According to data from the Dubai Land Department (DLD), apartments in DAMAC Hills 2 are
among the most frequently traded properties in the United Arab Emirates.
This intellectual development, the brainchild of DAMAC Properties, the top developer in the
UAE, spans 55 million sqft and offers residents and guests a lifestyle that blends leisure,
recreation, and scenic beauty. It also provides a distinctive take on community living in Dubai.
The community has a remarkable sales record of 11,806 units, which attests to its enduring
appeal to those looking to buy real estate.
Rising Demand for DAMAC Hills 2 Properties
The increase in secondary market transactions is a critical sign that DAMAC Hills 2 is becoming
a more established end-user community. Substantial demand for villas among residents, as
evidenced by the nearly 1,700 units that have been sold in the secondary market in just the last
3 years, adds to its allure. The community’s growing rental market, where investors are
benefiting from better rental performance, also adds to its allure. This pattern indicates the trust
that both residents and investors have in the worth and charm of the DAMAC Hills 2 properties,
which presently house over 30,000 people.
Villas and Apartments: A Winning Combination
In DAMAC Hills 2, villa residences are notably famous, with a startling 22% boom over the 3
years from 2021 to 2023. Notably, at some stage in the past 2 years, the capital values of seven
clusters in the network have elevated by using double digits, indicating regular demand and
increase. Within DAMAC Hills 2, the Aquilegia cluster, with its 3- and 6-bed room configurations,
is a high instance of the highly sought-after villa units.
The immense homes available in DAMAC Hills 2 are explicitly appealing to high-net-worth
people; 6-bedroom villas are the most demanding rental properties, closely heeded by
3-bedroom villas. In a parallel vein, two-bedroom apartments have attracted a lot of interest,
seeing an incredible 44% increase in rental value in just three quarters.
Even DAMAC Hills 2’s off plan apartments have grown immensely; as of 2023, the
intermediate price per square foot (PSF) had grown by a substantial 16% from 2021. There is
no disowning the continued demand for studio and 2-bedroom apartments, which have seen
tremendous growth rates of 37% and 36%, respectively, over the past 3 years.
Navitas Residences A, which saw the most significant price increase of 7% in 2023 over 2021,
is one of DAMAC Hills 2’s outstanding achievements. This further solidifies the community’s
appeal as an investment destination.
A Vibrant Community with Diverse Attractions
DAMAC Hills 2 is a three-region area that includes points of interest designed to engage and
amuse locals of every age. The zones are Central Park, District Park, and Picnic Park.
Central Park: A Hub of Leisure and Recreation
The three prior sections of Central Park are the Pavilion, Water Town and Sports Town.
Residents of Water Town can benefit from Malibu Beach’s laid-back Californian vibes. At the
developer’s foremost master community, DAMAC Hills, this water feature—named behind its
ancestor, Malibu Bay—presents a wave pool, splash pads, and a lazy river.
A center for relaxation and sporting occurrences is Sports Town. A jogging and cycling path,
open areas for yoga, zones for other fitness exercises, and facilities for tennis, football, cricket
and basketball have all been assembled throughout the community. The neighborhood also has
a dog park, a petting farm, and an outdoor theatre.
The community has the first bird aviary in the United Arab Emirates. This magnetic aviary
features a wide variety of species, such as Glossy Ibis, Sun Conures, Rose-ringed Parakeets,
Vulturine Guineafowl, Western bronze-naped Pigeons, Blackcap Babblers, Splendid Starlings,
Lemon Doves, and Black-bellied Sandgrouse. Residents and guests will have the opportunity to
learn about the wonders of nature.
The Pavilion area features a maze, an open grass area for children to play in, BBQ pits, giant
chess, and snakes and ladders games. The community mall is also wholly occupied, featuring a
hypermarket, eateries, and a variety of retail establishments.
Also Read: Dubai real estate insights: A promising outlook for 2024
Conclusion
In conclusion, with the most elevated transacted values and the best luxury, comfort, and
investment options, DAMAC Hills 2 is undeniably Dubai’s top real estate goal. DAMAC Hills 2,
which is firmly based in Dubai’s real estate market, resumes to captivate residents and investors
with its dynamic community, varied selection of properties, and continuous growth trajectory.
