DAMAC City 2

1. Is it on schedule?0% built in July 2026; the register gives no handover date · DLD project register, Jul 20260%Context
2. Is my money protected?Payments go to an escrow account at بنك الإمارات دبي الوطني (ش.م.ع), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 3,021/sqft, 6.2% below the Al Wasl off-plan median across 9 projects-6.2%Context
4. Is it selling?290 off-plan sales registered in the last 12 months, of 729 units; the latest on 12 Oct 2026290Context
5. Who is building it?The register names the master developer, Meraas; the builder is not recordedNo record

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك الإمارات دبي الوطني (ش.م.ع)

Master developer

Meraas

Registered start

June 2024

Configuration

Project consists of G+5P+50+R Floors residential. It is designed to have a concrete structure and block with internal and external finishes.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

What does DAMAC City 2 cost per square foot?

AED 3,021 per sqft, the median of 290 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.24M. That is 6.2% below the Al Wasl off-plan median across 9 projects.

Is DAMAC City 2 in escrow?

Yes: the Land Department register names بنك الإمارات دبي الوطني (ش.م.ع) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of DAMAC City 2?

The register names the master developer, Meraas, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does DAMAC City 2 have?

729 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.