Distress Deal: 2BR Safa Two DAMAC de GRISOGONO | Al Safa Dubai | AED 2.19M | 14% Below OP | High Floor | Park & Canal View

Spacious 2-Bedroom Apartment for Sale at Safa Two, Al Safa — AED 360,000 Below Original Purchase Price

A financially motivated seller is exiting their 2-bedroom apartment at Safa Two by DAMAC Properties × de GRISOGONO in Al Safa, Dubai at AED 2,190,000 — approximately AED 360,000 (14.1%) below the original purchase price of AED 2,550,000 (excluding DLD). The seller’s total all-in cost including the 4% DLD already paid was AED 2,652,000, making the effective saving AED 462,000 against the seller’s fully loaded cost. At AED 1,982 per sq ft on a 1,105 sq ft high-floor unit with direct Safa Park and Dubai Water Canal views, this is a below-market entry into one of Dubai’s most architecturally iconic and brand-driven luxury towers — a 83-storey landmark on Sheikh Zayed Road scheduled for handover Q2 2027.

Property Highlights

• Project: Safa Two by DAMAC Properties × de GRISOGONO
• Location: Al Safa, Sheikh Zayed Road, Dubai, UAE
• Unit Type: 2-Bedroom Apartment
• Size: 1,105 sq ft
• Floor: High Floor
• View: Safa Park & Dubai Water Canal
• Balcony: Yes
• Parking: 1 space included
• Asking Price: AED 2,190,000
• Original Price (excl. DLD): ~AED 2,550,000
• Seller’s All-In Cost (OP + DLD paid): AED 2,652,000
• Saving vs OP (excl. DLD): AED 360,000 (14.1%)
• Saving vs Seller’s Total Cost: AED 462,000 (17.4%)
• Price Per Sq Ft: AED 1,982 (DLD Safa Two avg: AED 3,300–4,039/sqft)
• Handover: Q2 2027
• Developer: DAMAC Properties
• Brand Partner: de GRISOGONO (Swiss luxury jewellery)
• Status: Off-Plan Distress Resale | Near to Handover
• Ownership: Freehold — all nationalities eligible
• Golden Visa: Eligible — exceeds AED 2,000,000 threshold
• Listing Reference: SAFATWO-AS-2BR-001

About Safa Two and the de GRISOGONO Collaboration

Safa Two is an 83-storey landmark skyscraper by DAMAC Properties in collaboration with de GRISOGONO — the Swiss luxury jewellery house founded in 1993 by Italian-Lebanese black diamond specialist Fawaz Gruosi, celebrated globally for bespoke high jewellery and watch designs. The tower rises from the last remaining buildable site at the edge of Safa Park — Dubai’s 64-hectare green reserve — on Sheikh Zayed Road, ensuring that the park and canal views from this unit will never be obstructed by future development. The building is inspired by the Ruby Gemstone: an illuminated ruby element on the facade creates a laser light show visible from Sheikh Zayed Road at night, making Safa Two one of Dubai’s most immediately recognisable residential icons. Safa One and Safa Two will be connected by a sky cabin traversing the tops of both towers.

DAMAC Properties, established in Dubai in 2002, is one of the Middle East’s largest luxury real estate developers with over 39,400 units delivered and 28,000+ in various development stages across the UAE, UK, Saudi Arabia, Lebanon, Oman and the Maldives.

Community & Lifestyle — Al Safa, Dubai

• Al Safa is one of Dubai’s most established premium residential areas, bounded by Sheikh Zayed Road (E11), Al Wasl Road, and the Dubai Water Canal
• Safa Park — a 64-hectare urban green reserve directly adjacent to the tower — offers jogging tracks, cycling paths, sports courts, BBQ areas, and weekend markets
• Dubai Water Canal Boardwalk (3.2 km waterfront promenade) is steps from the building base, offering cycling, dining, and entertainment
• City Walk — Dubai’s premium open-air lifestyle destination — is approximately 5 minutes away
• The community sits equidistant between Downtown Dubai and Dubai Marina, making it central to both business and leisure
• Business Bay Metro Station (Red Line) and DIFC are approximately 8–10 minutes by road, providing metro access to the wider network
• De GRISOGONO branding is embedded throughout the building’s common areas, entrance, lobby, and signature amenity spaces

