Upgraded 1BR | Premium Location | High ROI | Apartment in DAMAC Hills 2
AED 89,000/year

AED 118 per sqft

Permit Pending Verification

Upgraded 1BR | Premium Location | High ROI | Apartment in DAMAC Hills 2

DAMAC Hills 2, Dubai
Listed 149 days ago
1
Beds
1
Baths
753
Sqft
apartment
Type

About This Property

Premium 1 bedroom apartment available in Pelham, DAMAC Hills 2. This 753 sqft property offers excellent value at AED 466,000. Located in the heart of Dubai, with easy access to major amenities.

Property Details

Property TypeApartment
Listing TypeRent
OwnershipFreehold
Views71
Reference528cac43-e092-4cc2-8e18-54c88d354d56

Area & Neighborhood Guide

7.5/10
Investment Score
6.5%
Avg. Yield
+8%
1Y Growth
Moderate
Market
Schools
1
Healthcare
1
Transport
0
Retail
1
Green space
1
Waterfront
0

Nearby Amenities & Landmarks

DAMAC Hills 2 Community Center
Local Shopping
Schools
Healthcare
Public Transport
Parks & Recreation
Dining Options

Upcoming Developments

Infrastructure improvements in DAMAC Hills 2
New residential projects
Enhanced community facilities

Demographics

25K+
Residents
35
Avg. Age
70%
Expats

Price Transparency

Estimate
This listing
AED 118/sqft
Area benchmark unavailable
Annual rentAED 89,000
Security deposit (est. 5%)AED 4,450
Ejari registrationAED 220
Agency commission (5% one-off)AED 4,450
Est. first-year cash outlayAED 98,120

Estimates use standard UAE market rates (DLD 4%, trustee 4,200 AED, mortgage reg 0.25% at 75% LTV, agency 2%). Your firm quote is provided in writing before MoU signing and may differ based on property type, buyer profile, and negotiated terms.

Rental Market Comparison

Fair Market Rent

Fair Market Rent

Priced in line with DAMAC Hills 2 rental market average of AED 117/sqft/year.

Area Avg Rent
AED 117
per sqft/year
This Property
AED 118
1% above avg
Area Yield
6.5%
rental return
Monthly
AED 7K
per month

Investor Insight

Est. Property Value

AED 1.4M

Implied Yield

6.57%

Based on area sales PSF of AED 1,800

Rental estimates derived from PropertyIndex.ae yield data • Updated 2026-02-22

DAMAC Hills 2 Market Intelligence

Full Report
Avg Price/SqftAED 693
Active Listings36
Trendup
Price History (per sqft)
AED 596
Dec
AED 720
Jan
AED 711
Feb
AED 762
Mar

Average Price per Sqft by Month

Regulatory Compliance — Dubai Land Department (RERA)

Permit Required
DLD Permit No.Pending — agent must add
Listed By—
Agency—
Permit Valid UntilNot provided

Verify this permit: dubailand.gov.ae/trakheesi-service

Alternatively, scan the permit in the official Dubai REST app (iOS & Android).

Rental Cost Analysis

Monthly Rent

AED 7,417

Annual: AED 89,000

AED 118/sqft per year

AED 89,000 per year

Estimated Move-in Costs

Security Deposit(5% of annual rent)
AED 4,450
Agency Commission(5% of annual rent)
AED 4,450
DEWA Deposit(Refundable)
AED 2,000
Ejari Registration(One-time fee)
AED 220
Total Move-in CostAED 11,120

Recent Apartment Rental Transactions

Similar apartments rented in DAMAC Hills 2

AED 99K

Avg. Annual Rent

AED 130.97

Avg. /sqft (yr)

5

Rentals

AED 105K17.5% higher
15 Apr 2026 1 Bed 753 sqftAED 139/sqft
Rental Agreement
AED 97K9.4% higher
14 Feb 2026 1 Bed 753 sqftAED 129/sqft
Rental Agreement
AED 89K0.1% higher
16 Dec 2025 1 Bed 753 sqftAED 118/sqft
Rental Agreement
AED 108K21.0% higher
16 Nov 2025 1 Bed 753 sqftAED 143/sqft
Rental Agreement
AED 94K6.0% higher
17 Oct 2025 1 Bed 753 sqftAED 125/sqft
Rental Agreement

Transactions shown are for similar apartments in DAMAC Hills 2. Prices may vary based on floor, view, and finishing.

Similar Properties

1-Bedroom apartment in DAMAC Hills 2