Why Invest In DAMAC Hills?

Dubai is known for its luxurious real estate market, with new developments constantly growing. One community that has gained popularity in recent years is DAMAC Hills, located just off Hessa Street in the Dubailand area. This massive development by DAMAC Properties covers over 42 million square feet and includes a mix of villas, townhouses, and apartments surrounded by lavish amenities.

If you’re considering investing in luxury property in Dubai, DAMAC Hills presents an excellent opportunity. In this blog post, we’ll explore why investing in DAMAC Hills could be a wise choice for your real estate portfolio. From its prime location to strong returns on investment, you’ll learn the key factors that make this community the best investment opportunity in Dubai.

Let’s dive in and see why DAMAC Hills should be on your radar as a real estate investor in Dubai!

1. Prime Location

One of the biggest advantages of DAMAC Hills is its strategic location. The community is next to Hessa Street (D61) and Al Qudra Road (D63), providing quick access to Sheikh Zayed Road and other major highways. This makes it easy to get to key points around Dubai, including:

Attractions

• Dubai Miracle Garden – 4.0 km
• Global Village – 7.2 km
• The Storm Coaster – 8.4 km

Parks & beaches

• Mudon Central Park – 1.2 km
• Damac Hills Park – 1.3 km
• Studio City Park 2 – 1.9 km

Golf clubs

• Trump International Golf Club – 0.1 km
• Trump International Golf Course – 0.1 km
• Arabian Ranches Golf Club – 3.2 km

Cinemas

• Reel Cinemas at The Springs Souk – 7.6 km
• Novo Cinema IMG Worlds of Adventure – 9.0 km
• Vox Cinemas at Mall of the Emirates – 11.7 km

The location appeals to both residents and investors alike. Professionals working in the city or towards Abu Dhabi appreciate the easy commute. Meanwhile, investors see the value in buying property in an area well-connected to Dubai’s prime destinations.

Additionally, DAMAC Hills offers a quiet suburban feel while close to popular hotspots. So you get the perks of city access without the constant hustle and bustle.

2. Luxury Amenities

DAMAC Hills isn’t just conveniently located – it’s packed with luxury amenities and attractions. This is a major draw for renters and homeowners in the community.

The highlight is undoubtedly the Trump International Golf Club Dubai, spanning over 7,300 yards. Designed by professional golfer Tiger Woods, the expansive 18-hole course weaves through the community. It boasts lush fairways, challenging holes, and spectacular views. Golf enthusiasts flock to live and play in DAMAC Hills.

The golf club also has a luxurious clubhouse with high-end dining options, a pool, a gym, and a spa. Other sports facilities in DAMAC Hills include football pitches, tennis courts, cycling tracks, and a skate park.

Over 4 million sq. ft. Outdoors is dedicated to landscaped parks, gardens, and lakes. The sprawling Akoya Park covers 3.7 million sq. ft. Miles of walking trails, letting you enjoy the lush greenery.

For entertainment, Akoya Drive offers trendy restaurants, cafes, luxury retail outlets, a cinema, and an ice skating rink. Everything you need for fun is right within the community.

3. Proper Fulfillment of Daily Needs

DAMAC Hills is designed as a self-sufficient community with amenities and facilities to fulfill residents’ daily needs.

• Schools and Universities

There is a Jebel Ali School within the community that provides schooling up to Grade 9 under the British Curriculum. Nearby nurseries like Blossoms Mudon Nursery and CreaKids cater to toddlers. Top universities, including Middlesex University Dubai and the University of Wollongong Dubai, are nearby. Dubai Knowledge Park, 20 minutes away, offers tertiary and skill-based learning.

• Clinics and Hospitals

The DAMAC Hills community is home to a Saudi-German Clinic in Artesia Tower B. This well-known group of hospitals and clinics has provided world-class medical facilities and treatments for many years.