Amenities

• Floating infinity pool with diamond surface — 64th floor centrepiece visible from Sheikh Zayed Road
• Edge walk deck encircling the tower’s apex — 360-degree panoramic city views
• Fog forest with red lighting effects — immersive indoor nature experience
• Glass slide running through the tower’s upper levels
• Four beach-inspired pools throughout the building
• Hanging gardens cascading through the tower at multiple levels
• State-of-the-art gymnasium and fitness facilities
• Children’s play area and family recreation spaces
• F&B venues, retail outlets, and cafés within the tower
• 24-hour concierge and security services
• Covered parking (1 space with this unit)
• de GRISOGONO signature design elements throughout all communal areas

Layout & Floor Plan

The 2-bedroom apartments at Safa Two cover 1,105 sq ft with balcony. Units feature an open-plan living and dining area, a fitted kitchen, two bedrooms with en-suite or shared bathroom configurations, and a balcony with Safa Park and Dubai Water Canal views. Safa Two’s apartments include innovative modular interior features: a wall bed that converts the second bedroom into an office space, a mirror partition for the kitchen area, and sliding bars for flexible entertaining configurations. These smart-space solutions are particularly suited to the investor who plans to position the unit for short-stay rentals, where flexibility of configuration is a commercial asset. The exact floor, unit number, room-by-room layout, and balcony dimensions for this specific distress unit are available on request quoting reference SAFATWO-AS-2BR-001.

Payment & Handover

The handover for this unit is Q2 2027. This is an off-plan secondary resale — the buyer steps into the seller’s remaining payment obligations to DAMAC, plus the final balance due on handover. The seller’s total all-in cost including DLD was AED 2,652,000. The buyer acquires at AED 2,190,000, immediately saving AED 462,000 against the seller’s fully loaded cost without paying any additional DLD beyond their own 4% transfer fee. The buyer’s additional transaction costs: DLD transfer fee 4% = AED 87,600; trustee/conveyancing ~AED 4,200. Total indicative all-in at transfer: approximately AED 2,281,800, plus any outstanding construction milestone balance due to DAMAC before handover. The complete outstanding installment schedule is available on request from the listing agent.

Location & Connectivity

• Safa Park: Directly adjacent — walking distance from building base
• Dubai Water Canal Boardwalk: Steps from the tower
• City Walk: ~5 min drive
• Business Bay / DIFC: ~8–10 min drive
• Downtown Dubai / Dubai Mall / Burj Khalifa: ~10 min drive
• Palm Jumeirah: ~10 min drive
• Dubai Marina / JBR: ~15 min drive
• Mall of the Emirates: ~15 min drive
• Dubai International Airport (DXB): ~20–25 min drive
• Al Maktoum International Airport (DWC): ~35 min drive
• Business Bay Metro Station (Red Line): ~10 min drive
• Direct access via Sheikh Zayed Road (E11) — Dubai’s primary arterial highway

Why Invest in This Safa Two 2BR

• 14% below OP — 17.4% below seller’s all-in cost: AED 1,982/sqft versus DLD-recorded Safa Two comparables of AED 3,300–4,039/sqft. The buyer enters with immediate per-sqft equity against all market benchmarks
• Safa Park view — non-replicable: The tower is on the last buildable site adjacent to the 64-hectare Safa Park reserve. The park and canal views from this high-floor unit cannot be blocked by future development — a permanent view premium
• de GRISOGONO branded premium: Branded luxury residences consistently trade at resale premiums over non-branded comparables in the same community. Safa Two is the only de GRISOGONO-branded residential tower in Dubai, creating genuine collectible scarcity
• Central Dubai location — zero compromise on connectivity: Equidistant between Downtown Dubai and Dubai Marina, with Safa Park and the Canal Boardwalk at the doorstep. Al Safa’s central position and limited new supply drive consistently strong rental demand from corporate professionals and families
• Iconic architecture — singular asset class: The floating diamond pool, fog forest, glass slide, and ruby facade make Safa Two one of the most photographed and discussed residential projects in Dubai. Brand recognition drives short-stay rental premium
• 10-year UAE Golden Visa eligible: At AED 2,190,000 this purchase exceeds the AED 2M threshold, qualifying the buyer for a 10-year Golden Visa upon project completion

Frequently Asked Questions (FAQs)