Is DAMAC Hills 2 Freehold Property?
Yes, DAMAC Hills 2 is a freehold property in Dubai. This means that even if you are a non Emirati you can have full ownership of the property. Earlier, the government did not allow ex-pats to buy and hold any houses in UAE. However, due to the increased buyer interest and global investment, the government was forced to come up with Law Number 7. This law is specially designed for ex-pats who want to own a house in UAE. As per the law, a foreign resident can apply for housing in the country only in the areas that are entitled to be freehold in nature. However, they can withhold the property only for 99 years.
Amongst, a list of the properties, DAMAC Hills 2 is an attractive option for investors. Freehold properties offer great flexibility and freedom to use the property they want. With its high-end amenities and a wide range of property types, it s a great option.
Amenities Offered by DAMAC Hills 2
Here are some of the major amenities offered by DAMAC Hills 2, Dubai:
Golf Course: The community features an 18-hole championship golf course. This golf course has been designed by the renowned professional golfer, Tiger Woods
Fitness Centers: DAMAC Hills 2 offers a plethora of fitness centers that offer personal training and fitness classes. The centers are equipped with several advanced pieces of machinery to cater to the needs of individuals.
Sports Courts: DAMAC Hills 2 is a paradise for sports lovers as well! The area has several sports courts, including basketball courts, tennis courts, and volleyball courts. One can enroll in these centers and use them at their own convenience.
Restaurants and Cafes: DAMAC Hills 2 has several restaurants and cafes in close vicinity. Residents can enjoy authentic Emirati cuisine along with a variety of international food to enjoy convenient dining options.
Supermarkets: The community has several supermarkets, including Carrefour and Spinneys. All of these offer residents easy access to groceries
Location Advantage of DAMAC Hills 2
DAMAC Hills 2 is strategically located near E77 which is one of the most developed areas of Dubai. With this, the area offers a plethora of location advantages to its residents:
DAMAC Hills 2 is located along Umm Suqeim Road. This provides the area with close connectivity to major highways such as Sheikh Zayed Road and Emirates Road. Due to this, people find it easy to commute to different parts of Dubai City.
DAMAC Hills 2 is a gated community and is located in close proximity to several key attractions, including the Dubai Miracle Garden, Dubai Autodrome, and Global Village.
DAMAC Hills 2 is closely located in several schools like Jebel Ali School, GEMS United School, and Fairgreen International School. This is why it is an ideal location for families of all sizes.
Several business hubs like Dubai South and Dubai Investment Park are located close to DAMAC Hills 2. This is because it is a favorable area for working business professionals.
The community is also located near Dubailand Park and Al Barari which offers residents a plethora of opportunities to engage in outdoor activities
Rental Properties at DAMAC Hills 2
DAMAC Hills 2 is surrounded by a green landscape with apartments and villas developed as per modern trends. Irrespective of the area being well-developed, the rental prices are reasonable and not high. The apartments here are equipped with eco-friendly features and modern amenities. Here you can find the rental trends at DAMAC Hills 2:
Properties |
Studio |
1 BHK |
AED 45,000 |
2 BHK |
AED 65,000 |
3 BHK |
AED 80,000 |
Studio |
AED 40,000 |
Sale Trends at DAMAC Hills 2
DAMAC Hills 2 is a premium residential area in Dubai that offers luxurious villas and apartments equipped with modern amenities and facilities. The community is famous for its high-class architecture, world-class golf course, and proximity to major attractions. This makes it an attractive location for investors and homebuyers.
Properties |
Studio |
Studio |
AED 360000 |
1 BHK |
AED 486000 |
2 BHK |
AED 1100000 |
3 BHK |
AED 1450000 |
Pros and Cons of Living at DAMAC Hills 2
DAMAC Hills 2 is a luxurious residential community that offers a serene and tranquil living style in the city. In the section below, you can check out the detailed pros and cons of the place:
Pros of DAMAC Hills 2
DAMAC Hills 2 is considered the first green community in Dubai. It is a newly built residential property. The apartments and villas here boast modern facilities, are well-planned, and are equipped with the latest amenities.
DAMAC Hills 2 offers wide access to a plethora of amenities like fitness centers, parks, schools, and high-end restaurants. The area is also closely located in an array of shopping complexes and malls to suit everyone’s needs.
Damach Hills 2 is located at a strategic location that is close to a plethora of coveted apartments and villas. So, if you are looking for properties for rent or sale you get a wide variety to choose from
DAMAC Hills 2 is located on Jebel Ali – Lehbab Road (E77) and Al Ain – Dubai Highway (E66) which is a prime location in Dubai. The area is closely connected to a plethora of theme parks, and shopping malls and is easily connected to state highways and roads
Cons of DAMAC Hills 2
Damac Hills 2 is a luxe property situated on the outskirts of the city. With this, the properties are quite expensive and come with high rental and maintenance costs
Although, the roads surrounding the area are fully developed yet the areas are very congested during peak hours. This makes the area not suitable if one is in a hurry during peak hours.
Damac Hills 2 is well-connected to major highways and roads. Yet one finds it difficult to find suitable public transportation. This makes the area not suitable for working professionals .
DAMAC Hills 2 is located on the outskirts of the city. This makes it situated at a distant location from major areas. It takes more than 30 to 45 minutes to reach the main Dubai which does not make it a great place.
Summary
DAMAC Hills 2 is a freehold property that comes with great investment value and high ROI. There are a plethora of investment opportunities hence it is advisable to connect to a trusted real estate partner. Having said that, connect to Dubai Housing experts today to find your dream home.
FAQs
What does it mean when a property is a freehold property?
In Dubai, a freehold property means a property that can be held by a non-Emiratis. As per the law, any non-resident can buy property from the list of freehold properties for a period of 99 years.
Who is the developer of DAMAC Hills 2, and what type of properties are available there?
DAMAC Hills 2 is developed by DAMAC Properties. The area offers a wide range of freehold properties namely, villas, apartments and townhouses.
What are the advantages of buying a freehold property in DAMAC Hills 2?
Dubai is one of the fastest developing cities in the world. The properties offer a high ROI of upto 6.50% to the investors. Hence, it offers long-term capital appreciation to the property holders.
What amenities are offered by DAMAC Hills 2?
DAMAC Hills 2 offers a range of amenities namely, a strategic location, golf course, sports centre, cultural centres, and green landscape gardens.
What pros and cons are offered in DAMAC Hills 2?
DAMAC Hills 2 is located on Jebel Ali – Lehbab Road (E77) and Al Ain – Dubai Highway (E66) which is a prime location in Dubai. The pros of it is that the properties are quite expensive and come with high rental and maintenance costs.