Giant Gilbert damping anisotropy is identified as a signature of strong Rashba spin-orbit coupling in a two-dimensional antiferromagnet on a honeycomb lattice. The phenomenon originates in spin-orbit induced splitting of conduction electron subbands that strongly suppresses certain spin-flip processes. As a result, the spin-orbit interaction is shown to support an undamped non-equilibrium dynamical mode that corresponds to an ultrafast in-plane Neel vector precession and a constant perpendicular-to-the-plane magnetization. The phenomenon is illustrated on the basis of a two dimensional $s$-$d$ like model. Spin-orbit torques and conductivity are also computed microscopically for this model. Unlike Gilbert damping these quantities are shown to reveal only a weak anisotropy that is limited to the semiconductor regime corresponding to the Fermi energy staying in a close vicinity of antiferromagnetic gap.