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Damac Hills 2 area in Dubai - prices, rents and cap rates

Cap rates for projects in Damac Hills 2 area in Dubai

Data as of May 2024
ProjectSale price, AED/sqmRent, AED/sqm/yearCap rate
Viridis8,9728349.3%
Navitas Tower A11,2788867.9%

Cap rate (rental yield) in Damac Hills 2 area in Dubai is from 7.9% to 9.3%.

The maximum cap rate in Damac Hills 2 is 9.3% at Viridis project. The minimum cap rate in Damac Hills 2 is 7.9% at Navitas Tower A project.

Sales prices for completed properties in Damac Hills 2

RoomsSize, sqmSale price, AED/sqmSale price, AED
Studio3810,867415,200
1538,307439,000
21029,195935,543

Rents in Damac Hills 2

RoomsSize, sqmRent, AED/sqm/yearRent, AED
Studio3984032,714
16084050,323
29684080,559

Price for completed Studio apartment in Damac Hills 2 is 415,200 AED or 10,867 AED/sqm.
Price for completed 1 bedroom apartment in Damac Hills 2 is 439,000 AED or 8,307 AED/sqm.
Price for completed 2 bedroom apartment in Damac Hills 2 is 935,543 AED or 9,195 AED/sqm.

Rent in Damac Hills 2 is 9,195 AED/year/sqm on average for long term rent of an apartment.

Rent for Studio apartment in Damac Hills 2 is 32,714 AED or 840 AED/sqm.
Rent for 1 bedroom apartment in Damac Hills 2 is 50,323 AED or 840 AED/sqm.
Rent for 2 bedroom apartment in Damac Hills 2 is 80,559 AED or 840 AED/sqm.

Residential property projects in Damac Hills 2

Off-planReady
-Avencia
Navitas Tower A
Viridis

Share of off-plan projects in sales in Damac Hills 2 is 0%

Sales and rents in Damac Hills 2 in May 2024

Project nameSale price, AED/sqmPre. reg salesDelayed salesSalesRent, AED/sqm/yearRent contracts
Viridis
8,9727 83442
Navitas Tower A
11,2783 8865
Avencia

About Damac Hills 2 area in Dubai

Damac Hills 2 is a residential area located in the Dubailand district of Dubai, United Arab Emirates. It is a master-planned community developed by DAMAC Properties, and it was previously known as Akoya Oxygen. The community is spread over an area of 42 million square feet, and it features a variety of residential units, including apartments, townhouses, and villas.

Some of the key distinctive features of Damac Hills 2 include:

Its eco-friendly design: The community is designed to be sustainable and environmentally friendly, and it features a number of green initiatives, such as solar panels, water conservation measures, and energy-efficient appliances.
Its central location: Damac Hills 2 is located in a central location in Dubai, and it is easily accessible from major highways and public transportation routes.
Its abundance of amenities: The community offers a wide range of amenities, including a golf course, a spa, a gym, a swimming pool, a children's play area, and a variety of shops and restaurants.

Some of the disadvantages of Damac Hills 2 include:

Its distance from the city center: Damac Hills 2 is located in the suburbs of Dubai, and it is about a 40-minute drive from the city center.
Its high prices: Damac Hills 2 is a luxury community, and the prices of the residential units are correspondingly high.
Its lack of public transportation: The community is not well-served by public transportation, and residents will need to rely on their own cars or taxis to get around.

Overall, Damac Hills 2 is a well-designed and luxurious community that offers a variety of amenities and a central location. However, it is also a relatively expensive community, and it is not well-served by public transportation.

Here are some additional details about the pros and cons of living in Damac Hills 2:

Pros:

Eco-friendly design
Central location
Abundance of amenities
Close to major highways and public transportation routes
Family-friendly environment
Lush green setting

Cons:

Distance from the city center
High prices
Lack of public transportation

Area guide for property buyers in Damac Hills 2

What areas are cheaper than 'Damac Hills 2' area in Dubai but provide a similar quality of living?

1. Al Barsha
2. Jumeirah Village Circle
3. Discovery Gardens
4. International City
5. Al Furjan
6. Jumeirah Lake Towers
7. Al Warqa
8. Mirdif
9. Al Khawaneej
10. Al Quoz

What areas are better than 'Damac Hills 2' area in Dubai and why?

1. Jumeirah Village Circle: Jumeirah Village Circle is a great area to consider if you're looking for an affordable place to live in Dubai. It is located close to the Al Khail Road and Sheikh Zayed Road, making it easily accessible. The area is also well-connected to the rest of the city with a number of public transport options. Additionally, Jumeirah Village Circle is home to a number of amenities such as schools, supermarkets, restaurants, and more.

2. Downtown Dubai: Downtown Dubai is one of the most popular areas in Dubai. It is home to some of the city's most iconic landmarks such as the Burj Khalifa, Dubai Mall, and Dubai Fountain. The area is also well-connected to the rest of the city with a number of public transport options. Additionally, Downtown Dubai is home to a number of amenities such as schools, supermarkets, restaurants, and more.

3. Dubai Marina: Dubai Marina is a great area to consider if you're looking for a luxurious place to live in Dubai. It is home to some of the city's most iconic landmarks such as the Dubai Marina Mall and Dubai Marina Walk. The area is also well-connected to the rest of the city with a number of public transport options. Additionally, Dubai Marina is home to a number of amenities such as schools, supermarkets, restaurants, and more.

