DAMAC Hills 2 is a secluded community formerly known as Akoya Oxygen. The project is implemented by one of the leading developers in the Middle East, Europe, and America - DAMAC Properties. The community with green boulevards, a tropical forest, and developed infrastructure is created for those who appreciate a peaceful and healthy lifestyle.
DAMAC Hills 2 community is located in the sought-after tourist, commercial, and residential area of Dubailand. The community has gained a reputation as one of the most popular locations in Dubai to buy villas and townhouses. DAMAC Hills 2 is built around an international golf course and consists of smaller gated sub-communities with their own infrastructure, amenities, and unique design. DAMAC Properties launched this project in 2014, and most of the work is expected to be completed by 2023.
DAMAC Hills 2 includes villas, townhouses, and apartments. The area of the latter varies from 39 sq. m to 218 sq. m depending on the number of bedrooms. The area of villas and townhouses ranges from 112 sq. m to 325 sq. m. After 2020, there has been a global increase in demand for real estate that provides more freedom for living, and the residences in DAMAC Hills 2 fully meet these criteria. Villas and townhouses come with landscaped front yards, a terrace with a garden, a barbecue area, and a covered two-car garage.
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Within each gated community, there are many retail stores and F&B establishments within walking distance. The most popular supermarkets in DAMAC Hills 2 are Carrefour, New Mart, Bavas Supermarket, and Choithrams.
The nearest schools are located within a 15-minute drive, including South View School, The Aquila School, and GEMS Metropole School with a British education system. The Saudi German Clinics Damac Hills 2 clinic is located in the center of DAMAC Hills 2, and there is also a kindergarten and Shining Stars development center. Dubai Academic City, where 28 world universities are located, is a half-hour drive away.
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Al Sahra Desert Resort, Trump International Golf Club Dubai
Dubai Outlet Mall, Arabian Ranches 2, Al Maktoum International Airport (DWC)
DAMAC Hills 2 is located at the intersection of four major highways in Dubai. Within half an hour from here, you can reach Al Maktoum International Airport, the colorful Arabian Ranches 2 Arabic market, or the cozy family park Dubai Miracle Garden.
Dubai Outlet Mall, the largest shopping center in the Dubailand area, is a 25-minute drive away. It will take the same amount of time to get to Cityland Mall, where you can combine shopping with a walk in the park and a visit to the amphitheater. Palm Jumeirah and the popular Madinat Jumeirah beach are a 40-minute drive away.
Real estate in DAMAC Hills 2 is a great option for permanent residency. Buying a residence in this area can also be considered as a promising investment asset. In 2022, the community was among the most attractive for tenants who are looking for affordable villas and townhouses. The undeniable advantages of the community are the developed infrastructure and excellent transportation connections with other areas of Dubai.
In 2023, the average annual rent for a three-bedroom villa in DAMAC Hills 2 is AED 75,000 (USD 20,000), and for a six-bedroom villa, it is AED 170,000 (USD 46,000). The rent for a townhouse is approximately in the same price range. The return on investment reaches 5.7%.
The area is part of the freehold zone of the emirate - any foreign citizen has the right to purchase property here in 100% ownership. If the cost of the purchased property exceeds AED 2 million (USD 545,000), the residence owner can obtain a ten-year "Golden Visa" for themselves, family members, and domestic staff.
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