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.
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.
The community's villas are highly sought after, showing an amazing 22% growth in the price for the last three years. The properties like Damac Park Greens 2 and Damac Natura are very popular, or the properties that have 3 to 6-bedroom homes. Wealthy individuals often choose these big villas with 5 to 7-bedroom houses and these are very popular, closely followed by 3-bedroom options. The market for 2-bedroom apartments is also becoming very demanding, with a good 44% increase in rents within 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.
Central Park is divided into Water Town, Sports Town, and Pavilion, each offering several attractions. Water Town hosts Malibu Beach, inspired by Malibu Bay in DAMAC Hills, featuring a wave pool, splash pads, and a lazy river. Sports Town caters to a variety of athletic pursuits with multiple sports fields and fitness zones, plus an outdoor cinema, dog park, and petting farm. The Pavilion offers spaces for children's play, BBQ pits, a maze, and interactive games.
Moreover, DAMAC Hills 2 is proud to host the UAE's first bird aviary, allowing residents and visitors to explore diverse bird species and engage with nature. The community mall, filled with a hypermarket, diverse dining options, and numerous retail stores, adds to the convenience and attractiveness of living in DAMAC Hills 2.
Those who already own properties in this posh location are already benefiting in a good way. Residents can enjoy the open green view of the community while going for the daily walks in the street. It has a clean environment where people can live peacefully with their family and friends. Travelling from Damac Hills 2 is also another big reason for the people buying properties here because of the smooth connectivity to other parts of the city.
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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