Where is 'Damac Hills 2' area in Dubai located?

Damac Hills 2 is located in the Dubailand area of Dubai, close to the intersection of Al Qudra Road and Emirates Road.

What are the things to do in and around 'Damac Hills 2' area in Dubai and what are their locations?

1. Miracle Garden - Al Barsha South 3, Dubai
2. Ski Dubai - Mall of the Emirates, Al Barsha, Dubai
3. Dubai Miracle Garden - Al Barsha South 3, Dubai
4. Dubai Autodrome - Motor City, Dubai
5. Global Village - Sheikh Mohammed Bin Zayed Road, Dubai
6. IMG Worlds of Adventure - Sheikh Mohammed Bin Zayed Road, Dubai
7. Dubai Aquarium & Underwater Zoo - Dubai Mall, Downtown Dubai
8. Dubai Safari Park - Al Warqa 5, Dubai
9. The Green Planet - City Walk, Dubai
10. Legoland Dubai - Dubai Parks and Resorts, Jebel Ali, Dubai

What schools are there in and around 'Damac Hills 2' area in Dubai and what are their locations?

1. GEMS World Academy, Dubai - Al Barsha South, Dubai
2. GEMS Wellington International School - Al Sufouh, Dubai
3. GEMS FirstPoint School - The Villa, Dubai
4. GEMS Founders School - Al Barsha South, Dubai
5. GEMS Metropole School - Motor City, Dubai
6. Jumeirah International Nursery - Al Barsha South, Dubai
7. Kings' School Al Barsha - Al Barsha South, Dubai
8. Kings' School Nad Al Sheba - Nad Al Sheba, Dubai
9. Swiss International Scientific School - Al Barsha South, Dubai
10. Dubai British School - The Villa, Dubai

What medical clinics are there in and around 'Damac Hills 2' area in Dubai and what are their locations?

1. Medcare Medical Centre - Damac Hills 2, Dubai
2. Medcare Orthopaedics & Spine Centre - Damac Hills 2, Dubai
3. Medcare Women & Children Hospital - Damac Hills 2, Dubai
4. Medcare Specialty Centre - Damac Hills 2, Dubai
5. Medcare Medical Centre - Arabian Ranches 2, Dubai
6. Medcare Orthopaedics & Spine Centre - Arabian Ranches 2, Dubai
7. Medcare Women & Children Hospital - Arabian Ranches 2, Dubai
8. Medcare Specialty Centre - Arabian Ranches 2, Dubai
9. Aster Clinic - Arabian Ranches 2, Dubai
10. Medcare Medical Centre - Motor City, Dubai
11. Medcare Orthopaedics & Spine Centre - Motor City, Dubai
12. Medcare Women & Children Hospital - Motor City, Dubai
13. Medcare Specialty Centre - Motor City, Dubai
14. Aster Clinic - Motor City, Dubai
15. Medcare Medical Centre - Jumeirah Village Circle, Dubai
16. Medcare Orthopaedics & Spine Centre - Jumeirah Village Circle, Dubai
17. Medcare Women & Children Hospital - Jumeirah Village Circle, Dubai
18. Medcare Specialty Centre - Jumeirah Village Circle, Dubai
19. Aster Clinic - Jumeirah Village Circle, Dubai

What hospitals are there in and around 'Damac Hills 2' area in Dubai and what are their locations?

1. Mediclinic Meadows, Dubai, located at Al Barsha South, Umm Suqeim Road, Dubai.

2. Medcare Hospital, Dubai, located at Al Barsha South, Umm Suqeim Road, Dubai.

3. Medcare Women & Children Hospital, Dubai, located at Al Barsha South, Umm Suqeim Road, Dubai.

4. Medcare Orthopaedic & Spine Hospital, Dubai, located at Al Barsha South, Umm Suqeim Road, Dubai.

5. Aster Hospital, Dubai, located at Al Barsha South, Umm Suqeim Road, Dubai.

6. Al Zahra Hospital, Dubai, located at Al Barsha South, Umm Suqeim Road, Dubai.

7. Prime Hospital, Dubai, located at Al Barsha South, Umm Suqeim Road, Dubai.

8. Zulekha Hospital, Dubai, located at Al Barsha South, Umm Suqeim Road, Dubai.

9. Emirates Hospital, Dubai, located at Al Barsha South, Umm Suqeim Road, Dubai.

10. American Hospital, Dubai, located at Al Barsha South, Umm Suqeim Road, Dubai.

What parks are there in and around 'Damac Hills 2' area in Dubai and what are their locations?

The parks located in and around the Damac Hills 2 area in Dubai are:

1. Miracle Garden - Al Barsha South 3, Dubai
2. Skydive Dubai Adventure Park - Al Sufouh Road, Dubai
3. Dubai Miracle Garden - Al Barsha South 3, Dubai
4. Dubai Autodrome Park - Motor City, Dubai
5. Al Qudra Lakes Park - Al Qudra Road, Dubai
6. Mushrif Park - Mirdif, Dubai
7. Zabeel Park - Zabeel Road, Dubai
8. Safa Park - Jumeirah, Dubai
9. Creek Park - Dubai Creek, Dubai
10. Kite Beach Park - Jumeirah, Dubai

Drive through Damac Hills 2

Water and public areas in Damac Hills 2



Cap rate (or rental yield) - gross capitalization rate based on long term rentals, before taxes, fees and service charges and without accounting for delays between long term rentals. Shown average prices and rents.




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