Outside this, you will find the following healthcare institutions:

• Medicare Medical Centre, Motor City – 10 minutes away
• Apex Medical and Dental Clinic – 15 minutes away
• Emirates Hospital – 15 minutes away
• Al Zahra Hospital – 25 minutes away
• Aster Clinic Dubailand – 25 minutes away

*Restaurants at DAMAC Hills

DAMAC Hills has a variety of family-friendly restaurants, including the exclusive fine dining experience at Trump Clubhouse. Additionally, the community has fast food and other restaurants where you can enjoy quality time with your loved ones. Some other popular restaurants in Damac Hills are

• Prato Italian Restaurant
• Maria Bonita Taco Shop & Grill
• Tuk Tuk Thai Food Restaurant
• Hook and Coke Restaurant
• Taka Do’s Mexican Restaurant

*Places of worship

In DAMAC Hills’ Silver Springs community, you’ll find a mosque, including other nearby places of worship like The Mudon Mosque, Al Madinah Al Mustadama Masjid, and the Sustainable City Mosque. The United Christian Church of Dubai is the nearest, while Hindu worshipers can visit the Shirdi Sai Baba Temple and Shrinath Ji Temple. The closest Gurudwara is Guru Nanak Darbar.

*Transportation and Parking in DAMAC Hills As a resident of DAMAC Hills, you have two allocated parking spaces. Visitors have ample parking space, too. However, owning a vehicle is necessary as the nearest metro station, Dubai Internet City, is a 15-minute drive away.

4. Variety of Properties

From sleek high-rise apartments to spacious 5-bedroom villas, DAMAC Hills caters to all tastes and budgets regarding properties. The high-end freehold development is divided into three main areas: the Golf Club, Akoya Park, and Akoya Drive. You have many options like apartments, villas, or townhouses.

The apartments come in studio, 1, 2, and 3-bedroom configurations. Starting prices range as follows:

On the higher end are luxury villas with 2 to 6 bedrooms. Their prices start at AED 3.2 million and go up to AED 14 million for lavish golf course-view villas. Not only this, DAMAC Hills includes popular sub-communities like Golf Panorama, Golf Vista, Loreto, The Park Villas, Veneto, and Bellavista.

With this diverse selection, you can find DAMAC Hills properties to match your investment capital and rental income goals. The most popular sub-communities include Topanga, Pelham, Richmond, and Loreto.

5. Strong Rental Demand

What makes an investment successful? Having a high rental demand, of course! And DAMAC Hills delivers on that front.

Due to its luxurious lifestyle, DAMAC Hills attracts upper-middle-class and wealthy renters, especially expat families. Nearby communities like Dubailand, Motor City, and Arjan also bring professionals in surrounding offices and retail centers. The current rental trend in Damac Hills is as follow

As of 2022, over 8,000 people already call DAMAC Hills home. And with new property launches still happening, that number will continue rising. It’s one of Dubai’s up-and-coming areas for families seeking a high standard of living.

For investors, this translates to strong rental yields and quick property occupancy. Studio and 1-bed apartments, for instance, can fetch yields of 6-7% per year – higher than many areas in Dubai.

6. Developer Reputation

The developer behind DAMAC Hills is DAMAC Properties, one of the most prestigious names in Dubai real estate.

Founded in 2002, DAMAC has delivered dozens of residential, commercial, and mixed-use projects. Their portfolio includes popular communities like DAMAC Hills, AKOYA Oxygen, and DAMAC Lagoons. Celebrities like Tiger Woods and Italian fashion brands like Fendi have partnered with DAMAC on branded properties.

Needless to say, investing in a DAMAC community provides peace of mind regarding construction quality, facilities, and timely completion. Their strong reputation adds to the premium value of DAMAC Hills.

7. Capital Appreciation Potential

Capital growth is the icing on the cake regarding property investment. And DAMAC Hills show promising signs of healthy appreciation.

Remember – it’s still an up-and-coming community, with new launches and amenities planned. Property values are forecasted to rise as DAMAC Hills become more built over the coming years.

