Damac Bay

This 5-bedroom penthouse at Damac Bay by Damac Properties offers 10,053 sq ft in Dubai Harbour, priced from AED 73,036,000 (about AED 7,265 per sq ft), with handover expected in Q1 2027.

Damac Bay is a seafront Damac Properties development, designed with Cavalli, on the Dubai Harbour waterfront off King Salman Bin Abdulaziz Al Saud Street, with 1, 2 and 3-bedroom apartments and 3 and 5-bedroom duplexes with private pools; sales opened in April 2023. The Dubai Land Department lists it as project 2559 (Damac J R Two Investment L.L.C), registered in January 2023 with 1,087 units: 1,069 homes (638 one-bedroom, 269 two-bedroom, 138 three-bedroom, 10 four-bedroom, 8 five-bedroom and 6 penthouses) and 18 commercial units. Construction stood at 33.76% at the latest DLD inspection on 18 August 2026. Facilities include a shared pool and spa, a gym, sports facilities, a business centre, entertainment areas and waterfront dining.

Dubai Marina, JBR, Bluewaters and Palm Jumeirah are all close by.

A five-bedroom penthouse suits a buyer who wants a very large sea-facing home in Dubai Harbour, with room for a large family and staff.

What is the payment plan for Damac Bay? 20% on booking, 40% during construction and 40% on handover. Dubai Land Department registration adds 4% of the purchase price.

How does the price compare with Dubai Harbour? Registered sales in Dubai Harbour had a median of AED 3,544 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 279 sales). At about AED 7,265 per sq ft, this penthouse is priced at roughly 2 times that median.

What rental yield can investors expect in Dubai Harbour? The median annual rent was AED 120,000, a gross yield of about 3% over the same period (Dubai Land Department, 14,249 Ejari contracts in Marsa Dubai). Actual returns depend on the unit, floor and market at handover.

When will Damac Bay be completed? Our feed lists handover in Q1 2027.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.