According to Dubai Land Department (DLD) data, apartments in DAMAC Hills 2 are among the most frequently traded properties in the United Arab Emirates.
This master development, which spans 55 million square feet and is the brainchild of DAMAC Properties, the top developer in the UAE, offers residents and guests a lifestyle that blends leisure, recreation, and scenic beauty. It also offers 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.
The increase in secondary market transactions is a key sign that DAMAC Hills 2 is becoming a more established end-user community. There is a strong demand for villas in the community, as evidenced by the nearly 1,700 units that have been sold in the secondary market in just the last three years. The community’s growing rental market, where investors are profiting from better rental performance, adds to its allure. This pattern demonstrates the trust that both residents and investors have in the worth and allure of the DAMAC Hills 2 properties, which currently house over 30,000 people.
In DAMAC Hills 2, villa properties are the most popular, with a startling 22% growth over the three years from 2021 to 2023. Notably, during the past two years, the capital values of seven clusters within the community have increased by double digits, indicating consistent demand and growth. Within DAMAC Hills 2, the Aquilegia cluster, with its 3- and 6-bedroom configurations, is a prime example of the highly sought-after villa units.
The spacious homes available in DAMAC Hills 2 are particularly appealing to high-net-worth individuals; 6-bedroom villas are the most sought-after rental properties, closely followed by 3-bedroom villas. In a similar vein, two-bedroom apartments have drawn a lot of interest, seeing an astounding 44% increase in rental value in just three quarters.
Even DAMAC Hills 2’s off-plan apartments have grown significantly; as of 2023, the average price per square foot (PSF) had increased by a strong 16% from 2021. There is no denying the continued demand for studio and two-bedroom apartments, which have seen remarkable growth rates of 37% and 36%, respectively, over the past three years.
Navitas Residences A, which saw the largest 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.
DAMAC Hills 2 is a three-zone area that includes attractions designed to engage and amuse locals of all ages. The zones are Central Park, District Park, and Picnic Park.
The three primary sections of Central Park are the Pavilion, Sports Town, and Water Town. Residents of Water Town can take advantage of Malibu Beach’s laid-back Californian vibes. At the developer’s first master community, DAMAC Hills, this water feature—named after its predecessor, Malibu Bay—offers a wave pool, splash pads, and a lazy river.
A center for leisure and sporting events is Sports Town. A jogging and cycling track, open spaces for yoga, zones for other fitness activities, and facilities for football, tennis, basketball, and cricket have all been constructed throughout the community. The neighborhood also has a dog park, a petting farm, and an outdoor theater.
The neighborhood has the first bird aviary in the United Arab Emirates. With a fascinating bird aviary that features a wide variety of species, such as Glossy Ibis, Sun Conures, Vulturine Guineafowl, Rose-ringed Parakeet, Western bronze-naped Pigeons, Splendid Starlings, Blackcap Babblers, Lemon Doves, Black-bellied Sandgrouse, residents and guests will have the chance to learn about the wonders of nature.
There is a maze, an open grass area for children to play, BBQ pits, giant chess, and snakes and ladders games in the Pavilion area. The community mall is also completely occupied, featuring a hypermarket, eateries, and a variety of retail establishments.
In conclusion, with the highest transacted values and the best luxury, comfort, and investment opportunities, DAMAC Hills 2 is undeniably Dubai’s top real estate destination. DAMAC Hills 2, which is firmly established in Dubai’s real estate market, continues to captivate residents and investors with its vibrant community, varied selection of properties, and steady growth trajectory.