• Studio: 6.80%
• 1-Bed: 6.1%
• 2-Bed: 7%
• 2-Bed Villa: 8.40%

We already see prices increasing by 5-8% year-over-year for villas and townhouses in DAMAC Hills. Apartments are also starting to creep up in value as availability reduces.

This is a good time to enter and take advantage of lower entry prices today. Your investment will reap higher returns as DAMAC Hills transforms into a coveted residential destination.

Factors to Consider

While DAMAC Hills is an attractive prospect, let’s balance the scales by looking at a few factors to keep in mind as well:

– It’s still an ongoing development, so construction is present across pockets of the community. This may cause inconveniences for some residents. Investors should check which project phases are completed versus under construction.

– There is limited public transport connectivity as of today. The nearest metro station is a 15-minute drive away. So access to a car is advisable.

– As a suburban community, amenities are developing along with residential projects. The area may feel limited for some used to bustling city centers.

– Rental yields are strong but don’t match the over 8-10% in some downtown areas. However, capital growth potential offsets this over the long term.

– Properties over 3 bedrooms attract lower demand than compact 1-2 bedroom units. Bigger doesn’t always mean better for rental income.

These factors aren’t deal-breakers but are good to remember when searching for the right property in DAMAC Hills.

Best Property to Buy in DAMAC Hills

Spanning over 42 million sq. ft. DAMAC Hills has many popular properties to buy. Here are some of the most popular and promising:

Apartment

1. Golf Town

Golf Town is a popular area within DAMAC Hills known for its low-rise apartments surrounded by lush green spaces. Apartments are available in a range of configurations from studios to 3 bedrooms. Prices start from AED 505,000, and balconies offer scenic views of the Trump International Golf Club.

2. Bellavista

Bellavista, another popular property, consists of three residential towers providing large, luxurious apartments starting from AED 475,000. Units are designed to maximize open living spaces and take in the stunning surroundings of the DAMAC Hills community.

3. Kiara

Kiara is a well-located complex within walking distance of amenities. Furnished apartments ranging from 1 to 3 bedrooms are available from AED 495,000 with elegant designs and views of the golf course.

4. Park Town

Park Town comprises the Jasmine, Loreto, and Orchid buildings, known for their low heights and glass facades. 2-3 bedroom apartments start at AED 453,000 in this central location close to the community facilities.

Villas

1. The Park Villas

For a more spacious villa lifestyle, The Park Villas offers 3-6 bedroom options surrounded by greenery and a short distance to the Trump International Golf Club amenities.

2. The Trump Estates As one of the most exclusive sections, the Trump Estates feature private, high-end villas adjacent to the golf course. Residents also gain access to worldwide Trump membership benefits and services.

3. Green Acres Set in 4 million square feet of gardens, Green Acres villas provide an oasis-like setting in the heart of DAMAC Hills. Units are complemented by water features and open walking paths.

4. Green Woods Green Woods villas are elegantly designed inside and out, with options for converting the upper floor. This quality development is well-located within the community.

5. BelAir – The Trump Estates Limited ultra-luxurious villas offer the ultimate in privacy and lavish interiors, amenities, and service at BelAir of The Trump Estates. Units are surrounded by verdant surroundings perfect for leisure and relaxation.

Conclusion

Let’s recap – what makes DAMAC Hills a compelling property investment opportunity?

• Prime location – well-connected to Dubai highways and 30 minutes from the airport
• Luxury Trump golf course and amenities perfect for high-end tenants
• Strong community demand – over 8,000 residents and counting
• Developer reputation – DAMAC is a leading Dubai developer
• Great variety – apartments, townhouses, and villas at different price points
• High rental yields and capital growth forecasted

DAMAC Hills checks all the right boxes whether you’re a homeowner, landlord, or investor. As Dubai’s next thriving suburban community, it makes sense to get in early before prices rise further.

Target the right property type and community for your needs and budget. Work with an experienced real estate consultant to explore your options.

In recent years, DAMAC Hills will be an established destination like Emirates Hills or Dubai Marina. Take advantage of lower entry prices today for a property that will deliver enjoyment and financial returns for years.