Safa Two by DAMAC in Business Bay Golden Visa concept graphic featuring a gold card above a view of residential towers and an elevated roadway in Dubai - Presented by Tohid Fetrat

DAMAC · Business Bay

Safa Two de GRISOGONO by DAMAC Golden Visa

Where the Residency Line Falls Inside a Jewel-Branded Address

At Safa Two the AED 2M ≈ USD 545K Golden Visa threshold is crossed at the 2 bedroom tier, from AED 3.04M ≈ USD 827K, while studios and 1 bedroom apartments stay below it on their own. See exactly which unit types qualify, how DAMAC's time-based plan shapes your application window, and what an off-plan purchase needs in place before the Q4 2027 handover.

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AED 1.40M ≈ USD 381KStarting Price
AED 2M ≈ USD 545KGolden Visa Threshold
31.35%DLD Register Progress
Q4 2027Handover Date

Eligibility Snapshot

Safa Two de GRISOGONO Golden Visa Facts

Safa Two de GRISOGONO by DAMAC is a freehold building of 1,293 residences on Sheikh Zayed Road in Business Bay, registered on the DLD project register as Aykon City 3, project 2200, on 19 December 2019, with a recorded construction start of 10 December 2019. The register showed 31.35% progress for the RERA inspection of 12 April 2026. For residency planning, the price list splits the building cleanly in two: 2 bedroom apartments from AED 3.04M ≈ USD 827K, 3 bedroom apartments from AED 3.912M ≈ USD 1.07M and penthouses from AED 51.94M ≈ USD 14.14M each clear the AED 2M ≈ USD 545K minimum property value applied under the UAE Golden Visa program on a single purchase, under the regulations in force at the time of application. Studios from AED 1.40M ≈ USD 381K and 1 bedroom apartments from AED 1.485M ≈ USD 404K do not. Handover is expected in Q4 2027, when Oqood registration converts to a title deed.

Golden Visa Threshold

AED 2M ≈ USD 545K

Safa Two Starting Price

AED 1.4M ≈ USD 381K

Lowest Qualifying Unit

2 Bedroom Apartment, AED 3.04M ≈ USD 827K

Ownership

Freehold, open to all nationalities

Registration Type

Oqood now, Title Deed at Q4 2027 handover

Developer

DAMAC

Data as of October 2026, based on the Dubai Land Department project register (reading for the 12 April 2026 inspection) and current DAMAC pricing. Newer register readings are posted as RERA inspects, and figures here are updated quarterly.

Unit by Unit

Which Safa Two Apartments Meet the AED 2M Threshold

Safa Two has an unusually clear residency fault line. Its two entry tiers are priced for investors who want a branded Sheikh Zayed Road address without needing a visa from it, and every tier above them sits well past the AED 2M ≈ USD 545K minimum: the 2 bedroom starts AED 1.04M ≈ USD 283K over the line. There is no borderline unit here that a price revision could push in or out of eligibility, so the Golden Visa decision comes down to bedroom count rather than to hunting for a layout that scrapes over the threshold.

Unit TypeUnit SizeStarting PriceQualifies Alone
Studio Apartments353 sq ft (33 sq m)AED 1.40M ≈ USD 381KNo
1 Bedroom Apartments675 sq ft (63 sq m)AED 1.485M ≈ USD 404KNo
2 Bedroom Apartments984 sq ft (91 sq m)AED 3.04M ≈ USD 827KYes
3 Bedroom Apartments1,401 sq ft (130 sq m)AED 3.912M ≈ USD 1.07MYes
Penthouses8,848 sq ft (822 sq m)AED 51.94M ≈ USD 14.14MYes
Three of the five unit types qualify individually, starting with the 2 Bedroom at AED 3.04M ≈ USD 827K. Studios and 1 bedroom apartments do not reach the threshold alone; the closest, the 1 Bedroom at AED 1.485M ≈ USD 404K, sits AED 515K ≈ USD 140K below AED 2M ≈ USD 545K.
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Why this matters: eligibility is assessed on the registered purchase value written into your Oqood contract and later your title deed, not on an advertised starting price. A 2 bedroom bought at AED 3.04M ≈ USD 827K or more carries a wide margin over the threshold well before handover. A resale studio or 1 bedroom, or any secondary unit traded below AED 2M ≈ USD 545K, would fall short as a single holding, so check the contract value of the exact unit before you rely on it for residency.

Payment Plan and Timing

Safa Two Golden Visa Timing Under DAMAC's Payment Plan

DAMAC's payment plan of record for Safa Two is time-based: a 20% deposit payable immediately, with the 4% DLD registration fee paid in addition to that deposit, then 70% across 19 instalments falling every three months within 57 months of the sale date, and the final 10% on completion. That makes it a 90/10 plan, with 90% of the price paid before completion. Because each instalment is counted from the buyer's own sale date rather than from a construction milestone, the schedule that governs a booking made today is the one written into your SPA.

