Home›Projects›DAMAC CITY 2

DAMAC CITY 2

by PINNACLE REAL ESTATE DEVELOPMENTS L.L.C·AL WASLResidentialFreeholdOff-plan Heavy

Development & Handover Profile

⏳ Not Started

Construction Progress0.1%

Project Start

Jun 26, 2024

Expected Handover

N/A

Official Status

NOT_STARTED

Total Units

725

Avg Unit Size

862 sqft

Freehold Ratio

100%

Escrow Agent

Emirates NBD (ENBD)

Median Price

AED 2.22M

PSF

AED 2,979/sqft

Sales 12M

155

vs Area

-45.9%

Asset Turnover

ⓘ

21.4%

Liquidity (12M)

Physical Inventory Profile

Total Registered Units

725

Avg Unit Size

862 sqft

Studio

15.2%

3BR

0.3%

1BR

58.8%

2BR

25.0%

4BR+

0.4%

Room Configuration

Unit Type	Count	Share
1BR	430	58.8%
2BR	183	25.0%
Studio	111	15.2%
4BR+	3	0.4%
3BR	2	0.3%
NA	2	0.3%

Price & Volume Trend

Unit Liquidity Matrix

Compares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.

Unit Type	Inventory Share	Sales Share (12M)	Demand Index	Status
1BR	59.0% 430 units	54.2% 186 sold	0.92	✓ BALANCED
2BR	25.1% 183 units	20.7% 71 sold	0.82	✓ BALANCED
Studio	15.2% 111 units	24.8% 85 sold	1.63	🔥 HIGH DEMAND
4BR+	0.4% 3 units	0.3% 1 sold	0.75	⚠️ STAGNANT
3BR	0.3% 2 units	0.0% 0 sold	—	⚠️ STAGNANT

Recent Transactions

Date	Area	Rooms	Price	PSF	Status	Ownership
24 Aug 2026	AL WASL	Studio	AED 1.45M	AED 3,703/sqft	Off-plan	Freehold
24 Aug 2026	AL WASL	Studio	AED 1.47M	AED 3,671/sqft	Off-plan	Freehold
24 Aug 2026	AL WASL	1BR	AED 2.36M	AED 2,405/sqft	Off-plan	Freehold
24 Aug 2026	AL WASL	1BR	AED 2.19M	AED 2,985/sqft	Off-plan	Freehold
21 Aug 2026 Published 24 Aug 2026	AL WASL	2BR	AED 3.38M	AED 3,003/sqft	Off-plan	Freehold
19 Aug 2026	AL WASL	2BR	AED 4.03M	AED 3,196/sqft	Off-plan	Freehold
19 Aug 2026	AL WASL	2BR	AED 3.55M	AED 3,015/sqft	Off-plan	Freehold
14 Aug 2026 Published 17 Aug 2026	AL WASL	1BR	AED 2.48M	AED 3,220/sqft	Off-plan	Freehold
14 Aug 2026 Published 17 Aug 2026	AL WASL	2BR	AED 3.07M	AED 2,612/sqft	Off-plan	Freehold
14 Aug 2026 Published 17 Aug 2026	AL WASL	Studio	AED 1.39M	AED 3,553/sqft	Off-plan	Freehold
6 Aug 2026	AL WASL	1BR	AED 2.09M	AED 3,027/sqft	Off-plan	Freehold
6 Aug 2026	AL WASL	1BR	AED 2.37M	AED 3,074/sqft	Off-plan	Freehold
30 Jul 2026 Published 31 Jul 2026	AL WASL	Studio	AED 1.45M	AED 3,677/sqft	Off-plan	Freehold
29 Jul 2026 Published 30 Jul 2026	AL WASL	Studio	AED 1.28M	AED 3,250/sqft	Off-plan	Freehold
29 Jul 2026	AL WASL	1BR	AED 2.53M	AED 2,426/sqft	Off-plan	Freehold
29 Jul 2026 Published 30 Jul 2026	AL WASL	1BR	AED 2.09M	AED 2,710/sqft	Off-plan	Freehold
28 Jul 2026	AL WASL	1BR	AED 2.46M	AED 3,254/sqft	Off-plan	Freehold
27 Jul 2026	AL WASL	1BR	AED 2.21M	AED 2,873/sqft	Off-plan	Freehold
24 Jul 2026 Published 27 Jul 2026	AL WASL	1BR	AED 2.56M	AED 3,329/sqft	Off-plan	Freehold
23 Jul 2026 Published 24 Jul 2026	AL WASL	2BR	AED 3.43M	AED 2,283/sqft	Off-plan	Freehold
23 Jul 2026	AL WASL	1BR	AED 2.26M	AED 2,756/sqft	Off-plan	Freehold
22 Jul 2026	AL WASL	1BR	AED 2.83M	AED 2,946/sqft	Off-plan	Freehold
20 Jul 2026 Published 21 Jul 2026	AL WASL	2BR	AED 3.52M	AED 3,277/sqft	Off-plan	Freehold
20 Jul 2026 Published 21 Jul 2026	AL WASL	1BR	AED 2.12M	AED 2,766/sqft	Off-plan	Freehold
15 Jul 2026	AL WASL	1BR	AED 2.19M	AED 2,852/sqft	Off-plan	Freehold
15 Jul 2026	AL WASL	Studio	AED 1.24M	AED 3,170/sqft	Off-plan	Freehold
9 Jul 2026	AL WASL	Studio	AED 1.26M	AED 3,215/sqft	Off-plan	Freehold
6 Jul 2026	AL WASL	Studio	AED 1.46M	AED 3,687/sqft	Off-plan	Freehold
2 Jul 2026	AL WASL	1BR	AED 2.04M	AED 2,957/sqft	Off-plan	Freehold
2 Jul 2026	AL WASL	1BR	AED 2.13M	AED 2,864/sqft	Off-plan	Freehold