Damac Hills 2
Who Damac Hills 2 suits: and who it doesn't
Damac Hills 2 (formerly Akoya Oxygen) is a different proposition from its namesake: a value townhouse community on Dubai's desert edge, fifteen-plus minutes beyond the original Damac Hills, competing on price rather than golf frontage. It suits budget-first families and yield investors who accept distance as the discount's source. It doesn't suit anyone expecting Damac Hills amenities — the two share a brand, not a location. What to watch: amenity build-out (the water park and retail arrived late), and the resale spread between clusters as early handovers age. , Equity Edge analyst note
The numbers, registered
Apartments
| Layout | Median sale | AED/sqft | Median rent | Gross yield | Sample |
|---|---|---|---|---|---|
| Studio | AED 445K | 1,055 | AED 39K/yr | 8.8% | 31 sales · 309 rents |
| 1 bed | AED 669K | 1,185 | AED 52K/yr | 7.8% | 72 sales · 127 rents |
| 2 bed | AED 1.3M | 1,298 | AED 69K/yr | 5.5% | 48 sales · 36 rents |
Villas & townhouses
| Layout | Median rent | Gross yield | Sample |
|---|---|---|---|
| 3 bed | AED 95K/yr | , | 4,932 rents |
| 4+ bed | AED 195K/yr | , | 214 rents |
Where Damac Hills 2 sits
How Damac Hills 2 compares
| Community | Median AED/sqft | Gross yield | Entry (1BR) |
|---|---|---|---|
| Damac Hills 2 (this guide) | 1,187 | 6% | AED 669K |
| Dubai Marina | 2,366 | 4.6% | AED 2M |
| Downtown Dubai | 2,965 | 5.2% | AED 2.3M |
| Palm Jumeirah | 3,531 | 3.5% | AED 3.8M |
Questions buyers ask about Damac Hills 2
What does an apartment cost in Damac Hills 2 in 2026?
The median registered sale price for a Damac Hills 2 apartment is AED 700K (151 DLD-registered sales, 12 months to Aug 2026), or AED 1,187/sqft. The median 1-bedroom sold for AED 669K.
What rent does an apartment achieve in Damac Hills 2?
The median registered rent is AED 42K/year across 472 Ejari contracts (12 months to Aug 2026). Per-bedroom medians are in the table above, these are registered contracts, not asking prices.
What gross yield do Damac Hills 2 apartments deliver?
6% gross, median registered rent divided by median registered sale price, both from the trailing 12 months. Asking-price yields quoted elsewhere usually flatter; this is the registered number.
Is Damac Hills 2 the same as Damac Hills?
No — and the similar names catch people out. The original Damac Hills wraps the Trump golf course near Motor City; Damac Hills 2 sits 15+ minutes further into the desert at roughly half the price point. Different locations, different markets, different buyers.
Why is Damac Hills 2 so cheap?
Distance and maturity. It is one of the furthest freehold communities from the coast, and its amenities arrived years after the first handovers. In exchange you get Dubai’s lowest townhouse entry prices — the registered numbers above show exactly what the market pays.
What amenities exist now?
The community has filled in meaningfully: Malibu Beach wave pool, a water park, sports courts, a community centre and school options nearby. It functions as a self-contained value suburb — visit before judging it on its early reputation.