My read on the timing: an off-plan buyer usually applies on the strength of the Oqood registration, backed by evidence that the contract meets the qualifying value and satisfies whatever paid-value condition the Dubai Land Department and the residency authorities apply on the day, and those conditions are updated from time to time. On the plan of record, 40% of the price falls due within the first 12 months of the sale date, the deposit plus four instalments, so the paid share builds quickly at the start. A buyer who needs residency soon, to settle a family in Dubai or set up local banking, can therefore aim to apply during construction once the current condition is met. A buyer with no deadline can hold off until DAMAC hands over in Q4 2027 and the title deed is registered, so the file rests on completed ownership rather than on a contract. Either way, confirm the condition in force before you submit.

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VIP processing, zero service fee: when you buy at Safa Two through me, I handle the application service from start to finish, preparing documents, submitting the file and following its status, free of charge. The service is free; government fees apply, at the official rates the issuing authorities publish.

Read the full Off-Plan Property Golden Visa guide

The Project

A Ten-Year Residency Anchored on Sheikh Zayed Road

Residency planning at Safa Two starts with the apartment, not the visa. The full project guide sets out prices for all five tiers, the de GRISOGONO design brief, the Ruby Heart and Fog Forest amenities, and DAMAC's time-based payment plan in detail.

Safa Two by DAMAC in Business Bay project rendering of the illuminated curving tower with a red oval facade feature and skyline at night in Dubai - Presented by Tohid Fetrat

Safa Two de GRISOGONO: A Cut-Diamond Tower on Sheikh Zayed Road

Safa Two de GRISOGONO is a DAMAC tower in Business Bay with 1,293 residences, branded by the Swiss jeweller.

View the Safa Two Project Guide

Golden Visa Guides

Golden Visa Requirements, Process and Benefits

The program rules do not change from one Dubai building to the next, so they sit in the dedicated guides below instead of being repeated on this Safa Two page.

Golden Visa Requirements: AED 2M in Real Estate Registered in Your Name

Golden Visa requirements for property investors: real estate worth at least AED 2M, ownership proof, mortgages, off-plan rules and documents.

Read the Dubai Golden Visa requirements guide

Applying for the Golden Visa in Seven Steps, From Purchase to Approval

For a property investor, the seven steps run from the purchase to the visa, usually within weeks of ownership being confirmed.

Read the UAE Golden Visa application guide

Golden Visa Benefits: Residency, Family Sponsorship and Long Periods Abroad

Golden Visa benefits: residency without an employer, long periods abroad without losing status and the right to sponsor your family.

Read the Dubai Golden Visa benefits guide

Insights

Project Insights for Safa Two Golden Visa Buyers

Clearing the AED 2M ≈ USD 545K threshold is only one part of a sound Safa Two purchase. The other two are the recorded construction progress that carries an Oqood contract toward a title deed, and the escrow account that protects your instalments while the building rises. The two guides below cover each for this project.

Safa Two by DAMAC in Business Bay Golden Visa concept graphic featuring a gold card above a view of residential towers and an elevated roadway in Dubai - Presented by Tohid Fetrat
You Are Here

Safa Two Golden Visa Guide

This page: which Safa Two apartments clear the AED 2M ≈ USD 545K threshold, and how the payment plan sets your application window.

Safa Two by DAMAC in Business Bay construction updates cover image featuring a project rendering of the curved tower with a prominent red oval facade feature above clouds in Dubai - Presented by Tohid Fetrat

Safa Two de GRISOGONO: Ruby-Inspired Sheikh Zayed Road Building

Safa Two de GRISOGONO, DAMAC's 1,293-residence building on Sheikh Zayed Road, read 31.35% at the 12 April 2026 inspection.

View Safa Two Construction Updates
Safa Two by DAMAC in Business Bay escrow account concept graphic featuring a shield and padlock over a curved building entrance and landscaped streetscape in Dubai - Presented by Tohid Fetrat

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 Account

Structure

The Business Bay Structure Behind Safa Two

A qualifying apartment holds its value through the district and the developer around it. Compare Safa Two with other Business Bay stock, see how the community works day to day, and review DAMAC's wider portfolio before you commit Golden Visa capital.

Business Bay properties for sale featuring modern residential towers and premium Dubai skyline views Captured by Tohid Fetrat.

Business Bay Properties for Sale

Browse Business Bay apartments and penthouses, compare branded addresses and see which price points clear the Golden Visa threshold.

See Business Bay Properties for Sale
Business Bay skyline view featuring Opus Tower Bugatti Residences by Binghatti The Binary by Omniyat and Ahad Tower with modern high rise architecture and urban city streets captured by Tohid Fetrat.

Business Bay City Community

Understand the canal, the Sheikh Zayed Road frontage and the everyday amenities that shape long-term demand around Safa Two.

