DAMAC · Business Bay · Construction Update
Safa Two de GRISOGONO by DAMAC Construction Update - April 2026
April 2026 DLD Register Reading Places Safa Two at 31.35% Construction Progress in Business Bay
Superstructure, internal and MEP works were progressing at different stages when RERA inspected Safa Two on 12 April 2026, with the DLD register recording 31.35%.
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DLD Project Register Data
Safa Two Construction Snapshot
A 5.00 point difference from the previous 26.35% reading places Safa Two in the superstructure band, where the DLD register becomes the buyer's main independent check on a building that is paid for on a fixed calendar rather than by milestone.
Safa Two de GRISOGONO by DAMAC
2200 (registered as Aykon City 3)
Active
31.35%
12 April 2026
10 December 2019
1,293 residential units
194,369.18 sq m
Q4 2027
Data source: DLD project register reading and RERA Independent Progress Monitoring Report for the inspection of 12 April 2026, project 2200, registered as Aykon City 3 (registered developer DAMAC CANAL ONE PROPERTY DEVELOPMENT L.L.C, developer number 1119; RERA progress status: Main Contract, Progressing). The 31.35% figure is the DLD register reading, as the RERA report prints no percentage, and the hero image above is a developer rendering, not a site photograph. Construction tracking against RERA inspection data runs across the full tohidfetrat.com project portfolio and is reviewed after every published cycle. Last updated: October 2026.
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This Inspection Cycle
Safa Two Construction Progress Summary
At the 12 April 2026 inspection the DLD register showed Safa Two at 31.35%, against a previous inspection figure of 26.35%, while RERA's report listed the main contract as progressing. Enabling works, foundations and the substructure were recorded as substantially completed, so the build had moved from below ground into the superstructure, with finishes only at an early stage.
- Enabling works across the Sheikh Zayed Road plot
- Foundation works for the residential building
- Substructure works
- Superstructure works on the residential building
- Internal works, progressing at different stages
- MEP systems: mechanical, electrical and plumbing works
- Finishes, recorded at an early stage
- Site mobilisation, still ongoing at the inspection
- Remaining superstructure up to the mechanical floors and roof
- Facade and interior finishes across the 1,293 residences
- Amenity levels, including the podium beach pool
- Remaining RERA inspection cycles toward 100% and handover in Q4 2027
Payments and Progress
What 31.35% Progress Means for Safa Two Buyers
DAMAC's plan of record for Safa Two is time-based: the 19 instalments fall due at fixed intervals from each buyer's sale date, not when the building reaches a milestone. That makes a 31.35% reading less a payment trigger than a check on the escrow side of the deal, and at this stage four actions matter most.
Verify the escrow account
Every instalment due before completion should go only to the DLD regulated escrow account registered for project 2200 with Emirates NBD. Safa Two escrow account verification is the step before any transfer; the lookup itself is a two-minute check against the official DLD project record, where the project appears as Aykon City 3.
Reread your SPA payment schedule
Check how your sale and purchase agreement counts the 19 instalments from your own sale date, and set the last of them against the Q4 2027 handover expectation and the 10% due on completion. Not sure how your instalments map to this reading? Send me your SPA schedule and I will map it against the recorded milestones.
Confirm your Oqood registration
Off plan purchases are registered with the Dubai Land Department through Oqood, so confirm that your unit's interim registration sits under project 2200, the same DLD record that carries the 31.35% reading. A purchase that cannot be found on that record is the one to question before the next instalment.
Track the remaining cycles
With 68.65 points still to record after April 2026, a number of inspection readings lie between this one and handover. The Safa Two construction updates hub keeps each reading in sequence as it is published.
General framework, not legal advice: instalment dates, registration steps, and fee obligations are set by your individual SPA and the DLD record, and both should be read directly.
Buying at 31.35%?
Entering during the superstructure stage trades more construction exposure for more payment runway: the substructure was recorded as substantially completed in April 2026, the superstructure was still progressing, and DAMAC's time-based plan spreads 70% across instalments before the 10% due on completion. Every instalment goes to the DLD-registered escrow account for project 2200, released against verified construction progress.
- Substructure recorded as substantially completed on 12 April 2026
- Handover expected in Q4 2027, with 68.65 points still to record
- 90/10 plan: 90% before completion, 10% on completion
- Structure already standing, so less construction exposure
- Shorter wait, often months rather than years
- Little runway left; larger sums fall close to completion
Limited Units Available per the project page as of this update; availability shifts between cycles.
About the Development
Safa Two Project Details
At the April 2026 inspection Safa Two was a superstructure stage build: one residential building rising from a basement and podium levels, planned for 1,293 studio to three bedroom apartments and penthouses under the de GRISOGONO brand. Starting prices: AED 1.40M ≈ USD 381K.
For buyers entering at this stage, the trade off is a longer wait against more of the 90/10 instalment runway still ahead, with handover expected in Q4 2027.
