New homes in Damac The Sapphire start at AED 2,160,000; keys are due Feb 2029; you pay 20% to book, 50% while it is built and 30% at the keys.
Keys
Feb 2029
The developer's handover date
Payment plan
20 / 50 / 30
20% to book, 50% while it is built, 30% at the keys
Bedrooms
1 to 5 beds
Sizes
813 to 3,854 sq ft
Property types
Apartment
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 2,657 per sq ft
At the smallest size listed
We couldn't match this project to the Dubai Land Department project register yet. Ask us for its RERA project number.
Paying for it
You pay 20% when you book, 50% as the building goes up, and 30% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
20%
AED 432,000
Feb 2027
While it is built
6.3%
AED 135,000
May 2027
While it is built
6.3%
AED 135,000
Aug 2027
While it is built
6.3%
AED 135,000
Nov 2027
While it is built
6.3%
AED 135,000
Feb 2028
While it is built
6.3%
AED 135,000
May 2028
While it is built
6.3%
AED 135,000
Aug 2028
While it is built
6.3%
AED 135,000
Nov 2028
While it is built
6.3%
AED 135,000
Feb 2029
Keys
30%
AED 648,000
Booking payment, 20%
AED 432,000
Dubai Land Department fee (Oqood), 4%
AED 86,400
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 518,400
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.
Every off-plan project in Dubai must have an escrow account at a bank, watched by RERA. Pay into that account, never to a person. Ask for the account number.
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 Sheikh Zayed Road 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
1-bed apartmentFrom AED 2,160,000 here
Off-plan medianAED 4,104,000AED 4,712 per sq ft
Sales69
Too few sales to check: 20
2-bed apartment
Off-plan medianAED 6,674,000AED 4,773 per sq ft
Sales141
3-bed apartment
Off-plan medianAED 10,811,000AED 5,612 per sq ft
Sales55
4-bed apartment
Off-plan medianToo few sales for a median
Sales2
5-bed apartment
Off-plan medianToo few sales for a median
Sales0
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
4.4%
Median rent of 1-bed apartments in Sheikh Zayed Road
AED 95,000 a year
Rent contracts counted
168
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 95,000 a year
2-bed apartment
AED 115,000 a year
3-bed apartment
AED 140,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 95,000 ÷ AED 2,160,000 = 4.4%. 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.
On your doorstep
Business Bay Metro Station1.5 km, 6 min driveMetro station
Jumeirah Beach2.6 km, 8 min driveBeach
Dubai Water Canal800 m, 13 min walkWaterfront
Jumeirah English Speaking School750 m, 12 min walkSchool
Al Ittihad Private School900 m, 15 min walkAmerican school
Jumeirah Baccalaureate School4.2 km, 8 min driveIB school
JSS School1.1 km, 5 min driveIndian school
Souk Extra900 m, 15 min walkMall
Medcare Orthopaedics & Spine Hospital450 m, 7 min walkHospital
On Sheikh Zayed Road near Safa Park, Damac The Sapphire is a 54-floor DAMAC Properties tower with one- to five-bedroom apartments from AED 2,160,000 and a listed handover of February 2029. Ask for floor plans of the larger homes, as the listed sizes for four and five bedrooms are unclear.
The plan is 20% on booking, 50% during construction and 30% at handover. At the from price you pay AED 432,000 on booking, AED 1,080,000 during the build and AED 648,000 at handover. Separately, the 4% Land Department fee comes to AED 86,400; ask when it is due. The listed handover is February 2029, a little over two years from now.
Listed sizes are about 813 sq ft for one bedroom, 1,310 sq ft for two and 1,772 sq ft for three. The developer's description gives 9,372 sq ft for four bedrooms, above the listed top size of 3,854 sq ft, and no size for five bedrooms, so ask for the floor plans and the exact size. The developer also describes townhouses on the podium levels and penthouses on floors 53 and 54, while the listing shows apartments only; ask which homes are on sale.
Facilities listed include a fifth-floor spa and 24-hour gym, an observation deck, a pool, circadian pods, sunflower and canary gardens and a roof garden. Ask DAMAC for a current construction update and the full facility list for your floor.
Jumeirah English Speaking School is about 730 m away, Al Ittihad Private School about 900 m and Dubai Water Canal about 780 m. Business Bay Metro Station is about 1.5 km away, a 6-minute drive, and Jumeirah Beach about 2.6 km. The listing does not state the ownership type, so confirm the ownership terms with the developer.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
1 BR
2 BR
3 BR
4 BR
Type A
How prices moved
Median price of 1-bed apartments in Sheikh Zayed Road, over the 12 months to each dateUp 2% from Sep 2025 to Sep 2026.
Sep 2025AED 4,627 per sq ft
Sep 2026AED 4,712 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 4,712 per sq ft
69 sales
Jun 2026
AED 4,638 per sq ft
251 sales
Mar 2026
AED 4,638 per sq ft
251 sales
Dec 2025
AED 4,634 per sq ft
245 sales
Sep 2025
AED 4,627 per sq ft
183 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Which company is developing The Sapphire?
DAMAC Properties. The 54-floor tower is on Sheikh Zayed Road near Safa Park.
Can foreigners buy here?
The listing does not state the ownership type, so confirm the ownership terms with the developer before you book.
What are the payment amounts?
At the from price: AED 432,000 on booking, AED 1,080,000 during construction and AED 648,000 at handover. Separately, the 4% Land Department fee comes to AED 86,400; ask when it is due.
How big are the apartments?
About 813 sq ft for one bedroom, 1,310 sq ft for two and 1,772 sq ft for three. Ask for floor plans for four and five bedrooms, as their sizes are not clear.
When is handover?
The listed handover is February 2029, a little over two years away. Ask DAMAC how far construction has got.
How close is the metro?
Business Bay Metro Station is about 1.5 km away roughly a 6-minute drive.
