Home›Projects›DAMAC CITY

DAMAC CITY

by J A PARKS L.L.C·DUBAI WATER CANALResidentialFreeholdOff-plan Heavy

Development & Handover Profile

⚠️ Past Expected Date

Construction Progress37.9%

Project Start

Jun 1, 2022

Expected Handover

Dec 30, 2025

Official Status

ACTIVE

Total Units

511

Avg Unit Size

1482 sqft

Freehold Ratio

100%

Escrow Agent

Emirates NBD (ENBD)

Median Price

AED 2.57M

PSF

AED 2,251/sqft

Sales 12M

vs Area

-28.3%

Asset Turnover

ⓘ

1.2%

Liquidity (12M)

Physical Inventory Profile

Total Registered Units

511

Avg Unit Size

1482 sqft

1BR

40.1%

2BR

48.7%

4BR+

2.0%

3BR

8.8%

0.4%

Room Configuration

Unit Type	Count	Share
2BR	249	48.7%
1BR	205	40.1%
3BR	45	8.8%
4BR+	10	2.0%
NA	2	0.4%

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
2BR	48.9% 249 units	46.0% 23 sold	0.94	✓ BALANCED
1BR	40.3% 205 units	46.0% 23 sold	1.14	✓ BALANCED
3BR	8.8% 45 units	6.0% 3 sold	0.68	⚠️ LOW DEMAND
4BR+	2.0% 10 units	2.0% 1 sold	1.00	⚠️ STAGNANT

Recent Transactions

Date	Area	Rooms	Price	PSF	Status	Ownership
10 Oct 2026 Published 12 Oct 2026	DUBAI WATER CANAL	1BR	AED 1.87M	AED 2,232/sqft	Off-plan	Freehold
9 Oct 2026 Published 12 Oct 2026	DUBAI WATER CANAL	1BR	AED 1.81M	AED 2,161/sqft	Off-plan	Freehold
9 Oct 2026	DUBAI WATER CANAL	1BR	AED 2.90M	AED 2,482/sqft	Off-plan	Freehold
31 Aug 2026 Published 1 Sep 2026	DUBAI WATER CANAL	3BR	AED 5.37M	AED 2,533/sqft	Off-plan	Freehold
9 Jun 2026	DUBAI WATER CANAL	1BR	AED 2.30M	AED 2,745/sqft	Off-plan	Freehold
6 Jun 2026 Published 8 Jun 2026	DUBAI WATER CANAL	1BR	AED 1.84M	AED 2,192/sqft	Off-plan	Freehold
18 May 2026	DUBAI WATER CANAL	1BR	AED 2.32M	AED 2,765/sqft	Off-plan	Freehold
18 May 2026	DUBAI WATER CANAL	2BR	AED 4.59M	AED 2,695/sqft	Off-plan	Freehold
14 May 2026	DUBAI WATER CANAL	1BR	AED 2.14M	AED 2,553/sqft	Off-plan	Freehold
14 May 2026	DUBAI WATER CANAL	2BR	AED 4.56M	AED 2,098/sqft	Off-plan	Freehold
14 May 2026	DUBAI WATER CANAL	2BR	AED 4.27M	AED 2,673/sqft	Off-plan	Freehold
5 May 2026	DUBAI WATER CANAL	1BR	AED 2.23M	AED 2,663/sqft	Off-plan	Freehold
4 May 2026	DUBAI WATER CANAL	1BR	AED 1.87M	AED 2,232/sqft	Off-plan	Freehold
28 Apr 2026	DUBAI WATER CANAL	1BR	AED 2.72M	AED 3,245/sqft	Off-plan	Freehold
17 Apr 2026 Published 20 Apr 2026	DUBAI WATER CANAL	2BR	AED 9.71M	AED 3,520/sqft	Off-plan	Freehold
15 Apr 2026	DUBAI WATER CANAL	1BR	AED 2.30M	AED 2,745/sqft	Off-plan	Freehold
9 Apr 2026	DUBAI WATER CANAL	2BR	AED 6.68M	AED 2,710/sqft	Off-plan	Freehold
7 Apr 2026	DUBAI WATER CANAL	2BR	AED 6.74M	AED 2,639/sqft	Off-plan	Freehold
30 Mar 2026	DUBAI WATER CANAL	2BR	AED 3.28M	AED 2,119/sqft	Off-plan	Freehold
27 Mar 2026	DUBAI WATER CANAL	2BR	AED 3.16M	AED 2,191/sqft	Off-plan	Freehold
27 Mar 2026	DUBAI WATER CANAL	1BR	AED 1.87M	AED 2,232/sqft	Off-plan	Freehold
27 Mar 2026	DUBAI WATER CANAL	1BR	AED 1.81M	AED 2,161/sqft	Off-plan	Freehold
27 Mar 2026	DUBAI WATER CANAL	2BR	AED 4.12M	AED 2,086/sqft	Off-plan	Freehold
27 Mar 2026	DUBAI WATER CANAL	2BR	AED 3.90M	AED 2,190/sqft	Off-plan	Freehold
27 Mar 2026	DUBAI WATER CANAL	2BR	AED 4.27M	AED 1,990/sqft	Off-plan	Freehold
27 Mar 2026	DUBAI WATER CANAL	1BR	AED 1.87M	AED 2,232/sqft	Off-plan	Freehold
27 Mar 2026	DUBAI WATER CANAL	1BR	AED 1.87M	AED 2,232/sqft	Off-plan	Freehold
27 Mar 2026	DUBAI WATER CANAL	1BR	AED 1.87M	AED 2,232/sqft	Off-plan	Freehold
27 Mar 2026 Published 30 Mar 2026	DUBAI WATER CANAL	2BR	AED 11.10M	AED 3,269/sqft	Off-plan	Freehold
27 Mar 2026	DUBAI WATER CANAL	1BR	AED 1.81M	AED 2,162/sqft	Off-plan	Freehold