxury real estate to the entire Middle East region.
It has been able to offer huge projects that are both luxurious and entertaining, and has presented many commercial and residential projects that have become the recreational destination in the country where it establishes a project.
Previous projects of the real estate development company Damac
- Establishing Golf communities in Golf Panorama, Golf Boutique, and Royal Golf Villas projects.
- Established the Sultan Qaboos Port in Muscat, Oman.
- The DAMAC Marina Tower in Qatar.
- Executing the DAMAC Heights project in Dubai Marina.
- Establishing DAMAC Tower in Jordan.
- Creating DAMAC Towers in Saudi Arabia.
The location of damac bay
Damac Properties was able to make its largest project site, damac bay, located in a unique and upscale location, characterized by luxury and distinction.
It is situated in the heart of Dubai’s harbor, specifically in the Harbor area, which is considered a historical development for entertainment and luxury lifestyle in Dubai.
It includes luxury hotels, distinguished places, basic services, and unique landmarks within the emirate of Dubai.
The places near damac bay
- Only a few minutes separate damac bay from the famous Jumeirah Beach area in Dubai.
- The project is very close to the Bounty Beets area, in addition to the Fish Beach Taverna area, which is famous for its international cuisine.
- damac bay directly overlooks Dubai’s International Marine Club.
- The project enjoys a charming view of the GBR beach.
- It is directly located on the promenade of Dubai Marina.
The design, area, and types of units inside damac bay
When the global fashion house Cavalli collaborates with the real estate development company Damac on a project, its design must be sophisticated and luxurious.
The design of damac bay perfectly reflects its ideal location, as all nautical elements were incorporated into its exterior and interior design.
All residential units were executed in the form of seashells, pearls, and adorned with emerald embellishments.
The damac bay project consists of three towers, two of which are 44 stories high. The units within the project are diverse and include the following:
- Luxury apartments consisting of one or three bedrooms, starting from the second floor up to the 32nd floor.
- Luxurious duplex units starting from three to five bedrooms, occupying the 33rd to the 42nd floor.
- The real estate developer has presented a golden opportunity for privacy enthusiasts to purchase an entire floor.
- The spaces within the damac bay project range from 336 square feet to 6,582.
Services and features of damac bay
The project offers exceptional luxury services and features, including:
- Building an internal bridge between the towers with blue water to create a beautiful artistic masterpiece.
- Medical services are available within the project, including a doctor on duty in each tower.
- The project has a system of security and guarding, from the gates to the surveillance cameras and trained security personnel.
- damac bay has its own private beach, which provides privacy.
- There are dedicated spaces in the rooftop area for cultural events such as opera and more.
- The project boasts the presence of a rooftop swimming pool, which is exclusive to each tower.
- The dancing fountains are beautifully spread around Damac Bay.
- Ownership of the units grants a ten-year golden visa to those who invest in the damac bay project.
- Damac Bay features virtual education, which includes lectures and study hours for different educational stages, through display screens on the latest technology.
- The project includes a range of floating work areas, including offices and commercial shops.
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Prices, reservation, payment, and installment systems for units in damac bay
Damac Properties, a real estate development company, has set prices for ownership of residential units within its massive damac bay by Paramount project.
These prices are not competitive, especially with the immediate payment system.
The starting price for a unit with this system is 2,900,000 EAD, and it goes up to 14,200,000 EAD.
A service fee must be paid within the Damac project, ranging from 18 to 22 EAD.
As for the payment plans and installment years, they are uneven and as follows:
- The customer can pay 20% of the unit’s value, and the installment years will be announced by the company upon contracting.
- During the construction phase, the customer pays 60% of the remaining amount, with installment years to be disclosed upon contracting.
- The customer pays the remaining 20% of the amount after the residential unit is delivered.
- The company has not announced the installment years because they vary based on the unit type, floor, and area.