When will Damac City 2 be completed?

The Land Department has no completion date on record for Damac City 2 yet. It appears once the developer registers the construction timeline.

How much of Damac City 2 is built?

5.7%, measured at the Land Department site inspection on 9 April 2026. The Land Department engineers have inspected the site 4 times since March 2024.

Who is building Damac City 2?

The registered developer is Pinnacle Real Estate Developments.

Which bank holds the escrow account for Damac City 2?

Emirates NBD. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.

Damac City 2 construction progress

Damac City 2 in Dubai Water Canal is 5.7% built at the Land Department inspection of April 2026. Developer Pinnacle Real Estate Developments.

5.7%

Built, at the Land Department site inspection of 9 April 2026

Finish at recent pace: June 2041
Construction started: June 2024
Registered with the Land Department: April 2024
Developer: Pinnacle Real Estate Developments
Community: Dubai Water Canal
Units: 731
Escrow bank: Emirates NBD
Name in Arabic: داماك سيتي 2
Land Department project number: 3001
Land Department site inspections: 4

Schedule

Since May 2025 Damac City 2 has added about 0.5 points a month. At that rate the site reaches 100% around June 2041. The Land Department has no completion date on record to compare it with.

Progress at each Land Department site inspection

Site inspections

9 April 2026

5.7%+4.4 pts

25 December 2025

1.3%+1.2 pts

13 May 2025

0.1%+0.1 pts

25 March 2024

All 14 site photos, by inspection date

Context

Dubai Water Canal has 10 projects under construction, 37% built on average. Damac City 2 is behind that average.

Own a unit in Damac City 2?

Mulki follows this project for you: each new Land Department inspection, your payment plan, the handover date and what the unit is worth today, in one private app.

Track the handover

Questions

When will Damac City 2 be completed?: The Land Department has no completion date on record for Damac City 2 yet. It appears once the developer registers the construction timeline.
How much of Damac City 2 is built?: 5.7%, measured at the Land Department site inspection on 9 April 2026. The Land Department engineers have inspected the site 4 times since March 2024.
Who is building Damac City 2?: The registered developer is Pinnacle Real Estate Developments.
Which bank holds the escrow account for Damac City 2?: Emirates NBD. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.

Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.