Data from the Dubai Land Department (DLD) unveils DAMAC Hills 2 as one of the most sought-after communities in the UAE, boasting robust growth and exceptional investment opportunities.
Spanning over 55 million square feet, DAMAC Hills 2, developed by UAE’s leading developer DAMAC Properties, offers an unparalleled living experience in Dubai, blending relaxation, recreation, and natural beauty. With a record of 11,806 units sold, the community has garnered immense popularity among property seekers.
The community’s evolution into a thriving end-user destination is evident through a surge in secondary market transactions, with nearly 1,700 units sold in the last three years alone. Investors and residents alike recognize the value of DAMAC Hills 2 properties, housing over 30,000 residents.
Villa properties reign supreme in DAMAC Hills 2, witnessing remarkable growth of 22 percent from 2021 to 2023, with seven clusters experiencing double-digit capital value appreciation. The community’s rental market also flourishes, with six-bedroom villas in high demand.
Even off-plan apartments in DAMAC Hills 2 have shown impressive growth, with an average price per square foot increasing by 16 percent from 2021 to 2023. Notably, 2-bedroom and studio apartments recorded significant growth rates of 37 percent and 36 percent, respectively.
DAMAC Hills 2 offers an array of amenities across its three zones – Central Park, District Park, and Picnic Park, including sports facilities, outdoor cinemas, and a bird aviary, making it a complete lifestyle destination.
With its unrivaled luxury, diverse property options, and sustained growth trajectory, DAMAC Hills 2 continues to captivate investors and residents alike, solidifying its position as Dubai’s premier real estate destination.
Source: Khaleej Times [https://www.khaleejtimes.com]
