DAMAC «Harbour Lights»
Off-Plan

DAMAC «Harbour Lights»

From AED 1.85M·Handover Jun 2027·15% down payment Payment
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AED 1.85M
Starting Price
Jun 2027
Handover
15% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Harbour Lights is a premium development by Damac Properties, featuring an elegant tower with a ground level and 52 residential floors. The architectural design was created in collaboration with the renowned jewelry brand De Grisogono. Located in the prestigious Maritime City district, the project offers luxury two and three-bedroom apartments with stunning views of the Arabian Gulf. Inspired by the grandeur of cruise liners, the building’s exterior and interior are crafted from high-quality materials, with soft marine tones enhancing the sense of refined elegance and comfort throughout each residence. To ensure the highest level of comfort, the complex offers world-class amenities. These include a swimming pool, a fully equipped gym, and a landscaped garden with recreation zones and barbecue areas. The entire development is secured by 24-hour surveillance and a professional security team, providing residents with peace of mind. Harbour Lights enjoys a strategic location between Port Rashid and Dubai's Drydocks World. Within just 5 minutes, residents can reach Dubai’s popular La Mer Beach and the Mina Rashid waterfront. Downtown Dubai, Dubai Mall, and the iconic Burj Khalifa are accessible within 15 minutes by car, as is Dubai International Airport, making this an ideal location for a vibrant and well-connected lifestyle.

Project Specifications
DeveloperDamac Properties
LocationDubai Maritime City
Unit Types1 BR, 2 BR, Apartments
AreaDubai Maritime City
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 79,828 / year
Cash-on-Cash
2.2%
Levered cashflow AED 18,778
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 120,250 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
DAMAC «Harbour Lights» launch basis2,056AED 1.85MCurrent launch / asking basis
Dubai Maritime City ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Maritime City premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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DAMAC «Harbour Lights» official render 1

DAMAC «Harbour Lights» official render 1

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DAMAC «Harbour Lights» official render 2

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DAMAC «Harbour Lights» official render 9

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DAMAC «Harbour Lights» official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

15% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Children’s pool
Dining outlets (coffee houses & restaurants)
Leisure areas
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Dubai Maritime City

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai Maritime CityDubai Maritime CityDubai, UAE

Developer Track Record

01

DAMAC «Harbour Lights» by Damac Properties

02

Located in Dubai Maritime City

03

Starting from AED 1,850,000

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Jun 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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