Sapphire Al Safa Dubai

The Sapphire is a 57-storey DAMAC Properties tower on Sheikh Zayed Road in Al Safa, next to Safa Park, branded with the Swiss jeweller de GRISOGONO. It holds 626 homes: one to three-bedroom apartments, two-bedroom podium townhouses and four and five-bedroom duplex penthouses, from about 813 to 9,437 sq ft. One-bedrooms start at AED 2,160,000 (about Rs 5.56 crore), the plan is 70/30 with 20% on booking, and handover is dated Q1 2029.

"Sapphire" is a common building name in Dubai, so to be exact: this page is about the de GRISOGONO tower beside Safa Park that brokers also call DAMAC Safa Three, the third in a cluster after Safa One and Safa Two. That is the project the source listing describes. Some portals file it under Al Wasl, the district on the other side of the park; Metropolitan and most project pages put it in Al Safa.

At a glance

Price and unit pricing

The AED 2,160,000 entry figure comes from Metropolitan and insiderealty, and Metropolitan dates it to Q1 2024, when the tower was launched. None of the pages we saw has updated it since. DAMAC usually raises prices release by release in a tower that is selling, so treat AED 2.16 million as a floor and ask DAMAC for the current price list, which settles today's figure.

The other open question is the size. One source puts the smallest unit in the tower at 813 sq ft; another prints one-bedrooms at 913 to 1,772 sq ft. On AED 2.16 million that is the difference between about AED 2,657 and AED 2,366 per sq ft, about 12%. The unit's floor plan and the suite area printed in the SPA are what count.

Two-bedrooms start at AED 3,270,000, and the same source puts two-bedroom asks as high as AED 7.21 million, which tells you how much floor and view move the price in a 57-storey tower. The duplex penthouses start at AED 56.37 million.

Payment plan and total cost

70/30: 20% on booking, 50% through construction, 30% at handover. Worked on the AED 2,160,000 one-bedroom:

The 20% booking is the heavy part: most Dubai launches take 10% first. Once it is paid, the AED 1,080,000 construction slice spread over the roughly 29 months left to Q1 2029 averages about AED 37,000 a month, but DAMAC ties instalments to build milestones rather than the calendar, so ask for the schedule. The AED 648,000 due at handover is the payment most buyers cover with a UAE mortgage or with money already moved out of India.

Service charges are not published for the tower. Branded buildings with a spa, pools and an observation deck cost more to run than a standard Sheikh Zayed Road tower, so get DAMAC's first-year estimate in writing before booking. A plan comparison for other Dubai launches is on our Dubai payment plans page.

Location and connectivity

Al Safa is one of the older, lower-rise parts of central Dubai, between Sheikh Zayed Road and Al Wasl Road, with Safa Park at its centre. The Sapphire sits on the park's Sheikh Zayed Road side, so its frontage is the city's main highway and its back looks over one of Dubai's larger public parks.

North-east along Sheikh Zayed Road are Downtown Dubai, Burj Khalifa and Business Bay; west, across Al Wasl, are Jumeirah and the public beaches; the Dubai Water Canal runs close by. The Dubai Metro Red Line follows Sheikh Zayed Road. The sources we checked do not give drive times or name the nearest station for this tower, so walk the route on a site visit rather than relying on a brochure.

The neighbours matter for resale. DAMAC has already built Safa One and Safa Two, both de GRISOGONO-branded, around the same park, and its construction updates on those two towers have been reported by Construction Week and Zawya. Buying the third tower in a cluster means you can see the product and the operator's standard before you pay. For every project we track in the emirate, see all Dubai projects; the wider list is on the projects page.

Amenities and specifications

Quoted for the tower: an infinity pool, a co-working space, a garden area, a 24-hour gym, a running track, relaxation pods, a spa and a rooftop observation deck. The de GRISOGONO name is the same brand partner DAMAC used on Safa One and Safa Two.

Not published: the fit-out and appliance specification by unit type, parking per apartment, the floor on which the townhouses sit within the podium, the service-charge budget and the escrow bank. Ask for the specification sheet attached to the SPA, because a brand name on the lobby does not fix what is inside the apartment. Final specification as per the sale and purchase agreement.

About the developer

DAMAC Properties, founded in 2002 and chaired by Hussain Sajwani, is the largest private developer in the UAE. It reports about 50,000 homes handed over and more than 54,000 under construction, and it booked a record AED 36 billion of sales in 2025, including DAMAC Islands 2. For 2026 it has announced 8,800 handovers across Dubai.

The relevant record for this buyer is the Safa cluster itself: DAMAC's progress releases on Safa One and Safa Two show the firm building branded towers on this stretch of road. DAMAC's delivery dates across its two decades have not always held, so the SPA's completion date and its delay clause are worth reading closely. All the DAMAC projects we cover are on our DAMAC Dubai projects page.

For Indian buyers

Ownership. Al Safa is open to foreign freehold buyers, resident or not, and the title deed is issued by the Dubai Land Department in your name. There is no annual property tax in the UAE and no VAT on a residential sale, so the government cost is the 4% DLD transfer fee — AED 86,400 on the entry unit — plus the AED 40 Oqood fee.

Golden Visa. At AED 2,160,000 the one-bedroom clears the AED 2 million threshold by AED 160,000. If DAMAC's current list has moved up, the margin only grows. Confirm with the DLD how an off-plan purchase is assessed and at what payment stage you can apply; our Golden Visa property guide covers the rules. A ready JVC building such as Mayas Geneva costs a third as much and misses the threshold.

Remittance. The Liberalised Remittance Scheme allows USD 250,000 per person per financial year. AED 2,160,000 is about USD 588,000: more than two years of one person's allowance, or more than one year for a couple at USD 500,000. The plan's timing helps: the AED 432,000 booking is about USD 117,600 and fits one allowance, and the construction instalments of about USD 294,000 in total can be spread across the following financial years before the 30% handover payment.

