Modern 2 Bed | High Floor | Vacant | Apartment in DAMAC Hills 2
AED 127,000/year

AED 112 per sqft

Permit Pending Verification

Modern 2 Bed | High Floor | Vacant | Apartment in DAMAC Hills 2

DAMAC Hills 2, Dubai
Listed 122 days ago
2
Beds
2
Baths
1,137
Sqft
apartment
Type

About This Property

Premium 2 bedroom apartment available in Oliva, DAMAC Hills 2. This 1137 sqft property offers excellent value at AED 877,000. Located in the heart of Dubai, with easy access to major amenities.

Property Details

Property TypeApartment
Listing TypeRent
OwnershipFreehold
Views184
Referenceaf8f806f-eaf1-4bf2-bf09-a33aa36582cb

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 112/sqft
Area benchmark unavailable
Annual rentAED 127,000
Security deposit (est. 5%)AED 6,350
Ejari registrationAED 220
Agency commission (5% one-off)AED 6,350
Est. first-year cash outlayAED 139,920

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

Competitive Rental Price

Slightly below market average for DAMAC Hills 2. Fair rental rate.

Save AED 474/month

Area Avg Rent
AED 117
per sqft/year
This Property
AED 112
4% below avg
Area Yield
6.5%
rental return
Monthly
AED 11K
per month

Investor Insight

Est. Property Value

AED 2.0M

Implied Yield

6.21%

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 10,583

Annual: AED 127,000

AED 112/sqft per year

AED 127,000 per year

Estimated Move-in Costs

Security Deposit(5% of annual rent)
AED 6,350
Agency Commission(5% of annual rent)
AED 6,350
DEWA Deposit(Refundable)
AED 2,000
Ejari Registration(One-time fee)
AED 220
Total Move-in CostAED 14,920

Recent Apartment Rental Transactions

Similar apartments rented in DAMAC Hills 2

AED 118K

Avg. Annual Rent

AED 108.72

Avg. /sqft (yr)

5

Rentals

AED 156K22.7% higher
15 Apr 2026 2 Bed 1,137 sqftAED 137/sqft
Rental Agreement
AED 58K54.6% lower
15 Jan 2026 2 Bed 980 sqftAED 59/sqft
Rental Agreement
AED 152K19.5% higher
16 Dec 2025 2 Bed 1,137 sqftAED 134/sqft
Rental Agreement
AED 74K41.7% lower
16 Nov 2025 2 Bed 912 sqftAED 81/sqft
Rental Agreement
AED 151K19.0% higher
17 Sept 2025 2 Bed 1,137 sqftAED 133/sqft
Rental Agreement

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

Similar Properties

2-Bedroom apartment in DAMAC Hills 2