The SAPPHIRE

The SAPPHIRE by DAMAC at Sheikh Zayed Road draws its inspiration from the auspicious and symbolic Yellow Sapphire gemstone, which represents prosperity, good fortune, abundance, positivity, happiness, power, and wisdom. This gemstone holds significant cultural importance in both Asian and Western societies.

Here are some fast facts about the project:

Golden Triangle Location:

Located just 1 minute away from Safa Park, Dubai Water Canal, and Sheikh Zayed Road (8 minutes to Downtown), offering convenience and accessibility to key areas.
Limited Freehold Availability:

There’s a limited supply of plots available from Zabeel to Marina, highlighting a supply and demand mismatch of 38%.
Limited availability of land for apartment projects adds to the exclusivity of the development.
Al Wasl Advantage:

Al Wasl is positioned as an upmarket location compared to Business Bay, with prices averaging 33% higher.
Al Wasl has witnessed remarkable capital value growth of 78% in the last two years, attributed to the presence of branded residencies.
Best of Both Worlds:

The project offers proximity to hotspots and commercial centers, coupled with the serene living experience of park residing.
Positioned between Old and New Dubai, residents can enjoy the benefits of both environments.
Location Dynamics – Al Wasl and Business Bay:

The average off-take rate for apartments in Business Bay and Al Wasl is 1,500 units per quarter, while the supply stands at 1,090 units, resulting in a 38% gap.
As supply and unsold inventory decrease, there’s a projected uptick in capital values in the upcoming quarters.
1 and 2-bedroom configurations are the most favored in both Business Bay and Al Wasl locations, catering to the preferences of potential buyers or tenants.