Contact Members/Sign Up Reg Form

DAMAC Hills 2: Among Top Transacted Communities in UAE, Reports Show

The latest data from the Dubai Land Department (DLD) has shed light on the remarkable performance of units within DAMAC Hills 2, positioning them among the highest transacted properties in the UAE. Situated across an expansive 55 million square feet area, DAMAC Hills 2, developed by UAE's leading developer DAMAC Properties, redefines community living in Dubai, offering residents and visitors an unparalleled lifestyle blending relaxation, recreation, and natural beauty.

The allure of DAMAC Hills 2 is underscored by its impressive record of 11,806 units sold, indicating its enduring popularity among property seekers. Notably, the community has witnessed a surge in secondary market transactions, with close to 1,700 units sold over the past three years. This surge signifies a robust demand for villas within the community, further supported by a thriving rental market, highlighting investor confidence and resident satisfaction.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel

Villa properties reign supreme in DAMAC Hills 2, experiencing a remarkable 22 percent growth over the last three years. Seven clusters within the community have recorded double-digit capital value appreciation, signaling sustained growth and demand. Among these, the Aquilegia cluster stands out as a prime example of sought-after villa units within DAMAC Hills 2.

High-net-worth individuals are drawn to the spacious homes offered within DAMAC Hills 2, with six-bedroom villas emerging as the most sought-after rental properties, closely followed by three-bedroom villas. Similarly, two-bedroom apartments have garnered significant attention, witnessing a notable 44 percent rental appreciation within just three quarters.

Even off-plan apartments within DAMAC Hills 2 have demonstrated remarkable growth, with an average price per square foot (PSF) registering a robust 16 percent increase as of 2023 compared to 2021. The demand for two-bedroom and studio apartments remains undeniable, with both types recording impressive growth rates of 37 percent and 36 percent, respectively, over the last three years.

One of the standout performers within DAMAC Hills 2 is Navitas Residences A, which recorded the highest price rise of seven percent in 2023 compared to 2021, further solidifying the community's reputation as an investment destination.

DAMAC Hills 2 features three distinct zones – Central Park, District Park, and Picnic Park – offering a plethora of amenities and recreational facilities for residents of all ages. From water features and sports facilities to outdoor cinemas and petting farms, the community caters to diverse interests and preferences, fostering a vibrant and inclusive environment.

In conclusion, DAMAC Hills 2 stands as a beacon of luxury and sophistication in Dubai's real estate landscape, offering unparalleled lifestyle experiences and investment opportunities. With its thriving community, diverse property options, and sustained growth trajectory, DAMAC Hills 2 continues to captivate investors and residents alike, solidifying its position as a premier real estate destination in the region.

April 19, 2024 12:11 p.m. 5142

#trending #latest #DAMACHills2 #DubaiRealEstate #PropertyInvestment #LuxuryLiving #CommunityDevelopment #RealEstateMarket #DubaiProperty #InvestmentOpportunity #PropertyMarket #breakingnews #worldnews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn

Family Care Authority and UAE Climate Group Host Nature-Inspired Events

uae news / uae-national
Feb. 6, 2025 5:21 p.m. 366

This initiative supports the Abu Dhabi Wellbeing Strategy, improving quality of life and family wellbeing in our community...Read More.

12th UN-GGIM Arab States Committee Meeting Ends in Jeddah

global news / world news
Feb. 6, 2025 5:09 p.m. 365

The meeting reviewed the Arab Committee's 2024 annual report, monitored progress across working groups, and discussed international contributions to geospatial...Read More.

Family Care Authority and UAE Climate Group Host Nature-Inspired Events

This initiative supports the Abu Dhabi Wellbeing Strategy, improving quality of life and family wellbeing in our community

12th UN-GGIM Arab States Committee Meeting Ends in Jeddah

The meeting reviewed the Arab Committee's 2024 annual report, monitored progress across working groups, and discussed international contributions to geospatial

Priyanka Chopra Stuns in Pink Diamond Necklace at Brother’s Wedding

Priyanka Chopra dazzles in floral corset lehenga and rare pink diamond necklace at her brother Siddharth's wedding

The Chedi unveils debut Dubai launch with exclusive standalone residences

These homes offer villa-sized layouts with 3.2-meter high ceilings, private entrances, and large terraces with stunning panoramic views of the Dubai skyline

Kasco Developments launches its third residential project in Dubai

Located along Al Jaddaf Waterfront, Volna is an 11-floor building with 65 well-designed homes

Google unveils Thinking model with Gemini after OpenAI, DeepSeek

Google has launched the Gemini 2.0 Flash Thinking Experimental model for app and desktop users

Google Stops Diversity Hirings After Trump's Sledgehammer on DEI Policies

Google stated it is reviewing Trump’s policy changes, which aim to limit DEI efforts in the government and among federal contractors

Ozzy Osbourne to reunite with Black Sabbath after 20 years apart

Black Sabbath's original lineup, featuring Ozzy Osbourne, will reunite for a one-off concert in Birmingham, England, on July 5, marking their first performance

UAE Top Bank FAB Surpasses Q4 Revenue Estimates with Strong Performance

First Abu Dhabi Bank (FAB), the UAE's largest lender by assets, exceeded fourth-quarter profit forecasts on Thursday, fueled by a strong double-digit revenue gr

Oscars Frontrunner ‘Emilia Perez’ Faces Major Setback in Award Season

After a record number of Oscar nominations, ‘Emilia Perez’ faces scandal due to past social media posts by star Karla Sofia Gascon.

Get In Touch

3001E, 30 Floor, Aspin Commercial Tower, Sheikh Zayed Road, Dubai, UAE

+971 52 602 2429

info@dxbnewsnetwork.com

LAUNCH OF DNN
Follow Us

© DNN. All Rights Reserved.