Rent, tax and exit. No source we checked publishes a rental yield for Al Safa or for this tower, so treat any broker's yield figure as a forecast and ask it to be shown net of service charge. For an Indian tax resident the rent and any capital gain are taxable in India, and the UAE levies no income tax to credit against it. On exit, a 626-home tower in a central location with limited new supply has a broad buyer pool, but the branded service charge will be part of every resale buyer's sum.

Pros

• The AED 2.16 M one-bedroom clears the AED 2 M Golden Visa threshold by AED 160,000
• Sheikh Zayed Road frontage beside Safa Park, between Downtown and the older villa districts, is a central address with little new supply
• The third tower in a branded cluster: Safa One and Safa Two next door show what the finished product looks like
• 70/30 with 50% spread over construction is lighter than a 60/40 during the build
• 626 homes from one-bedrooms to penthouses give a broad resale and rental pool
• DAMAC's scale: about 50,000 homes handed over and AED 36 billion of sales in 2025

Cons

• The AED 2.16 M entry figure dates from Q1 2024; the current price list is likely higher and none of the sources we saw updated it
• 20% on booking is double the usual Dubai first payment
• Sources disagree on the smallest one-bedroom (813 or 913 sq ft), so the rate per sq ft ranges from about AED 2,366 to AED 2,657
• No service charge, DLD project number, escrow bank or progress percentage published
• Branded towers usually carry higher service charges, which cut into the net yield
• Handover in 2029 means about two and a half more years of construction risk

Who this is for

• Buyers who want a Golden Visa from a one-bedroom in a central Sheikh Zayed Road tower
• End users who want a park-side address between Downtown and Jumeirah
• Buyers who can put 20% down now and want the 30% balance at handover
• Penthouse buyers looking for a full-floor or duplex product inside the city core

Who should look elsewhere

• Anyone who needs keys before 2029
• Yield-first investors: branded-tower service charges and a premium price keep the net yield modest
• Buyers who cannot fund a 20% booking payment
• Anyone who will not obtain the current price list and the SPA completion date first

Our verdict

The Sapphire is a central-Dubai product: a Sheikh Zayed Road tower beside Safa Park, in a strip where new residential supply is thin, from a developer that has already built two branded towers in the same cluster. The AED 2.16 million entry one-bedroom clears the Golden Visa threshold, which is the reason many overseas buyers look at it. The two things that need checking are the price and the size. The AED 2.16 million figure is dated Q1 2024, and a DAMAC tower that has been selling for two years will usually have moved its list; and the smallest one-bedroom is printed as 813 sq ft on one source and 913 on another, which changes the rate per sq ft by about 12%. The 20% booking is steep, but the 50% construction slice spread to 2029 is manageable, and the 30% at handover can be mortgaged in the UAE.

A reasonable buy for an end user or Golden Visa buyer who wants a central Sheikh Zayed Road address and can wait until 2029. Not a yield play: branded service charges and a premium entry price keep the net return modest. Get DAMAC's current price list, the exact suite area of the unit, the service-charge estimate and the SPA completion date before paying the 20%.

Talk to Realty Hunting for the current price list, the developer's latest payment plan and a site-visit plan.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

Which DAMAC Sapphire is this?

The Sapphire, a 57-storey DAMAC tower on Sheikh Zayed Road in Al Safa, beside Safa Park, branded with the jeweller de GRISOGONO. Brokers also call it DAMAC Safa Three, because it follows DAMAC's Safa One and Safa Two in the same cluster. Some portals file it under Al Wasl.

What is the price of DAMAC Sapphire?

One-bedrooms were quoted from AED 2,160,000 (about Rs 5.56 crore) as of Q1 2024, two-bedrooms from AED 3,270,000 and penthouses from AED 56.37 million. Those are launch-period figures; ask DAMAC for today's price list, which will settle the current entry price.

What is the payment plan?

70/30: 20% on booking, 50% during construction and 30% at handover. On the AED 2,160,000 one-bedroom that is AED 432,000 on booking, AED 1,080,000 in construction and AED 648,000 at handover, plus AED 86,400 of DLD fee.

When is the handover?

Q1 2029 on the sources we checked; one gives February 2029 as DAMAC's announced date. No construction percentage is published for this tower. Confirm the date in the sale and purchase agreement.

Does it qualify for a Golden Visa?

Yes at the entry price. The threshold is AED 2 million of property and the one-bedroom starts at AED 2.16 million, AED 160,000 above it. Confirm with the DLD how an off-plan purchase is assessed and at what payment stage you can apply.

What are the service charges and the rental yield?

Neither is published for this tower by the sources we checked. Branded towers in Dubai usually charge more per sq ft than standard ones, so get DAMAC's service-charge estimate in writing and work the yield net of it.

Can an Indian resident buy here and send the money?

Yes. Al Safa is open to foreign freehold buyers and the title deed is issued by the DLD in your name. Under the LRS each person can remit USD 250,000 per financial year; the AED 432,000 booking is about USD 117,600 and fits one allowance.

Compare with other Dubai projects

More by DAMAC: Damac Ibiza (from AED 2.1 M, off-plan), Damac Riverside (from AED 1.99 M, handover 2027) and Marbella Townhouses (from AED 1.9 M, off-plan).

A similar budget elsewhere in Dubai: Ellington Views II (from AED 2,160,828, handover 2027), Emaar South Beach (from AED 2.19 M, ready) and Emaar The Hills (from AED 2.2 M, ready).

Read next: DAMAC Projects in Dubai: Prices, Clusters and the Delivery Record · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · The Dubai Golden Visa Through Property. Every Dubai project we track is listed on the Dubai section.