About DAMAC City 2
DAMAC City 2 is a residential tower by Pinnacle Real Estate Developments, in Al Wasl, Dubai. It rises 56 storeys (a ground floor, 5 podium levels, 50 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 725 homes.
Key information
Developer
Pinnacle Real Estate Developments
- Expected handover
- TBC
- Status
- Not started
- Location
- Al Wasl, Dubai
- Master project
- Dubai Water Canal
- Construction started
- 2024
- Number of buildings
- 1
- Number of units
- 725
- Registered with DLD
- 26 Apr 2024
- Escrow bank
- Emirates NBD
- Escrow account no.
- 0205852976702
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2024
- Under construction6% complete
- Expected handoverTBC
Construction progress
14 inspection photos from the Dubai Land Department. Latest 09 Apr 2026 at 6% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Covered Parking
9 Elevators
57 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
552
Median price
AED 2.3M
Median price / sqft
AED 3K-1%
Off-plan share
100%
Priced 28% above than the Al Wasl median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 107 | 395 sqft | AED 1.3M | AED 3K |
| 1 Bed | 300 | 777 sqft | AED 2.3M | AED 3K |
| 2 Bed | 144 | 1,160 sqft | AED 3.4M | AED 3K |
| 5 Bed | 1 | 5,381 sqft | AED 26.2M | AED 5K |
Price per sqft by year
-1% since 2025AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 09 Sept 2026 | Off-plan | 963 sqft | AED 2.7M | AED 3K |
| 09 Sept 2026 | Off-plan | 846 sqft | AED 2.1M | AED 3K |
| 04 Sept 2026 | Off-plan | 1,174 sqft | AED 2.9M | AED 2K |
| 31 Aug 2026 | Off-plan | 395 sqft | AED 1.4M | AED 3K |
| 31 Aug 2026 | Off-plan | 968 sqft | AED 2.6M | AED 3K |
| 24 Aug 2026 | Off-plan | 733 sqft | AED 2.2M | AED 3K |
| 24 Aug 2026 | Off-plan | 399 sqft | AED 1.5M | AED 4K |
| 24 Aug 2026 | Off-plan | 1,124 sqft | AED 3.4M | AED 3K |
Unit mix
731 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Commercial | 2 | - |
| Studio | 111 | 392 - 408 sqft |
| 1 B/R | 430 | 691 - 1,687 sqft |
| 2 B/R | 183 | 1,014 - 1,853 sqft |
| 3 B/R | 2 | 3,142 - 3,144 sqft |
| 5 B/R | 3 | 4,971 - 5,381 sqft |
Payment plan
Payment plans are set by Pinnacle Real and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Al Wasl, Dubai.
Al Wasl
Dubai, United Arab Emirates
Frequently asked questions
DAMAC City 2 has a planned handover of a date not yet on the register, and the latest DLD inspection puts construction at 6% complete.
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