Safa Two de GRISOGONO by DAMAC Project GuideSite Context This Cycle
Explore Safa Two Location on Dubai Map
Safa Two occupies a plot on Sheikh Zayed Road in Business Bay, the stretch DAMAC's brochure calls the city's Golden Mile, so every stage of the build runs beside the city's main highway. With the substructure recorded as substantially completed in April 2026, the work that cycle centred on the superstructure, which RERA listed as progressing.
Because Business Bay is an established district with completed roads, the canal and working utility networks, Safa Two is being built into a functioning neighbourhood rather than waiting on one, which keeps the open question for buyers at this stage on the building itself and the Q4 2027 handover, not on the area around it. See the project's position on the interactive Dubai real estate map. See the project’s position on the interactive Dubai real estate map.
Buyer Resources for This Project
Investing in Safa Two During Superstructure Construction
The superstructure band is where payment protection, residency planning, and steady tracking matter most for an off plan buyer. Each resource below is matched to where Safa Two stood in April 2026.
Safa Two Construction Updates
This page: what the 12 April 2026 DLD register reading means for Safa Two buyers.
Safa Two de GRISOGONO Golden Visa: Inside a Jewel-Branded Address
DAMAC's Safa Two de GRISOGONO, 1,293 residences, qualifies from the 2 bedroom; studios and 1 bedrooms do not.
Read the Safa Two Golden Visa Guide
Safa Two de GRISOGONO Escrow: A 1300-Unit Emirates NBD Account
DAMAC's Safa Two de GRISOGONO escrows 1300 units at Emirates NBD, DLD project 2200, certified 31.35% in April 2026.
Verify the Safa Two Escrow AccountUpdate Timeline
Other Safa Two Construction Updates
This April 2026 page is the first monthly record of Safa Two in the series; later readings join the timeline as each inspection is published.
Where This Update Fits
Explore Safa Two Structure
This monthly report is one node in the wider record: the district around the Sheikh Zayed Road plot, the developer delivering the building, and the listings competing with it.
Business Bay Properties for Sale
Browse canal-front apartments, penthouses and branded residences for sale across Business Bay.
See Business Bay Properties for Sale
Business Bay Community Overview
Read the Business Bay guide: canal-front towers, offices and residences minutes from Downtown, with prices and rental demand covered.
Explore the Business Bay Community
DAMAC Properties: Lagoon Communities, Golf Villas and Branded Collaborations
Founded in 2002, DAMAC has delivered 48,000 homes and is known for large-scale master communities, luxury residential projects and branded collaborations.
View the DAMAC Developer ProfileFAQs
Safa Two de GRISOGONO by DAMAC Construction Progress in April 2026: Frequently Asked Questions
Safa Two stood at 31.35% in the Dubai Land Department project register after the RERA inspection of 12 April 2026, recorded under project 2200. That figure is the DLD register reading: the RERA Independent Progress Monitoring Report for the same visit prints no percentage and lists the main contract as progressing. How readings are followed from one cycle to the next is set out on the Safa Two construction updates hub.
The DLD register showed a registered completion date of 30 December 2027 at the 12 April 2026 inspection, which falls inside the Q4 2027 handover expected for Safa Two. Registered dates can be revised between inspection cycles, so any change would surface in a later reading under project 2200 rather than on this April 2026 record.
On the DLD app's inspection card dated 12 April 2026, 26.35% sits in the Previous Inspection field beside the 31.35% current reading for project 2200. The app shows no date for that earlier figure, so this page records it as the prior register value only and does not turn the difference into a monthly pace.
According to the RERA report for the 12 April 2026 inspection, site mobilisation was still ongoing, while enabling works, foundations and the substructure were substantially completed. Superstructure, internal and MEP works were progressing at different stages, and finishes were at an early stage. The report describes one residential building with a basement, podium levels and mechanical floors, designed as a concrete structure with blockwork and internal and external finishes.
Search project number 2200: the DLD register lists Safa Two under the registered name Aykon City 3, in Business Bay, with DAMAC CANAL ONE PROPERTY DEVELOPMENT L.L.C as the registered developer (developer number 1119). The register entry carries the name Aykon City 3 rather than Safa Two, so the project number is the reliable search key, and its inspection card dated 12 April 2026 shows the 31.35% reading.
As of April 2026, the DLD record for project 2200 shows construction started on 10 December 2019 and the project registered on 19 December 2019, nine days later. Both dates are given here exactly as recorded; the register offers no explanation for the order. The 31.35% reading of 12 April 2026 is the cumulative figure for the build since that start date.
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Independent of the developer: I work for the buyer, and my only job on this page is helping you read the April 2026 inspection record for Safa Two de GRISOGONO correctly before your next payment decision. Client identities and transactions are never published or referenced. Message me directly: you will always reach me personally, never a call center or sales team.
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