New homes in Damac Islands 2 start at AED 2,746,000; keys are due Dec 2028; you pay 20% to book, 55% while it is built and 25% at the keys.
Keys
Dec 2028
The developer's handover date
Payment plan
20 / 55 / 25
20% to book, 55% while it is built, 25% at the keys
Bedrooms
4 to 6 beds
Sizes
2,186 to 6,276 sq ft
Ownership
Freehold
Property types
Villa and Townhouse
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 1,256 per sq ft
At the smallest size listed
RERA project
3507
Check it in Dubai REST, the Dubai Land Department's official app.
Built
1%
Being built. DLD register, Jun 12, 2026
Completion on the register
Dec 2028
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
بنك الإمارات دبي الوطني (ش.م.ع)
The bank that holds your payments
Paying for it
You pay 20% when you book, 55% as the building goes up, and 25% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
20%
AED 549,200
Feb 2027
While it is built
6.9%
AED 188,788
May 2027
While it is built
6.9%
AED 188,788
Jul 2027
While it is built
6.9%
AED 188,788
Oct 2027
While it is built
6.9%
AED 188,788
Jan 2028
While it is built
6.9%
AED 188,788
Apr 2028
While it is built
6.9%
AED 188,788
Jun 2028
While it is built
6.9%
AED 188,788
Sep 2028
While it is built
6.9%
AED 188,788
Dec 2028
Keys
25%
AED 686,500
Booking payment, 20%
AED 549,200
Dubai Land Department fee (Oqood), 4%
AED 109,840
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 659,040
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask DAMAC Properties for the estimate.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Al Yelayiss 1 in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
4-bed villaFrom AED 2,746,000 here
Off-plan medianAED 2,824,000AED 1,822 per sq ft
Sales2,286
Can't check this price
5-bed villa
Off-plan medianAED 4,157,000AED 1,941 per sq ft
Sales1,211
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
7.3%
Typical for similar ready homes
4.8%
Median rent of 4-bed villas in Al Yelayiss 1
AED 200,000 a year
Rent contracts counted
161
Rented between
Apr 1, 2025 and Mar 31, 2026
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 200,000 ÷ AED 2,746,000 = 7.3%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
Damac Islands 2 is a DAMAC Properties community of four- to six-bedroom villas and townhouses in Dubailand, from AED 2,746,000 with the listed handover in December 2028. Three quarters of the price is due before handover, and the developer plans island-themed leisure across the master community.
The developer plans a Jungle River, an Aqua Dome and a Wildlife Park for the master community, with kayaking, paddle boarding, ziplining, a hot spring spa and floating decks on the water. Outdoor fitness areas and calisthenics setups are listed too. Residents of the homes get a gym, a shared pool, a children's pool, a play area and covered parking, and the listing mentions water views. Ask which community facilities will be open at handover.
The plan is 20% on booking, 55% during construction and 25% at handover. At the from price that is AED 549,200 on booking, AED 1,510,300 during construction and AED 686,500 at handover, listed for December 2028. Separately, the 4% DLD fee comes to AED 109,840; ask when it is due. Ask for the dated payment schedule for the 55% construction stage.
Four-bedroom homes are about 2,186 sq ft, five-bedroom homes about 3,158 sq ft and six-bedroom homes about 6,276 sq ft. An American Hospital clinic is about 2.7 km away and Gems Metropole School about 3.9 km, around 8 minutes by car, and Dwight School Dubai about 9.1 km, around 18 minutes. Arabian Ranches Golf Club is about 6.1 km away, and Jumeirah Golf Estates Metro Station about 15.7 km, around 31 minutes by car. Umm Suqeim beach, by the Burj Al Arab, is about 18.1 km away, around 36 minutes by car.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
4 BR
5 BR
6 BR
How prices moved
Median price of 4-bed villas in Al Yelayiss 1, over the 12 months to each dateAbout the same from Dec 2025 to Sep 2026.
Dec 2025AED 1,822 per sq ft
Sep 2026AED 1,822 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 1,822 per sq ft
2,286 sales
Jun 2026
AED 1,822 per sq ft
2,140 sales
Mar 2026
AED 1,822 per sq ft
1,929 sales
Dec 2025
AED 1,822 per sq ft
76 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Who is behind Damac Islands 2?
DAMAC Properties. The project is in Dubailand.
Can foreigners buy here?
Yes. The listing gives freehold ownership, so foreign buyers can own outright.
What does the payment plan cost in dirhams?
At the from price: AED 549,200 on booking, AED 1,510,300 during construction and AED 686,500 at handover. Separately, the 4% DLD fee comes to AED 109,840; ask when it is due.
What sizes are on offer?
About 2,186 sq ft for four bedrooms, 3,158 sq ft for five and 6,276 sq ft for six.
When is handover?
The listed handover is December 2028. Ask the developer for a construction update before you book.
How long is the drive to the metro?
Jumeirah Golf Estates Metro Station is about 15.7 km away, around 31 minutes by car. Umm Suqeim beach, by the Burj Al Arab, is about 18.1 km away, around 36 minutes by car.
