Spacious 1BR | Sea View | Fully Furnished | Apartment in DAMAC Hills 2
AED 496,000

AED 777 per sqft

Permit Pending Verification

Spacious 1BR | Sea View | Fully Furnished | Apartment in DAMAC Hills 2

DAMAC Hills 2, Dubai
Listed 106 days ago
1
Beds
1
Baths
638
Sqft
apartment
Type

About This Property

Premium 1 bedroom apartment available in Oliva, DAMAC Hills 2. This 638 sqft property offers excellent value at AED 496,000. Located in the heart of Dubai, with easy access to major amenities.

Property Details

Property TypeApartment
Listing TypeSale
OwnershipFreehold
Views142
Referenceb87e3535-0380-4b36-aef7-435e9b3a67d1

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

Premium Property

Positioned above market average

This is a premium-positioned property in DAMAC Hills 2. Asking AED 777/sqft vs market average of AED 708/sqft. Premium pricing reflects location desirability, unit quality, and market positioning.

Price Transparency

Estimate
This listing
AED 777/sqft
Area benchmark unavailable
Asking priceAED 496,000
DLD transfer fee (4%)AED 19,840
Trustee fee (flat)AED 2,100
Mortgage registration (0.25% of 75% LTV)AED 1,220
Agency commission (2%)AED 9,920
Est. total transaction costAED 529,080

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.

Market Comparison

Price benchmarked against area listings & DLD data

Excellent Deal

Exceptional Value - 57% Below Market!

This property is priced significantly below the DAMAC Hills 2 average of AED 1800/sqft. You could save AED 652,674 compared to market rate.

Price per sqft comparisonDAMAC Hills 2 · 1 BR apartment
This PropertyAED 777/sqft
Area AverageAED 1,800/sqft

Area Yield

6.5%

L12M Trend

+2%

PropertyIndex.ae • 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

Investment ROI Calculator

Based on 4 rental comparables in DAMAC Hills 2

Excellent Yield
Gross Yield
10%
Excellent Yield
Net Yield
8.07%
After charges
Estimated Rental Income
Monthly
AED 4,133
Annual
AED 49,600
Service Charge: AED 9,570/yr15 AED/sqft
Capital Appreciation (Dubai)
vs Area Average38.3% below avg

Mortgage Calculator

Estimated Monthly Payment

AED 2,317

Based on 25-year mortgage at 4.99%

Principal (57%) Interest (43%)
20% (AED 99,200)
5%80%
4.99%
2%8%
Property PriceAED 496,000
Loan AmountAED 396,800
Total InterestAED 298,403
Total Cost (Principal + Interest)AED 695,203

Estimated Upfront Costs

Down PaymentAED 99,200
DLD Registration (4%)AED 19,840
Agency Fee (2%)AED 9,920
Total UpfrontAED 128,960

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).

Recent Apartment Transactions

Similar apartments sold in DAMAC Hills 2

AED 446K

Avg. Price

AED 693.69

Avg. /sqft

5

Transactions

AED 433K12.7% lower
15 Apr 2026 1 Bed 661 sqftAED 655/sqft
Completed Sale
AED 536K8.1% higher
16 Mar 2026 1 Bed 797 sqftAED 673/sqft
Completed Sale
AED 501K1.0% higher
14 Feb 2026 1 Bed 720 sqftAED 696/sqft
Completed Sale
AED 447K9.8% lower
15 Jan 2026 1 Bed 564 sqftAED 793/sqft
Completed Sale
AED 311K37.3% lower
15 Jan 2026 1 Bed 477 sqftAED 652/sqft
Completed Sale

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