Damac · Dubai Marina · handover Q4 2028
Damac Bay 2 payment plan, price and handover
Damac Bay 2 by Damac in Dubai Marina, Dubai is sold on a 5/55/40 payment plan. On the cheapest unit, starting from AED 4.12M, that is AED 4.12M (100%) paid by handover in Q4 2028. Handover is 25 months away.
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The Damac Bay 2 payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On Booking | 5% |
| During Construction | 55% |
| On completion | 40% |
On the cheapest unit (2 BR, 931 sqft, AED 4.12M)
| On Booking | AED 205,750 |
| During Construction | AED 2,263,250 |
| On completion | AED 1,646,000 |
| Total (100%) | AED 4,115,000 |
| Months to handover | 25 |
Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 4,115,000. Registration and other fees are not included.
The Damac Bay 2 instalment schedule, line by line
Every instalment Damac publishes for Damac Bay 2, in order, with the charges listed alongside the plan.
Payment plan
Published by Damac
| Stage | Instalment | Share | On AED 4,115,000 |
|---|---|---|---|
| On Booking5% | On Booking | 5% | AED 205,750 |
| DLD fee | 4% | AED 164,600 | |
| During Construction55% | 1st month installment | 10% | AED 411,500 |
| 3rd month installment | 5% | AED 205,750 | |
| 4th month installment | 1% | AED 41,150 | |
| 5th month installment | 1% | AED 41,150 | |
| 6th month installment | 1% | AED 41,150 | |
| 7th month installment | 1% | AED 41,150 | |
| 8th month installment | 6% | AED 246,900 | |
| 9th month installment | 1% | AED 41,150 | |
| 10th month installment | 1% | AED 41,150 | |
| 11th month installment | 1% | AED 41,150 | |
| 12th month installment | 1% | AED 41,150 | |
| 13th month installment | 6% | AED 246,900 | |
| 14th month installment | 1% | AED 41,150 | |
| 15th month installment | 1% | AED 41,150 | |
| 16th month installment | 1% | AED 41,150 | |
| 17th month installment | 1% | AED 41,150 | |
| 18th month installment | 1% | AED 41,150 | |
| 19th month installment | 1% | AED 41,150 | |
| 20th month installment | 6% | AED 246,900 | |
| 21st month installment | 1% | AED 41,150 | |
| 22nd month installment | 1% | AED 41,150 | |
| 23rd month installment | 1% | AED 41,150 | |
| 24th month installment | 1% | AED 41,150 | |
| 25th month installment | 1% | AED 41,150 | |
| 26th month installment | 3% | AED 123,450 | |
| On completion40% | On completion | 40% | AED 1,646,000 |
| Total of the plan | 100% | AED 4,115,000 | |
Lines marked fee (DLD fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.
Instalments and charges as published by Damac; the dirham column applies each percentage to the published starting price of AED 4,115,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Damac Bay 2
The same plan, applied to the starting price Damac publishes for each size in the building.
| Unit | From | On Booking (5%) | During Construction (55%) | On completion (40%) |
|---|---|---|---|---|
| 2 bedfrom 931 sq ft | AED 4,115,000 | AED 205,750 | AED 2,263,250 | AED 1,646,000 |
| 3 bedfrom 2,106 sq ft | AED 8,338,000 | AED 416,900 | AED 4,585,900 | AED 3,335,200 |
| 4 bedfrom 5,879 sq ft | AED 29,809,000 | AED 1,490,450 | AED 16,394,950 | AED 11,923,600 |
Starting price per size as published by Damac; each column is that size’s published starting price multiplied by the stage percentage above.
What it costs to register Damac Bay 2
The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Damac and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.
| Unit | From | Land Department 4% |
|---|---|---|
| 2 bed | AED 4,115,000 | AED 164,600 |
| 3 bed | AED 8,338,000 | AED 333,520 |
| 4 bed | AED 29,809,000 | AED 1,192,360 |
4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.
Everything else on Damac Bay 2
Damac Bay 2 payment plan: questions buyers ask
- What is the payment plan for Damac Bay 2?
- Damac Bay 2 by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% on completion, as published by the developer.
- How much is the booking amount for Damac Bay 2?
- 5% of the price. On the cheapest unit at AED 4.12M that is AED 205,750.
- How much do I pay before I get the keys to Damac Bay 2?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 4.12M that is AED 4.12M by handover in Q4 2028.
- Does Damac Bay 2 have a post-handover payment plan?
- No. The published plan completes at handover in Q4 2028. If you sell before handover, this is how it works.
- What are the registration fees on Damac Bay 2?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 4.12M that is AED 164,600. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
- When is the handover of Damac Bay 2?
- Damac publishes Q4 2028, which is 25 months from now.
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Other Damac payment plans
starting from
AED 4.12M
handover Q4 2028