1BR Apartment in Damac Bay, Dubai Harbour

This 1-bedroom apartment at Damac Bay by Damac Properties offers 1,304 sq ft in Dubai Harbour, priced from AED 3,939,000 (about AED 3,021 per sq ft).

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.

The 1-bedroom layout suits professionals and investors who want a sea-facing home with an earlier 2027 handover.

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 3,021 per sq ft, this unit is around 15% below 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? The Dubai Land Department still lists 15 January 2027, matching the Q1 2027 date in our feed, but construction was only at 33.76% in August 2026, so a later handover is likely. Confirm the latest date with Damac.

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