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.
In 2024, some professionals from a company called Dubai Housing are saying that this pace of price increase of the property will continue because of the huge demand and less supply for the properties. But they also said that Damac will launch more properties for this rising demand in this community and also launched ELO and ELO 2 in April 2024 where the first phase was sold out in a few days. The buyers from other countries like India, China, Europe, and Russia are buying properties here.