
According to data from the Dubai Land Department (DLD), this community has seen significant growth and popularity, particularly in villa properties.
DAMAC Hills 2, developed by DAMAC Properties, spans 55 million square feet and offers a blend of leisure, recreation, and natural beauty, appealing to both residents and investors. The community’s sales records highlight its popularity, with 11,806 units sold since its inception. Over the last three years, nearly 1,700 units were sold in the secondary market, indicating robust demand and growing maturity as an end-user community (GulfNews) (PropertyNews.ae).
Villa properties in DAMAC Hills 2 have experienced remarkable growth, with a 22% increase in value from 2021 to 2023. Seven clusters within the community have shown double-digit capital value appreciation. Notably, the Aquilegia cluster, featuring 3- and 6-bedroom villas, is highly sought after. High-net-worth individuals particularly favor these spacious homes, with 6-bedroom villas being the most desired rental properties (GulfNews) (Observer Dubai).
The community also boasts a thriving rental market, with two-bedroom apartments seeing a 44% increase in rental value within three quarters. Off-plan apartments have shown significant growth, with prices per square foot rising by 16% from 2021 to 2023 (Observer Dubai) (Khalifa Homes -).
DAMAC Hills 2 is divided into three zones—Central Park, District Park, and Picnic Park—each offering various amenities and attractions, such as sports facilities, a wave pool, a lazy river, an outdoor cinema, a dog park, and the UAE’s first bird aviary (Khalifa Homes -).
Overall, DAMAC Hills 2’s comprehensive amenities, strategic location, and consistent value appreciation make it a top choice for investors and residents in Dubai’s real estate market.
Leave a Reply