What's the price range at DAMAC Hills Residences?
Current price per sqft: AED 2500. Recent transactions: 3BR 2000sqft at AED 5,000,000; 2BR 1200sqft at AED 3,000,000. Price history (12 months): ranging from AED 2490 to AED 2500/sqft.
DAMAC Hills Residences – Investment & Lifestyle FAQ
Complete guide to DAMAC Hills Residences in DAMAC Hills: pricing, amenities, rental potential and ownership costs.
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Pricing & Units
What units are available at DAMAC Hills Residences?
Unit mix: 105 × 1BR, 140 × 2BR, 40 × 3BR, 0 × 4BR, 5 × Penthouse. Total: 350 units. Standard residential tower.
Is DAMAC Hills Residences a good value, or overpriced?
Tier: PREMIUM. Investment thesis: "DAMAC Hills flagship with exceptional 6% yields and family amenities; golf integration and leisure focus drive strong rental appeal.". Comparable buildings in DAMAC Hills range AED 2000–3000/sqft. Verdict: Competitive positioning; check comps in the building. Consult a local agent for current market assessment.
Amenities & Building Features
What amenities does DAMAC Hills Residences offer?
Amenities: Golf course, Community pool, Spa, Restaurants, Retail and more. Year completed: 2017. Floors: 15. Well-maintained common areas and 24/7 security.
How many floors and units per floor in DAMAC Hills Residences?
15 floors. Total units: 350. Average units/floor: 24. View types: Marina views, City views. Higher floors command premium pricing.
What's the typical apartment layout in DAMAC Hills Residences?
Layouts: Studio to 4-bedroom units. Most popular: 2-bedroom (140 units). Sizes vary 500–2,500 sqft. Many units have balconies/terraces. Furnished and unfurnished options available (check listing details).
Location & Proximity
How far is DAMAC Hills Residences from key landmarks?
Beach: 18 mins. DAMAC Hills metro: 12 mins. Downtown Dubai: 28 mins. Airport (DXB): 20 mins.
Is DAMAC Hills Residences easy to get to and from?
Metro accessible via DAMAC Hills. Schools within 5–15 mins. Shopping malls: Dubai Marina Mall, Ibn Battuta nearby. Parking: typically 1–2 spaces per unit. Good road connectivity to Sheikh Zayed Road and key exits.
What's the neighborhood like around DAMAC Hills Residences?
Located in DAMAC Hills, a premium community. Residents: expat professionals, families, investors. Dining & retail: diverse options within 5–15 mins. Safety: 24/7 security in building and community. Vibe: upscale and vibrant.
Owning Here
What are the service charges and annual costs?
Service charge: ~AED 875/sqft/year typical for tier PREMIUM. Estimate for 2BR (1500 sqft): AED 109375/month. DEWA: AED 400–600/month. Insurance: AED 1,000–2,000/year. Total holding cost: AED 800–1,500/month.
What kind of residents live in DAMAC Hills Residences?
Profile: Mix of owner-occupiers and investors. Typical buyers: expat professionals, families seeking quality lifestyle, buy-to-let investors targeting 4%–6% yields. Nationalities: diverse (UK, India, Saudi, Russia, China well represented). Community vibe: professional, family-oriented, investment-savvy.
What's the rental yield at DAMAC Hills Residences?
Gross rental yield: 6%–7.5%. 1BR typical rent: AED 8,333.333/month. 2BR: AED 13,333.333/month. Strong tenant demand; typical vacancy: 1–2 months/year.