DAMAC Bay

1. Is it on schedule?16% built in July 2026 against a January 2027 handover: 84% left to build in 6 months · DLD project register, Jul 202616%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 3,412/sqft, 24.3% below the Dubai Harbour off-plan median across 14 projects-24.3%Context
4. Is it selling?48 off-plan sales registered in the last 12 months, of 1,069 units; the latest on 5 Oct 202648Context
5. Who is building it?The register names the master developer, Shamal Real Estate; 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

Shamal Real Estate

Registered start

April 2023

Configuration

Building 1 (Tower A): 47F+3MECH+R, Building 2 (Tower B): 47+3MECH+R, Building 3 (Tower C): 48F+3MECH+R and Shared (Basement + Podium): 3B+G+3P+1F

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.

When will DAMAC Bay be completed?

The developer registered handover for January 2027, 6 months after DLD’s latest record, and the project was 16% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does DAMAC Bay cost per square foot?

AED 3,412 per sqft, the median of 48 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 3.98M. That is 24.3% below the Dubai Harbour off-plan median across 14 projects.

Is DAMAC Bay 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 Bay?

The register names the master developer, Shamal Real Estate, 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 Bay have?

1,069 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.