Explore the Business Bay City Community
DAMAC developer iconic modern tower with unique architectural design and Dubai skyline at sunset Presented by Tohid Fetrat

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 Properties Developer Profile

FAQs

Safa Two de GRISOGONO by DAMAC Golden Visa Frequently Asked Questions

Three of the five unit types. 2 Bedroom Apartments start at AED 3.04M ≈ USD 827K, 3 Bedroom Apartments at AED 3.912M ≈ USD 1.07M and Penthouses at AED 51.94M ≈ USD 14.14M, so each clears the AED 2M ≈ USD 545K property value threshold on its own at current starting prices. Eligibility is assessed on the registered purchase value of the specific unit, under the regulations in force at the time of application. Full criteria are covered in the Dubai Golden Visa requirements guide.

Their prices sit below the line. Studio Apartments start at AED 1.40M ≈ USD 381K and 1 Bedroom Apartments at AED 1.485M ≈ USD 404K, both under the AED 2M ≈ USD 545K property value threshold. The 1 bedroom, the closest tier, is AED 515K ≈ USD 140K short, so neither type qualifies when bought as a single property. Whether any other investment can be counted alongside one of these units depends on the rules in force when you apply, and the qualifying investment types are listed in the Golden Visa requirements guide.

Usually, yes, for a qualifying unit. An off-plan buyer normally applies on the strength of the Oqood registration, supported by evidence that the contract meets the qualifying value and satisfies whatever paid-value condition the authorities apply on the day of application; that condition is updated from time to time. Safa Two is under construction, so the owner of a 2 bedroom, 3 bedroom or penthouse can apply during the build once the current condition is met, or hold off until the title deed is issued at the Q4 2027 handover. Both routes are explained in the off-plan property Golden Visa guide.

DAMAC's plan of record asks for a 20% deposit immediately, then 70% across 19 instalments every three months within 57 months of the sale date, and 10% on completion. On that schedule 40% of the price is due within 12 months of the sale date and 90% before completion, so the paid share of a qualifying apartment builds early in the life of the contract. Where a paid-value condition is applied, that front-loading can bring an application forward, but the schedule in the buyer's own SPA and the condition in force at the time of application decide the actual date.

No. The 4% DLD registration fee is paid in addition to the 20% deposit and is a government charge, not part of the purchase price. The Golden Visa property value test looks at the registered purchase value of the apartment itself, under the rules in force at the time of application. For the qualifying tiers at Safa Two, that value starts at AED 3.04M ≈ USD 827K for a 2 Bedroom Apartment.

Financing does not change which tiers qualify, because the test is applied to the registered purchase value. Mortgaged properties are commonly considered for the Golden Visa when the lending bank confirms the amount the owner has paid, but the exact condition, including any minimum paid amount, follows the regulations in force at the time of application. Bank finance on an off-plan apartment such as Safa Two also depends on each lender's own policy, so both points need confirming before a purchase relies on a mortgage.

Joint ownership is commonly assessed share by share, with each owner's portion of the registered value measured against the AED 2M ≈ USD 545K threshold, under the regulations in force at the time of application. On an equal two-way split, a 2 Bedroom Apartment at AED 3.04M ≈ USD 827K gives each owner AED 1.52M ≈ USD 414K and a 3 Bedroom Apartment at AED 3.912M ≈ USD 1.07M gives each AED 1.956M ≈ USD 533K, both below the line, while a Penthouse at AED 51.94M ≈ USD 14.14M gives each owner AED 25.97M ≈ USD 7.07M. Treatment of spouses and other co-owners is set by the authorities, so the ownership split should be checked before the SPA is signed.

Property-based Golden Visa holders can generally sponsor a spouse and children, and in some cases other dependants, under the conditions in force at the time of application. Family visas are issued on the back of the investor's own residency, so they rest on the same qualifying Safa Two purchase: a 2 bedroom, 3 bedroom or penthouse at or above the AED 2M ≈ USD 545K threshold. What sponsorship covers is set out in the Dubai Golden Visa benefits guide.

The program's current term is 10 years, renewable. Renewal is generally tied to continuing to hold a qualifying property, so selling the Safa Two apartment, or reducing a registered share below the threshold, can affect the visa under the rules in force at that time. Renewal conditions are updated from time to time and are confirmed when the renewal is filed.

No. For buyers who purchase Safa Two through this advisory, the VIP application service, from document preparation to submission and status follow-up, is provided free. The service is free; government fees apply, at the official rates the issuing authorities set when the application is filed.

No. Buying a 2 bedroom, 3 bedroom or penthouse at Safa Two makes the buyer eligible to apply, but approval is decided by the ICP and the Dubai Land Department against the requirements in force at the time of application, which include verification of ownership and the usual security checks. Because the building is under construction, the recorded progress behind each Oqood contract is tracked on the Safa Two construction updates page.

Portrait of Tohid Fetrat, Dubai real estate advisor and portfolio manager with expertise in luxury developments

Your Advisor

Tohid Fetrat

Independent of the developer: I work for the buyer, and my only job on this page is making sure the property you buy actually qualifies before you commit, with the VIP visa application service included free for my buyers. Client identities and transactions are never published or referenced. Message or call me directly: you will always reach me personally, never a call center or sales team.

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