Home›Projects›DAMAC CITY 2

DAMAC CITY 2

by PINNACLE REAL ESTATE DEVELOPMENTS L.L.C·DUBAI WATER CANALResidentialFreeholdOff-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 2.32M

PSF

AED 3,030/sqft

Sales 12M

105

vs Area

-35.3%

Asset Turnover

ⓘ

14.5%

Liquidity (12M)

Physical Inventory Profile

Total Registered Units

725

Avg Unit Size

862 sqft

Studio

15.2%

0.3%

3BR

0.3%

2BR

25.0%

1BR

58.8%

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%
NA	2	0.3%
3BR	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	59.0% 171 sold	1.00	✓ BALANCED
2BR	25.1% 183 units	17.6% 51 sold	0.70	⚠️ LOW DEMAND
Studio	15.2% 111 units	23.1% 67 sold	1.52	🔥 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
14 Oct 2026	AL WASL	1BR	AED 2.08M	AED 2,431/sqft	Off-plan	Freehold
9 Oct 2026 Published 12 Oct 2026	AL WASL	1BR	AED 2.36M	AED 3,219/sqft	Off-plan	Freehold
9 Oct 2026 Published 12 Oct 2026	AL WASL	1BR	AED 2.36M	AED 3,219/sqft	Off-plan	Freehold
9 Oct 2026 Published 12 Oct 2026	AL WASL	1BR	AED 2.42M	AED 3,156/sqft	Off-plan	Freehold
9 Oct 2026 Published 12 Oct 2026	AL WASL	1BR	AED 2.45M	AED 3,194/sqft	Off-plan	Freehold
9 Oct 2026 Published 12 Oct 2026	AL WASL	1BR	AED 2.39M	AED 3,160/sqft	Off-plan	Freehold
7 Oct 2026 Published 8 Oct 2026	AL WASL	1BR	AED 2.42M	AED 3,092/sqft	Off-plan	Freehold
7 Oct 2026 Published 8 Oct 2026	AL WASL	1BR	AED 2.12M	AED 2,734/sqft	Off-plan	Freehold
2 Oct 2026 Published 5 Oct 2026	AL WASL	1BR	AED 2.38M	AED 3,288/sqft	Off-plan	Freehold
2 Oct 2026 Published 5 Oct 2026	AL WASL	1BR	AED 2.20M	AED 2,862/sqft	Off-plan	Freehold
1 Oct 2026	AL WASL	1BR	AED 2.12M	AED 2,758/sqft	Off-plan	Freehold
29 Sep 2026	AL WASL	1BR	AED 1.97M	AED 2,358/sqft	Off-plan	Freehold
25 Sep 2026 Published 28 Sep 2026	AL WASL	1BR	AED 2.39M	AED 2,430/sqft	Off-plan	Freehold
24 Sep 2026	AL WASL	2BR	AED 3.37M	AED 3,090/sqft	Off-plan	Freehold
24 Sep 2026	AL WASL	1BR	AED 2.54M	AED 3,302/sqft	Off-plan	Freehold
21 Sep 2026	AL WASL	1BR	AED 2.55M	AED 3,102/sqft	Off-plan	Freehold
21 Sep 2026	AL WASL	1BR	AED 2.40M	AED 3,062/sqft	Off-plan	Freehold
18 Sep 2026 Published 21 Sep 2026	AL WASL	1BR	AED 2.56M	AED 3,120/sqft	Off-plan	Freehold
18 Sep 2026 Published 21 Sep 2026	AL WASL	1BR	AED 2.40M	AED 3,104/sqft	Off-plan	Freehold
18 Sep 2026	AL WASL	1BR	AED 1.99M	AED 2,380/sqft	Off-plan	Freehold
17 Sep 2026	AL WASL	1BR	AED 2.40M	AED 3,118/sqft	Off-plan	Freehold
17 Sep 2026	AL WASL	1BR	AED 2.55M	AED 3,111/sqft	Off-plan	Freehold
15 Sep 2026	AL WASL	1BR	AED 2.38M	AED 3,118/sqft	Off-plan	Freehold
15 Sep 2026	AL WASL	1BR	AED 2.44M	AED 2,845/sqft	Off-plan	Freehold
15 Sep 2026	AL WASL	1BR	AED 2.39M	AED 2,886/sqft	Off-plan	Freehold
9 Sep 2026	AL WASL	1BR	AED 2.65M	AED 2,754/sqft	Off-plan	Freehold
9 Sep 2026	AL WASL	1BR	AED 2.14M	AED 2,532/sqft	Off-plan	Freehold
3 Sep 2026 Published 4 Sep 2026	AL WASL	2BR	AED 2.86M	AED 2,439/sqft	Off-plan	Freehold
31 Aug 2026	AL WASL	1BR	AED 2.62M	AED 2,710/sqft	Off-plan	Freehold
31 Aug 2026	AL WASL	Studio	AED 1.38M	AED 3,489/sqft	Off-plan	Freehold