DAMAC City 2 rents
- 9 new leases and 19 renewals in 12 months
- 729 units
- Al Wasl
A one-bed here leases for about AED 70,000 a year, 52% below the typical Al Wasl one-bed. New tenants pay more than renewing ones, who pay AED 61,398.
1 bed · typical new lease
70,000AEDa year
AED 81/sqft · +2.9% on a year
- A month, roughly
- AED 5,833
- Renewal
- AED 61,398
- vs Al Wasl 1 bed
- 52% below the median
- New leases, 12 months
- 7
What should a lease in DAMAC City 2 cost?A one-bed leases for about AED 70,000 a year; new tenants pay 14.0% more than renewing ones
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Al Wasl median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A one-bed here now costs 2.9% more than a year earlier: AED 70,000 against 68,000.
Chart data, 1 bed: Apr 2011, AED 38,049; latest, Sep 2026, AED 69,000; peak, Apr 2022, AED 100,000.
28 contracts starting on or after 12 Oct 2025.
About DAMAC City 2A 57-floor tower in Al Wasl
DAMAC City 2 is an under-construction (0% built) apartment building in Al Wasl. 28 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Floors
- 57
- Lifts
- 9
- Parking bays
- 895
Nearest, as registered
Letting a unit in DAMAC City 2?4% of units here signed a yearly lease in 12 months; new tenants pay more than renewing ones
- Units on a yearly lease
- 4%Watch
- 28 leases, new and renewed, across 729 units
- New tenant vs renewal
- +11.5%
- New leases AED 70,000, renewals 62,796, all types
Ejari leases to 12 Oct 2026
Thinking of selling? DAMAC City 2 sale prices →Comparables in Al Wasl
Every Al Wasl building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. DAMAC City 2 places 12th of 12; the nearest 4 are shown.
Rank 1 is the dearest per square foot. Differences are against DAMAC City 2.
Market context in Al Wasl
Registered sales activity
80 ready apartment sales in the 12 months to 2026-10-12.
+9.8% in median AED/sqft versus the preceding year, supported by 80 current and 327 prior price observations.
Explore sales activityPlanned apartment projects
659 known registered units across 3 pending projects planned within one year of the 2026-07-06 register.
3 projects had already passed their planned date; 2 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
790 apartments are planned in Al Wasl from 2026 to 2028, equal to 97% of the 816 homes let there today.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
Nearby in Al Wasl
Prices per sq ft around DAMAC City 2, on the mapPrices per sq ft around DAMAC City 2, on the map
CF7 - A
Al Wasl · 105 contracts, 12 months
210,000
AED a year median · 143/sqft
CF9 - A
Al Wasl · 105 contracts, 12 months
210,000
AED a year median · 143/sqft
Canal Front Residences CF8
Al Wasl · 105 contracts, 12 months
210,000
AED a year median · 143/sqft
CF7 - B
Al Wasl · 105 contracts, 12 months
210,000
AED a year median · 143/sqft
Ask about DAMAC City 2
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Common questions
- What is the registered annual rent for a 1 bedroom in DAMAC City 2?
- The median new annual rent is AED 70,000, from 7 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in DAMAC City 2 risen or fallen?
- The median new annual rent changed +2.9% in the trailing 12 months against the previous 12, using 7 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- Do new tenants in DAMAC City 2 pay more than sitting ones?
- A new tenant pays +14.0% against a renewing one, across 18 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.
- How many apartments change hands in DAMAC City 2?
- 171 sales were registered with the Dubai Land Department in the last 12 months, alongside 7 Ejari rental contracts. Every median on this page rests on those counts.
- What is the rental yield in DAMAC City 2?
- DAMAC City 2 returns 3.1% gross: a median new-contract rent of AED 70,000 a year (7 Ejari contracts in 12 months) over a price benchmark of AED 2.26M (median of 171 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.
For agents
Send this page to a client as a branded report
DAMAC City 2 rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 7 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts
- Canonical record
- /rent/apartments/dubai/al-wasl/damac-city-2
Cite as: Dubai Wealth Index. “DAMAC City 2 rents and yield.” Al Wasl, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/al-wasl/damac-city-2
Stable dataJSON