The rise in secondary market transactions is another reason for the growth of DAMAC Hills 2 as a popular and friendly community. Close to 1,700 units sold in the secondary market in the past three years alone shows a strong demand for villas in the community. The growing rental market of the community supports its appeal because the investors are profiting on better rental incomes. This situation is good for the trust of both residents and investors who like and find appeal in properties located in DAMAC Hills 2, which currently house more than 30,000 people.
With a fantastic 22% increase over three years from 2021 to 2023, villa properties are very popular in DAMAC Hills 2. The seven neighbourhood clusters with double-digit increase in the pricing of the houses in the past two years which also shows continuous demand and development. In 2024 there are not much villas left and people are looking for townhouses like Damac Violet 4 which also has the facilities like those villas.
Some Studies from the Dubai Land Department (Dld)
Particularly the rich people from other countries find more appeal in the large homes offered in DAMAC Hills 2. 6-bedroom villas are the most sought-after rental properties followed by the 3 or 4-bedroom townhouses. Likewise, 2-bedroom houses have been attracting a lot of interest; its rental yields saw growth of around 44% in just three quarters.
With an average price per square foot (PSF) showed a good 16% increase in the year 2023 that was more than in 2021, the off-plan properties in DAMAC Hills 2 have seen an amazing rise. The demand for 2-bedroom and studio apartments is still high; both type have shown fantastic growth of 37% and 36% for the past three years.
Some properties in the location got a big price increase of 7% in 2023 than the 2021, therefore showing the attractiveness of the community as an investment destination among the other good things of DAMAC Hills 2's huge popularity in Dubai.
Damac Hills 2 Among the Top Transactions in the United Arab Emirates
Divided into three zones: Central Park, District Park, and Picnic Park, DAMAC Hills 2 offers several zones meant to entertain and give services to people of different ages. In these three popular areas of Central Park: Pavilion, Sports Town, and Water Town the residents can enjoy the laid-back Californian feel of Malibu Beach. Inspired by Malibu Bay, the first sub community the developer built, DAMAC Hills, this water bodies has a lazy river, splash pads, and wave pool.
Sports and athletic events find their centre in Sports Town. The community now boasts several sporting venues with facilities for football, tennis, basketball, and cricket; open areas for yoga; a jogging and cycling track; and areas for other kinds of exercise. Apart from them, the neighbourhood presents a petting farm, a dog park, and an outdoor movie theatre.
First in the United Arab Emirates, the community has a bird aviary. With a fascinating bird aviary featuring a variety of species including Glossy Ibis, Sun Conures, Vulturine Guineafowl, Rose-ringed Parakeet, Western bronze-naped Pigeons, Splendid Starlings, Blackcap Babblers, Lemon Doves, and Black-bellied Sandgrouse, residents and visitors will have the chance to explore the beauties of nature.
Children's play activities, BBQ pits, a maze, gigantic chess and snakes and ladders games can all be accommodated in the open grass area of the Pavilion. Apart from that, the community mall is totally packed with hypermarkets, eateries, and several stores.
Conclusion
With the high transacted numbers and unmatched luxury, comfort, and investment possibilities, DAMAC Hills 2 is among Dubai's top real estate destinations. DAMAC Hills 2 keeps attracting investors and residents with its vibrant community, different property options like Damac Violet 4, and a good growth of property price, therefore grabbing its place in Dubai's property market. In this neighbourhood people were looking for the villa or townhouse properties in huge numbers that are ready to move in.
