Damac Hills 2 is the new attraction for buying Villas

Damac Hills 2 is the new attraction for buying Villas

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DAMAC Hills 2 Community has gained a lot of attention as a high transaction hub in the UAE real estate market. This area is particularly favoured for its ready-to-move-in villas, the most preferred property type amongst buyers who are looking for villas.

Some data from the Dubai Land Department (DLD) shows that DAMAC Hills 2 is among the high transacted properties in the country, showing a good rise in the capital pricing of villa properties. Since 2021, seven locations within the community have experienced double-digit growth.

How Damac Hills 2 has done in the past three years.

Covering a vast 55 million sq. ft DAMAC Hills 2 is a posh area built by DAMAC Properties, a top developer in the UAE. It offers a lavish community living experience in Dubai, mixing relaxation, fun activities, and green beauty. This community has successfully sold more than 11,800 units, showing its vast appeal among those looking to buy big property.

The secondary market within DAMAC Hills 2 has also seen more and more activity, with around 1,700 units sold for the past three years. It means that people are looking for villas located in Dubai. The rental market is thriving too, with investors enjoying good returns, increasing the confidence of both investors and residents in the value and charm of the properties here. Currently, more than 30,000 residents enjoy the smooth lifestyle that DAMAC Hills 2 offers.

What projects are bought in this community.

The community’s villas are highly sought after, recording an impressive 22% growth in prices over the last three years. Projects such as DAMAC Park Greens 2, Sahara Villas, and DAMAC Natura are popular among buyers seeking spacious homes. DAMAC Park Greens 2 offers 5-bedroom twin villas, while Sahara Villas features 3 and 4-bedroom villas. Larger villas continue to attract wealthy buyers who value space and privacy, while 3 and 4-bedroom homes remain popular among families. At the same time, demand for 2-bedroom apartments is increasing, with rents recording a notable 44% growth in just three quarters.

Off-plan apartments in DAMAC Hills 2 are also seeing an increase in tier price as well, with the average price per square foot increasing by 16% from 2021 to 2023. Demand remains high for 2-bedroom and studio apartments, which have seen growth rates of 37% and 36%. All these are seen for the past three years.

Other housing projects in DAMAC Hills 2 also saw a 7% price increase in 2023 compared to two years before, increasing the community's popularity as a better investment destination. The area is built into three zones: Central Park, District Park, and Picnic Park, each designed to cater to different tastes and age groups.

Conclusion

DAMAC Hills 2 stands as a new attraction of luxury, comfort, and better investment opportunities in Dubai's real estate market. With its attractive green community, a huge collection of  property types, and continuous growth, DAMAC Hills 2 is still popular among both investors and residents, improving its rank in UAE's busy property market. The properties are sold out very quickly so it is better to go with companies like Dubai Housing to book your new property in a community like Damac hills 2.
 

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Kapil Makhijani
Kapil Makhijani
Senior Property Advisor

Kapil Makhijani is a Senior Property Advisor at Honey Money Real Estates (ORN: 28658), with over 6 years specialising in Dubai residential investment and NRI portfolio strategy. His background in... Read More

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