DAMAC «Safa Two»
Off-Plan

DAMAC «Safa Two»

From AED 1.12M·Handover Jun 2027·15% down payment Payment
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AED 1.12M
Starting Price
Jun 2027
Handover
15% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Safa Two is a luxury project by Damac, developed in collaboration with the renowned jewelry brand De Grisogono. The tower consists of a ground level, one podium level, and 68 residential floors. Its architecture is inspired by the elegance of precious stones, with a striking ruby-shaped structure adorning the facade. At the heart of the building lies a unique suspended pool with glass edges. The rooftop features an indoor fog forest, an observatory, and terraces offering panoramic views of Dubai Water Canal and Business Bay. The collection includes studios and one-, two-, and three-bedroom apartments, all designed in an elegant style that emphasizes comfort, functionality, and premium-quality materials. Residents can enjoy various amenities: a 360-degree viewing deck, several beach-style pools, an infinity pool with a shimmering bottom, and lush greenery throughout the property, including on balconies and terraces. The project is located in Dubai’s prime business district, Business Bay. Thanks to its convenient location, Downtown Dubai is 10 minutes away, Jumeirah Beach is 14 minutes away, and Dubai International Airport can be reached in 19 minutes. Nearby is one of the city’s largest parks — Safa Park — offering sports courts, barbecue areas, children’s play zones, and a boating lake.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit TypesStudio, 1 BR, 2 BR, Apartments
AreaBusiness Bay
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 48,199 / year
Cash-on-Cash
2.2%
Levered cashflow AED 11,338
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 72,605 / 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 «Safa Two» launch basis1,241AED 1.12MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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DAMAC «Safa Two» official render 1

DAMAC «Safa Two» official render 1

DAMAC «Safa Two» official render 2

DAMAC «Safa Two» official render 2

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DAMAC «Safa Two» official render 3

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DAMAC «Safa Two» official render 5

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DAMAC «Safa Two» official render 7

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DAMAC «Safa Two» official render 8

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DAMAC «Safa Two» official render 9

DAMAC «Safa Two» official render 10

DAMAC «Safa Two» 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

Artificial Beach
Bar
Dining outlets (coffee houses & restaurants)
Infinity pool
Leisure areas
Lift
Lobby
Pool Deck
Recreational areas
Resting Areas
Retail outlets
Roof Gardens
Shared Pool
Sitting Area
Social zone
Walking paths

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

DAMAC «Safa Two» by Damac Properties

02

Located in Business Bay

03

Starting from AED 1,117,000

04

Unit mix includes Studio, 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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