But is it good to buy property in Damac Islands?
Damac Islands is a place where every day is a holiday – shiny water, green grass, and loads of sunshine - It is a haven in the busy city of Dubai.
Here, we share everything you should know about DAMAC Islands and why it is a good opportunity for you to buy a property there. We will share with you where it is, its cost, and all the fun things you can do there. So, if you are a family looking for a new house or want to make a smart buy, just keep reading.
DAMAC Islands
DAMAC Islands represents a new and exclusive waterfront community developed by DAMAC Properties. The master-planned project gives a quiet living experience inspired by popular tropical destinations like Fiji, Maldives, and Hawaii. Its luxury villas, townhouses, and waterfront homes provide a mix of exclusivity and social life
Why Invest in DAMAC Islands?
You might be asking yourself, Why invest in DAMAC Islands? Several factors make it a good proposition:
Prime Location in Dubailand
DAMAC Islands is ideally situated in Dubailand, close to some of Dubai’s key attractions and business hubs. It’s only 15 minutes from Dubai Sports City and 20 minutes from the Expo 2020 site. This makes DAMAC Islands a great choice for those who want to be within reach. This place allows access to highways, along with schools, parks, and shopping centers within easy drive reach.
High capital appreciation potential
Capital appreciation in DAMAC Islands is a major reason to invest here. Real estate state experts that properties developed by DAMAC can see an appreciation of up to 40% within a year of development. So, investing in one of the DAMAC Upcoming Projects at an early stage will give you a good return on investment. In this DAMAC off-plan project, you get a property at around AED 2.6 million but as the project progresses, prices are expected to climb to AED 3.3 million and beyond.
Flexible Payment Plan
DAMAC Islands offers flexible and appealing payment options to investors. It involves a 70/30 payment plan (70% during construction, 30% on handover). The payment structure allows you to invest without the need for significant upfront costs. This makes it more affordable for those interested in the DAMAC off-plan projects in Dubai. You need to pay only 20%, and the rest is paid at various stages of construction.
Luxury Amenities and Exquisite Lifestyle
DAMAC Islands offers a lifestyle that is all about luxury. Living here means having access to world-class amenities such as an Aqua Dome, Jungle River, Hot Spring SPA, and even kayaking and paddleboarding. Or you can engage with outdoor fitness and calisthenics or let off steam on an overwater floating deck. That’s what awaits you here.
Types of Properties Available
DAMAC Islands features a wide range of townhouses and villas:
Townhouses
The townhouses in DAMAC Islands start at AED 2.6m and come with 4 or 5 bedrooms. They have sizes ranging from 2,208 square feet for 4-bedroom units to 3,178 square feet for 5-bedroom units coupled with a maid’s room.
Luxury Villas
For those seeking a more spacious and private living experience, luxury villas start from AED 6.7 million. The villas come in 6 to 7 bedrooms, with sizes ranging up to 17,079 square feet. The homes come with private gyms, expansive gardens, and elite fixtures, making them an ideal location for those who desire a sense of lavish lifestyles amidst peace and tranquility.
DAMAC Community - What Sets It Apart?
DAMAC community developments are known for their upscale amenities and high-quality construction. DAMAC Properties is a renowned name in Dubai’s real estate market, with successful projects like DAMAC Hills and DAMAC Lagoons to its credit. DAMAC Islands is expected to carry forward this legacy of excellence.
High Rental Yields
For investors looking for rental income, DAMAC Islands provides an opportunity to earn attractive yields. The typical returns over Dubai properties stand at around 8-10%. Still, communities surrounding DAMAC Islands likely exceed.
Developer Reputation
Investing in DAMAC is all about investing in quality. With a solid reputation in the industry, DAMAC Properties has been creating top-notch residential communities for many years. Places like DAMAC Lagoons and DAMAC Hills have seen great success and are known for their exceptional quality. DAMAC leverages its strong name to provide real value in everything it offers.
DAMAC Dubai New Launch and Off-Plan Projects
Yet another benefit of investing in off-plan DAMAC new launches is the presale price. For the most part, this is also lower than what is available for handover. As the project progresses, the property value increases, meaning you benefit from price appreciation. Other benefits to invest in DAMAC off-plan projects in Dubai include zero DLD fees and flexible payment options.
Who Should Invest in Real Estate DAMAC Islands?
Investors Looking to Earn High Return on Investment: If you are looking for huge returns on your property investment, then DAMAC Islands would be a serious contender for you. Buying here could provide ample returns in terms of appreciation and rental yields.
Families Looking for a Unique Lifestyle: This DAMAC community is built for families looking to live in nature nature-orientated environment. For those who wish to experience the tropical wonder yet have everything from schooling, healthcare to shopping within reach, this is the perfect place.
Luxury Lifestyle Seekers: If you’ve always dreamed of waterfront living with exclusive access to luxury amenities, DAMAC Islands offers a perfect lifestyle setting. Whether it’s the overwater floating decks or the Hot Spring SPA, every part of DAMAC Islands is designed for luxury and relaxation.
Conclusion: Is it worth buying property in DAMAC Islands?
Buying property in DAMAC Islands can be a great investment. Due to its strategic location, state-of-the-art features, high potential for appreciation, and various payment strategies, DAMAC Islands has something for every type of audience - be it a family or individual investor. Moreover, DAMAC’s reputation as one of the top property development companies further make this place very attractive for investment.
Whether you need a life in the tropical heart of Dubai or you’re one of those individuals searching for a lifestyle not easily available elsewhere, you should at least consider DAMAC Islands. Prices are set at AED 2.6 million for townhouses and AED 6.7 million for villas. Don’t miss your dream house or your investment before the price hikes start jacking it up in future phases.
Are you ready to enjoy luxury waterfront living? If so, any off-plan investments you make in DAMAC Islands in Dubai could be your ticket home to owning a share of this tropical paradise.
