PropTrack
Loading DLD data

Community in Dubai, DLD district Madinat Hind 4

DAMAC Hills 2

DAMAC Hills 2 is one of the more affordable parts of Dubai: homes sold for a median AED 1,141 per sqft over the past year, against AED 1,733 for Dubai as a whole. It is a smaller market, with 1,489 sales in 12 months, 4% of them off-plan. A typical 1-bedroom costs about AED 660K and rents for about AED 48K a year, a gross yield of about 7.3%. Prices are down 5.0% on a year earlier and up 38% over three years. 5,431 leases were registered with Ejari in the past year.

Price per sqft, past year
AED 1,141
−5.0% on a year ago
Sales, past year
1,489
4% off-plan
Gross yield
7.3%

Prices and rents by bedrooms in DAMAC Hills 2

HomeTypical priceSizeRent a yearGross yield
StudioAED 450K420 sqftAED 37K8.2%
1 bedroomAED 660K551 sqftAED 48K7.3%
2 bedroomsAED 1.15M991 sqftAED 68K7.1%

Buildings with the most sales in DAMAC Hills 2

  • Damac Hills (2) - ViridisAED 1,020 per sqftFinished, 91 sales

Sources: Dubai Land Department sales and Ejari rent records, aggregated by Dubai Data (CC BY 4.0) and DXBData.io. Not an official DLD product. Information, not financial advice.