Apartments and flats for sale in Akoya

Apartments for sale in  Damac Hills 2

If you are interested in property in Dubai for living or investment purposes, just take a look at Damac Hills. Starting from 2000s Dubai has begun developing as an international financial and tourist hub. This growth was fueled by an increase in real estate market and the attraction of foreign investors. Damac Properties, a leading developer of residential complexes in the region, started operations in Dubai in 2002. The company has completed plenty of high-end real estate projects, including Damac Hills 2. Originally known as Akoya Oxygen, Damac Hills 2 was launched in 2013 and renamed to reflect its status as the second phase of the Damac Hills development.

Damac Hills 2 offers a variety of opportunities to buy property. It is a modern community with a wide range of housing units available. Options include:

• Villas in Dubai of various areas and layouts with 3 to 7 bedrooms, private landscaped gardens, and swimming pools.
• Townhouses, which are great for family living, with 3 or more bedrooms, balconies, gardens, and free access to public infrastructure.
• Apartments are available to buy in Damac Hills 2, including studios and apartments with one to 4 bedrooms. These apartments in Dubai offer modern interiors, upscale amenities, and great views.

All properties have high-quality finishes. The developed area provides access to various amenities and services, such as parks, a golf club, sports facilities, dining establishments, and shops.

Prices

The cost of apartments in Damac Hills 2 is relatively affordable compared to other districts in the emirate. The starting price for a studio is AED 330,000, while a 1-bedroom apartment costs around AED 450,000, and a 2-bedroom apartment ranges from AED 620,000. If you're looking for a 3-bedroom option, you can expect to pay around AED 1 million. Local studios have the highest return on investment (ROI) at 9%, while the ROI for 1-bedroom apartments is approximately 6.8%. Villas with 4 bedrooms generate a rental renurn of 7.9%, while those with 5 bedrooms bring in about 7%. Mansions with 3 bedrooms show a profitability of 6.8%.

For those interested in renting, the rent for 3-bedroom villas in Damac Hills 2 ranges from AED 65,000 to AED 120,000. However, you also have the option to purchase the same type of housing for prices ranging from AED 865,000 to AED 1.3 million. The cost of mansions with 4 bedrooms falls between AED 1.6 million and AED 2.4 million. If you're looking for a studio to rent, you can expect to pay between AED 27,000 AED and AED 40,000 per year. The annual rental price for 1-bedroom apartments in Damac Hills 2 ranges from AED 40,000 to AED 50,000. The housing costs in this area depend on such factors, as panoramic views, balconies, and other additional amenities.

Damac Hills 2 provides numerous facilities for an active lifestyle, including an international-standard golf course, sports fields, swimming pools, parks, and walking zones. The community also has essential amenities like schools, kindergartens, medical facilities, shops, restaurants, and supermarkets. Additionally, there are excellent security systems and 24/7 security services in place to ensure a peaceful and secure living environment.

Apartments in Damac Hills 2 for investments

Flats in Damac Hills 2 for investments act as an appealing investment opportunity. This community is situated in a prestigious part of Dubai, close to the central business and entertainment districts, which makes it attractive to investors. Additionally, it boasts a well-developed internal infrastructure and has the potential for high rental yields.

There are several attractions worth mentioning within the community. These include:

• Akoya Park. A beautiful local park that provides green alleys for leisurely walks, picnic zones on the lawn, and spaces for playing football or basketball.
• Trump International Golf Club. An 18-hole golf club designed in the style of Scottish courses, offering breathtaking views of the surrounding countryside.
• Akoya Drive. A picturesque alley that runs through the district, lined with wide avenues, restaurants, and shops, creating a wonderful atmosphere for relaxing strolls.
• The Arena. A sports complex that offers a wide range of sports and entertainment options, including gyms, tennis courts, and a swimming pool, etc.
• Trump Clubhouse. A lavish club with restaurants, bars, and spas, providing residents and guests with a premium unwinding experience.
• Aquaventure Waterpark. Although not located in the community, it is in close proximity. This water park is one of the largest in the world, featuring water slides, swimming pools, and other exciting attractions.

These attractions and amenities make the Damac Hills 2 area an excellent place to live and decompress.

It is profitable to buy an apartment in Damac Hills 2

Damac Hills 2 has become a popular destination for foreign buyers and expats to acquire overseas properties after years of intensive development. It continues to grow and attract new residents and investors. Its strategic location near main highways and key landmarks in the emirate makes it a highly successful investment place. The history of Damac Hills 2 reflects the success of Dubai's development and growth, as well as the significant contribution of Damac Properties to real estate development in the region.

If you are considering investing in real estate in Damac Hills 2, it is recommended to seek advice from market experts. They can provide you with specific information about the current purchasing conditions, perspectives, and risks associated with investing in highly liquid units in Damac Hills 2. Feel free to contact us, and our experts will answer all your questions and provide the necessary services. We look forward to hearing from you!